Fund Accounting -senior Associate Job in State Street Corporation

RESPONSIBILITIES:

Undertake the following, with a goal of 100% accuracy, timeliness and completeness:

Calculate and validate a daily and/or weekly and/or monthly Net Asset Value (NAV) for your assigned funds

Assist and train others in your team with their NAV calculation and problem resolution

Design and implement operational efficiencies

Reconcile cash daily (no unresolved discrepancies)

Reconcile portfolio positions daily (including equities, bonds, swaps, options, foreign exchange, futures and other evolving derivative instruments)

Accrue income and expenses daily

Analyze and validate traders' profit and loss statement daily

Analyze and validate position market values daily

Post accounting entries to the general ledger daily

Review and validate the partner/shareholder allocation calculations, including management and incentive fee calculations

Research and resolve differences between accounting and trade entry systems daily

Lead/assist with month-end close process

Lead/assist with enquiries related to the annual audit

Lead/assist with periodic financial reporting for Hedge Funds (i.e. Statement of Assets and Liabilities and Statement of Profit and Loss)

Lead/assist with preparing other ad hoc financial reports as required

Review and understand the fund's offering memorandum and verify that the offering memorandum agrees to fund set up and ensure that ongoing operations adhere to offering memorandum details