Sunday, February 20, 2011

Manager of Trading Administration; $90-120K

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Manager of Trading Administration
Chicago (Chicago, IL)
Permanent - $90,000 - $120,000
Financial Services Industry
About the company
Our client is a growing hedge fund downtown

Job description

The position will manage the administration of all investment activity of the underlying hedge funds and reports to the Assistant Controller. Primary responsibilities include management of calculation of investment balances needed for the Funds' Net Asset Value (NAV), execution of the investment subscriptions and redemptions process, administration of foreign currency hedging activity, processing of cash wires, and follow up on multiple ad hoc investment related queries.

Other responsibilities:

• Overall management of the Trading Administration Team, managing trade administration workflow
• Oversee Trading Administration team who are the day to day contact for custodians, FX counterparties, and fund administrators and managers
• Manage the Trading Administration team in their responsibility as a fully functioning pricing team
• Setting policies and procedures to ensure high quality processing and information flow
• Oversee ongoing enhancements to system applications
• Discuss and resolve or escalate all trade administration issues raised
• Oversee Trading Administration staff responsible for maintaining databases and disseminating documents received from managers, administrators, custodians and counterparties
• General training and development of all new Trading Administration staff
• Coordinate and review wire processing
• Review margin calls
• Review, coordinate and confirm FX spot trades and FX rolls and cash movements with counterparties
Requirements • 7-10 years experience with investment administration experience preferably with a fund of hedge funds
• Accounting background a plus
• 4-7 years management experience
• Experience training staff, developing and streamlining procedures, and working with multiple departments

To Apply: [Click Here to Email Your Resumé]

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