Account Manager

Responsibilities

• Provide technical support to the Fund Accounting team to ensure all aspects of the hedge fund’s books and records are accurate and meet industry and regulatory standards.
• Perform risk assessment to ensure resourcing for the support of both the current client base and potential future growth is adequate.
• Assess knowledge and skill set of the team to set coverage ensuring that there is a match of technical and client knowledge.
• Act as a partner to the client to develop their business in a controlled way and meet all industry and regulatory requirements.
• Develop and manage a team of fund accountants, including knowledge development, performance review and control.
• Assist in developing the controls and procedures of the fund accounting group.
• Provide accounting solutions to hedge funds for independent valuation, investor transparency and regulatory compliance.
• Review calculation of daily Net Asset Values (NAVs).
• Review accounting functions including P&L analysis, daily cash projections, calculations of FX transfers required for funding, and checking client contributions and redemptions.
• Verify performance by reviewing large P&L swings and analysing income‑expense journals for validity.
• Adjust activity as necessary for performance processing and reporting.
• Perform and review position and value reconciliations, identifying and resolving all breaks.
• Review and reconcile general ledger exceptions.
• Ensure accuracy of non‑security related income and expenditure.
• Account for non‑standard transactions including OTC derivatives.
• Ensure corporate actions are accounted for accurately.
• Perform month‑end control processes, producing a month‑end control pack and signing off, including review of control packs prepared by members of the team.
• Review investor‑level allocations of income and expenses.
• Develop relationships with auditors for the preparation of year‑end financial statements and provision of data to auditors.
• Identify and implement process changes to enhance efficiency.

• Experience:
  
  7–10 years in hedge fund accounting, including team leadership and NAV review.
• Qualifications:
  
  Degree in Accounting/Finance; ACCA or ACA preferred.
• Skills:
  
  Strong technical fund accounting, controls, client and auditor management, and people leadership.