Sr. Hedge Fund Accountant

Fund Accounting Services
B15305 - Accounting and Middle Office Services

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 the Prime Brokers, International Fund Services Administration, our Investments and Portfolio Construction teams are all in sync to ensure accurate recordkeeping and timely settlement.

Essential Functions of the Job:

Responsibilities include:
  • Resolving any cash, position or valuation breaks and 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
  • Reporting on ‘new buys’ to ensure the Administrator is accurately establishing the positions on their internal systems. 
  • Monitoring regulatory reporting from the Prime Broker(s) related to the amount of credit that brokerage firms/dealers may extend to customers for the purchase of securities
  • Monitoring 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
  • 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.  

  • Mutual fund accounting experience strongly preferred
  • Hedge fund and/or derivatives accounting experience required
  • Exceptional attention to detail, strong organizational skills and the ability to successfully multi-task and manage shifting priorities are all critical skills
  • Bachelor’s degree preferred in Accounting, Finance, Business or related field    

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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