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6 Month Hedge Fund Accounting Internship

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The Citco Group Limited

Oct 22, 2024

Applications are closed

  • Internship
    Full-time
    Summer Internship
  • Accounting & Tax
    Business, Operations & Strategy
  • Cork

Requirements

  • Studying a degree qualification in the field of business, finance & accounting.
  • Good communication skills - fluency in written and spoken English is essential.
  • Able to work in a team and ability to work under pressure.

Responsibilities

  • Assist in the calculation and reporting of hedge funds’ clients NAV’s.
  • Liaise with clients in relation to trade issues and/or corporate action issues.
  • Manage verification of fee accruals in the accounting system in accordance with the PPM and/or agreed Fee Budgets.
  • Manage capital activity recording in the accounting system.
  • Manage verification of profit and loss attribution on each NAV.
  • Manage calculation of performance/incentive fees in the NAV and their respective payment.
  • Analyzing changes in funds’ values in relation to broader market fluctuations.
  • Assist in the accurate and timely completion of the NAV to the client and third parties in line with the Service Level Agreement and the funds legal documentation.
  • Liaise with Clients and or Auditors in respect of fund specific queries.
  • Review funds details/transactions to ensure compliance with legal and regulatory requirements.
  • Assist team members in execution of daily operational activities.
  • Assisting with the preparation of financial statements and audits as requested.
  • Fulfill established departmental fund accounting processing procedures, controls and best practice documentation.

FAQs

What is the duration of the internship?

The internship is for a duration of 6 months.

What qualifications are required to apply for the internship?

Candidates should be studying a degree qualification in the field of business, finance, or accounting.

What type of skills are essential for this position?

Good communication skills, fluency in written and spoken English, the ability to work in a team, and the ability to work under pressure are essential.

What will I learn during the internship?

You will gain a practical understanding of hedge funds, trading strategies, the full trade lifecycle of various product types, fund structures, and how investment managers charge fees.

Will I be working with complex fund structures?

Yes, as part of the Fund Accounting team, you will work with complex fund structures and multibillion-dollar client assets.

Are there opportunities for growth and development during the internship?

Yes, Citco provides a range of training, education support, and career development opportunities.

Is there a focus on diversity and inclusion at Citco?

Yes, Citco embraces diversity and prioritizes hiring people from diverse backgrounds, fostering an inclusive culture.

Will I be required to liaise with clients?

Yes, you will be required to liaise with clients regarding trade and corporate action issues, as well as specific fund queries.

What kind of work environment can I expect?

You can expect a team-oriented work environment where you will engage in tasks that require meeting deadlines and responding to client queries.

Are accommodations available for candidates with disabilities?

Yes, Citco welcomes applications from people with disabilities and accommodations are available upon request during the selection process.

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The Citco Group Limited

The Citco group of companies provides a broad range of financial services for hedge funds, administration, PE & more.

Finance
Industry
5001-10,000
Employees

Mission & Purpose

The Citco Group Limited is a company specialising in financial services, with a particular focus on fund administration, corporate services, and related financial solutions. The company's core activities include assisting clients in managing and administering investment funds, as well as providing corporate and fiduciary services to businesses. Citco's ultimate goal is to be a trusted partner for their clients in navigating the complexities of the financial industry, offering expert support in fund management and corporate services. Their purpose revolves around delivering high-quality, tailored financial solutions that enable clients to succeed in a competitive market, manage their assets efficiently, and meet regulatory requirements. Through their services, Citco aims to facilitate the growth and success of businesses and investment funds.