Senior Hedge Fund Accountant

Fund Accounting Services
B15305 - Accounting, Custody & Control
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This role acts as the primary liaison between the Prime Broker(s) and Administrator for the day-to-day operations of the Hedge product line.  The Senior HF Accountant ensures that Goldman Prime Broker (plus any additional Prime Brokers that may be added as a result of the normal course of business), IFS Admin, Investments and Portfolio Construction are all in sync to ensure accurate recordkeeping and timely settlement. 


Essential Functions of the Job:

  • Responsibilities include aiding in resolving any cash, position or valuation breaks, instructing FX trades for foreign settlements, monitoring, researching and resolving trade settlement discrepancies, monitoring the private placement file nightly to determine if any positions requiring fair value valuation are held on the Hedge funds and reported to IFS and reporting on ‘new buys’ to ensure the Administrator is accurately establishing the positions on their internal systems. 

  • The Senior HF Accountant monitors regulatory reporting from Goldman related to the amount of credit that brokerage firms/dealers may extend to customers for the purchase of securities (i.e. Reg T) to ensure balances are well above the call amount level.

  • The Senior HF Accountant will monitor incoming voluntary corporate action notifications from the Prime Broker and ensure that notices requiring Portfolio Analyst elections are sent timely, monitored for response and elections subsequently communicated to the Prime Broker by the established deadline via an online portal.  Being extremely organized as well as understanding the potential consequences to the fund(s) if not processed correctly is crucial for this function.  Once payment of the voluntary event occurs, notification is sent to Equity Data Administration for booking on internal systems and IFS for booking on the accounting records.  This role must also monitor what is coming through CAPS for SOD and ensuring the accounting records are updated by IFS correctly on ex-date as well as managing any required trade restrictions required for the voluntary or mandatory actions until positions are freely tradable.

  • On a monthly basis, the Senior HF Accountant is responsible for preparing a detailed reconciliation of shares, price and market value between the portfolio packages provided by IFS and Putnam’s internal investment system (Portfolio Construction - PC).

  • On a monthly basis, the Senior HF Accountant is responsible for reviewing and approving the month-end NAV packages from IFS. 

    At Putnam we are committed to a diverse workforce and take positive steps to ensure equal opportunity in our recruitment process. We also undertake to hire, develop and retain the most talented individuals by valuing the varied skills that you bring.

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