Job Summary:
In this role, you will be part of a talented and efficient Fund Services team that works on mission-critical projects within middle and back-office operations. You will manage various accounting and operational processes on behalf of our global client base while maintaining transparent communication with our clients and their fund administrators and trading counterparties.
Responsibilities
- Adapt to challenges and opportunities within the Outsourced MBO line of business, including a 24-hour delivery cycle with various shifts.
- Drive an enhancement of our client’s experience by providing visionary guidance for the department's products and offerings.
- Design optimal workflows and standards for facilitating client deliverables across:
A) Middle Office:
- Daily reconciliation of trades, positions, and cash against Prime Brokers, FCMs, ISDA Counterparties, and Custodians
- Proactive break resolution and communication for reconciliation breaks. Responding to break resolution emails from 3rd parties
- T+0 trade affirmation.
- Facilitating clearing and settlement of trades across asset classes.
- Cash and collateral management
- Processing of corporate action events
- Processing of position lifecycle events
B) Back-Office:
- Position, P&L, and Cash Reconciliation against Fund Administrators
- Trial Balance Reconciliations against Fund Administrators
- Booking and maintenance of non-trading accrual and expense schedules
- Break resolution and Fund Admin communication for reconciliation issues
- Shadow accounting at the fund, share class, series, and investor levels
- Maintain and improve operational efficiencies across the organization
- Ensure the smooth, effective operation of the department including:
- Successful on boarding of new MBO Services clients
- Compliance to all accounting and operational procedures
- Proper daily product and service delivery
- Escalation and resolution of high exposure items
- Maintaining client satisfaction
- Develop and track operational KPIs for the line of business in accordance with objectives for the line of business as well as client SLAs
- Assist with improving and automating existing processes to mitigate risk and increase scalability
- Proactively monitor and manage capacity and help with forecasting in this area
Required Skills
- Should have worked with various financial products such as Structured Products, MBS, CDS, IRS, TRS, Bank Loans, CFDs etc.
- Fund Accounting experience
- Proficient in the use of Microsoft Excel and Word
- Ability to handle and prioritize multiple tasks and work independently
- Willing to work in shifts including APAC and EMEA.
Education and Experience:
- MBA preferred or relevant graduate degree from top-tier institution or similar academic / professional experience
- 10 plus years minimum experience in Middle/Back-Office support role at Hedge Fund, Fund Administrator or Prime Broker
preferred.
Skills Required
- Experience with financial products such as Structured Products, MBS, CDS, IRS, TRS, Bank Loans, CFDs
- Fund Accounting experience
- Proficient in Microsoft Excel and Word
- Ability to handle and prioritize multiple tasks and work independently
- Willingness to work in shifts including APAC and EMEA
- MBA or relevant graduate degree preferred
- 10+ years experience in Middle/Back-Office support at Hedge Fund, Fund Administrator or Prime Broker
What the Team is Saying
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Clearwater Analytics (CWAN) Compensation & Benefits Highlights
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Retirement Support — A 401(k) plan with employer matching (commonly up to 4%) and references to immediate or Safe Harbor vesting indicate solid long‑term savings support. This combination is highlighted across employer materials and job postings.
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Leave & Time Off Breadth — Immediate eligibility for PTO, paid holidays, and volunteer time off is noted, alongside paid maternity and paternity leave. This breadth suggests a well-rounded time‑off framework from day one.
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Parental & Family Support — Paid parental leave is complemented by childcare benefits, a Dependent Care FSA, and amenities such as an onsite Mother’s Room. These provisions point to tangible support for families.
Clearwater Analytics (CWAN) Insights
What We Do
CWAN was founded on a simple belief: investment professionals deserve modern technology that actually works for them. Not legacy systems that slow them down. Not fragmented data that creates confusion. But one comprehensive platform that gives you complete visibility and crystal-clear insights. The result? Investment management that works as seamlessly as your investment strategy. Since our founding in 2004, CWAN has been the trusted technology partner powering the world’s leading institutional investors — from insurance companies, asset managers, and hedge funds to asset owners like corporations, endowments, and pension funds managing over $10 trillion in assets.
Why Work With Us
We continue to grow, fueled by a strong foundation, an ambitious vision, and a commitment to delivering exceptional value to our clients, partners, and team members around the world. What started as a bold idea in Boise, Idaho has rapidly transformed into a global presence. We’ve expanded our footprint significantly—now operating out of 24 offices
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Clearwater Analytics (CWAN) Offices
Hybrid Workspace
Employees engage in a combination of remote and on-site work.
