Associate Specialist, Fund Administrator, IPS

Major Duties & Responsibilities

• Review monthly fund and legal entity close packages to ensure accuracy and completeness.
• Analyze and report financial data for delivery to clients and their investors.
• Oversee the monthly close process and finalize fund performance and financial results.
• Partner with clients and internal Hedge Fund Services teams to gain a comprehensive understanding of fund activities and transactions.
• Prepare and review fund financial statements in accordance with applicable accounting standards.
• Coordinate directly with external auditors to facilitate annual audits and ensure the accuracy of audited financial statements.
• Serve as a subject matter expert within Hedge Fund Services, leveraging deep functional knowledge to support business operations and client needs.
• Drive operational efficiency initiatives by automating manual processes, enhancing controls, and identifying opportunities to improve system integration and workflows.
• Act as a subject matter expert for HFS proprietary systems, providing guidance on system functionality and capabilities to support business problem-solving.
• Collaborate with shared service teams to resolve complex accounting matters and ensure transactions are recorded in accordance with appropriate accounting principles.
• Research and interpret technical accounting issues related to complex client transactions, new accounting pronouncements, and evolving U.S. GAAP and IFRS requirements.
• Lead discovery and due diligence efforts for new client onboarding initiatives, including gathering requirements, documenting business needs, and testing system enhancements in both integration and production environments.
• Partner with technology teams and external vendors to define and support the development of new functionality and process improvements.
• Engage directly with clients throughout the onboarding, implementation, and discovery phases to ensure successful transitions and ongoing service delivery.

Knowledge, Skills & Abilities

• Strong understanding of hedge fund accounting, financial reporting, and fund administration operations.
• Excellent verbal and written communication skills, with the ability to effectively engage clients, auditors, and internal stakeholders.
• Deep functional and industry knowledge within investment operations, fund accounting, or alternative investments.
• Strong analytical and problem-solving skills with a focus on process improvement and operational efficiency.
• Highly adaptable and able to manage multiple priorities in a fast-paced environment.
• Experience working with financial systems and technology platforms, including enterprise accounting and reporting applications.
• Knowledge of U.S. GAAP, IFRS, and other relevant accounting standards.
• Ability to work independently while providing leadership and guidance on complex issues and initiatives.

Experience & Qualifications

• Bachelor's degree in Accounting, Finance, or a related field required.
• Relevant experience in hedge fund accounting, fund administration, alternative investments, or financial services required.
• Professional accounting designation such as CPA, CA, ACCA, or equivalent preferred.
• Experience working with external auditors, financial statement preparation, and complex accounting matters preferred.
• Prior experience supporting system implementations, process improvements, or client onboarding initiatives is highly desirable.

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