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

As a top-ranked, rapidly growing independent fund administrator, HedgeServ has new exciting internship placement opportunities for talented accounting, business, and finance students to be part of our Culture of Excellence.

Our aim within the programme is to develop and motivate top students as Fund Accountants by building challenging roles for them; helping them develop valuable skills; and giving them direction in their future career choices. Everyone collaborates and shares ideas, supporting each other as they develop in their roles.

As a Fund Accounting Intern, you will be responsible for the execution of challenging tasks within the Fund Accounting department. You will work within the guidelines and procedures provided by HedgeServ and under the supportive supervision and guidance of a Fund Accounting Supervisor and Fund Accounting Manager. You can expect to be seen as a key member of the team, involved in all matters.

Integral to the Fund Accountant Intern’s role, is the reconciliation, trade capture, processing of corporate actions and pricing. You will be required to perform these core tasks accurately and in a timely and efficient manner. Every Fund Accountant will receive excellent Induction Training, in addition to both compulsory training as well as technical and personal development.

HedgeServ operates a client focused structure which provides a wide range of experience to all. We focus on adding value to our clients every day. We have a very active Sports & Social club which organizes regular team events such as soccer leagues, bowling, paint club, staff parties and general get togethers, which everyone enjoys. Interns can also get involved in HedgeServ’s Corporate Social Responsibility initiatives and charity work.

Key Accountabilities of the Role

• Assist in the production of daily, weekly and monthly NAV, ensuring completion of specified tasks per NAV checklists
• Perform cash, position and market value reconciliations between HedgeServ, brokers and clients
• Identify and investigate break items on reconciliations in a timely manner
• Escalate fund accounting issues and aged items to the Fund Accounting Supervisor
• Ensure all positions are priced correctly
• Verify corporate actions to ensure accurate processing
• Prepare daily profit and loss reports and review for reasonableness
• Calculate and process income and expense accruals including fee calculations and trading accruals
• Comply with HedgeServ’s defined checklists, procedures and controls
• Assist in the audit process if required
• Attend and participate in team meetings
• Converse and liaise with internal service departments to resolve miscellaneous fund issues
• Ensure pre agreed internal and external deadlines are met consistently

Required Knowledge, Skills and Experience

• Strong academic background with an interest in financial services
• Proficient with technology including having used Microsoft Excel, Outlook and Teams
• Clear communicator, who can articulate their actions, identify root causes, and suggest improved ideas
• You will have analytical mind with problem-solving skills
• You will be attentive to detail, well organised and will be able to work under pressure to tight deadlines
• Effective inter-personal skills
• You will be reliable, dependable and committed
• You will actively contribute as a valuable team player