Job Details

ID #17171165
State Massachusetts
City Boston
Job type Contract
Salary USD TBD TBD
Source BCforward
Showed 2021-07-23
Date 2021-07-23
Deadline 2021-09-21
Category Et cetera
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Fund Accountant

Massachusetts, Boston, 02117 Boston USA

Vacancy expired!

Fund Accountant

BCforward is currently seeking highly motivated Fund Accountant in Boston, MA.

We place consultants for end clients all over USA.

Position: Fund Accountant

Location: Boston, MA

Expected Duration (possible extension): 3 Months

Hours: 9:00am-6:00pm ET (1 hour lunch)

Days: M-F

Job Family Description: Monitors fund's compliance with investment restrictions. Calculates distributions. Prepares projections, billings and monthly financial statements. Prepares related reports.

Roles and Responsibilities:

Trade processing and reconciliation of derivative securities. Candidate should have knowledge of SWAPs.

Group: Third Party Derivatives Processing (3PDP)

Client's Corporate & Investment Bank (CIB) is a global leader across banking, markets and investor services. The world's most important corporations, governments and institutions entrust us with their business in more than 100 countries. With $18 trillion of assets under custody and $393 billion in deposits, the Corporate & Investment Bank provides strategic advice, raises capital, manages risk, performs fund services for institutional clients and extends liquidity in markets around the world

Derivative Operations provides operational support across the CIB covering eight key product areas including FX, OTC Derivatives, Collateral Principal, 3rd Party Derivatives, Cleared Derivatives, Agency Collateral, Billing and CASS with 1,900 employees.

Services provided to our Businesses include:

Transaction Processing, Confirmation, Settlement and Clearing, Collateral Management, Client Service, Invoicing and CASS Support

Typical daily activity includes settling in excess of $217B via FX trading, leading a Markets OTC portfolio of 2.5M trades, servicing >200 3rd party clients, performing 10,000 margin calls, processing 470k cleared and intermediated trades and producing >9,000 invoices

Third Party Derivatives Processing (3PDP) supports four main OTC derivatives services:

NAV Support - instruction capture and processing client provided valuations / cash flows; reconciliation to the fund manager

Independent Valuations - instruction capture, generate in-house/ source TPV valuations and cash flows; reconcile to the fund manager/ counterparties; standard reporting

Middle Office - same service as Independent Valuations plus confirmation/ settlement management

Asset Verification - As a utility to T&F, produce Independent Asset Verification of OTC/FFX & CFD trades

The individual will work within the Boston 3PDP Team and have responsibility for the delivery of these services to a number of clients.

Job Description

To provide support for Derivatives traded by institutional clients, asset managers, hedge funds and insurance companies who have outsourced part or all of their operations to Client. Client scope includes all existing relationships globally. In addition, the Utility supports other groups within the business in respect of derivative activity.

Summary of Responsibilities

Responsible for the daily management of a client's trading activity including reviewing reconciliation breaks on Position, Market price, Income, Cash, Financing and Valuation

Dealing with all client and broker queries related to daily trade activity.

Responsible for any OTC related investigation, amendments and delivery sign-off to Fund Accounting and Client

Responsible for the derivative services OTC Reconciliation process for clients delivered from the Boston location.

To accurately and efficiently reconcile against all core controls for all relevant OTC deliveries

Skills and Qualifications

Bachelor degree or equivalent work experience (2-3 yrs).

Strong technical skills including accounting principles and theories

Knowledge of 40 ACTs Fund Accounting, Financial Reporting and Tax Operations

Ability to be effective in a global operating environment and a matrix management organizations

Ability to build and maintain effective working relationships with clients and counterparties

Quick learner both technical knowledge and systems

Results orientated; ability to create and sustain a target driven environment

Self-motivated with a flexible approach to working hours

About BCforward:

BCforward began as an IT business solution and staffing firm. Founded in 1998, BCforward has grown with our customers' needs into a full-service personnel solution's organization. Headquartered in Indianapolis, Indiana, BCforward also operates numerous delivery centers across North America and India. We are currently the largest consulting firm and largest MBE certified firm in Indiana. Our uninterrupted growth has allowed BCforward to deliver uniquely configured IT staffing and project solutions for over the years of catering to our customers' specific needs. BCforward currently maintains a team of over 5000 global resources. With our additional brand, Stafforward, together we have the capabilities to deliver services for a variety of industries in both public and private sectors which allows us to address your most challenging needs.

www.BCforward.com

www.facebook.com/bcforward

"We must inform you that during the hiring process, we may ask for you to disclose and provide us with various categories of your personal information, including identifiers such as your name and address, professional information, commercial information, education information, and other related information. Please note that we will only use this information to facilitate and complete the recruiting process. This posting is not an offer of employment. The submission of intentionally false or fraudulent information in response to this job posting shall render the applicant ineligible for the position. BCforward is an equal opportunity employer. Any subsequent offer of employment shall be considered employment at will regardless of the anticipated assignment duration."

Interested candidates please send resume in Word format Please reference job code 138116 when responding to this ad.

Vacancy expired!

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