Fund Accounting Director

Fund Accounting Director

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.

A Fund Accounting Director is responsible for all aspects of the NAV process, reporting to the Fund Accounting Managing Director, they are required to provide leadership and strategic direction for assigned fund accounting teams. The Fund Accounting Director contributes to the development and implementation of system, procedural and operational enhancements. They ensure the timely and accurate delivery of the NAV process. They are key contacts for ad hoc client requests and issues. As a result, a detailed understanding of the service requirements for Hedge Fund Administration is required.

Key Responsibilities 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 fund structure, client requirements and business needs.

• Participate in new client meetings, demonstrating HedgeServ software, discussing complex accounting topics and outlining HedgeServ’s solution to their needs with specific focus on fund structures and products traded.
• Work as part of a team of Managers, Directors and Managing Directors, who have ongoing responsibility for developing all aspects of HedgeServ services.
• Understand and be responsible for all aspects of the NAV process including fee calculations, profit and loss allocations, accounting for complex financial instruments, documentation review and ad hoc client requests.
• Provide leadership and strategic direction for assigned fund accounting teams.
• Efficiently manage multiple relationships both internally and externally.
• Ensure the assigned fund accounting team operates within a clearly defined, documented and tested control environment.
• Participate in the continuous development and enhancement of work flows and procedures to reflect the changing control environment.
• Resolve exceptional problems and take on special projects or tasks as assigned.
• Responsible for fund accounting employee recruitment, training and performance evaluations.
• Resolve employee complaints in conjunction with HR and the MD group.
• Responsible for the preparation and review of financial and regulatory reports.
• Develop and maintain relationships between HedgeServ and client brokers, auditors and legal counsel.
• Responsible for new client transitions to the HedgeServ platform.
• Establish and maintain effective working relationships with Investor Services, Quality Assurance, Business Development, Operations and Compliance departments within HedgeServ.
• Hybrid working arrangements – may be required to spend time working in the office as well as working from home

HedgeServ operates a client focused structure which provides a wide-range of experience to all levels of employees. As such, Fund Accounting Directors should be flexible and willing to adapt.

Fund Accounting Directors should be capable of managing teams of up to 30 staff in total, servicing multiple clients with various requirements and deadlines.

Education

• Accounting, Finance, Legal or Business Degree.

Skills and Attributes:

• Minimum of 9 years’ experience working with a Hedge Fund Administrator with at least 3 of those at Manager level. Alternative fund experience may be considered.

• IT literate

• Strong verbal and written communication skills

• Strong analytical and problem-solving skills

• Ability to be flexible and work effectively either within a team structure or independently

• Strong interpersonal skills

• Good initiative with the ability to prioritize

• Strong systems, product and process knowledge

• Reliable, flexible and dependable

• Approachable

• Committed

• Ability to positively influence team morale

• Demonstrate leadership skills

• Take ownership of designated tasks

• Act as a role model for HedgeServ

• About Us

• At HedgeServ, our people are at the core of everything we do. We aspire to grow and challenge the status quo and it is our high calibre talent that drives our progress.

• We deliver success with the biggest clients because we have the best people working for us. We're committed to rewarding performance with competitive salary & benefits packages and ongoing learning and development opportunities.

• If you’d like a challenging and rewarding career, we’d love to hear from you.

• Corporate values

• HedgeServ has a culture of innovation, excellence, and continuous improvement which has continued to evolve through our employees. Our corporate values create a sense of shared purpose and belonging as we work together to achieve the vision and mission of HedgeServ. We experience successful results through demonstrating the below values and behaviors which are at the core of how we communicate with employees and clients.

• Relationships

• We work in partnership with each other and our clients; collaboration is at the core of what we do.

• We work collaboratively, focusing on end-to-end ownership and autonomy in our processes.

• We share knowledge across our teams and offices to gain expert and diverse views.

• We develop long-term relationships through investment and commitment to our employees and clients.

• We communicate in personal, inviting, and authentic ways whether face-to-face or virtually.

• Support

• We empower and trust employees so they can realize their full potential on an individual and organizational level. We leverage our global reach for positive local impacts.

• We focus on employee health and well-being.

• We are empathetic and committed to diversity and inclusion.

• We listen to each other and think about what we want to say and then respond.

• We embrace corporate social responsibility and our ability to impact and enrich the lives of our team, their families, our clients, and the world around us.

• Innovation

• We embrace an entrepreneurial spirit and growth mindset where change is a positive dynamic.

• We confidently challenge the status quo with respect and positive intent.

• We offer a leading-edge suite of proprietary technology applications.

• We rapidly adapt to current information, changing conditions, or unexpected obstacles.

• We act with vision, agility, and resilience.

• We listen to each other’s ideas and value diverse perspectives.

• Expertise

• We are the most experienced team of industry experts. We share our knowledge with each other to make us stronger; we share our knowledge with our clients to make them stronger. There is no question we can’t answer, nor any problem we can’t solve.

• We cultivate a productive and agile environment which allows us to anticipate our clients’ needs and consistently deliver solutions in real time.

• We embrace an entrepreneurial spirit w