State Street Corporation

Hedge Fund Accounting - Assistant Manager

Job Location:  Bangalore
Job Description:  SkillSet: sales, mis, accounts, tat, banking.


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


Align goals with supporting departments through ongoing communications

Communicate with global locations (U.S./Ireland/Canada/Poland) to maintain and improve best practice for operations and customer service

Customers through proactively understanding customer needs and finding solutions to non-standard customer queries

Customers and colleagues by developing superior industry knowledge (on accounting developments and new product types)

Investment advisors/managers through accurate NAV reporting and responding quickly to queries (with minimal supervision)

Prime brokers through accurate, complete and timely reconciliations and responding quickly to queries (with minimal supervision)

Functional Area:  Finance / Accounts / Tax,Sales / BD
Experience:  2 - 3 years
Qualification:  ("Other in Other")
Salary:  3.0 Lakh to 5 Lakh INR
State Street Corporation
Job Ad publication date: 14 May 2021  

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