Senior Fund Accountant, Fund Accounting – Hedge Funds
About the role
About Citco JOB DESCRIPTION Citco is a global leader in fund services, corporate governance and related asset services with staff across 50 office locations worldwide. With more than $1.8 trillion in assets under administration, we deliver end-to-end solutions and exceptional service to meet our clients’ needs.
For more information about Citco, please visit www.citco.com
About The Team & Business Line Fund Administration is Citco’s core business, and our alternative asset and accounting service is one of the industry’s most respected. Our continuous investment in learning and technology solutions means our people are equipped to deliver a seamless client experience.
As a core member of our Fund Accounting – Hedge Funds team, you will be working with some of the industry’s most accomplished professionals to deliver award-winning services for complex fund structures that our clients can depend upon.
Responsibilities Your Role:
- You will form part of a professional team responsible for maintaining the books and records of the funds and preparing fund financial reports and investor allocations.
- Work to global procedures and internal best practices
- Be expected to assist and work with a small team of Fund Accountants and local management to service our clients who consist of investment managers and institutional investors within those Hedge Funds
- Perform valuation of hedge fund portfolio holdings
- Provide analysis of fund performance and prepare performance/P&L related reports
- Investigate, communicate and resolve valuation/P&L related issues with hedge fund clients
- Perform price verification and prepare sign-off packages
- Monitor compliance with various client service agreements
- Oversight and preparation of complex ‘Net Asset Value’ calculations and investor P&L allocations in accordance with Service level agreements and internal controls
- Keep and maintain financial records (balance sheet, general ledger entries and profit & loss statement) including accrual reconciliations versus external sources, review cash, trade, position and dividend reconciliations from other internal departments
- Monitor and bookkeep the activity in the Fund, covering corporate actions, income and expenses, fees, capital transfers and performance fees
- Monitor compliance of various agreements with the clients
- Work with all team members to improve product quality and consistency
- Lead migrations and new fund launches to successful completion
- Train and support team members in their development
- Operate as a contact point for clients; able to respond to and resolve queries or escalate where necessary
- Maintain detailed knowledge of investment process and products to effectively respond to Investment Manager queries
- Act as liaison with various internal/external parties – e.g., Auditors, Brokers, Legal Counsel and Investment Manager
- Assist with ad hoc projects
Qualifications About You:
- You have an accounting/finance background with relevant experience as evidenced by:
- A Bachelor’s Degree in Accounting, Finance or Economics and
- Demonstrated 1-2 years of work experience at hedge/mutual funds or investment companies fund accounting
- Nearly qualified or completed CA, CMA, CGA, CPA or CFA designation (preferred – not a must have)
- Working understanding of investment strategies and financial products (including derivatives)
- Some successful supervisory/management experience an advantage
- Able to demonstrate that you are comfortable working in an operations model where you have to coordinate and work with various teams
- Excellent written and verbal communication skills
- Demonstrated financial reporting, analytical and organizational skills
- Strong Office and Outlook skill set (especially Excel)
- Proven ability to work in a challenging and professional work environment
Our Benefits Your well-being is of paramount importance to us, and central to our success. We provide a range of benefits, training and education support, and flexible working arrangements to help you achieve success in your career while balancing personal needs. Ask us about specific benefits in your location.
We embrace diversity, prioritizing the hiring of people from diverse backgrounds. Our inclusive culture is a source of pride and strength, fostering innovation and mutual respect.
Citco welcomes and encourages applications from people with disabilities. Accommodations are available upon request for candidates taking part in all aspects of the selection
About Citco
Our heritage, since founding a civil law notary practice in the 1940s to establishing the Curacao International Trust Company in the 1960s, is built on challenging paradigms and delivering exceptional service within the financial and professional services industry. Today, with more than 6,000 employees in 45 countries, we continue to pioneer award-winning services and technology solutions that meet ever changing markets.
A commitment to investing in people, and proprietary technologies, has resulted in our reputation as the industry's preeminent service provider, reassuring clients that their critical administration functions are in safe hands.
Our thought leadership and ability to quickly navigate complex change means our clients can depend on us as trusted advisors to make informed decisions in response to market conditions.
Our Divisions
Citco Fund Services & Investor Relations CFS is the global leader in services for the alternative investment industry. With over 2,000 funds under administration and net assets exceeding $840 billion, we provide full service fund administration, fund accounting, net asset value calculations, investor relations, and more.
Governance Services Leveraging our extensive global office network Citco Governance Services provides customised solutions, including corporate and global subsidiary governance, secretarial services, financial accounting and reporting, tax and audit liaison, and market entry services.
Banking, Depositary & Custody Services Citco Banks operate in strategic financial centres and provide Institutional and Fund of Funds clients access to the funds universe through multiple communication and online real-time global funds platforms.
Citco Technology Management Through our eight global development centres, Citco Technology Management provides secure infrastructures and develops award-winning technology products that underpin our commitment to service excellence.
Senior Fund Accountant, Fund Accounting – Hedge Funds
About the role
About Citco JOB DESCRIPTION Citco is a global leader in fund services, corporate governance and related asset services with staff across 50 office locations worldwide. With more than $1.8 trillion in assets under administration, we deliver end-to-end solutions and exceptional service to meet our clients’ needs.
For more information about Citco, please visit www.citco.com
About The Team & Business Line Fund Administration is Citco’s core business, and our alternative asset and accounting service is one of the industry’s most respected. Our continuous investment in learning and technology solutions means our people are equipped to deliver a seamless client experience.
As a core member of our Fund Accounting – Hedge Funds team, you will be working with some of the industry’s most accomplished professionals to deliver award-winning services for complex fund structures that our clients can depend upon.
Responsibilities Your Role:
- You will form part of a professional team responsible for maintaining the books and records of the funds and preparing fund financial reports and investor allocations.
- Work to global procedures and internal best practices
- Be expected to assist and work with a small team of Fund Accountants and local management to service our clients who consist of investment managers and institutional investors within those Hedge Funds
- Perform valuation of hedge fund portfolio holdings
- Provide analysis of fund performance and prepare performance/P&L related reports
- Investigate, communicate and resolve valuation/P&L related issues with hedge fund clients
- Perform price verification and prepare sign-off packages
- Monitor compliance with various client service agreements
- Oversight and preparation of complex ‘Net Asset Value’ calculations and investor P&L allocations in accordance with Service level agreements and internal controls
- Keep and maintain financial records (balance sheet, general ledger entries and profit & loss statement) including accrual reconciliations versus external sources, review cash, trade, position and dividend reconciliations from other internal departments
- Monitor and bookkeep the activity in the Fund, covering corporate actions, income and expenses, fees, capital transfers and performance fees
- Monitor compliance of various agreements with the clients
- Work with all team members to improve product quality and consistency
- Lead migrations and new fund launches to successful completion
- Train and support team members in their development
- Operate as a contact point for clients; able to respond to and resolve queries or escalate where necessary
- Maintain detailed knowledge of investment process and products to effectively respond to Investment Manager queries
- Act as liaison with various internal/external parties – e.g., Auditors, Brokers, Legal Counsel and Investment Manager
- Assist with ad hoc projects
Qualifications About You:
- You have an accounting/finance background with relevant experience as evidenced by:
- A Bachelor’s Degree in Accounting, Finance or Economics and
- Demonstrated 1-2 years of work experience at hedge/mutual funds or investment companies fund accounting
- Nearly qualified or completed CA, CMA, CGA, CPA or CFA designation (preferred – not a must have)
- Working understanding of investment strategies and financial products (including derivatives)
- Some successful supervisory/management experience an advantage
- Able to demonstrate that you are comfortable working in an operations model where you have to coordinate and work with various teams
- Excellent written and verbal communication skills
- Demonstrated financial reporting, analytical and organizational skills
- Strong Office and Outlook skill set (especially Excel)
- Proven ability to work in a challenging and professional work environment
Our Benefits Your well-being is of paramount importance to us, and central to our success. We provide a range of benefits, training and education support, and flexible working arrangements to help you achieve success in your career while balancing personal needs. Ask us about specific benefits in your location.
We embrace diversity, prioritizing the hiring of people from diverse backgrounds. Our inclusive culture is a source of pride and strength, fostering innovation and mutual respect.
Citco welcomes and encourages applications from people with disabilities. Accommodations are available upon request for candidates taking part in all aspects of the selection
About Citco
Our heritage, since founding a civil law notary practice in the 1940s to establishing the Curacao International Trust Company in the 1960s, is built on challenging paradigms and delivering exceptional service within the financial and professional services industry. Today, with more than 6,000 employees in 45 countries, we continue to pioneer award-winning services and technology solutions that meet ever changing markets.
A commitment to investing in people, and proprietary technologies, has resulted in our reputation as the industry's preeminent service provider, reassuring clients that their critical administration functions are in safe hands.
Our thought leadership and ability to quickly navigate complex change means our clients can depend on us as trusted advisors to make informed decisions in response to market conditions.
Our Divisions
Citco Fund Services & Investor Relations CFS is the global leader in services for the alternative investment industry. With over 2,000 funds under administration and net assets exceeding $840 billion, we provide full service fund administration, fund accounting, net asset value calculations, investor relations, and more.
Governance Services Leveraging our extensive global office network Citco Governance Services provides customised solutions, including corporate and global subsidiary governance, secretarial services, financial accounting and reporting, tax and audit liaison, and market entry services.
Banking, Depositary & Custody Services Citco Banks operate in strategic financial centres and provide Institutional and Fund of Funds clients access to the funds universe through multiple communication and online real-time global funds platforms.
Citco Technology Management Through our eight global development centres, Citco Technology Management provides secure infrastructures and develops award-winning technology products that underpin our commitment to service excellence.