In this role, you will be part of a talented and efficient Fund Services team that works on mission-critical projects within middle and back-office operations. You will manage various accounting and operational processes on behalf of our global client base while maintaining transparent communication with our clients and their fund administrators and trading counterparties. Responsibilities
Adapt to challenges and opportunities within the Outsourced MBO line of business, including a 24-hour delivery cycle with various shifts.
Drive an enhancement of our client’s experience by providing visionary guidance for the department's products and offerings.
Design optimal workflows and standards for facilitating client deliverables across:
A) Middle Office
Daily reconciliation of trades, positions, and cash against Prime Brokers, FCMs, ISDA Counterparties, and Custodians
Proactive break resolution and communication for reconciliation breaks. Responding to break resolution emails from 3rd parties
T+0 trade affirmation.
Facilitating clearing and settlement of trades across asset classes.
Cash and collateral management
Processing of corporate action events
Processing of position lifecycle events
B) Back-Office:
Position, P&L;, and Cash Reconciliation against Fund Administrators
Trial Balance Reconciliations against Fund Administrators
Booking and maintenance of non-trading accrual and expense schedules
Break resolution and Fund Admin communication for reconciliation issues
Shadow accounting at the fund, share class, series, and investor levels
Maintain and improve operational efficiencies across the organization
Ensure the smooth, effective operation of the department including:
Successful on boarding of current MBO Services clients
Compliance to all accounting and operational procedures
Proper daily product and service delivery
Escalation and resolution of high exposure items
Maintaining client satisfaction
Develop and track operational KPIs for the line of business in accordance with objectives for the line of business as well as client SLAs
Assist with improving and automating existing processes to mitigate risk and increase scalability
Proactively monitor and manage capacity and help with forecasting in this area
Required Skills Should have worked with various financial products such as Structured Products, MBS, CDS, IRS, TRS, Bank Loans, CFDs etc.
Fund Accounting experience
Proficient in the use of Microsoft Excel and Word
Ability to handle and prioritize multiple tasks and work independently
Willing to work in shifts including APAC and EMEA.
Education and Experience: MBA preferred or relevant graduate degree from top-tier institution or similar academic / professional experience
10 plus years minimum experience in Middle/Back-Office support role at Hedge Fund, Fund Administrator or Prime Broker preferred.