Senior Manager - Fund Accounting - Hedge Fund

Sr.Manager is expected to work closely along with his team on finalizing daily and month end NAV for the hedge fund clients. Sr. Manager will be additionally responsible in managing and grooming his team members as well as timely escalation of important issues to senior management.

Responsibilities as a Sr. Manager

- Day to day supervision of direct reports in the team.

- Grooming team members.

- Training on clients and processes and troubleshooting/problem solving

- Assisting team members to meet their objectives; provide them with constructive & timely feedback.

- Playing an important role in the appraisal process of goal setting, mid-year and year end performance appraisal for the team

- Timely escalation of issues to the senior management.

- Identifying training needs for the team members (Functional as well as Soft Skills)

- Ensuring that individual team members are aware of the policies, controls and procedures that apply to their role.

- Ensuring that the team has appropriate backup in place to manage leaves.

- Formulating the necessary controls in clients and processes to ensure efficient and error free client deliverables.

Principal Duties for the Team:

- Validating the NAV and the Profit & Loss of the hedge fund clients on a daily basis

- Reviewing the corporate actions booked in the system and ensuring that the same is correctly reflected in the books of the client

- Reviewing pricing of the portfolio and analyzing the pricing exceptions if any.

- Review MSPA to custodian/client reconciliations. Identify and determine cause. Notify Account Sr. Manager of breaks. If break is due to an erroneous or missing transaction in MSPA then make necessary adjustments.

- Responsible for accruing daily or monthly non-security related accruals including management fees and financing accruals.

- Process non-automated transactions including OTC derivatives and their related cash movements.

- Sending Daily Report to the client, which contains details of Fund's Performance & issues where client guidance is required, to enable us record correctly in the books of accounts (E.g. mismatches of trades, wire details, pricing issues etc.)

- Interaction with the Client facing Account Sr. Manager in regards to the clients daily report and resolving open issues if any.

- Checking that all OTC products traded by the client have been booked correctly (Interest rate swaps, Credit default swaps, Currency options, Commodity futures etc)

- Booking of Capital Activities of the fund

- Finalizing the month end NAV of the client and providing Investor Level Allocations at month-end

- Providing audit support and assistance to funds in the preparation on financial statements.

- Coordinating with various teams like Centralized Exception Reporting Team (CERT), Risk-Analytics team, Investor Services team, Tax Team etc

Timings : 11 AM to 8 PM and the team follows US calendar, hence US holidays are applicable and not Indian holidays