OPEN POSITIONS
Portfolio Administrator
$10b+ Hedge Fund, NYC
$60-$80K base, bonus up to 30%
Responsibilities include:
• Monthly review of reconcilitation of Trustee reports to investors
• Quarterly review and reconciliation of Trustee payment date reports
• Ability to interpret complex CLO indentures and Bank Loan credit agreements
• Correspond with trustee, accounting department, Administrative Agents & counterparties on post-trade closing activity (i.e. paydowns, interest payments, fees, etc.)
• Reconcile Position and Cash from CLO Trustees to CDO suite daily
• Reconcile Position and Cash for managed accounts to CDO suite
• Reconcile weekly and month end P&L for managed accounts with accounting department
• Reconcile Positions and assist Accounting Department with cash reconciliations for distressed positions held in out Distressed and Multi Strategy Funds
• Work with Analysts and Accounting Department on corporate restructurings of our bank loan positions
• Work with outside auditors and Accounting Department on annual audit of our funds
• Enter agent notices into CDO Suite
• Provide portfolio managers with Projection of upcoming payments and variance analysis to prior payments
• Familiarity with Par/Distressed bank loans. PIK notes, trade claims, warrants and private equity
• Maintain the Moody’s and S&P ratings database for positions in CDO Suite
• AD Hoc Reporting and special projects
Requirements:
• Should have experience with one or more of the following systems: Wall Street Office, CDO Suite, ClearPar, Geneva, Trade Settlement Inc.
• 3 or more years of CLO/Bank Loan experience
Operational Due Diligence Manager
$100b+ Pension Fund, NYC
$100-$150K base, bonus up to 50%
Responsibilities include:
• Conduct operational risk reviews of external money managers (traditional & alternative)
• Pre-hire and ongoing diligence
• Enhance & execute risk-based methodology to select managers for annual reviews
• Enhance & utilize questionnaires and pre-visit material requests
• Enhance template for final reports as needed
• Construct budget and resource requirements to:
Perform on-site diligence visits, Prepare reports, Discuss findings with and recommend action steps as appropriate to investment teams and to management
• Participate in additional operational risk- and internal controls-related initiatives (e.g., broker due diligence)
• Assist in other risk management projects and efforts as needed
• Experience conducting operational risk review of investment advisers (traditional and/or hedge funds) (R)
• Knowledge of regulatory requirements and leading practices for allocations, best execution, trade processing, BCP, IT controls, compliance, valuation, etc.
• Ability to execute a full program including questionnaires, reports, scoring systems, etc.
Requirements:
• 10-20 yrs of ODD experience
Hedge Fund Controller
$500mm Multi-Strat Hedge Fund, NYC
$100-$150K base, bonus up to 50%
Responsibilities include:
• Assist in the continued development of a scalable accounting infrastructure and processes to efficiently manage month end NAV production including monitoring the fund administrator's monthly process, calculating management and incentive fees, tracking and booking all fund expenses and accruals, processing the results from the valuation committee meetings, and reviewing investor allocations and investor statements.
•Assist the CFO with planning and coordinating with the Firm's auditors for the successful completion of the investment entities' and management company's audits and financial statement production. Review and achieve timely completion of K1's for all investors.
• Prepare fixed asset reconciliations and budgets, account for all revenue and expense items for the management companies. Prepare detailed budget reporting for management and fund accounts.
• Responsibility for aggressively managing and improving upon firm policies and procedures for all accounting related functions. Be knowledgeable and up to date on FASB proclamations, Fair Value guidelines, and IASB standards.
Requirements:
• 5-10 yrs Hedge Fund Accounting experience, CPA required
Hedge Fund Controller
$2b+ Credit Hedge Fund, NYC
$100-$150K base, bonus up to 50%
Responsibilities include:
The Global Controller works closely with the Global CFO and is responsible for supervising fund accounting and treasury across all offices. Among other things, the Controller will:
• Supervise a fund accounting team in NY and manage relationship with Citi
Hedge Fund Services.
• Manage annual audits and preparation of K-1s.
• Work closely with the CFO-Asia to coordinate accounting for investment vehicles within
Asia, including ensuring US GAAP is consistently applied across the firm, including
adoption of FAS 157 and FIN 48.
• Manage projects including system implementations, process enhancements and consulting
relationships.
• Provide leadership to all offices, including supervising the treasury and operations
functions throughout the firm and supporting investment analysts as needed.
• Monitor compliance of CLO and review quarterly waterfall payment reports
prepared by trustee.
• Work with the Global CFO and CFO-Asia on firm planning, structuring projects and
enhancements to current firm architecture.
• Participate in investor due diligence meetings and address various reporting inquiries.
Requirements:
• 7-12 yrs Hedge Fund Accounting experience, credit products preferred.
Hedge Fund Tax Director
$10b+ Hedge Fund, Greenwich, CT
$150-$200K base, bonus up to 100%
Responsibilities include:
Generally, this position will be responsible for overseeing/managing the tax compliance process for the firm and working on tax related issues, research and planning projects as they arise. Additionally, this position will be exposed to accounting work for some fund and management related entities as well as other accounting and tax related projects.
Specifically, this position will be responsible for:
• Review of all fund economic and tax allocations prepared by administrator
• Review of all partnership (and related entity) tax returns, K-1's and interim tax estimates prepared by external tax firm
• Liasing with investors on K-1 and other tax questions
• Preparation and review of all other tax filings related to the funds, management company and general partner
• Review of investments for Fin 48 disclosure and internal tax compliance
• Tax planning for funds, management company, and general partner
• Analyzing and answering internal questions related to wash sales, constructive sales, withholding taxes, swap positions, etc.
• Obtaining all tax related documents for fund investments (PFIC; K-1's, etc.) and liasing with the investment's tax counsel as necessary.
Tax review of all private and non-U.S. securities during investment process.
• Liasing with external tax advisors as well as tax authorities, as necessary
• Ongoing review of and compliance with U.S. and non-U.S. tax rules and regulations
• Maintenance and oversight of fund vehicles created for the purpose of making investments. Liasing with tax preparers of these entities
• Review and oversight of management company and general partner (and related entity) taxes (personal and entity)
• Preparation/review of tax projections and cash projections for the management company and general partner.
• Review and generation of Form 1099 for vendors.
• Review and oversight of payroll; 401K; other benefits and employee compensation calculations
Requirements:
• 7-12 yrs Hedge Fund Tax experience from public accounting or a fund.
VP/Manager of Accounting
$1b+ Asset Manager, NYC
$150-$200K base, bonus up to 100%
Responsibilities include:
Seasoned accounting professional responsible for overseeing the day to day responsibilities of the general accounting group. Responsibilities include among others things: review of books and records compiled by third party accounting agent, detailed review of financial statements and preparation of SEC filings, and a variety of other financial reporting functions. Reports directly to the CFO.
Successful candidate will be detail oriented, highly analytical and proactive with respect to identifying and implementing processes to obtain increased accuracy, internal controls and greater efficiencies. Additionally, candidate should be able to flourish in an extremely fast-paced and growing environment.
• Overseeing the monthly closing process.
• Supervising the work performed by the accounting agent and reviewing reconciliations with custodians, stock transfer agents, and other outside vendors.
• Designing and monitoring compliance with internal controls.
• Maintaining budgets including expenses payable and reviewing them with the CFO.
• Financial reporting, including SEC filings.
• Assisting the CFO with monitoring compliance with corporate governance directives.
• Assisting external auditors in the preparation of schedules, analysis and data.
• Assisting the CFO with periodic portfolio evaluations, researching competitive companies and other special projects.
• Preparing presentation data for committees, clients and the board of directors.
• Special projects as they occur.
Requirements:
• 5-12 yrs Financial Services accounting experience.
Accounting/Operations Analyst
$350mm Hedge Fund, NYC
$50-$80K base, bonus up to 25%
Responsibilities include:
Seasoned accounting professional responsible for overseeing the day to day responsibilities of the general accounting group. Responsibilities include among others things: review of books and records compiled by third party accounting agent, detailed review of financial statements and preparation of SEC filings, and a variety of other financial reporting functions. Reports directly to the CFO.
Successful candidate will be detail oriented, highly analytical and proactive with respect to identifying and implementing processes to obtain increased accuracy, internal controls and greater efficiencies. Additionally, candidate should be able to flourish in an extremely fast-paced and growing environment.
• Reviewing daily Cash and position recs from Cito (admin)
• Settling DTC trade issues, liase with CP and PB
• Confirming CDS transactions on dtc
• Cutting daily wires, as needed
• Putting in daily trades and pricing the portfolio
• Running and reconciling the daily pnl and sending daily reports to PMs and Finance group
• Helping close the month end NAV - running cds & bond accrual recs, pricing securities, doing position recs, reconciling financials and putting together the month end binders
• Addressing ad hoc requests from PMs and investors
Requirements:
• 1-4 yrs of public accounting experience
VP - Credit Trading Reporting Manager
Bulge Bracket Investment Bank, NYC
$125-$175K base, bonus up to 30%
Responsibilities include:
As part of the North America Credit Trading Product Control Team the Risk Reporting Team provides daily risk reporting and analysis for the trading desk. Based on the trading floor, the objective of the team is to provide innovative solutions to business problems and act as the primary risk reporting contact for the Front Office and Market Risk Reporting team.
We are looking for an experienced VP to run the team, with 2 direct reports. The candidate will be functionally responsible for managing the Risk reporting team for the Trading Desk.
The Credit Trading business is one of the pre-eminent Credit Derivatives market making desks in the industry and trades a broad spectrum of products including:
• Credit Derivatives
• Asset Swaps
• Credit Linked Notes
• Index Trading
• Credit Spread Options
• Loans
• Bonds
The successful candidate will be responsible for managing a team whose daily responsibilities include:
• Production, preparation and reporting of the daily market risk reports to Trading Desk and Market Risk team.
• Understand, produce and explain daily constituent risk components moves; investigating any issues as needed
• Review with FO to obtain sign-off of Risk. First point of contact for FO.
• Production of daily cross business risk reports for Market Risk Group, and limit excession reports
• Liaison with Market Risk group to help investigate any issues around daily monitoring and review of the MVAR limits and VARS feeds from risk management system.
• Manage data quality of Risk reporting system.
• Drive strategic initiatives on new Global PL and Risk system roll out.
The successful candidate will have a proven track record of implementing and managing change whilst working in a line environment. This person will have experience managing teams of at least 3 people. We are looking for someone who thinks proactively and addresses weaknesses and gaps before they become problematic, and can maintain the high standards of controls that Finance requires. The candidate will be responsible for hiring, training, motivating, and developing the careers of the team members. Main clients are FO management (desk head and business head level), but there will also be face off to Market Risk teams, Senior Finance management, Business Management, Technology/Operations teams etc.
Global Credit Trading Business is in process of rebuilding the Risk and PnL Reporting platform with target completion end of 2010. The successful candidate will, in addition to the daily risk reporting duties, also be responsible for managing and driving this strategic initiative to roll new Global Credit Trading PL and Risk Platform.
Requirements:
• 8-14 yrs of credit product control experience, risk experience a plus.
Controller
$5bb Fund of Funds, NYC
$125-$175K base, bonus up to 50%
Responsibilities include:
• Managing, leading and training the internal finance and operations team (10 team members).
• Managing, leading and coordinating the annual external audits and taxes in both the US and Germany
(approximately 45 legal entities).
• Managing and coordinating the responsibilities of the fund administrators in both the US and Germany.
• Responsible for working with the deal teams, client services and senior management on creating new deal
structures, acquisition and disposing of transactions, analyzing partnership agreement, and summarizing
these transactions and analysis from an accounting standpoint.
• Responsible for identifying issues and presenting long-term solutions to streamline the internal processes
for better operational efficiencies.
• Responsible for the accuracy of the general ledger (Investran) and limited partner reports as well as
possessing a full understanding and accountability of all items on the financial statements, limited partner
reports and limited partnership agreements.
• Foster strong relationships between finance, investment and client services teams globally.
• Develop industry contacts and keep up-to date on industry best practices.
• Report directly to the CFO / COO.
Requirements:
• 7-15 yrs of private equity or FOF experience, investran experience highly desirable.
Fund Accountant
$15bb Hedge Fund, NYC
$65-$85K base, bonus up to 40%
Responsibilities include:
• Prepare monthly journal entries for individual management companies
• Calculate monthly management fees and monthly accrual for incentive fees
• Prepare legal fee invoice allocations to the Fund Group
• Prepare balance sheet reconciliations for accounts as directed by the Assistant Controller
• Prepare bank reconciliations for various General Partner entities and Management Companies
• Assist Controller with preparation of the Executive Committee Book
• Various ad-hoc projects as dictated by Management.
Requirements:
• 1-4 yrs public accounting or private fund experience, 3.4GPA or higher
Fund Accountant
$4bb Hedge Fund, Stamford, CT
$65-$85K base, bonus up to 40%
Responsibilities include:
• Handle the month end close process
• Prepare monthly financial statements including partner’s capital statements, and Funds performance
• Manage the Funds daily cash flows
• Manage the Funds financial covenants
• Prepare fact sheets/reporting summaries for new investment and financing lines
• Handle ad hoc request from management and investment team
• Assist with the interim and year -end audits
Requirements:
• 2-4 yrs public accounting or private fund experience, CPA preferred
VP, Derivatives Product Control
Bulge Bracket Investment Bank, New York City
$125-$150K base, bonus up to 40%
Responsibilities include:
We are currently looking for a strong Vice President to work within the Global Funding Control Group in the Finance department.
The candidate will have responsibility of overseeing the Daily Listed Derivatives Margin p&l process and Daily balance sheet reporting.
The role will manage over the group that performs the Daily P&L and Balance Sheet functions for both Firm and Client Margin. Role will require helping staff provide explanations/answers to questions raised by front office as well as reporting /communicating daily and month results internally within Finance. Leading and involved in Finance initiatives of more global consistently for accounting and reporting funding activities (both internally and externally).
Requirements:
• 7-12 yrs product control experience with derivatives