Operations Associate

  • Competitive
  • London, England, United Kingdom
  • Permanent, Full time
  • SS&C
  • 14 Dec 17 2017-12-14

Lighthouse, through its BPO partnership with SS&C, is currently seeking a candidate who will be part of a multi-dimensional middle to back office operations and accounting department responsible for all aspects of post trade matching, trade capture, and all aspects of daily operations, treasury services, accounting and tax compliance, planning and reporting. The ideal candidate is one who works or has worked within a multi-strategy hedge fund, financial institution or hedge fund administrator with solid exposure to middle office post trade reporting and operations.

SS&C / LIGHTHOUSE - OPERATIONS ASSOCIATE

Lighthouse Investment Partners, LLC (“Lighthouse”) is an alternative investment manager with assets under management of approximately $10.0 billion.  Lighthouse’s global investors include pension plans, corporations, insurance companies, endowments, public and private foundations, family offices and individual investors.  Lighthouse is headquartered in Palm Beach Gardens, Florida, with research offices in New York, Chicago, London and Hong Kong and currently has approximately 80 employees. SS&C Financial Services (NASDAQ: SSNC) is the primary fund administrator to the Lighthouse Funds and is a leading provider of the world's most comprehensive array of financial technology products and services under a public, independent, single platform. SS&C’s expertise in business process outsourcing supports complete lifecycle capabilities, available on a stand-alone basis to hedge funds, fund of funds, private equity funds, family wealth offices, and managed accounts.  Lighthouse is in the 11th year partnering with SS&C and has built a large team of dedicated resources including a specialized business process outsourcing (“BPO”) team customized to support the Lighthouse platform unique needs.  SS&C offers a full range of benefits that include medical, dental, life insurance, disability, and a 401(k) retirement plan.

Lighthouse, through its BPO partnership with SS&C, is currently seeking a candidate who will be part of a multi-dimensional middle to back office operations and accounting department responsible for all aspects of post trade matching, trade capture, and all aspects of daily operations, treasury services, accounting and tax compliance, planning and reporting.  The ideal candidate is one who works or has worked within a multi-strategy hedge fund, financial institution or hedge fund administrator with solid exposure to middle office post trade reporting and operations. 

Responsibilities & Goals 
• Provide operational support in the London time zone for a number of European long/short equity strategies.
• Work closely with the London Operations Manager, Lighthouse operations management team and SS&C Financial Services dedicated resource teams covering daily, monthly and annual operations, tax and accounting production as well as onboarding new trading accounts.    
• Support the daily trade capture and P&L validation process for this basket of European accounts.  Review and monitor daily cash and position reconciliations prepared by SS&C Financial Services  downstream teams and systems and assist in resolving any variances.
• Monitor corporate actions, dividend and trade settlements daily
• Support the investment and risk teams, be prepared to respond to queries on individual account transactions and positions and work with the risk team to provide accurate daily risk data across the accounts.
• Communicate regularly and effectively with each portfolio management team to ensure timely delivery of accurate trade file data. Act as liaison between the portfolio manager, counterparty and administrator to ensure seamless interaction between all parties. 
• Support tracking and analysis of margin excess and financing requirements across the accounts.  Analyze and communicate any fluctuations or discrepancies.
• Become familiar with the accounting and valuation treatment for a variety of asset classes, including equities, futures, fixed income securities, listed options, currency forwards, contracts-for-difference, credit default swaps, interest rate swaps and other OTC products.
• Become familiar with the accounting treatment for simple and complex corporate action activity and assist the administrator with any related queries.
• Support the review of and sign-off on a comprehensive monthly accounting package provided by the administrator.  Review management and incentive fee calculations.

Education & Experience
• Bachelor’s Degree
• Prior work experience with a Hedge Fund, Financial Institution or hedge fund administrator operations and fund accounting department with exposure/understanding of stock loan, corporate actions and settlements process for equities.
• Demonstrable experience of system/process/procedural improvements (Ideal)
• Experience with Microsoft office applications (VBA/Macro Ideal), comfort with custom database environments, OMS/PMS environments, Advent Geneva and Partner required.

Required Skills/Characteristics
• Highly motivated self-starter with an appetite for knowledge and eager to learn
• Effective and efficient researcher
• Strong organizational skills with the ability to set, organize and meet priorities
• Strong attention to detail
• Excellent verbal and written communication skills
• Ability to work independently as well as with others in a team environment