Fund Accounting Vice President

HedgeServ is a leading global fund administrator with more than $450 billion in assets under administration across all investment vehicles including Hedge Funds, Private Equity Funds, UCITS, Hybrid Credit Managers, Funds of Funds and Managed Account Platforms. We optimize our clients’ experience using unique proprietary technology coupled with robotic process automation, intuitive digital programs powered by machine learning, and enhanced by an extensive proprietary transaction data set. HedgeServ’s entrepreneurial and innovative spirit cultivates a productive and agile environment enabling its team to anticipate clients’ needs and consistently deliver solutions in real time. Led by the most experienced team of industry experts, HedgeServ with 1,500 professionals around the globe expertly provides customizable solutions for their clients’ risk, portfolio management, middle office, investor relations, accounting, regulatory, compliance, and tax services. Since its inception in 2008, HedgeServ has received numerous accolades, including Top Overall Administrator and #1 rankings for Fund Accounting, Reporting & Reporting Technology, Client Service, Investor Services, Alternative Fund Expertise, and Regulatory Expertise.

HedgeServ is a progressive company with continuously evolving ways of working to ensure a future-focused mindset. Our employees benefit from a robust career development framework and clear learning paths which outline career trajectory, training and progression plans. HedgeServ supports employees through a variety of offerings, including remote and hybrid working arrangements, and fully paid comprehensive health and well-being benefits. HedgeServ was recognized as a Next Gen employer by RippleMatch on its list of 100 top workplaces for Generation Z for 2022. HedgeServ operates 13 offices in the United States, Grand Cayman, Ireland, Poland, Bulgaria, Luxembourg, Philippines and Australia.

Job Description

A Fund Accounting Vice President is responsible for all aspects of the NAV calculation process, reporting to the Fund Accounting Managing Director, they are required to provide leadership and strategic direction for assigned fund accounting teams. The Fund Accounting Vice President contributes to the development and implementation of system, procedural and operational enhancements. They ensure the timely and accurate delivery of NAV calculations. They are key contacts for ad hoc client requests and issues. As a result, a detailed understanding of the service requirements for Hedge Fund Administration is required.

HedgeServ operates a client focused structure which provides a wide-range of experience to all levels of employees. As such Fund Accounting Vice Presidents should be flexible and willing to adapt.

Fund Accounting Vice Presidents should be capable of managing teams of up to 30 staff in total, servicing multiple clients with various requirements and deadlines.

Key Responsibilities:

• Participate in new client meetings, demonstrating HedgeServ software, discussing complex accounting topics and outlining HedgeServ’s solution to their needs with specific focus on fund structures and products traded.

• Work as part of a team of Assistant Vice Presidents, Vice Presidents and Managing Directors, who have ongoing responsibility for developing all aspects of HedgeServ services.

• Understand and be responsible for all aspects of the NAV calculation including fee calculations, profit and loss allocations, accounting for complex financial instruments, documentation review and ad hoc client requests.

• Provide leadership and strategic direction for assigned fund accounting teams.

• Efficiently manage multiple client relationships.

• Ensure the assigned fund accounting team operates within a clearly defined, documented and tested control environment.

• Participate in the continuous development and enhancement of work flows and procedures to reflect the changing control environment.

• Resolve exceptional problems and take on special projects or tasks as assigned.

• Responsible for fund accounting employee recruitment, training and performance evaluations.

• Resolve employee complaints in conjunction with HR and the MD group.

• Responsible for the preparation and review of financial and regulatory reports.

• Develop and maintain relationships between HedgeServ and client brokers, auditors and legal counsel.

• Responsible for new client transitions to the HedgeServ platform.

• Establish and maintain effective working relationships with Investor Services, Quality Assurance, Business Development, Operations and Compliance departments within HedgeServ.

Our requirements:

• Completed bachelor’s degree in business, accounting or finance

• Minimum of 12 years’ experience working in a Hedge Fund Administration Firm at a senior level with at least 3 of those at AVP level. Alternative fund experience may be considered.

• Strong verbal and written communication skills.

• Strong analytical and problem-solving skills.

• Ability to be flexible and work effectively both within a team structure or independently.

• Strong interpersonal skills.

• Good initiative coupled with the ability to identify when escalation is required.

• Reliable, flexible and dependable.

• Ability to positively influence team morale.

• Demonstrate leadership skills.

• Take ownership of designated tasks.

• Act as a role model for HedgeServ.

What we offer:

• Premium Health Insurance

• Life Insurance

• Sports Club Membership

• My Benefit – Cafeteria System

• Competitive Salary

• Active Sports and Social Committee

• Professional environment with great development opportunities

• Training and development in a wide variety of areas to ensure staff are constantly developing and progressing their skills

• Tuition policy with study leave and generous payment of all related fees