Fund Accounting Senior Associate

Who we are looking for:

We are seeking to recruit an enthusiastic Hedge Fund Accounting professional to join our team. The role is responsible for assisting the Officer/AVP in delivering end-to-end fund administration services, coaching and supporting A1/A2 members, providing on the job training, and acting as the main point of contact for internal teams and external clients and auditors.

The candidate will gain exposure to many client relationship management aspects with an excellent opportunity to gain experience in a fast moving financial services environment.

Why this role is important to us:

The team you will be joining is part of Alternative Investment Solutions (AIS), a recognized industry leader in providing fund accounting, fund administration, and risk services to hedge funds, private markets, and other alternative investment vehicles. AIS delivers fully integrated solutions across the investment lifecycle, providing clients with comprehensive front-, middle-, and back-office support to meet the evolving needs of institutional investors.

Join us if making your mark in the alternative investment industry from day one is a challenge you are up for.

What you will be responsible for:

As Hedge Fund Accounting Senior Associate you will be responsible for

Net Asset Value Operations

·       Coordinating workflow and completing detailed preparation/review of Daily/Weekly/Monthly/Quarterly NAV pack, which includes:

• Review cash and position reconciliations, validate portfolio pricing
• Income and expense accrual
• Partner/shareholder allocation calculations
• Analysis of fund returns and performance in line with current market trends and projections
• Other ad hoc reports as needed
• Keeping abreast of new accounting standards and ensuing compliance on all accounts within the team

·       Implementing on the job training initiatives and ensuring consistent coaching and mentoring of staff.

·       Evaluate staffing needs while continually striving for greater efficiencies.

·       Ensure all controls and procedures are adhered to as well as make improvements where necessary.

·       Assisting the process of client migration, new business/clients onboarding.

·       Participate in other special projects or tasks where required.

Client Relationship Management

• Develop and maintain a strong relationship with Investment Managers, brokers, auditors and all other fund participants by tackling queries, delivering NAV related reports.

·       Pro-actively identify/ensure understanding of client’s needs and coordinate internally to support the client’s requirements.

·       Provide solutions and/or to coordinate support to resolve client issues.

What we value:

These skills will help you succeed in this role

·       Good verbal and written English communication skills are required including report writing skills.

·       Good interpersonal skills and ability to communicate effectively at all levels within the organization

·       Good knowledge of hedge fund accounting, including NAV calculations, fund structures, investment products, and related operational processes

·       Strong organizational and time management skills – ability to prioritise tasks and perform effectively within strict deadlines.

·       Proficient in the use of MS Office tools in particular MS Excel.

·       Confident in dealing with difficult situations and be able to create innovative solutions to problems without a high degree of supervision.

·       Shows a growth mindset by adopting AI and digital tools to enhance ways of working, improve effectiveness, and support business outcomes

Education & Preferred Qualifications:

·       Bachelor Degree or equivalent.  Professional accounting or finance qualification and/or Master’s degree a plus.

·       3+ years working experience in accounting / financial services related environment.

·       Strong client relationship experience preferred

·       Progress toward or possession of a professional qualification such as CFA, CPA, or ACCA is a plus.

About State Street

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.

We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

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