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.
JOB SUMMARY
The Assistant Manager – Fund Accounting will be responsible the Fund Administration of complex investment funds, including portfolio valuation and Net Asset Value ("NAV") in a reviewer role; reviewing and assisting with the preparation of the financial statements; liaising with investors and investment managers as well as assisting with systems development and other ad hoc projects as required. In addition, other responsibilities will include client relationship management, new business integration, assisting with the training of Fund Accountants, and meeting the very tight reporting deadlines and demanding obligations of our clients. 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 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
Client Relationship Management
Liaise with clients, investors, investment managers and other stakeholders as needed
Reporting
Prepare and/or review monthly, quarterly and annual financial reports
Assist in the preparation and/or review of group-level reporting
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
New Business
Acquire or assist in new business conversions and reconciliation
Financial Statements
Monitor and ensure that the AML checks are being carried out in accordance with the procedures and legislation in force. This includes compliance with the Performance of general administration relating to private equity funds
Managerial Responsibilities
Assist with the training of Fund Accountants and Senior Fund Accountants.
Conduct performance reviews for direct reports
JOB QUALIFICATIONS
A university graduate with a professional accounting qualification (CA, CPA, CGA, CMA or equivalent)
3+ years’ experience in a similar role working with complex securities and derivatives products
Knowledge, Skills & Abilities Required
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
A sound working knowledge of all Windows applications and ideally, knowledge of fund accounting applications
Self-driven attitude and a strong work ethic
Demonstrate a keen attention to detail
Excellent interpersonal skills and strong team orientation
Experience of relationship management and client service
Excellent time management, organizational and prioritization skills
Excellent communication skills, both verbal and written
SALARY and BENEFITS
Salary USD$ 97,000 to $ 125,000 per annum
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
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
