Analyst, hedge fund operations and accounting recruitment
About the Company: Located in Irvine, California, Pacific Alternative Asset Management Company®, LLC ("PAAMCO®") is an independent hedge fund of funds investment firm dedicated to offering strategic alternative investment solutions to the world's preeminent sophisticated investors. Founded in March of 2000, PAAMCO manages approximately $8.6 billion in customized portfolios of hedge funds with a focus on the following broadly defined strategies: equity market neutral, convertible bond hedging, fixed income relative value, long/short credit, long/short equity, event-driven equity, distressed debt and opportunistic. PAAMCO's clients include large public and private pension plans, foundations, endowments, and financial institutions.
PAAMCO has adopted a unique organizational structure consistent with both its entrepreneurial spirit and company culture, allowing employees to grow professionally while also working directly with all levels of management across many functions within the organization. A business casual work environment is offered along with an outstanding benefits package which includes: medical and dental insurance, 401(k) matching program, meals and gym membership. The firm employs 129 individuals full-time and operates satellite offices in London and Singapore.
Separate Fund Platform Description: The Separate Fund Platform (SFP) consists of multiple portfolios of securities (i.e., separate accounts) that are incorporated or “wrapped” into a comprehensive fund structure. Each portfolio is sub-advised by a hedge fund manager selected by PAAMCO’s Investment Group. The SFP Operations Group of seven oversees the operations of the platform, including the hiring of all third party service providers.
Job Description: The Analyst reports to the Manager of Audit, Valuation and Tax and is accountable for SFP daily operations. Broad responsibilities include operational management of the platform’s Subadvisers, prime brokers and administrator.
One Analyst is assigned to cover each Segregated Portfolio (SP). The analyst covering the SP will review the portfolio on a daily and monthly basis and be the most familiar with the SPs structure, strategy and portfolio.
Position Details:
- Review daily investment risk reports to verify that each manager is in compliance with its investment guidelines. Address any issues in collaboration with the managers, PAAMCO’s Investment Group and Risk Team.
- Ensure that Subadvisers are in compliance with terms of governing prime brokerage, administrative and Subadvisory agreements.
- Establish, monitor and enforce procedures and controls for SFP operations.
- Review trade, position, cash reconciliation reports, trading activity and PL for each portfolio on a daily basis.
- Review and sign-off on monthly NAV calculations.
- Serve as contact for internal groups relying on SFP-related data.
- Assist the Manager of Audit, Valuation, and Tax to manage the audit (including the production and review of financial statements).
- Assist the Manager of Audit, Valuation, and Tax to research and implement new accounting pronouncements.
- Assist the Manager of Audit, Valuation, and Tax to monitor adherence to the Pricing Policy.
Job Requirements: Seeking a detail-oriented CPA (or individual working towards it) with exceptional communication and organizational skills. The ideal candidate will possess a solid background in hedge fund operations, administration and/or accounting with detailed understanding of trading, settlement and portfolio valuation. Experience in compliance or with separate accounts a plus. Candidate must be motivated to work in a team-oriented environment requiring self-motivation and adaptability. A minimum one to two years of relevant industry experience is required.