Hedge Fund Accounting - Emerging Leader
State Street Corporation
Bangalore, India
6d ago


  • Undertake the following, with a goal of 100% accuracy, timeliness and completeness :
  • Calculate and validate a daily and / or weekly and / or monthly Net Asset Value (NAV) for your assigned funds
  • Assist and train others in your team with their NAV calculation and problem resolution
  • Design and implement operational efficiencies
  • Reconcile cash daily (no unresolved discrepancies)
  • Reconcile portfolio positions daily (including equities, bonds, swaps, options, foreign exchange, futures and other evolving derivative instruments)
  • Accrue income and expenses daily
  • Analyze and validate traders' profit and loss statement daily
  • Analyze and validate position market values daily
  • Post accounting entries to the general ledger daily
  • Review and validate the partner / shareholder allocation calculations, including management and incentive fee calculations
  • Research and resolve differences between accounting and trade entry systems daily
  • Lead / assist with month-end close process
  • Lead / assist with enquiries related to the annual audit
  • Lead / assist with periodic financial reporting for Hedge Funds (i.e. Statement of Assets and Liabilities and Statement of Profit and Loss)
  • Lead / assist with preparing other ad hoc financial reports as required
  • Review and understand the fund's offering memorandum and verify that the offering memorandum agrees to fund set up and ensure that ongoing operations adhere to offering memorandum details.

  • Promote teamwork by training and coaching others
  • Align goals with supporting departments through ongoing communications
  • Communicate with global locations (U.S. / Ireland / Canada / Poland) to maintain and improve best practice for operations and customer service
  • Customers through proactively understanding customer needs and finding solutions to non-standard customer queries
  • Customers and colleagues by developing superior industry knowledge (on accounting developments and new product types)
  • Investment advisors / managers through accurate NAV reporting and responding quickly to queries (with minimal supervision)
  • Prime brokers through accurate, complete and timely reconciliations and responding quickly to queries (with minimal supervision).

  • Initiate, propose and implement improvements to process and operations
  • Ongoing education of leading hedge fund industry developments (review of written materials, discussions with customers and peers)
  • Train new staff on existing procedures and controls and encourage all team members (subordinates, peers and superiors) to innovate
  • Ongoing personal education by attendance at State Street and IFS training sessions (target : 60 hours of training per year)

    Bachelors degree in Accounting, Finance or Economics

  • CFA, CGA, CMA, CAIA or Public Accounting experience a plus.(5-7 Years of experience)
  • Intermediate knowledge of excel and word (minimum requirement)
  • Excellent communication and interpersonal skills
  • Confident and decisive
  • Ambitious and energetic
  • Strong work ethic - flexible and adaptable
  • Can-do attitude with high energy
  • Organized and detail-obsessed
  • Self-motivated with a passion for learning and growth
  • Apply
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