Middle Office Accountant

Permanent | Boston, MASSACHUSETTS | 19 days

Job Summary

Permanent
1155800
Boston
Man Group

$92,815 Average salary of similar jobs | Check Salary...

Job Description


About Man Group

Man Group is a global active investment management firm, which runs $114.4bn* of client capital in liquid and private markets, managed by investment specialists based around the world. Headquartered in London, the firm has 15 international offices and operates across multiple jurisdictions. Our business has five specialist investment engines, which represent the range of our capabilities: Man AHL, Man Numeric, Man GLG, Man FRM and Man GPM.

These engines house numerous investment teams, working collaboratively within the framework of Man Group, with a high degree of investment autonomy. Each team benefits from the strength and resources of the firm's single operating platform, enabling their primary focus to be seeking to generate alpha for clients. The teams invest across a diverse range of strategies and asset classes with highly specialised approaches, with long only and alternative strategies run on a discretionary and quantitative basis in single and multi-manager formats. Our clients are at the heart of everything we do and we engage in close dialogue with our investors as strategic partners, to understand their particular needs and constraints. Man Group's investment teams are empowered and supported by our institutional infrastructure and technology, which aims to facilitate the efficient exposure to markets and effective collaboration across the organisation.

Through the Man Charitable Trust, Man Group is committed to promoting literacy and numeracy on a global scale, and to supporting charitable causes more broadly.

Man Group plc is listed on the London Stock Exchange under the ticker EMG.LN and is a constituent of the FTSE 250 Index. Further information can be found at www.man.com

For more information about Man Group's commitment to diversity and inclusion, please visit www.man.com/diversity

*As at 30 June 2019. All investment management and advisory services are offered through the investment "engines" of Man AHL, Man Numeric, Man GLG, Man FRM and Man Global Private Markets (GPM).

Purpose of the role

This role sits within the Numeric Middle Office Accounting team. This candidate will support Portfolio and Asset Management activities and will assist the fund accounting team in maintaining the books and records of hedge funds and SMAs. This includes credit and equity focused products such as corporate bonds, CDS, futures, interest rate swaps, equity swaps, and forward FXs.

Specific responsibilities

  • Prepare daily P&L reporting for internal distribution including processing all fund activity in the portfolio accounting system
  • Review Net Asset Value (NAV) of funds on a daily, weekly and monthly basis including checking accrued income and expenses.
  • Liaise with the fund administrator/s to reconcile fund NAVs
  • Ensure the quality and effectiveness of the pricing governance and controls are maintained through identification and mitigation of pricing risks and the communication/documentation of any enhancements to the framework
  • Assist in review and resolution of cash, position, and accrual break
  • Support new business transitions and migration projects
  • Assist in the review of fund financial statements

Key competencies

  • Undergraduate/Graduate Degree with a preferred major in Business, Finance, Accounting, Economics, or other relevant coursework and a strong overall academic performance
  • Proficiency in Microsoft Excel
  • 2+ years of experience as a Performance Analyst and/or Fund Accountant at a leading investment manager, custodian bank, or fund administrator essential
  • Knowledge of a broad range of investment products
  • Problem solving skills the ability to analyse and challenge conventional thought processes and use experience and/or intuition to create pragmatic solutions
  • Communication, organisation and presentation skills together with the ability to confidently deal with multiple senior stakeholders

Diversity, Work-Life Balance and Benefits at Man Group

Man Group is proud to provide the best working environment possible for all of its employees, and we are committed to equality of opportunity. At Man Group we believe that a diverse workforce is a critical factor in the success of our business, and this is embedded in our culture and values. We run a number of external and internal initiatives, partnerships and programmes that help us to attract and develop talent from diverse backgrounds and encourage diversity and inclusion across our firm and industry. https://www.man.com/diversity . Man Group is also a Signatory of the Women in Finance Charter.

Man Group also supports many charities, and global initiatives. We support professional training and development, and requests for flexible or part-time working. Employees are also offered two 'Mankind' days of paid leave per year as part of the Man Charitable Trust's community volunteering programme.


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