Associate (Project-based Employment)

Portfolio Operations Team is the center of back office operations wherein the team is responsible for supporting the various trading, investment, client, reporting and reconciliation activities of the firm. Specifically, reconciliation and reporting include cash reconciliation, positions reconciliation, net-asset value reconciliation, performance and returns reconciliation.

In addition to being the liaison between internal groups, the Portfolio Operations Team delivers high quality client service to external business relationships. The client services group helps build scalable investment workflows and assists in the design and implementation of firm-wide projects, operational due diligence, counterparty management and client related activities.

Portfolio Operations is comprised of HFMF Recon, Derivatives Recon, Admin Recon, Mutual Funds Admin, Managed Accounts Admin and Fees and Performance teams. HFMF Recon responsibilities include cash and positions reconciliation for non-derivative funds; market value and net-asset value reconciliation; and Boxed positions reconciliations. Derivatives Recon is responsible for cash reconciliation, positions reconciliation, and EQS reconciliation for funds with derivative products. Mutual Funds Admin is responsible for net-asset reconciliation/admin reconciliation, financial statements review and statement on investor reconciliation for mutual funds. Admin Recon is responsible for financial statements, net-asset value reconciliation/admin reconciliation, investor reconciliation and open items for admins under IFS and HedgeServ. Managed Accounts Admin is responsible for net-asset reconciliation/admin reconciliation, financial statements review, SAS70 review, Custodian NAV entries and custodian deliverables. Lastly, Fees and Performance team is responsible for management fee and performance fee billing, GIPS and HF Accounting related processes and deliverables.

Specific Duties and Responsibilities:

- Prepare, review, and complete assigned operational processes and month-end deliverables within the timelines defined in the work allocation schedule

- Perform daily reconciliation of Admin NAV and Investment Manager NAV for various fund types including UCITS, CIT, Sub-Advised, and Mutual Funds

- Conduct daily reconciliation of Front Office and Back Office Profit and Loss

- Execute monthly reconciliation between Custodian NAV and Investment Manager NAV, identifying and resolving discrepancies in a timely manner

- Investigate and resolve reconciliation breaks by coordinating with internal teams and external stakeholders

- Escalate unresolved issues appropriately and ensure proper documentation of reconciliation activities