Manager - Fund Accounting

Harmonic Fund Services Harmonic Fund Services is an independent financial services firm specializing in the global alternative investments industry. They provide technology and offer investor services, fund administration, risk management, financing, and capital introduction to complex alternative investment strategies. The Manager - Fund Accounting will be responsible for a full range of activities, which ensure the operational effectiveness and assigned client deliverables. This role will be responsible for the provision of accounting, valuation, investor, risk management and corporate administration services for a group of highly complex investment funds, on behalf of a base of challenging institutional clients. The Manager - Fund Accounting will have input into overall information systems design and implementation, help evaluate new and existing technologies to improve productivity, and design and participate in system upgrades. The position will manage multiple projects and team members, while maintaining flexibility in meeting standard reporting deadlines as well as ad-hoc requests.

ESSENTIAL FUNCTIONS

NAV’s

• Review and understand the fund's offering memorandum and verify that offering memorandum agrees to fund set up and ensure ongoing operations adhere to offering memorandum details
• Liaise with investment managers, prime brokers and custodians in relation to trading activity as required for transaction processing and NAV preparation.
• Review the NAV for a portfolio of complex investment funds on either a weekly, bi-weekly, monthly, and/or quarterly basis as specified by the client and as outlined in the administration agreement, which includes, among other things.
• Review all cash items whether portfolio related, capital transactions or from non-portfolio and other income and expense items
• Review three-way reconciliation of cash and assets/liabilities to the investment managers and custodians (frequency depending on trading activity of the fund
• Review independent third-party pricing support where needed (i.e. from Bloomberg)
• Review and validate the partner/shareholder allocation calculations, including management and incentive fee calculations and the allocation of feeder specific income and expenses
• Review Estimated and Final NAV as required

Client Relationship Management

• Responsible for client relationship management and new business integration
• Meet tight reporting deadlines and demanding obligations of clients

Projects

• Assist with taking assigned projects from original concept through to final implementation
• Define project scope and objectives
• Create and maintain project schedules by developing project plans and specifications, estimating time requirements, establishing deadlines, tracking all phases of the project product/service lifecycle, providing timely reporting of issues that impact project progress, coordinating actions, and resolving conflicts
• Conduct project meetings to review established deliverables and deadlines

Business Analysis & Reporting

• Assist in developing tactical and strategic product, services and/or programs to support the organization’s goals (financial, quality, production, customer service, operational efficiency, etc.)
• Review, analyze and create detailed documentation of business systems and user needs, including workflow, program functions, and steps required to develop or modify computer programs
• Develop effective reporting tools for the organization
• Analyze the client deliverables against service standards and best practices
• Prepare routine reports (financial, quality, etc.)

Audit

• Liaise with the fund’s auditors at year end and interim periods to ensure sufficient information is provided to facilitate the timely completion of controls testing and substantive work to the auditors’ satisfaction
• Complete audit confirmation requests

Capital Events

• Review allocations for fund investors
• Review documentation prepared by team members, prior to issue

New Business

• Acquire or assist in new business conversions and reconciliation

Financial Statements

• Review the preparation of fund's audited financial statements prepared by team members and sign off release

JOB QUALIFICATIONS

• A university graduate with a professional accounting qualification (CA, CPA, CGA, CMA or equivalent);
• 5+ years experience in a similar or combined role working with complex securities and derivative products
• High level of expertise and technical knowledge of alternative investment products, the offshore financial services industry, including system technology, portfolio valuation, accounting, share transfer and registration, prime brokerage, financing, and custody.

SALARY and BENEFITS

• Salary UDS$ 113,000 to $ 135,000
• Vacation – 25 days
• Standard Sick & Compassionate per law
• Pension – standard per law of 5% up to cap
• Health – 100% of employee only cost on a premier plan
• Annual discretionary bonus
• Relevant professional qualifications subscriptions covered up to US$1,500 per annum.
• Working hours, Job type, and location
• Hours: 8:30am – 5:30pm Monday to Friday
• Job Type: Full-Time permanent position
• Location: Full time in office – Cayman Corporate Centre