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State Street Hedge fund accounting - Assistant Manager in Bangalore, India


  • Undertake the following, with a goal of 100% accuracy, timeliness and completeness:

  • Calculate and validate a daily and/or weekly and/or monthly Net Asset Value (NAV) for your assigned funds

  • Assist and train others in your team with their NAV calculation and problem resolution

  • Design and implement operational efficiencies

  • Reconcile cash daily (no unresolved discrepancies)

  • Reconcile portfolio positions daily (including equities, bonds, swaps, options, foreign exchange, futures and other evolving derivative instruments)

  • Accrue income and expenses daily

  • Analyze and validate traders' profit and loss statement daily

  • Analyze and validate position market values daily

  • Post accounting entries to the general ledger daily

  • Review and validate the partner/shareholder allocation calculations, including management and incentive fee calculations

  • Research and resolve differences between accounting and trade entry systems daily

  • Lead/assist with month-end close process

  • Lead/assist with enquiries related to the annual audit

  • Lead/assist with periodic financial reporting for Hedge Funds (i.e. Statement of Assets and Liabilities and Statement of Profit and Loss)

  • Lead/assist with preparing other ad hoc financial reports as required

  • Review and understand the fund's offering memorandum and verify that the offering memorandum agrees to fund set up and ensure that ongoing operations adhere to offering memorandum details


  • Promote teamwork by training and coaching others

  • Align goals with supporting departments through ongoing communications

  • Communicate with global locations (U.S./Ireland/Canada/Poland) to maintain and improve best practice for operations and customer service

  • Customers through proactively understanding customer needs and finding solutions to non-standard customer queries

  • Customers and colleagues by developing superior industry knowledge (on accounting developments and new product types)

  • Investment advisors/managers through accurate NAV reporting and responding quickly to queries (with minimal supervision)

  • Prime brokers through accurate, complete and timely reconciliations and responding quickly to queries (with minimal supervision)


  • Initiate, propose and implement improvements to process and operations

  • Ongoing education of leading hedge fund industry developments (review of written materials, discussions with customers and peers)

  • Train new staff on existing procedures and controls and encourage all team members (subordinates, peers and superiors) to innovate

  • Ongoing personal education by attendance at State Street and IFS training sessions (target: 60 hours of training per year)


  • Bachelor’s degree in Accounting, Finance or Economics

  • CFA, CGA, CMA, CAIA or Public Accounting experience a plus

  • Intermediate knowledge of excel and word (minimum requirement)

  • Excellent communication and interpersonal skills

  • Confident and decisive

  • Ambitious and energetic

  • Strong work ethic - flexible and adaptable

  • Can-do attitude with high energy

  • Organized and detail-obsessed

  • Self-motivated with a passion for learning and growth

  • Posted Today

  • Full time
  • R-622333