Manager Fund Accounting – Alternative Investments recruitment
Macquarie Funds Group (MFG) is Macquarie Group's funds management business. MFG is a full-service asset manager, offering a diverse range of capabilities and products including infrastructure and real asset management, securities investment management and structured access to funds, equity-based products and alternative assets. The group had $A324 billion in assets under management as at 30 September 2011.
Macquarie Funds Group (MFG) is Macquarie Group's funds management business. MFG is a full-service asset manager, offering a diverse range of capabilities and products including infrastructure and real asset management, securities investment management and structured access to funds, equity-based products and alternative assets. The group had $A324 billion in assets under management as at 30 September 2011.
MFG has been managing assets for pension funds, institutions and retail investors since 1980 in Australia and 1929 in the US (through Delaware Investments). MFG has global reach, with a team of approximately 1,600 staff in Australia, Asia, the UK, Europe and the US, including US-based subsidiary Delaware Investments.
MFG has the following business divisions:
- Macquarie Investment Management
- Macquarie Infrastructure and Real Assets
- Macquarie Specialised Investment Solutions
As an experienced manager you will be responsible for overseeing the day to day responsibilities of a team of 7 Fund Accountants. Acting as the 2IC to the Head of the Alternatives Assets and Structured Products Fund Accounting team, you will be a key point of contact for the Investment Managers for any issues and new products / funds. In addition it is expected you will have a key focus on risk management and process improvement whilst directly assisting in the development of the team members. Primary team responsibilities include unit pricing, portfolio valuations, fees and call payments.
The MFG Fund Accounting team is responsible for the unit pricing function for over 700 portfolios ranging from Australian Unit Trusts, Cayman, Bermudan and Luxembourg domiciled vehicles, Life Funds, Hedge Funds, Private Equity, Structured Products and Fund of Funds.
The group caters for all types of funds including domestic and international equity funds, domestic and international fixed interest funds, credit funds, commodity funds, cash funds, fund of hedge funds, private equity funds, structured products, currency funds and futures funds with virtually all types of complexities.
Your key responsibilities will include:
- Management of a team of seven Fund Accountants, ensuring daily, weekly and monthly deadlines are achieved.
- Lead by example and provide management support to the team, including performance appraisals, coaching and training of staff
- Establish and build a collaborative relationship with the Front Office, act as the key liaison and escalation point for Investment Managers internal stakeholders
- Take a key role and lead operational projects across the business, this can include process improvements, new fund or product setups
- Ensure that a viable and effective risk control framework is maintained within the team
- Pro-actively challenge current processes and seek out enhancements
- The review and approval of numerous Net Asset Valuations for a group of private equity, structured products and fund of hedge funds
To be successful in this role, you will have proven experience as a people leader, and be comfortable representing the team in dealings with clients both internal and external to Macquarie. High levels of energy and excellent relationship building skills will be required to cultivate a successful relationship with the investment managers and ensure the smooth running of the team on a day to day basis.
Key Skills qualification:
- 5-8 years experience in funds management either gained in a custodian, fund manager or chartered accounting firm. Experience in private equity markets, fund of funds and structured products would be preferred
- Proven team management experience
- Deadline driven with the ability to think laterally and problem solve
- Excellent communication skills both written and verbal
- Strong numerical ability and a high attention to detail
- Finance/Accounting degree with excellent academic results
- Professional qualifications in CA or CPA are required.