Fund Accounting Assistant Vice President

At HedgeServ, we’re redefining what’s possible in fund administration. With more than $700 billion in assets under administration, we partner with the world’s most forward-thinking investment managers – across private equity, private credit, endowments, hedge funds and more – to deliver seamless, tech-enabled solutions that drive performance.

Our proprietary platform, enhanced by machine learning and robotic process automation, gives clients real-time insights and unmatched control over their operations. Alongside our technology, we offer award-winning service through our team-based approach -- led by a deeply experienced team of industry experts. Our solutions span the full investment lifecycle, including fund accounting, middle office, risk, compliance, tax, and investor services.

We’re a future-focused company, empowering our people through a robust career development framework, clear career trajectories with structured learning paths, training, and progression plans. We invest in leadership development and in our collaborative culture, creating space for talent to grow. Our corporate values – Relationships, Support, Innovation, and Expertise – create a sense of shared purpose and belonging, and we recognize our employees sit at the core of our success. We continue to innovate and evolve through our employees, working together to achieve our shared vision and mission.

HedgeServ supports employees through a variety of offerings, including remote and hybrid working arrangements, and fully paid comprehensive health and well-being benefits. We’ve been recognized as an employer of choice, earning a top 100 workplaces designation.

Founded in 2008, HedgeServ has grown into a global organization with over 2,000 experts across the globe, with offices in the United States, Grand Cayman, Ireland, Poland, Bulgaria, Luxembourg, the Philippines, and Australia. We’ve earned numerous accolades, including Top Overall Administrator, along with #1 rankings for providing alternative asset services in Accounting, Technology, Client Service, Investor Services, Alternative Fund Expertise, Reporting, and Regulatory Expertise.

Job Description

A Fund Accounting Assistant Vice President will be required to manage the overall NAV calculation process within the guidelines and procedures provided by HedgeServ and under the supervision and guidance of a Fund Accounting Vice President and Managing Director. They will ensure the timely and accurate delivery of NAV calculations.  They will assist in the development of client relationships and will require a detailed understanding of the service requirements for Hedge Fund Administration. 

HedgeServ operates a client focused structure which provides a wide-range of experience to all levels of employees. As such a Fund Accounting Assistant Vice President should be flexible and willing to adapt.

A Fund Accounting Assistant Vice President should be capable of leading and supporting a team of up to 20 employees servicing clients with various requirements and deadlines.

Key Responsibilities:

• Work as part of a team of Assistant Vice Presidents, Vice Presidents and Managing Directors, who have ongoing responsibility for developing all aspects of HedgeServ services.

• Support the Vice President in strategic planning and priorities for assigned fund accounting teams.

• Managing client relationships involving interaction with both the client and the relevant Vice President to ensure consistency of service.

• Ensure the assigned fund accounting team operates within the clearly defined and documented control environment.

• Manage and develop client teams of up to 20 employees.

• Resolve fund accounting enquiries escalated by the Fund Accounting Manager.        

• Review daily and monthly NAV calculations.

• Develop and improve NAV calculation workflows and procedures.

• Review all aspects of the NAV process including fee calculations, profit and loss allocations, accounting for complex financial instruments, documentation review and ad hoc client requests.

• Manage the audit process ensuring timely and successful completion of fund audits including preparation of fund financial statements.

• Investigate accounting implications of new products.

• Manage and complete client initialisation and transition.

• Participate in development and presentation of fund accounting training.

• Responsible for fund accounting employee recruitment, training and performance evaluations.

• Support the resolution of complex issues and take on special projects or tasks as assigned.

• Respond to complex client enquiries.

• Establish and maintain effective working relationships with the Investor Services, Quality Assurance, Business Development, Operations and Compliance departments within HedgeServ.

Our requirements:

• Completed bachelor’s degree in business, accounting or finance

• 9 years’ experience working in a Hedge Fund Administration Firm with at least 3 of those at Manager level.  Alternative fund experience may be considered.

• Intention to actively pursue a professional accounting qualification (ACCA, CIMA, CPA, ACA), if not already started, part qualified or qualified, would be an advantage but is not required.

• IT Literate.

• Strong English verbal and written communication skills.

• Strong systems, product and process knowledge.

• Strong verbal and written communication skills.

• Strong analytical and problem-solving skills.

• Ability to be flexible and work effectively both within a team structure or independently.

• Strong interpersonal skills.

• Good initiative coupled with the ability to identify when escalation is required.

• Reliable, flexible and dependable.

• Ability to positively influence team morale.

• Demonstrate leadership skills.

• Take ownership of designated tasks.

• Act as a role model for HedgeServ.

We’re proud to offer a benefits package and workplace culture designed to support your health, career ambitions and life beyond work.

• LuxMed Premium Package.

• Life insurance and travel insurance.

• MyBenefit Platform.

• Employee Referral Program.

• Remote/hybrid working opportunities, or from the office.

• 100% funding for certifications and postgraduate studies accredited by ACCA, CIMA and IOB.

• Technical workshops and soft skills training.

• Sports and Social Club.