Senior Fund Accountant, Fund Accounting – Hedge Funds

About Citco

Citco is a global leader in fund services, corporate governance and related asset services with staff across 50 office locations worldwide. With more than $1.8 trillion in assets under administration, we deliver end-to-end solutions and exceptional service to meet our clients’ needs. 

For more information about Citco, please visit www.citco.com 

About the Team & Business Line: 

Fund Administration is Citco’s core business, and our alternative asset and accounting service is one of the industry’s most respected. Our continuous investment in learning and technology solutions means our people are equipped to deliver a seamless client experience. 

As a core member of our Fund Accounting – Hedge Funds team, you will be working with some of the industry’s most accomplished professionals to deliver award-winning services for complex fund structures that our clients can depend upon. 

Your Role: 

• You will form part of a professional team responsible for maintaining the books and records of the funds and preparing fund financial reports and investor allocations. 
• Work to global procedures and internal best practices
• Assist and work with a small team of Fund Accountants and local management to service our clients who consist of investment managers and institutional investors within those Hedge Funds
• Perform valuation of hedge fund portfolio holdings
• Provide analysis of fund performance and prepare performance/P&L related reports
• Investigate, communicate and resolve valuation/P&L related issues with hedge fund clients
• Perform price verification and prepare sign-off packages
• Monitor compliance with various client service agreements
• Oversight and preparation of complex ‘Net Asset Value’ calculations and investor P&L allocations in accordance with Service level agreements and internal controls
• Keep and maintain financial records (balance sheet, general ledger entries and profit & loss statement) including accrual reconciliations versus external sources, review cash, trade, position and dividend reconciliations from other internal departments
• Monitor and bookkeep the activity in the Fund, covering corporate actions, income and expenses, fees, capital transfers and performance fees
• Monitor compliance of various agreements with the clients
• Work with all team members to improve product quality and consistency
• Lead migrations and new fund launches to successful completion
• Train and support team members in their development
• Operate as a contact point for clients; able to respond to and resolve queries or escalate where necessary
• Maintain detailed knowledge of investment process and products to effectively respond to Investment Manager queries
• Act as liaison with various internal/external parties – e.g., Auditors, Brokers, Legal Counsel and Investment Manager
• Assist with ad hoc projects

About You:

• You have a Bachelor’s Degree in Accounting, Finance or Economics.
• Nearly qualified or completed CA, CMA, CGA, CPA or CFA designation
• Accounting/Finance background with relevant experience
• Experience at hedge/mutual funds or investment companies
• Understanding of investment strategies and financial products (including derivatives)
• Some successful supervisory/management experience an advantage
• Excellent written and verbal communication skills
• Demonstrated financial reporting, analytical and organizational skills
• Strong Office and Outlook skill set (especially Excel)
• Proven ability to work in a challenging and professional work environment

Salary Range: USD$ 72,000 - 96,000

• Pursuant to the San Francisco Fair Change Ordinance, we will consider for employment qualified applicants with arrest and conviction records

Our Benefits

Your well-being is of paramount importance and central to our success here at Citco. Citco offers a comprehensive and competitive total rewards package to support your career success and personal needs. Your base salary will be determined by several factors such as the role, experience, skillset, market conditions, etc. Furthermore, qualifying positions can participate in an annual discretionary bonus pool based on company profitability and individual contributions. Our comprehensive benefits package includes medical, dental, and vision coverage, short and long-term disability benefits, a retirement savings plan, tuition reimbursement, mental health and wellness support, parental leave, and more. Additional details about our total rewards package will be shared during the hiring process.

At Citco, we take pride in fostering an inclusive culture by prioritizing the hiring of people from diverse backgrounds. Our culture is a source of pride and strength, fostering innovation, mutual respect, and collaboration. We warmly welcome and encourage applications from people with disabilities. If you require any accommodation to make our recruitment process more accessible for you, please let your recruiter know.

As an equal opportunity employer, Citco adheres to making all employment and personnel decisions without discriminating based on race, color, creed, religion, sex, physical disability, mental disability, age, marital status, sexual orientation, citizenship status, national or ethnic origin, or any other protected status. We believe that an inclusive workforce not only enriches our company but also drives us towards greater success.

Please note that this job description is not intended to be all-inclusive. Our employees may perform other job-related duties as needed to meet the ongoing needs of our organization