Hedge Fund Operations Associate
Linium Resources - New York, NY

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Operations Associate

Credit investment fund in New York is seeking a middle to back office operations associate to join their growing team.

Responsibilities:
  • Perform and review Daily P&L and work closely with the Administrator, Trustee and Counterparties to ensure accurate and transparent financial data is reported.
  • Liaise with Trustee and Administrator to ensure accuracy of cash and positions along with distributions and asset tests in the CLO vehicle.
  • Manage and monitor the trade allocation process.
  • Assist with the Month End close.
  • Perform Daily break resolution and validation of trades in the different vehicles managed by portfolio managers.
  • Perform month-end P&L reconciliation to ensure all front to back P&L is reconciled with explanation provided for any variance.
  • Perform break reconciliation and control to ensure the business is provided with accurate position inventories for P&L, valuation and risk reporting in all vehicles.
  • Provide assistance regarding Treasury management and Collateral relationships
  • Monitor Prime Brokerage balances and verify debit and credit interest, stock/bond loan fees and other Prime Broker charges
  • Build and implement enhanced process and controls for P&L and other Risk items and, escalate issues to management in a timely manner.
  • Participate in initiatives or projects related to business development and reporting.
  • Assist in coordinating with regulatory authorities and internal and external auditors during examinations, reviews and audits

    Requirements:
  • 4 to 5 years of solid working experience in product control, accounting or operations area within a Financial Institution. Preferably a Hedge Fund or CLO/CDO structure.
  • Strong product knowledge including Credit Derivatives, Corporate Bonds and Loans.
  • Understanding of Treasury function and Prime Broker financing would be a plus.
  • Highly motivated and driven to succeed in a challenging environment.
  • Excellent interpersonal skills in both the written and verbal form.
  • Detail oriented proactive and tenacious approach to problem solving with a focus on results.
  • Strong MS Office skills (particularly Microsoft Excel).