Northpointe Staffing Professionals · 3 hours ago
Finance - Fund/Investment Accounting
Conshohocken, PA
Full-time
Onsite
Mid, Senior Level
3+ years expNorthpointe Staffing Professionals is seeking a Finance - Fund/Investment Accounting professional to support the Alternative Investment Services Team. This role focuses on operations and portfolio management for Hedge Fund Solutions and involves monitoring investments, overseeing third-party service providers, and ensuring accurate financial reporting.
Staffing & Recruiting
Responsibilities
Actively monitoring critical investment and investor activity for multiple portfolios and custodian banks, ensuring proper settlement of transactions, including cash distributions and receipts
Developing significant level of expertise of the holdings, terms and transactions of multiple portfolios to provide intuitive and proactive oversight of these portfolios
Overseeing third party service providers in posting activity to the portfolios’ general ledger and maintaining portfolio activity in AIS’s parallel portfolio accounting system, Investran
Reconciling transactions, valuations, management fees, performance fee/carried interest calculations, P&L components, and other activity between Investran and the third party service provider's records on a monthly/quarterly basis to ensure accuracy
Verifying accuracy of investor capital account balances, NAV allocations, and capital activity on a monthly/quarterly basis. Preparing or reviewing monthly performance reports for investment management and clients using valuations from underlying investments, cash balances, and derivatives valuations
Reviewing daily cash reconciliations performed with multiple custodian banks and ensuring outstanding items are resolved on a timely basis
Tracking email correspondence within the AIS Team’s group mailbox and escalating time sensitive correspondence to the appropriate internal parties. Providing regular daily support and responding to numerous ad hoc requests from investment management, investors, and other internal and external stakeholders
Providing support for the AIS Team’s product, regulatory, and other audits; assisting with preparation of materials for periodic board of director meetings; assisting with review of offering documents for new products and supporting other areas of product development, as needed
Working effectively with third party service providers and internal parties to ensure a high level of service for the AIS Team’s products; raising service issues in an appropriate manner and following up issues to resolution; creating or enhancing processes to improve the efficiency of the AIS Team
Performing other related functions or responsibilities as needed or assigned
Qualification
Required
Bachelors degree, or equivalent, in Accounting, Finance, or related business field
A minimum of three to five years of investment accounting experience
Strong organizational and analytical skills and the ability to effectively summarize findings, both verbally and in writing, in a clear and concise manner
Detail-oriented and highly motivated
Ability to work effectively with minimal supervision
Preferred
Prior experience in alternative investment operations
Knowledge of hedge fund or private equity fund accounting
Experience with Investran
Company
Northpointe Staffing Professionals
Located in Hoboken NJ, Northpointe Staffing Professionals is an affiliate of Asset Staffing and is a leading provider of financial, administrative and professional support throughout New Jersey.
0-1 employees
Funding
Current Stage
Early StageCompany data provided by crunchbase