HedgeServ is a leading global fund administrator with more than $450 billion in assets under administration across all investment vehicles including Hedge Funds, Private Equity Funds, UCITS, Hybrid Credit Managers, Funds of Funds and Managed Account Platforms. We optimize our clients’ experience using unique proprietary technology coupled with robotic process automation, intuitive digital programs powered by machine learning, and enhanced by an extensive proprietary transaction data set. HedgeServ’s entrepreneurial and innovative spirit cultivates a productive and agile environment enabling its team to anticipate clients’ needs and consistently deliver solutions in real time. Led by the most experienced team of industry experts, HedgeServ with 1,500+ professionals around the globe expertly provides customizable solutions for their clients’ risk, portfolio management, middle office, investor relations, accounting, regulatory, compliance, and tax services. Since its inception in 2008, HedgeServ has received numerous accolades, including Top Overall Administrator and #1 rankings for Fund Accounting, Reporting & Reporting Technology, Client Service, Investor Services, Alternative Fund Expertise, and Regulatory Expertise.
HedgeServ is a progressive company with continuously evolving ways of working to ensure a future-focused mindset. Our employees benefit from a robust career development framework and clear learning paths which outline career trajectory, training and progression plans. HedgeServ supports employees through a variety of offerings, including remote and hybrid working arrangements, and fully paid comprehensive health and well-being benefits. HedgeServ was recognized as a Next Gen employer by RippleMatch on its list of 100 top workplaces for Generation Z for 2022. HedgeServ operates 13 offices in the United States, Grand Cayman, Ireland, Poland, Bulgaria, Luxembourg, Philippines and Australia.
Job Description
A Private Equity Sr. Associate is required to execute their role within the guidelines and procedures provided by HedgeServ and under the supervision and guidance of a Private Equity Supervisor and Manager. The Private Equity Sr. Associate will receive the requisite Induction Training in addition to both compulsory (AML/KYC) and optional training. Additional client-specific training will be provided by the Private Equity Supervisor and or Manager.
Role Responsibilities
The below list is not finite and may be added to. The combination of tasks required to be executed will vary depending on both client structure, client requirements and business needs and will include:
Capital Call and Distribution Processing
Ensure all aged items on cash and position reconciliations are resolved in a timely manner
Preparation of net asset value calculations and financial statements
Fee calculations and profit and loss allocations
Waterfall creation and maintenance
Performance reporting including IRRs
Ad hoc client and investor reporting
Assist in the audit process to help ensure the timely and successful completion of fund audits
Supervise a team of up to four Private Equity accountants facilitating their ongoing development
Resolve fund accounting enquiries escalated by the Administrator
Assist in managing client relationships involving interaction with both the client and the and management to ensure consistency of service
Develop and improve workflows and procedures
Play a role in client onboarding and transitions
HedgeServ operates a client focused structure which provides a wide range of experience to all levels of employees. As such a Private Equity Sr. Associate should be flexible and willing to adapt.
Pre-requisite Knowledge, Skills and Experience
1-4 years’ experience working in the Finance sector. Advantage if either at an Administrator, Auditor, or Investment Manager
Private Equity experience is not required but is a plus
Hedge fund experience is an advantage
Accounting, Economics, Finance, Mathematics 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
Positive attitude and willingness to learn HedgeServ proprietary systems
Strong verbal and written communication skills
Strong attention to detail and well organized
Strong analytical and problem-solving skills
Ability to be flexible and work effectively both within a team structure or independently
Ability to positively influence team morale
Ability to coach and mentor junior employees and share knowledge and information across the team
Act as a role model for HedgeServ
The salary range for this role is $80,000-$95,000. Specific salary will be determined based on education, experience, and skill set of the individual selected for this position.
