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Hedge Fund Accounting - Manager
State Street Corporation

Hedge Fund Accounting - Manager

Hedge Fund Accounting - Manager
Job Location:  Bangalore
Job Description:  SkillSet: net asset value, fixed income derivatives, hedge funds, general ledger, nav calculation.


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 funds offering memorandum and verify that the offering memorandum agrees to fund set up and ensure that ongoing operations adhere to offering memorandum details


Promote teamwork by training and coaching others

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)


Initiate, propose and implement improvements to process and operations

Ongoing education of leading hedge fund industry developments (review of written materials, discussions with customers and peers)

Train new staff on existing procedures and controls and encourage all team members (subordinates, peers and superiors) to innovate

Ongoing personal education by attendance at State Street and IFS training sessions (target: 60 hours of training per year)


Bachelor s degree in Accounting, Finance or Economics

CFA, CGA, CMA, CAIA or Public Accounting experience a plus

Intermediate knowledge of excel and word (minimum requirement)

Excellent communication and interpersonal skills

Confident and decisive

Ambitious and energetic

Strong work ethic - flexible and adaptable

Can-do attitude with high energy

Organized and detail-obsessed

Self-motivated with a passion for learning and growth

Functional Area:  Finance / Accounts / Tax,Sales / BD
Experience:  5 - 8 years
Qualification:  ("Other in Other")
Salary:  8 Lakh to 12 Lakh INR
State Street Corporation
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Job Ad publication date: 14 May 2021  
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