Fund Accounting Manager

At 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 a Fund Accounting Director and Managing 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.

Key Accountabilities of the Role:

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.

• Managing 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.

• Manage and develop client teams of up to 10 employees.

• Address fund accounting enquiries escalated by Supervisor or Administrator.

• Ensure all aged items on cash and position reconciliations 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 issues and support resolution of critical matters as assigned.

• Engage with clients on complex queries.

• Establish and maintain effective working relationships with the Investor Services, Quality Assurance, Client Servicing and Compliance departments within HedgeServ.

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 adapt to changing client requirements and business needs.

A Fund Accounting Manager should be responsible for managing a team of up to 10 staff servicing clients with various requirements and deadlines.

Pre-requisite knowledge, skills and experience

• 5 years’ experience working in a Hedge Fund Administration Firm with at least 3 of those at supervisor 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 English verbal and written 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

• Demonstrates initiative while applying appropriate escalation processes

• Strong systems, product and process knowledge

• Demonstrates consistency in delivering responsibilities and maintaining professional standards

• Support team engagement and effective collaboration

• Demonstrate leadership through team coordination, development, and oversight

• Take responsibility for assigned tasks

• Act as a role model for HedgeServ Ltd

Minimum of 5 years’ experience working in a Hedge Fund Administration Firm with at least 3 of those at supervisor level is desired. Alternative Hedge Fund experience may be considered.

We’re proud to offer a benefits package and workplace culture designed to support your health, career ambitions and life beyond work.

• 🏥 Full private medical insurance so that you can take care of your & your family’s health & wellbeing
• 🛡️Permanent health insurance/income protection as well as Life insurance, so that you can feel secure in any situation
• 💰 Defined contribution pension scheme with competitive employer contributions so you can look after your future
• 🤝 Employee Assistance Programme available to you and your immediate family for support on a variety of matters
• ✅ Competitive annual holiday entitlement so that you can slow down and take some time to rest
• 🎓 Annual professional membership fee reimbursment, e.g. in ACCA, CIMA
• 🎁 Club/gym subsidy so that you can take care of your body after work
• 💼 Discretionary annual bonus scheme
• 💬 Referral Program – do you know someone who would like to join us? Referral bonuses are awaiting you!
• 🏠 Remote/hybrid working opportunities, or from the office
• 🧠 Tuition support for professional qualification exams that are relevant to your role including paid study and exam leave
• 🎉 Sports and Social Club – many team outings, company parties, sports activites and charity projects are awaiting you
• 💻 Support for workplace equipment and programs promoting mental health and wellbeing – because your comfort and health matter to us