Fund Accounting Manager
HedgeservAt HedgeServ, we’re redefining what’s possible in fund administration. With more than $700 billion in assets under administration, we partner with the world’s most forward-thinking investment managers – across private equity, private credit, endowments, hedge funds and more – to deliver seamless, tech-enabled solutions that drive performance.
Our proprietary platform, enhanced by machine learning and robotic process automation, gives clients real-time insights and unmatched control over their operations. Alongside our technology, we offer award-winning service through our team-based approach -- led by a deeply experienced team of industry experts. Our solutions span the full investment lifecycle, including fund accounting, middle office, risk, compliance, tax, and investor services.
We’re a future-focused company, empowering our people through a robust career development framework, clear career trajectories with structured learning paths, training, and progression plans. We invest in leadership development and in our collaborative culture, creating space for talent to grow. Our corporate values – Relationships, Support, Innovation, and Expertise – create a sense of shared purpose and belonging, and we recognize our employees sit at the core of our success. We continue to innovate and evolve through our employees, working together to achieve our shared vision and mission.
HedgeServ supports employees through a variety of offerings, including remote and hybrid working arrangements, and fully paid comprehensive health and well-being benefits. We’ve been recognized as an employer of choice, earning a top 100 workplaces designation.
Founded in 2008, HedgeServ has grown into a global organization with over 2,000 experts across the globe, with offices in the United States, Grand Cayman, Ireland, Poland, Bulgaria, Luxembourg, the Philippines, and Australia. We’ve earned numerous accolades, including Top Overall Administrator, along with #1 rankings for providing alternative asset services in Accounting, Technology, Client Service, Investor Services, Alternative Fund Expertise, Reporting, and Regulatory Expertise.
Job Description
A Fund Accounting Manager will be required to manage the overall NAV calculation process within the guidelines and procedures provided by HedgeServ and under the supervision and guidance of an AVP and Fund Accounting Director. They will ensure the timely and accurate delivery of NAV calculations. They will assist in the development of client relationships and will require a detailed understanding of the service requirements for Hedge Fund Administration. Every Fund Accounting Manager will receive the requisite Induction Training in addition to both compulsory training (AML/KYC) and optional training. Additional client-specific training is provided by the Director and Managing Director.
HedgeServ operates a client focused structure which provides a wide-range of experience to all levels of employee. As such a Fund Accounting Manager should be flexible and willing to adapt.
A Fund Accounting Manager should be capable of leading and supporting a team of up to 10 employees servicing clients with various requirements and deadlines.
Key Responsibilities:
Build and support client relationships involving interaction with both the client and the relevant Fund Accounting Director to ensure consistency of service
Ensure the assigned fund accounting team operates within the clearly defined and documented control environment
Lead and support client teams of up to 10 employees
Support the resolution of fund accounting enquiries escalated by Assistant Manager or Supervisor
Ensure aged items are addressed in a timely manner
Review daily and monthly NAV calculations
Develop and improve NAV calculation workflows and procedures
Review fee calculations and profit and loss allocations
Review applicable monthly, yearly and inception to date performance
Manage the audit process ensuring timely and successful completion of fund audits including preparation of fund financial statements
Investigate accounting implications of new products
Manage and complete client initialization and transition
Participate in development and presentation of fund accounting training
Manage fund accounting recruitment, training and performance evaluations
Address complex or non-routine matters and take on special projects or tasks as assigned
Handle complex calls from clients
Establish and maintain effective working relationships with the Investor Services, Quality Assurance, Client Servicing and Compliance departments within HedgeServ
Our requirements:
Completed bachelor’s degree in business, accounting or finance
6 years’ experience working in a Hedge Fund Administration Firm with at least 1 of those at Assistant Manager Level is desired
Accounting, Finance, Legal or Business Degree
Intention to actively pursue a professional accounting qualification (ACCA, CIMA, CPA, ACA), if not already started, part qualified or qualified, would be an advantage but is not required
IT Literate
Strong verbal and written English communication skills
Strong analytical and problem-solving skills
Ability to be flexible and work effectively both within a team structure or independently
Strong interpersonal skills
Good initiative coupled with the ability to identify when escalation is required
Reliable, flexible and dependable
Ability to positively influence team morale
Demonstrate leadership skills
Take ownership of designated tasks
Act as a role model for HedgeServ
We’re proud to offer a benefits package and workplace culture designed to support your health, career ambitions and life beyond work.
LuxMed Premium Package
Life insurance and travel insurance
MyBenefit Platform
Employee Referral Program
Remote/hybrid working opportunities, or from the office
100% funding for certifications and postgraduate studies accredited by ACCA, CIMA and IOB
Technical workshops and soft skills training
Sports and Social Club