This role acts as the primary liaison between the Prime Broker(s) and Administrator for the day-to-day operations of the Hedge product line. The Senior HF Accountant ensures that the Prime Brokers, International Fund Services Administration, our Investments and Portfolio Construction teams are all in sync to ensure accurate recordkeeping and timely settlement.
Resolving any cash, position or valuation breaks and instructing FX trades for foreign settlements.
Monitoring, researching and resolving trade settlement discrepancies
Monitoring the private placement file nightly to determine if any positions requiring fair value valuation are held on the Hedge funds and reported to IFS
Reporting on new buys to ensure the Administrator is accurately establishing the positions on their internal systems.
Monitoring regulatory reporting from the Prime Broker(s) related to the amount of credit that brokerage firms/dealers may extend to customers for the purchase of securities
Monitoring incoming voluntary corporate action notifications from the Prime Broker and ensure that notices requiring Portfolio Analyst elections are sent timely, monitored for response and elections subsequently communicated to the Prime Broker by the established deadline via an online portal
Preparing a detailed reconciliation of shares, price and market value between the portfolio packages provided by IFS and Putnams internal investment system (Portfolio Construction - PC)
On a monthly basis, the Senior HF Accountant is responsible for reviewing and approving the month-end NAV packages from IFS.
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