AVP Fund Accounting Job in New York, New York US

Reference Code: 11040051
Location: New York, NY, USA
Education Level: Bachelor's Degree
Description

  1. For Fund of Funds:
    1. Accumulation and summarization of portfolio activity from the funds' investment manager, banks, custodians and underlying fund administrators.
    2. Review and recording of cash transactions.
    3. Review and recording of expense activity.
    4. Marking the value of the portfolio to market.
  2. Accumulation and summarization of investor activity from the funds' investor services agent.
  3. Calculation of fund level tax obligations.
  4. Preparation of expense budget analysis and expense calculations.
  5. Determination of the value of the funds and allocation of that value to each investor, including:
    1. New issue income
    2. Side pocket income
    3. Management fees
    4. Incentive allocation and crystallization, incorporating hurdles and preferred returns
    5. Side letter agreements
  6. For unitized funds, calculation of equalization.
  7. Calculation and review the funds' geometric returns.
  8. Coordination of the preparation and distribution of each investor's periodic capital statement.
  9. Preparation of unaudited financial statements.
  10. Preparation and distribution of other recurring and ad hoc monthly reports to internal and external parties.
  1. Maintain a controlled, SAS 70 operating environment that complies with operational standards.
  2. Ensure team is escalating critical issues to Team Leader, Head of Operations and Relationship Management.
  3. Perform timely and regular reporting to Senior Management and Relationship Management.
  4. Act as technical and knowledge resource to the team/business unit.
  5. Work with associates, clients, prime brokers, custodians, auditors and other third parties to ensure that all fund issues are being appropriately addressed.
  6. Understand and manage client expectations in conjunction with Relationship Management and as delegated by the Sec Processing Sr. Manager.
  7. Resolve issues and address high level requests from clients and other third parties in conjunction with Relationship Management and as delegated by the Sec Processing Sr. Manager.
  8. Meet with clients on a regular basis as delegated by the Sec Processing Sr. Manager.
  9. Assess new and existing client relationships to identify new business opportunities.
  10. Liaise with HR to participate in the interview and selection of candidates for open positions.
  11. Hold regular team meetings to encourage associate feedback on all issues.
  12. Provide associates with objectives, hold regular one on one performance feedback meetings and perform formal annual associate reviews.
  13. Participate in the development and periodic review of training programs and facilitate training programs.
  14. Manage staff assignments in conjunction with client deliverables.
  15. Ensure that any team-specific procedures conform and are shared with other teams.
  16. Create, evaluate and revise operational standards.
  17. Create and use quality service measurement tools to ensure compliance with operational standards.
  18. Monitor quality assurance.
  1. Manage the implementation of new clients.
  2. Review offering documents in conjunction with counsel and Relationship Management.
  3. Determine appropriate staffing numbers.