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 Fund Team members will be required to manage the closed end fund accounting process within the guidelines and procedures provided by HedgeServ and under the supervision and guidance of a Senior member. They will manage 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 closed end fund administration.

Key Accountabilities of the Role

• Assist in the production of monthly and quarterly NAV, ensuring completion of specified tasks per NAV PE checklists
• Calculate and process capital calls, capital distributions and statements for closed-end funds
• Prepare investor P&L allocations and fee calculations as part of monthly and quarterly NAV packages
• Prepare waterfall calculations
• Prepare IRR calculations as required, including Investor IRR and Portfolio IRR
• Perform cash, position and market value reconciliations.
• Escalate fund accounting issues and aged items to the PE Supervisor
• Ensure all positions are priced correctly
• Calculate and process income and expense accruals including trading accruals
• Comply with HedgeServ’s defined checklists, procedures and controls
• Assist in the audit process if required
• Converse and liaise with internal service departments to resolve miscellaneous fund issues.
• Ensure pre-agreed internal and external deadlines are met consistently
• HedgeServ operates a client focused structure which provides a wide-range of experience to all levels of employee

Pre-requisite knowledge, skills and experience

• Minimum 2.2 Accounting, Finance, Legal or Business Degree
• IT Literate with an emphasis on Excel
• Ability to be flexible, self-motivated and work under pressure to tight deadlines
• Strong analytical and problem-solving skills
• Ability to be flexible and work effectively both within a team structure and independently

We offer a comprehensive benefits package and hybrid working options.