Hedge Fund Operations Manager

Tandym Group
North Miami Beach, Florida
$125K-$150K a year
Full-time

A Hedge Fund in Florida is seeking an accomplished Hedge Fund Operations Manager to work full time in the Sunny Isles office.

This is a critical role that interacts directly with traders, prime brokers, trading counterparties, accountants, and auditors.

Responsibilities

  • Daily trade life cycle
  • Trade processing, settlement coordination, and trade break reconciliation
  • Reconcile cash, positions, profit and loss, accruals, receivables / payables
  • Research, communicate, and solve trade breaks with prime brokerage teams and counterparties
  • Affirm trade settlements for bilateral derivative transactions, including financing schedules
  • Track all trade confirms and follow up with appropriate parties to resolve discrepancies
  • Reconcile derivative margin calls and respond to counterparties
  • Compile and compare interest rates, debit balances, and free cash to determine how to strategically move funds
  • Summarize and review cash balances, margin excess, and short market value across several prime brokers and counterparties
  • Track short rebates and work with trader to monitor changes
  • Reconcile previous day profit and loss report to accounting system, and clarify any changes
  • Retrieve month end statements, book interest and rebates in accounting system, and finalize cash and position reconciliations
  • Perform other duties as needed

Qualifications :

  • 3-7 years of relevant experience
  • Bachelor’s Degree in Accounting, Mathematics, and / or a similar field
  • Investment industry knowledge and experience
  • Hedge fund experience (fund accountant / operations)
  • 30+ days ago
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