About Citco
JOB DESCRIPTION
The market leader. The premier provider. The best in the business. At Citco, we’ve been the front-runner in our field since our incorporation in 1948 led to the evolution of the asset servicing sector itself. This pioneering spirit continues to guide us today as we innovate and expand, push beyond the boundaries of our industry, and shape its future. From working exclusively with hedge funds to serving all alternatives, corporations and private clients, our organization has grown immensely across asset classes and geographies. For us, this progress is a pattern that we’ll only maintain as we move forward, always prioritizing our performance. So for those who want to play at the top of their game and be at the vanguard of their space, we say: Welcome to Citco.
About The Team & Business Line
Fund Administration is Citco’s core business, and our alternative asset and accounting service is one of the industry’s most respected. Our continuous investment in learning and technology solutions means our people are equipped to deliver a seamless client experience.
Responsibilities
Your Role:
- Prepare Daily Flash Profit & Loss for clients (Hedge Funds, Private Equity, hybrid structures) that trade various securities including fixed income, equities, commodities, FX, bank debt and listed and complex derivatives product types.
- Analyze various portfolios that are traded on a daily basis applying different trading strategies and understanding the pricing of listed and complex derivatives product types.
- Analyze daily price variances and P&L movements and explain these changes to clients
- Verify prices at month end that include listed and OTC securities with varying degrees of complexity
- Review and analyze monthly changes in P&L and Price Variances
- Understand and explain the P&L effects of open items with the clients
- Analyze P&L effects due to the processing of corporate actions for daily and monthly clients
- Work with Operations and Back Office Analysts within Citco on any open issues
- Work with Citco’s Risk Group and Citco’s Market Data Group to ensure proper P&L capture and risk management reporting
- Oversight and preparation of complex ‘Net Asset Value’ (NAV) calculations and investor P&L allocations in accordance with Service level agreements and internal controls
- You will form part of a professional team responsible for maintaining the books and records of the funds and preparing fund financial reports and investor allocations.
- Work with all team members to improve product quality and consistency
- Train and support team members in their development
- Operate as a contact point for clients; able to respond to and resolve queries or escalate where necessary
- Maintain detailed knowledge of investment process and products to effectively respond to Investment Manager queries
- Act as liaison with various internal/external parties – e.g., Auditors, Brokers, and Investment Manager
Qualifications
About You:
- 1-5 Years in Financial Services with an exposure to P&L Reporting and analyzing portfolio’s P&L
- BS or BA in Accounting/Finance/Economics
- Strong financial product knowledge; both Domestic and Global security markets
- Knowledge of fixed income/derivative products, financial models a plus
- Exposure to Price Verification techniques using independent sources
- Excellent written and verbal communication skills a must
- Demonstrated financial reporting, analytical and organizational skills
- Strong Customer Relationship skills
- Knowledge of Hedge Funds
- Strong understanding of Excel and Outlook
- Certified Financial Analyst (CFA), Certified Public Accountant (CPA) or Master’s Degree in Accounting/Finance/Economics is preferred
- Proven ability to work in a challenging and professional work environment
- Flexibility, adaptability, able to solve problems independently
Please Note: This position will not manage people. This position is located in Financial District, San Francisco, CA.
Our Benefits
Your well-being is of paramount importance to us, and central to our success. We provide a range of benefits, training and education support, and flexible working arrangements to help you achieve success in your career while balancing personal needs. Ask us about specific benefits in your location.
We embrace diversity, prioritizing the hiring of people from diverse backgrounds. Our inclusive culture is a source of pride and strength, fostering innovation and mutual respect.
Citco welcomes and encourages applications from people with disabilities. Accommodations are available upon request for candidates taking part in all aspects of the selection.
Citco is an Equal Opportunity Employer. It is our policy to make all employment and personnel decisions without discriminating on the basis of race, color, creed, religion, sex, physical disability, mental disability, age, marital status, sexual orientation, citizenship status, national or ethnic origin, and any other protected status
.
NOTE: This job description is not intended to be all-inclusive. Employee may perform other related duties to meet the ongoing needs of the organization.
Salary range - $72,000 - 96,000 USD
