ABOUT INNOCAP

Our origins date back to 1996. Our heritage is the combination of two of the most respected firms in our industry: Innocap + HedgeMark. We provide Institutional allocators a superior way to structure, access and monitor their alternative investments through our Dedicated Managed Account platform.

We are the leading Dedicated Managed Account Platform in the world with US$49 billion in assets, >235 funds, >US$900B of client assets leveraging our technology. We benefit from solid, committed, and long-term institutional shareholders.

Our values are client centricity, innovation, expertise, governance/ transparency and partnership (with clients and among our talents). We are home to >300 innovative talents and robust financial technology operating from 7 locations worldwide. We are always looking for the energetic, curious, passionate people to join our global team.

ABOUT THE ROLE

The Platform Accounting team works closely with the Platform Operations team for daily and monthly deliverables. The Platform Accounting team is responsible for reviewing and approving the Administrator’s net asset valuation and will review and discuss the final reconciliation and valuation review performed by the Operations analyst. The Platform Accounting team is also responsible for reviewing and processing invoices and for managing the audit process. Each fund / client will have primary and backup Platform Accounting and Operations analysts who will work together to understand the particulars to the fund and to service the client.

The Fund Accountant, Platform Accounting is responsible for the following functions:

• Review daily/weekly/monthly NAV calculations, management/incentive fees and expense ratios for a variety of alternative investments products. Recalculate daily/weekly/monthly asset based operating expenses and fixed expenses to ensure accuracy of expenses calculated by the external administrator.
• Prepare cash reconciliations between reports received from brokers and external administrators.
• Review daily/weekly/monthly subscriptions/redemptions schedules prepared by external fund administrators and coordinate timely payment to the Fund itself (subscriptions) or the Funds’ investors (redemptions).
• Assist external fund administrators with various daily/weekly/monthly projects and coordinate timely NAV reporting to external clients.
• Ensure timely payment of invoiced expenses in accordance with each Fund’s agreements and payment process. Follow-up with vendors and investment managers in doing so.
• Monitor and review valuation methodologies within each Fund’s portfolios based on US GAAP and/or IFRS guidance and the Funds’ individual pricing policy.
• Monitoring daily bank and brokers/counterparties cash balances.
• Respond to email queries from clients, investment managers, administrators, and counterparties in a timely manner.
• Perform project work to support internal and external needs.
• Utilize cash reconciliation module, Expense module, Invoice module, Capital activity module, NAV (performance) reporting module and NAV review module of our proprietary IC-Operations website. Provide new ideas and suggestions for enhancing our proprietary website to make processes efficient. Perform system testing for new releases.
• Review, provide comments on proforma financial statements, and draft audited financial statements including analytical review of balance sheet and income statement accounts and related footnote disclosures.

PRIMARY QUALIFICATIONS & SKILLS

• Bachelor’s degree in accounting or the equivalent combination of education and experience.
• 2-4 years of total work experience preferred.
• Knowledge of and experience with hedge funds with many different types of investment structures and instrument types, including equities, fixed income, foreign exchange, interest rate swaps, credit default swaps, OTC options and structured products.
• High proficiency with PC applications (Excel and Word), must possess strong analytical and verbal communication skills and be able to work independently and under significant pressure while adhering to constantly changing strict deadlines.
• Detail- and control-oriented with a very strong understanding of the risks of our business, in addition to having good interpersonal skills to effectively partner with employees that do not report to him/her and to deal effectively with other internal groups and external clients.