Lead Analyst, Fund/Client Accounting (HedgeMark)

Job Description

HedgeMark (“HM”), a BNY Mellon company, specializes in supporting institutional clients in the development and operation of their own private hedge fund dedicated managed account platforms (“DMA”).  HM supports clients in formation and structuring of their private vehicles; negotiating fund documents and counterparty agreements and project managing each fund’s launch.  Post launch, HM provides risk and performance reporting and investment guideline monitoring to the client.  HM is also responsible for performing operational and accounting functions which provide independent oversight and controls to the process.


Overview HM Fund Accounting Team Function


The HM Fund Accounting team works closely with HM’s Operations team for daily and monthly deliverables.  The HM Fund 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 HM Fund Accounting team is also responsible for reviewing and processing invoices and for managing the audit process.  Each fund / client will have primary and backup HM Fund Accounting and Operations analysts who will work together to understand the particulars to the fund and to service the client.


Lead Analyst  is responsible for the following functions:

  • Sufficient knowledge of various legal documents such as Offering Memorandums, Partnership Agreements, Investment Manager Agreements and Sub Advisory Agreement.  Review and provide comments on fund documents during the structuring phase of client DMAs prepared by the HM Product Structuring.
  • Coordinate fund set-up with the fund’s administrator on the calculation of fees during the drafting of fund documents.
  • 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 admin.
  • Prepare cash reconciliations between reports received from brokers and 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 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, NAV (performance) reporting module and NAV review module of our proprietary HM-Operations website.  Provide new ideas and suggestions for enhancing our proprietary website to make processes efficient.  Perform system testing for new releases.
  • Review draft audited financial statements including analytical review of balance sheet and income statement accounts and related footnote disclosures.
  • Proficient working knowledge of various instrument (securities) types and US GAAP
  • Train India accounting team on various tasks performed overseas.
  • Maintain industry knowledge by attending educational seminars and reviewing publications


  • The candidate must have 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.
  • The candidate must be highly proficient 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.
  • The candidate must be extremely detailed and control-oriented with a very strong understanding of the risks of our business, in addition to having good interpersonal skills in order to effectively partner with employees that do not report to him/her and to deal effectively with other internal groups and external clients.
  • Contributes to the achievement of multiple team objectives and hands-on experience in managing junior accountants on daily tasks.
  • Sufficient knowledge of various legal documents such as Offering Memorandums and Partnership Agreements.
  • Ability to evaluate GAAP and/or IFRS rules to determine impact of new regulations on HM DMA clients.  Develops strategy for and provides guidance to teams on the implementation of new policies to follow regulations.
  • Bachelor’s degree in accounting or the equivalent combination of education and experience is required.
  • 5-7 years of total work experience preferred. Big 4 accounting firm experience and CPA/CA preferred.

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For over 230 years, the people of BNY Mellon have been at the forefront of finance, expanding the financial markets while supporting investors throughout the investment lifecycle. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments & safeguards nearly one-fifth of the world's financial assets. BNY Mellon remains one of the safest, most trusted and admired companies. Every day our employees make their mark by helping clients better manage and service their financial assets around the world. Whether providing financial services for institutions, corporations or individual investors, clients count on the people of BNY Mellon across time zones and in 35 countries and more than 100 markets. It's the collective ambition, innovative thinking and exceptionally focused client service paired with a commitment to doing what is right that continues to set us apart. Make your mark: bnymellon.com/careers.

BNY Mellon's Asset Servicing business is dedicated to dynamically supporting our clients' investments and safeguarding their assets, keeping them working around the clock and across the world. It's part of our commitment to being a true partner for our clients' investment success. We specialize in operational solutions and capabilities for today's market-enhancing management and administration of investments with services that process, monitor and measure investment data from around the world. By leveraging BNY Mellon's global footprint and deep expertise, we deliver insight-driven solutions for every phase of investing.

BNY Mellon is an Equal Employment Opportunity Employer.
Our ambition is to build the best global team – one that is representative and inclusive of the diverse talent, clients and communities we work with and serve – and to empower our team to do their best work. We support wellbeing and a balanced life, and offer a range of family-friendly, inclusive employment policies and employee forums.

Primary Location: Poland-Dolnoslaskie-Wroclaw
Job: Risk
Internal Jobcode: PAS17
Organization: Risk-HR06016
Requisition Number: 1817035