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Harmonic Fund Services

Junior Fund Controller



Company Information

Harmonic Fund Services is an independent financial services firm that specializes in providing services to the global alternative investments industry with offices in the Cayman Islands, Dublin, Geneva, Luxembourg, Shanghai and Toronto. Harmonic provides comprehensive fund services that include fund administration, operations outsourcing and technology for hedge funds, fund of funds and private equity vehicles.

We pride ourselves on bespoke technology solutions to meet the specific needs of our partners, who range from emerging investment managers to large financial institutions.

Job Description

The Fund Accountant will report to the Senior Fund Accountant and/or Senior Account Manager and will be responsible for the Fund Administration of complex investment funds including portfolio valuation and Net Asset Value ("NAV") calculation; assisting with the preparation of financial statements; liaising with investors and investment managers as well as assisting with systems development and other ad hoc projects as required. 

In addition, other responsibilities will include client relationship management; new business integration and meeting the very tight reporting deadlines and demanding obligations of our clients

Essential Functions:

 A.   NAV Calculation

  • Review and understand the fund's offering memorandum and verify that offering memorandum agrees to fund set up and ensure ongoing operations adhere to offering memorandum details
  • Liaise with investment managers, prime brokers and custodians in relation to trading activity as required for transaction processing and NAV preparation
  • Calculate the NAV for a portfolio of complex investment funds on either a weekly, bi-weekly, monthly, and/or quarterly basis as specified by the client and as outlined in the administration agreement, which includes, among other things:
    • Track all cash items whether portfolio related, capital transactions or from non-portfolio  and other income and expense items
    • Perform three-way reconciliation of cash and assets/liabilities to the investment managers and custodians (frequency depending on trading activity of the fund
    • Obtain independent third party pricing support where needed (i.e. from Bloomberg)
    • Calculate recurring fees as set out in various agreements (i.e. management & administration fee agreements)
    • Review and validate the partner/shareholder allocation calculations, including management and incentive fee calculations and the allocation of feeder specific income and expenses
  • Calculate and send out Estimated and Final NAV as required

B.  Other Responsibilities

  • Prepare monthly, quarterly and annual financial reports
  • Complete audit confirmation requests
  • Respond to Investor due diligence requests
  • Liaise with the fund’s auditors at year end and interim periods to ensure sufficient information is provided to facilitate the timely completion of controls testing and substantive work to the auditors satisfaction
  • Process fees and expenses on behalf of the clients as directed by Administration Agreement and wire funds to third party service providers such as lawyers and auditors
  • Performance of general administration relating to client funds
  • Participate in special projects
  • Acquire or assist in new business conversions and reconciliation
  1. Additional Job Functions
  • Other duties as required.

Job Qualifications:

  • CPA required

To apply please email your resume to: human.resources@harmonic.ky

Contact Information

Harmonic Fund Services
John Middleton
Posting Date: 09-Aug-2017Accounting and Finance Permanent, Full-Time Open 1Member05-Sep-2017
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