Middle Office Sr. Associate - Private Equity

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 we continue through a period of explosive growth, HedgeServ is searching for driven professionals who can make an immediate impact in our newly created Middle Office Private Equity team as well as help the overall Middle Office team as necessary.

This role combines traditional Middle Office functions - such as trade support, reconciliation, and settlement - with specialized Private Equity responsibilities, such as capital call/distribution processing.

A successful candidate will assume considerable responsibility within six to twelve months, serving as a central point of contact for Nav & MO teams on PE transactions, assisting with on-boarding new clients with the guidance of senior team members, and participating in cross-team projects.

Key Responsibilities

• Assist in calculating and processing capital calls, capital distributions and statements for closed-end funds.
• Work with the client and internal teams to ensure daily reconciliation breaks due to activity are resolved efficiently to mitigate risk and meet deliverables.
• Communicate effectively with clients, external vendors, and internal stakeholders, in both written and verbal forms, to ensure correct settlement of trades and resolution of breaks.
• Build a deep understanding of the propriety HedgeServ applications and platforms, which support functions such as Trade Capture, Security Master Setups, the creation and delivery of sensitive client Reporting, Pricing, Trade-Matching (CTM/NYFIX/ICELink) and Trade Settlements (PB/Custodian Portals).
• Work collaboratively with the wider Middle Office teams as part of an effective Global ‘Follow the Sun’ model.
• Contribute to the establishment of processes, standards, and culture in a newly formed Middle Office Private Equity team.
• Handover outstanding items to relevant internal teams and escalate issues clearly and appropriately to senior management and/or development teams when necessary.

Requirements

Education:

• Completed bachelor’s degree in business, accounting, or finance.

Experience:

• At least 2-3 years’ experience in a Private Equity or Middle Office/Fund Accounting role.
• Experience reviewing Private Equity statements (capital calls & distributions) would be an advantage.
• Exposure to various key financial products, (i.e. Equities, Options, Futures, Fixed Income, and various derivatives) would be an asset.
• Strong Excel skills
• Have been in a Client Service focused role, communicating effectively with clients & vendors, and working with teams across regions.
• Experience using multiple applications to perform daily tasks, while maintaining appropriate risk and control measures, with high accuracy rates.

Personal skills:

• 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 communicate with people in a positive and effective manner.
• Ability to multi-task and succeed in a results-oriented, high-pressure environment with an understanding of the need for 100% accuracy.