Subject Matter Expert Reconciliation-L3
1 Year ago • 5 Years +
Job Description
The Fund Services team is seeking a Subject Matter Expert Reconciliation-L3 to manage accounting and operational processes for a global client base. Responsibilities include performing trade affirmations/confirmations, daily middle office trades, position and cash reconciliations, booking corporate actions, options exercises/assignments, and equity SWAP/ISDA position reconciliations. The role also involves month-end booking of stock borrow and swap financing P&L, daily reconciliation of position, P&L, and cash balances, setting up non-trading accruals and expenses, and shadow fund accounting with monthly trial balance reconciliation against Fund Administrators. Proactive break resolution and communication with third parties are also key. The ideal candidate will have experience in middle/back-office support at a hedge fund, fund administrator, or prime broker, knowledge of various financial products, fund accounting experience, and proficiency in Microsoft Excel and Word. The ability to manage multiple tasks and work independently is required, along with a willingness to work in shifts.
Good To Have:
- Experience in reconciliation, accounting, or finance
Must Have:
- Middle/Back-Office support experience
- Financial product knowledge (Structured Products, MBS, CDS, IRS, TRS, Bank Loans, CFDs)
- Fund Accounting experience
- Proficient in Microsoft Excel and Word
- Ability to handle multiple tasks
- Ability to work independently
- Willingness to work in shifts
Job Summary:
In this role, you will be part of a talented and efficient Fund Services team that works on mission-critical projects within middle and back-office operations. You will manage various accounting and operational processes on behalf of our global client base while maintaining transparent communication with our clients and their fund administrators and trading counterparties.
Responsibilities
- Perform Trade Affirmations/Confirmations
- Perform daily Middle office Trades, Position and Cash Reconciliations
- Booking of corporate actions, Option Exercise/assignment
- Daily reconciliation of Equity SWAPs, ISDA position recs,
- Month end booking of Stock borrow and Swap financing P&L at position level
- Daily Reconciliation of Position, P&L and Cash balances
- Set up and booking of non-Trading accruals and expenses
- Shadow Fund Accounting - Monthly Trial Balance reconciliation (NAV) against Fund Administrators
- Proactive break resolution - 3rd party communication related to break resolution
Required Skills
- Experience in Middle/Back-Office support role at Hedge Fund, Fund Administrator or Prime Broker
- Should have worked with various financial products such as Structured Products, MBS, CDS, IRS, TRS, Bank Loans, CFDs etc.
- Fund Accounting experience
- Proficient in the use of Microsoft Excel and Word
- Ability to handle and prioritize multiple tasks and work independently
- Willing to work in shifts including APAC and EMEA
Education and Experience:
- Bachelor's degree in accounting, Finance, Business, Mathematics, Sciences, or another related field.
- 5+ years of directly applicable experience (reconciliation, accounting, or finance)
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