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Alternative Fund Accounting Manager -Officer

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State Street

3mo ago

  • Job
    Full-time
    Senior Level
  • Accounting & Tax
    Banking & Finance
  • Dublin

AI generated summary

  • You should have 5+ years in fund accounting, expertise in financial instruments, strong problem-solving skills, and proficiency in Excel. Experience with Investran and complex fund structures is preferred.
  • You will manage fund accounting functions, ensure accurate pricing, prepare NAV packs, reconcile cash and positions, oversee audits, train team members, and monitor deliverables for accuracy and timeliness.

Requirements

  • Product expertise on financial instruments such as equities, fixed income, futures options, Fx contracts and swaps
  • Cash and position reconciliation hands on preparation and review experience
  • Pricing of portfolio preparation - ensuring the portfolio is accurately priced daily/monthly in adherence to the clients Price Source Agreement and Governing Docs
  • Preparation of Fund allocations with a background in various fund fee calculations
  • Preparation of End to End Hedge Fund NAV packs incorporating all aspects of the NAV calculation (our NAV role is not centralised by NAV function - all aspects of the Nav workflow is performed within our team)
  • Booking of corporate actions
  • Preparation of Income distributions and ADL calculations
  • Preparation of all KPI and Board Reporting Packs
  • Assist in the annual audits working directly with audit firms to support their audit fieldwork
  • Manage workflow, ensuring procedures are up to date, providing training to strengthen technical skills, coupled with furthering the soft skills within your team
  • Work closely with our colleagues in each of our hub locations, reviewing the output from the fund accountants in those locations
  • Be able to professionally resolve the issues and provide help to colleagues, confidently and efficiently communicate with home site
  • Monitor the deliverables, ensuring the accuracy and timeliness of deliverables; be able to flexibly arrange work among the team
  • Bachelor's degree in a relevant field of study
  • 5+ years of fund accounting experience with GL double entry expertise a strong preference
  • PC Skills - Microsoft products (Word, Excel, Powerpoint, etc)
  • Preferred experience with Alternative Investment Asset Classes, complex fund structures and fee calculations desired
  • Preferred experience with Investran, ISS and Geneva applications
  • Strong time management skills with the ability to priorities under pressure; adapt to work under given timeline
  • Strong problem solving and analytical skills
  • Detail-oriented, owner's mindset, logical thinking, strong learning ability, sense of responsibility and teamwork are required
  • Good interpersonal skill and team spirit; effective communication, organizational and negotiation skills
  • Self-motivated, creative and efficient in finding solutions to complex, time-critical problems and strong analytical ability

Responsibilities

  • Product expertise on financial instruments such as equities, fixed income, futures options, Fx contracts and swaps
  • Cash and position reconciliation hands on preparation and review experience
  • Pricing of portfolio preparation - ensuring the portfolio is accurately priced daily/monthly in adherence to the clients Price Source Agreement and Governing Docs
  • Preparation of Fund allocations with a background in various fund fee calculations
  • Preparation of End to End Hedge Fund NAV packs incorporating all aspects of the NAV calculation (our NAV role is not centralised by NAV function - all aspects of the Nav workflow is performed within our team
  • Booking of corporate actions
  • Preparation of Income distributions and ADL calculations
  • Preparation of all KPI and Board Reporting Packs
  • Assist in the annual audits working directly with audit firms to support their audit fieldwork
  • Manage workflow, ensuring procedures are up to date, providing training to strengthen technical skills, coupled with furthering the soft skills within your team
  • Work closely with our colleagues in each of our hub locations, reviewing the output from the fund accountants in those locations
  • Be able to professionally resolve the issues and provide help to colleagues, confidently and efficiently communicate with home site
  • Monitor the deliverables, ensuring the accuracy and timeliness of deliverables; be able to flexibly arrange work among the team

FAQs

What is the role of the Alternative Fund Accounting Manager -Officer?

The Alternative Fund Accounting Manager -Officer is primarily responsible for the timely and accurate execution and dissemination of net asset valuations (NAVs) for clients' accounts, managing client relationships, and overseeing a variety of fund accounting tasks.

What qualifications are needed for this position?

Candidates should have a Bachelor's degree in a relevant field, 5+ years of fund accounting experience, and strong expertise in GL double entry. Preferred experience includes alternative investment asset classes and knowledge of specific applications such as Investran, ISS, and Geneva.

What specific responsibilities will I have in this role?

Responsibilities include cash and position reconciliation, portfolio pricing, fund allocation preparation, NAV calculation, booking corporate actions, preparing income distributions, KPI and Board Reporting Packs, and assisting with annual audits.

How important is client relationship management in this role?

Managing and maintaining excellent client relationships is critical in the day-to-day service provided by the Alternative Fund Accounting Manager -Officer.

Is there support for professional development in this position?

Yes, the role includes providing training to strengthen technical skills and further soft skills within the team.

What skills are valued in this role?

Excellent communication, creative problem-solving, initiative, self-motivation, team collaboration, and the ability to work independently are essential skills for success in this role.

Are there benefits for employees in this role?

Yes, employees receive generous holiday entitlements, private medical insurance, wellness support, attractive pension plans, and other benefits, including paid volunteer days.

Will I work closely with colleagues from different locations?

Yes, you will work closely with colleagues in various hub locations, reviewing output from fund accountants in those areas.

How does the company prioritize inclusion and diversity?

The company engages in various efforts to ensure that all employees feel valued and inspired, fostering a culture that emphasizes diversity and inclusion across its global teams.

What does State Street Corporation do?

State Street Corporation is one of the largest custodian banks and asset managers in the world, providing investment servicing, data & analytics, research & trading, and investment management services to institutional clients.

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State Street

We’re at the heart of financial services. And our clients are at the heart of everything we do.

Finance
Industry
10,001+
Employees
1792
Founded Year

Mission & Purpose

At State Street, we partner with institutional investors all over the world to provide comprehensive financial services, including investment management, investment research and trading, and investment servicing. Whether you are an asset manager, asset owner, alternative asset manager, insurance company, pension fund or official institution, you can rely on us to be focused on your challenges. We are committed to doing what it takes to help you perform better — now and in the future.