Harmonic is one of the largest independent fund administrators, delivering a range of services and technology to private debt, hedge funds, fund of funds, private equity funds, private banks, pension funds and family offices. With our experienced professionals and technology, we support a dynamic and complex industry characterized by new financial products, trading strategies and capital markets. Harmonic is service oriented and technology intensive providing comprehensive services and software that include operations outsourcing, custom development and technology for global investment managers. We are currently accepting applications for the position of Senior Manager - Fund Accounting The Senior Manager - Fund Accounting will be responsible for a full range of activities, which ensure 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 Senior Account Manager 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.
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 a periodic 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 Take 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 preparation of fund audited financial statements prepared by team members and sign off for release to client Managerial Responsibilities Training of Managers Conduct performance reviews for direct reports Assist with forecasting of team growth and recruitment process
Qualifications: A university graduate with a professional accounting qualification (CA, CPA, CGA, CMA or equivalent) Experience: 7+ years’ experience in a similar or combined role working with complex securities and derivative products of which at least 2 must be at a Manager level Knowledge: 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
o Hours: 8:30am – 5:30pm Monday to Friday o Job Type: Full-Time permanent position o Location: Full time in office – Cayman Corporate Centre
19 days remaining
