Alternative Ops Fund Accounting – Assistant Vice President
State Street
APAC/Oceania, India, Hyderabad
Oops! You need to have an account to use this feature
Sign up to access features including all filters, job matching, dashboard, apply service, etc.
Compatibility Score
Compatibility Score / Job Matching
This unique feature shows a score indicating how closely this job matches the preferences you set in your profile.
Access to this feature requires signing up.
Salary
$68,825 Per Year
Rank
VP
Responsibility
Functional Tower Lead
Scope
Regional
Workplace
100% in office
Functions
Finance
Reports to
Level
N-2
Travel Max:
0%
Posting Date
07-18-2025
Description
Hedge Fund Accounting, Assistant Vice President will be responsible for NAV delivery, client service, and oversight of global hedge accounting team They will participate and/or lead various projects both client-facing and internal.
Key Responsibilities
- Perform review for cash and portfolio positions daily (including equities, bonds, swaps, options, foreign exchange, futures and other evolving derivative instruments)
- Research and resolve exceptions and issues
- Check if the accrual for income and expenses has been performed daily; validate PnL statement and position market values.
- Review and validate the partner/shareholder allocation calculations, including management and incentive fee calculations
- Review NAV packs as First level reviewer/Second level reviewer and sign off to client/stakeholders.
- Manage the day-to-day activities of a functional/oversight team by monitoring, reviewing and validating all daily activity to ensure accuracy and timeliness in calculations and processing, as well as adherence to controls.
- Act as the primary contact and key escalation point for operational issues, as well as provide technical expertise to resolve daily problems.
- Manage and escalate issues related to BU Shared Services and COE’s. Manage departments overtime budget effectively, indirectly responsible for other department budget matters.
- Ensure appropriate records of daily and monthly activities are kept. Assist with compliance/fiduciary reviews, controls, and audits as needed.
- Establish and maintain files, including highly confidential and sensitive information, which pertains to clients and division/corporate operations, as well as short/long-term strategies, budgets, etc.
- Assess impacts of regulatory changes. Identify and implement consistent operational best practices. Organize Shared Service internal meetings and compiles related documentation, assisting with the coordination and development of the agenda and may attend meetings to record notes and action items.
- Coordinate the implementation of new funds, systems and processes as well as assists with client conversions and other client projects.
- Train, develop and motivate new staff, as well as complete performance appraisals. Provide staffing recommendations by interviewing new personnel and making effective hiring decisions.
- Serve on committees and help define and implement new company initiatives.
- Provide coaching and development opportunities to staff, participate in individual on-going training and development. Has accountability and responsibility for completing and delivering performance appraisal on time.
- Make effective recommendations to hire, discipline, control work and terminate employment. Make effective recommendations for promotions, salary increases and bonuses.
- During the course of normal day to day operations, responsible for identifying any unusual or potentially suspicious transaction activity and must report and/or
- Commercial acumen – Understanding of cost/budgets (Officer level), Lead/drive the same
- Taking accountability of end-to-end outcomes as an enterprise, collaborating across functions/business and locations
Qualification & Requirements
- Bachelor’s Degree in Commerce / Economics with a specialization in Business,
- Accounting, Finance or equivalent experience preferred
- Highly proficient with Microsoft Office Products (Excel, Word)
- Demonstrated managerial, leadership and decision-making abilities
- Excellent communication, organization, interpersonal planning, and analytical skills
- Ability to effectively bring individuals from multiple areas together to resolve identified issues.
- Should have exposure to trading instruments like Equities, Options, Bonds, Futures, Spots and Forwards, Bank Debts and Credit Default Swaps (CDS)
- Should have knowledge of Corporate Actions, Income & Expense accruals, SEC Yields, Distributions, NAV calculations etc.
- Should have prior Fund accounting experience including General Ledger analysis and reconciliation.
- At least 5+ years of related Hedge Fund Accounting experience, part of which must have been in a management or supervisory capacity. (Overall experience of 12+ years.
- Knowledge of securities language and legal requirements.
- Good interpersonal, organizational and management skills.
- Solid understanding of operational functions within Hedge Fund Accounting.
- Ability to provide technical expertise to resolve daily problems.
- Demonstrated computer proficiency and working knowledge of various software applications.
- Ability to develop and enhance client relationships.
Benefits
- Insurance Benefits
- Retirement Benefits
- Vacation Policy
- Other Perks and Benefits…
Company Profile
State Street
Industry
Financial Services
Revenue
$18.37B
Employees
46,448
Fortune 500 Rank
#225
Global 500 Rank
NA
Clicking the link below will open a new window in your browser where you can apply directly to this role. Please check out our Pricing Plans if you’d like us to apply to jobs on your behalf.
