Asset Management – Team Lead Product Control recruitment
JOB TITLE:VP, Team Lead Product Control
REPORTS TO:Head of Product Control
BACKGROUND:
X is a global diversified asset management group with a focus on convertibles, asset backed securities and credit portfolios. We manage hedge funds, loan products and long only funds with regulated investment operations in London, New York and Hong Kong.
MAIN PURPOSE
The firm is expanding quickly and has a requirement for an experienced qualified accountant for the Product Control area with responsibility to control the net asset value of the funds and to further improve and develop the control framework. This role would particularly suit someone with previous experience in the banking and/or hedge fund industry, wishing to further develop a career path to a CFO or Head of Product Control role.
The individual will be expected to gain an understanding of the products traded and of the various corporate and fund structures employed to achieve investment results. The role would suit an individual with a desire to become involved with all aspects of the business at all levels and to use their experience to develop and expand the existing product control framework.
SPECIFIC RESPONSIBILITIES:
*Review and analyse fund profit and loss accounts and pricing on a daily basis and report performance.
*Calculate Net Asset Value (NAV) of funds on a daily, weekly and monthly basis and check accrued income and expenses.
*Liaise with the fund administrator/s to reconcile final fund NAVs.
*Review foreign exchange exposures and report to the asset managers, highlighting any hedging requirements.
*Review reconciliations between custodians, prime brokers and fund management system and arrange investigation and/or correction of breaking items.
*Provide ad hoc reports to the asset managers regarding performance and historic trading analysis.
*Attend meetings with administrators and pricing committees.
*Review existing systems / procedures / MIS to identify areas of possible improvement.
*Participate in ad hoc projects relating to system / procedure improvements.
*Assist in various streams of project work as delegated by line manager
PERSON SPECIFICIATION:
The following skills and experience are considered essential for this role:
*Strong academic background required.
*Internationally recognised professional accounting qualification
*Previous experience within a banking or hedge fund environment (eg through work experience)
*High degree of numeracy and attention to detail
*Proficiency with Microsoft Excel
*Excellent organisational skills and ability to be proactive
*A flexible approach to work both in terms of time management and dealing with priorities
*An ability to work efficiently as an individual in addition to contributing positively to a strong team environment and team goals
*High level of enthusiasm and willingness to learn
The following skills and experience are considered desirable for this role:
*Significant Fixed Income product knowledge
The following personal attributes are considered essential for this role:
*Enthusiasm and desire to fulfill team objectives
*Strong interpersonal/relationship building skills
*A lateral and intuitive and analytical thought process
*Flexibility and ability to multi task