Middle Office Associate - December 2024 Grad

HedgeServ is a leading global fund administrator with more than $450 billion in assets under administration across all investment vehicles including Hedge Funds, Private Equity Funds, UCITS, Hybrid Credit Managers, Funds of Funds and Managed Account Platforms. We optimize our clients’ experience using unique proprietary technology coupled with robotic process automation, intuitive digital programs powered by machine learning, and enhanced by an extensive proprietary transaction data set. HedgeServ’s entrepreneurial and innovative spirit cultivates a productive and agile environment enabling its team to anticipate clients’ needs and consistently deliver solutions in real time. Led by the most experienced team of industry experts, HedgeServ with 1,500+ professionals around the globe expertly provides customizable solutions for their clients’ risk, portfolio management, middle office, investor relations, accounting, regulatory, compliance, and tax services. Since its inception in 2008, HedgeServ has received numerous accolades, including Top Overall Administrator and #1 rankings for Fund Accounting, Reporting & Reporting Technology, Client Service, Investor Services, Alternative Fund Expertise, and Regulatory Expertise.

HedgeServ is a progressive company with continuously evolving ways of working to ensure a future-focused mindset. Our employees benefit from a robust career development framework and clear learning paths which outline career trajectory, training and progression plans. HedgeServ supports employees through a variety of offerings, including remote and hybrid working arrangements, and fully paid comprehensive health and well-being benefits. HedgeServ was recognized as a Next Gen employer by RippleMatch on its list of 100 top workplaces for Generation Z for 2022. HedgeServ operates 13 offices in the United States, Grand Cayman, Ireland, Poland, Bulgaria, Luxembourg, Philippines and Australia.

HedgeServ’s grad program is recognized as the gold-standard in the finance industry. During the two-year program, associates are squired through the training process with a mentor. A menu of soft-skills courses is available allowing new-hires to customize their learning experience by focusing on developing the skills that need attention. Formalized monthly check-ins with managers allows associates the opportunity to review their progress and set new goals. The opportunity to work directly with other groups, senior leadership, and clients allows for a unique structure where associates have full responsibility and visibility for the clients they cover. On completion of the program, associates stand head-and-shoulders above HedgeServ’s competitors.

We are currently looking for a December 2024 graduate to join our Graduate Program beginning January 2025. This role will be hybrid in either our Dallas, TX or Raleigh, NC office.

Job Description

As we continue through a period of growth, HedgeServ is searching for future leaders who can make an immediate impact on our already successful team. We're seeking college graduates who are decisive, energetic, and self-starting.

The Middle Office team performs trade support activities required by our hedge fund and private equity client base. This includes electronic trade/deal capture, confirmation/affirmation of activity, settlements, cash and collateral management, t+1 break resolution, technology development, and valuations processing. This position typically exposes the candidate to a wide range of financial markets and tradeable products including highly complex derivative instruments.

A successful candidate will assume considerable responsibility within six to twelve months, serving as the primary point of contact on client relationship(s), helping on-board new clients with the guidance of senior team members, and participating in cross-team projects all being possibilities.

Role Responsibilities

• Ensure accurate and efficient trade booking
• Review trade confirmations and recaps
• Facilitate custom reporting requirements delivering data to our clients, internal teams, and 3rd party vendors
• Action the resolution of daily cash and position breaks
• Apply client specific pricing affirmations to accurately value their portfolio
• Effectively communicate and collaborate with hedge fund and private equity professionals to solve complex problems
• Monitor and process all product life-cycle events
• Work on strategic initiatives and light project work

Pre-Requisite Knowledge, Skills, and Experience

• College graduates with an analytical mind and appetite for learning
• A familiarity with excel is required and an understanding of relational databases is a plus
• Clear and persuasive communicators, who can articulate their actions, identify root causes, and suggest improved ideas
• Confident and conscientious persons who learn from their mistakes, take pride in their work, and would hate to make the same mistake twice
• Desire to learn and embrace new technology