Fund Accounting & Administration, Associate 2
Job Overview
Job title: Fund Accounting & Administration, Associate 2
Job description: Who we are looking for
Under the supervision of an Officer, the AIS NAV Specialist, Associate 2, is responsible for the calculation of the daily, weekly or monthly net asset value for various Hedge fund clients. The position is also responsible for coordinating with other service teams in order to provide full service fund administration services to our client base.
Join us if making your mark in the financial services industry from day one is a challenge you are up for.
Why this role is important to us
The team you will be joining is a part of our State Street Alternatives operation. We are a recognized industry-leading provider of fund accounting, fund administration and risk services to alternative investment fund managers. These services are fully integrated to provide complete end-to-end solutions that span the front-, middle- and back-office requirements of institutional investors.
What you will be responsible for
As an AIS NAV Specialist, Associate 2 you will
- Prepare daily, weekly and/or monthly Net Asset Value (NAV) calculations for their assigned funds
- Review cash reconciliations daily (no unresolved discrepancies)
- Review portfolio position reconciliations daily (including equities, bonds, swaps, options, fund of funds, foreign exchange, futures and other evolving derivative instruments)
- Review and ensure all positions are priced correctly daily
- Prepare the partner/shareholder allocation calculations, including management and incentive fee calculations
- Perform research and resolution on exception items; escalate unresolved issues to management as needed
- Proactively share new ideas to support process improvement and changes to team processes
- Communicate effectively with others and seek clarifications where required
- Demonstrate progression of process knowledge and understanding of all relevant functional activities in the team
What we value
These skills will help you succeed in this role
- Works co-operatively with others to achieve team goals.
- Strong analytical skills
- Strong work ethic – flexible and adaptable
- Self-motivated with a passion for learning and growth
Education & Preferred Qualifications
- Bachelor’s degree or equivalent work experience in a related field.
- 1-2 years of experience in alternative/fund accounting or related experience
- Knowledge and proficiency with Geneva would be a plus
- Excellent communication and interpersonal skills
- Excellent computer knowledge and proficient with Microsoft Office Suite (Outlook, Excel, Word, PowerPoint).
About State Street
What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.
Work, Live and Grow We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.
Inclusion, Diversity and Social Responsibility.
We truly believe our employees’ diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.
State Street is an equal opportunity and affirmative action employer.
Discover more at StateStreet.com/careers
Company: State Street
Expected salary:
Location: Toronto, ON
Job date: Sat, 01 Oct 2022 04:30:07 GMT
Job Source: Careerjet.ca