Fund Accountant- growing $1bn Hedge Fund

Role details

CassonX are delighted to be the exclusive recruiter for this Global Macro Hedge Fund which is only a couple of years old and grown to $1bn AUM already. The Head Trader, Head of Quant, Lead PM and Head of Ops come from one of the worlds leading alternative strategy asset managers, and where they had a very sizeable launch, and the seed investment locked in for many years, CassonX are thrilled to hire the first dedicate Operations resource for them. Now that the initial pain has passed of setting up the firm and building some track record, as this is a truly growing firm with many front office staff also joining this year, we think this is a fantastic opportunity for someone.

To be considered for this role, CassonX are looking to identify someone who offers Fund Accounting experience, either from a Hedge Fund or Administrator, with a variety of hedge fund structures. In an ideal world you will be a qualified accountant (this is not essential), but it is essential that you have either worked in a hedge fund or directly supported hedge funds from a fund accounting perspective to be considered. The client is renowned for hiring personable people who can present themselves confidently, both internally and externally with senior stakeholders. You will be excited to join a hedge fund in the very early stages, but will appreciate the pedigree of those around them, and the lock in of assets will see it as a relatively safe opportunity. Even though this is a global macro strategy, sound knowledge of exotic and structured Listed and OTC Derivatives is deemed highly advantageous, especially knowledge of Options, Exotic Options and Rates. It is deemed advantageous if your CV also showcases experience of covering trade lifecycles too – if not then a willingness to cover for this expected.

This incredibly broad role will show you all aspects of the Fund Accounting processes and support wider middle office/operations functions too. Sitting directly with the rest of the business some responsibilities include:

• Trouble shooting pricing and valuation issues and maintaining the valuation policy
• Review of the Fund Administrators calculation of the dealing NAV and NAV estimates
• Maintenance of internal shadow NAV and reporting including accurate valuations
• Calculating and instructing Share Class hedges and explain return divergences
• Assist with the annual fund audits and review of the financial statements
• Assist with the preparation and review of investor level tax reporting

Wider Operations tasks when required:

• Daily fund transaction, position and cash reconciliations
• Daily transaction matching and confirmation for all listed & OTC derivatives transactions
• Liaison with traders to ensure timely resolution of trade booking errors
• Interface to Prime Brokers for resolution of matching & settlement issues
• New product set up, testing and analysis, static data management
• Monitoring & reporting of counterparty exposure reporting, collateral, risk management
• Monitoring the funds’ financing terms and taking action to optimize financing
• Maintenance of operations policies and procedures
• Involvement in system enhancements and testing
• Process improvement to generate efficiencies improved controls as the business expands

More information is available to only those who send a relevant CV.

CassonX Limited are committed to providing fair employment opportunities to all applicants. We encourage anyone to apply, regardless of their background, and promote a fair and inclusive recruitment process based on merit. If you require any assistance throughout the interview process to improve your experience, kindly let us know.