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AIS Hedge Fund Accounting - Associate 2

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State Street

17d ago

  • Job
    Full-time
    Senior Level
  • Accounting & Tax
    Banking & Finance
  • Quick Apply

AI generated summary

  • You need strong financial product knowledge, accounting expertise, NAV process understanding, excellent communication, organizational and problem-solving skills, a degree, and 5+ years in financial services. CFA/ACCA is a plus.
  • You will assist in team output, implement Geneva, review NAV packs, manage reconciliations, configure workflows, communicate status, and ensure data integrity for client portfolios.

Requirements

  • Strong understanding of financial products.
  • Strong knowledge on accounting system and NAV valuation E2E process. (IGLS is plus)
  • Confident in produce conversion tie-out per established procedures for different clients. Due to the nature of this project, candidate will contribute to new process initialization and tool creation.
  • Strong interpersonal skills and ability to communicate with NAV teams effectively to resolve any potential issues that might arise during conversion.
  • Strong organizational skills to co-operate with other Geneva project stakeholders to address any technical issues.
  • Strong time management skills – ability to prioritize tasks and perform effectively within strict deadlines.
  • Strong team management skills – ability to implement internal controls with strong risk awareness to mitigate potential issues and prevent reoccurrence. Properly escalate to stakeholders on a timely manner.
  • Strong problem-solving skills – ability to address conversion related queries from internal and external and come up with the solution.
  • Bachelor’s degree or equivalent. Master’s degree a plus.
  • 5 years + working experience in accounting / financial services related environment.
  • Candidate with CFA, ACCA would a plus.
  • Candidate with Advent Geneva experience/Project management experience is preferable, but not necessary.

Responsibilities

  • Assist Leads to drive effective output of team with given timeline
  • Full time production in implementations of Geneva, including software installation, setup and hands-on functional and technical training to India team and all other admin related tasks.
  • Coordinating workflow, completing, and reviewing detailed tie-out NAV pack between two system, which includes:
  • Review cash and position reconciliations, validate new system portfolio pricing
  • Income and expense accrual in line with old system bookings
  • Analyze State Street Hedge Fund Accounting and Operations business and technical requirements.
  • Configure and automate products to optimize workflows.
  • Manage time to maximize agenda and delivery of critical components.
  • Execute on planned implementation tasks to maximize delivery satisfaction.
  • Collaborate with and communicate project status to business team leads and Geneva project managers.
  • Build conversion and system integration mapping tools
  • Upload/migrate historical tax lots and other client portfolio data onto Geneva and ensure data integrity.
  • Assist business teams in the reconciliation process, NAV calculation and reporting using Geneva

FAQs

What are the primary responsibilities of an Associate 2 in AIS Hedge Fund Accounting?

The primary responsibilities include driving effective output within the team, implementing Geneva software, coordinating workflows, reviewing NAV packs, analyzing business requirements, managing project timelines, collaborating with team leads, and assisting in reconciliation and reporting processes.

What qualifications are required for this position?

A Bachelor’s degree or equivalent is required, with a Master’s degree being a plus. Candidates should have 5+ years of working experience in an accounting or financial services environment. Additional qualifications such as CFA or ACCA are a plus, as well as experience with Advent Geneva or project management.

What skills are essential for success in this role?

Essential skills include strong understanding of financial products, knowledge of accounting systems and NAV valuation processes, interpersonal communication skills, organizational and time management skills, team management abilities, and strong problem-solving skills.

Is experience with Geneva software mandatory for this position?

While experience with Advent Geneva is preferable, it is not strictly necessary for this position.

Will training be provided for candidates unfamiliar with Geneva?

Yes, hands-on functional and technical training will be provided to the team, including those who may require additional support with the Geneva software.

How does this role interact with other team members?

This role involves collaboration and communication with various stakeholders, including NAV teams, business team leads, and Geneva project managers, to ensure effective workflow and issue resolution.

What is the work environment like for this position?

The work environment is collaborative and fast-paced, requiring the ability to manage multiple tasks and meet strict deadlines while working closely with various stakeholders.

Is there a specific software or accounting system experience that is preferred?

Strong knowledge of accounting systems and the end-to-end NAV valuation process is required, with experience in IGLS being a plus.

What types of financial services experience are relevant for this role?

Experience in any accounting or financial services-related environment is relevant, particularly roles that involve hedge fund accounting, portfolio management, or investment analysis.

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State Street

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