Job Description

Job Function: Fund Accounting

Department: Client Fund Services

Client Fund Services (Client) provides fund administration services to the world’s leading hedge funds. Client has around 1300+ professional globally and of which, 700+ employees works out of India. Our offices are spread in New York, Dublin, London, Glasgow, Mumbai, Bangalore and Hong Kong.

Client is a wholly owned subsidiary of Client. The parent company, Client, has obtained Financial Holding Company status in the United States. Subsidiaries of Client are subject to the supervision and regulations of the Federal Reserve Bank. Clientis an independent legal and business venture within Client. It provides services on a stand-alone basis, independently from other Client affiliates.


The services offered by Client include:

  • Accounting support including financial reporting
  • Investor Services
  • Tax Services
  • Middle Office support
  • Analytics
  • Corporate Secretary Services
  • StratumSM, investor transparency reporting.


Position Description:

Will work very closely with Account Managers of Client Fund Services (Client) in ensuring proper NAV calculation of their hedge fund clients. They will also act on various requests made by the clients to update their portfolios on Client Portfolio Accounting (Client). Client is the accounting / reporting system of Client. The analyst will also interact with the Account Manager to review accounting and performance related issues.


Primary Responsibilities:

  • Provide Accounting solutions to Hedge Funds for independent valuation, investor transparency and regulatory compliance.
  • Calculation of daily/monthly NAVs.
  • Review Client to custodian reconciliations. Identify and determine cause. Notify Account Manager of breaks. If break is due to an erroneous or missing transaction in Client then make necessary adjustments.
  • Perform middle office functions including P&L analysis, daily cash projections, calculations of FX transfers required for funding, checking client’s contributions & redemptions etc.
  • Review general ledger exceptions. Identify cause and make necessary adjustments.
  • Verify performance by reviewing large P&L swings and analyzing income/expense journals for validity.
  • Adjust activity as necessary for performance (Client) processing and reporting.
  • Responsible for accruing daily or monthly non-security related accruals including management fees, incentive fees and financing accruals.
  • Process non-automated transactions including OTC derivatives and their related cash movements.
  • Perform daily and monthly securities pricing analysis.
  • Validate and process corporate action data.
  • Providing audit support and assistance to funds in the preparation on financial statements.
  • Assistance with compliance functions.
  • Validate capital activities and perform investor allocations.


Skills required:

An Associate is likely to have the following characteristics:

  • An ability to work as part of a virtual team that is spread across different time zones and geographies.
  • An ability to work under pressure and an ability to cope with increased workloads at month-end.
  • Good administrative and organizational skills with a particular focus on accuracy and attention to detail.
  • A number of years prior work experience – preferably in financial services. Knowledge of hedge fund processing is a strong advantage.
  • Looking for a qualified CA/MBA in Finance/CFA
  • An ability to use key financial systems and other IT tools.