• Consultant
  • 60007, Chicago, IL
  • Salary: $90,000 - 109,999
  • Education: Bachelor’s Degree
  • Years of experience: 5-10
  • Licensures: N/A
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PostMatches By WorkStaff USA

Founded in Chicago in 1889, one of the world’s leading financial institutions. We specialize in providing asset servicing solutions and asset management to both institutional and personal clients. The delivery of products and services to this client base is supported through a network of offices around the globe.

Hedge Fund Services offers world-class, scalable technology and dedicated expertise to serve hedge funds and large institutional investors with complex portfolios and product types. The business provides comprehensive middle office and administration services, including trade processing, asset servicing, valuation and profit and loss reporting, cash and collateral management, reconciliations, accounting and NAV calculations and investor servicing and reporting.

Role:
In this role, the individual will be the main point of contact for clients on all things related to understanding their trading profit & loss and how their valuations have been sourced. The Product Control function within HFS is responsible for valuation, daily and monthly P&L reporting, end of month pricing substantiation and end of day positional risk reporting.  In addition, the Product Controller will work with internal partner areas to ensure all required processes have been performed to verify the valuation accuracy of the client’s portfolio.

Major Duties:

Managing daily P&L process support for multiple HFS clients
Daily review of quality control checks, resolving exceptions, and triggering price challenges or re-valuation requests on behalf of clients
Daily engagement with clients to explain P&L differences and respond to inquiries
Work closely with offshore Product Control team (India) on QC process and migration of work
Delivering a final daily (and month-end) P&L statement to the client
Understanding and explaining the key drivers behind the P&L movements
Preparing/managing monthly (or more frequently as required) price verification process and associated reporting
Updating and maintaining pricing policy for each financial type that is included in the client’s portfolio
Prepare presentations and analysis as required on process improvement, valuation analysis, and technology enhancements.

Knowledge / Skills:

Understanding of the trade lifecycle, pricing, and valuation of multiple asset classes preferred (e.g. Fixed Income, Rates Derivatives, Credit Derivatives, Equities, FX)
Strong Excel skills.  VBA, Python or other programing language to format large data sets is preferred
Ability to prioritize, multi-task, and perform effectively under deadlines.
Understanding of the daily P&L process including reporting of T+0 Estimate and T+1 Actual P&L, performing daily quality control checks, and resolving valuation discrepancies
Understanding of alternative investment custodians, administrators, and service providers.

Qualifications:

Minimum 2-5 years of industry experience in one or more of the following fields:

Valuations
Alternative asset operations
P&L/Performance
Experience in a middle office, product control, valuation or audit environment
Undergraduate degree in Finance/Accounting is preferable
A genuine desire and capability to work in a fast-paced, professional, inclusive environment which requires teamwork, well-honed problem-solving skills, frequent re-prioritization, deadline management, ongoing and comprehensive communication, constant attention to detail, and a commitment to continuous improvement and best practices.

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