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Click here or scroll down to respond to this candidateCandidate's Name
Somerset, NJ 08873 (609) 578-0525 LINKEDIN LINK AVAILABLE EMAIL AVAILABLE FINANCE PROFESSIONAL SPECIALIZING IN HEDGE FUNDS AND BANKING High performing professional with extensive experience and proven track record in fund accounting, compensation, budgeting and invoicing. Identify and synthesize documents and data as part of the Fund Accounting and Portfolio Manager Compensation team. Negotiate budgets across organizational lines to ensure that departmental goals are met, and portfolio managers comply with their contracts. Liaise between Legal and Business Development to confirm that protocols are in place and organizational goals are achieved. Mentor and train junior staff members. PROFESSIONAL EXPERIENCESCHONFELD STRATEGIC ADVISORS LLC New York, NY 2020 2023 Senior Fund Accountant - Fund Accounting and PM CompensationExecuted fee calculations and NAV close process for 20 portfolio managers including management and performance fees, deferred compensation, and reconciliation to trial balance. Communicated daily with the Fund Administrator.Settlement of revenue sharing arrangements with external managers. Responsible for proving out fee structures to administrator reports.Compiled and tracked trading capital limits for over 100 managers representing over $120 billion in capital. Tracked cash equivalents as a hypothetical investment for external managers and PM Share Class for internal managers investing in their strategies.Assembled the correct splits between Schonfeld and external managers which enabled operations team to allocate trade files daily into the correct proportions.Accountable for all aspects of compensation for portfolio managers both internal and external. Trained new staff on these processes.Analyzed Investment Manager and Employment Agreements to determine payout periods, performance fee rates, expenses, draws, and bonuses. Liaised with Legal and Business Development departments.Calculated Sharpe ratios to determine eligibility for performance fee bonuses.Computed deferred compensation and employer payroll taxes.Reviewed monthly portfolio manager statements with internal managers and responded to inquiries. SCHONFELD STRATEGIC ADVISORS LLC New York, NY 2017 2020 Senior Associate Global PM Financial ServicesPrepared and maintained budgets for external management teams across quantitative, tactical and fundamental equity strategies. Presented budgets annually to the Executive Committee.Processed and reconciled monthly invoices for funding to external managers.Prepared budget-variance analyses to ensure each manager was within their approved budget.Facilitated external relationships with managers to align goals. SCHONFELD GROUP HOLDINGS LLC New York, NY 2012 2017 Financial Accounting AnalystResponsible for tracking and reporting on 26 portfolio management teams across quantitative and relative value strategies, representing over $2 billion in assets under management.Reported daily to senior management the SGH income, expense, and volumes. Applicable to portfolio managers and proprietary traders.Produced, analyzed, and reviewed income statements with each portfolio manager, including allocation of expenses and calculation of management and performance fees.Reconciled different classes of instruments with prime brokers records, including equities, fixed income, options, swaps, and forwards. Other analyses included: international trading with foreign exchange component, new issue income, execution and liquidity charges, and interest income and expense. Candidate's Name
SB SCHONFELD FUND ADVISORS LLC New York, NY 2004 2012 Vice President Finance/OperationsInstrumental in startup planning and implementation of two Fund of Hedge Funds with over 50 underlying funds and $500 million of AUM at their combined peak.Managed daily cash balances and projections to maximize interest income, resulting in improved fund performance for investors.Negotiated agreement with service provider, arranging ability to schedule wire payments as soon as cash was available, thus reducing borrowings, and adding several basis points to the return each month.Coordinated and supervised annual external audit and tax filings to comply with offering memorandum requirements. Provided information to IRS and investors on a timely basis avoiding fines and penalties. Prepared required financial schedules.Developed a statistical system using the HFRX indices to estimate daily returns of funds, to accurately forecast daily estimates for SBS funds, as well as to estimate performance fees to be earned. This system successfully tracked assets over $1 billion.Day-to-day contact with underlying hedge fund management personnel to determine returns and to ascertain any out-of-the-ordinary situations thereby fulfilling fiduciary responsibility. Made recommendations to the Investment Committee for future changes in portfolio composition, resulting in improved overall portfolio performance.Created trader time tracking compliance solution that saved $200,000 in minimum wage back pay plus fines and penalties. Method was approved by the US Department of Labor.Authored Finance and Accounting Policies and Procedures portion of Compliance Manual.Acted as Administrator of the Fund and prepared books and records, partner capital statements, subscription documents, and cash flow processes.Acted as Chief Compliance Officer and point person during SEC examination. Aligned staff members functional expertise with examiners areas of concern resulting in no significant deficiencies and no fines or penalties being levied.SCHONFELD SECURITIES LLC New York, NY 1996 2004 Business AnalystConceived and designed weekly trader performance report for allocation of capital to proprietary traders. Rerouted capital to highest performing traders, resulting in increased trading profits.Prepared monthly analyses of ECN trading volumes and expenses. Recommendations accepted included developing programs to direct trades to lowest cost providers thereby reducing execution fees.Produced analyses for senior management ensuring that corporate targets were being met. OTHER RELEVANT EXPERIENCETHE BANK OF NEW YORK MELLON CORPORATION, New York, NY Assistant TreasurerEDUCATIONMaster of Business Administration, Finance, Carnegie Mellon University, Pittsburgh, PA Bachelor of Arts, Psychology, Emory University, Atlanta, GA |
