Assistant Manager – Fund Accounting.

Harmonic is one of the largest independent fund administrators, delivering a range of services and technology to private debt, hedge funds, fund of funds, private equity funds, private banks, pension funds and family offices. With our experienced professionals and technology, we support a dynamic and complex industry characterized by new financial products, trading strategies and capital markets. Harmonic is service-oriented and technology-intensive, providing comprehensive services and software that includes operations outsourcing, custom development, and technology for global investment managers.

JOB SUMMARY:
The Assistant Manager – Fund Accounting

Responsibilities for this position include the Fund Administration of complex investment funds, including portfolio valuation and Net Asset Value ("NAV") in a reviewer role; reviewing and assisting with the preparation of the financial statements; liaising with investors and investment managers; and assisting with systems development and other ad hoc projects as required. In addition, other responsibilities will include client relationship management; new business integration; assisting with training of Fund Accountants; and meeting the very tight reporting deadlines and demanding obligations of our clients.

ESSENTIAL FUNCTIONS
NAV’s
• Review and understand the fund's offering memorandum and verify that offering memorandum agrees to fund set up and ensure ongoing operations adhere to offering memorandum details
• Liaise with investment managers, prime brokers and custodians in relation to trading activity as required for transaction processing and NAV preparation.
• Review all cash items whether portfolio related, capital transactions or from non-portfolio and other income and expense items
• Review three-way reconciliation of cash and assets/liabilities to the investment managers and custodians (frequency depending on trading activity of the fund
• Review independent third-party pricing support where needed (i.e. from Bloomberg)
• Review and validate the partner/shareholder allocation calculations, including management and incentive fee calculations and the allocation of feeder specific income and expenses

Client Relationship Management
• Liaise with clients, investors, investment managers and other stakeholders as needed
Reporting
• Prepare and/or review monthly, quarterly and annual financial reports
• Assist in the preparation and/or review of group-level reporting
Audit
• Liaise with the fund’s auditors at year end and interim periods to ensure sufficient information is provided to facilitate the timely completion of controls testing and substantive work to the auditors’ satisfaction
• Complete audit confirmation requests
New Business
• Acquire or assist in new business conversions and reconciliation
Financial Statements
• Monitor and ensure that the AML checks are being carried out in accordance with the procedures and legislation in force. This includes compliance with the Performance of general administration relating to private equity funds
Compliance
- Monitor and ensure that the AML checks are being carried out in accordance with the procedures and legislation in force. This includes compliance with performance of general administration relating to private equity funds
- Respond to Investor due diligence requests
Fees
- Review recurring fees as set out in various agreements (i.e. management & administration fee agreements)
- Review fees and expenses on behalf of the clients as directed by Administration Agreement and wire funds to third party service providers such as lawyers and auditors
Managerial Responsibilities
• Assist with the training of Fund Accountants and Senior Fund Accountants.
• Conduct performance reviews for direct reports

JOB QUALIFICATIONS
• A university graduate with a professional accounting qualification (CA, CPA, CGA, CMA or equivalent)
• 3+ years’ experience in a similar role working with complex securities and derivatives products

Knowledge, Skills & Abilities Required
• High level of expertise and technical knowledge of alternative investment products, the offshore financial services industry including system technology, portfolio valuation, accounting, share transfer and registration, prime brokerage, financing and custody

TECHNICAL REQUIREMENTS
- Solid working knowledge of all Windows applications with Excel to an advanced level
- Basic understanding of FM3 software and/or fund accounting applications

• A sound working knowledge of all Windows applications and ideally, knowledge of fund accounting applications
• Self-driven attitude and a strong work ethic
• Demonstrate a keen attention to detail
• Excellent interpersonal skills and strong team orientation
• Experience of relationship management and client service
• Excellent time management, organizational and prioritization skills
• Excellent communication skills, both verbal and written

SALARY and BENEFITS
- Salary USD$ 95,000 to $ 125,000 per annum
- Vacation 25 days
- Standard Sick & Compassionate per law
- Pension – standard per law of 5% up to cap
- Health – 100% of employee only cost on a premier plan
- Annual discretionary bonus
- Relevant professional qualifications subscriptions covered up to US$1,500 per annum.
- Working hours, Job type, and location
o Hours: 8:30am – 5:30pm Monday to Friday
o Job Type: Full-Time permanent position
o Location: Full-time in office – Cayman Corporate Centre