Description
We are seeking a highly skilled Commodities Finance Manager to join our Fund Accounting team. The ideal candidate will possess deep expertise in commodities markets, fund accounting principles, and operational processes within a hedge fund environment.
Principal Responsibilities:
- Oversee the accounting and reconciliation of commodities-related transactions, including futures, options, swaps, and physical commodities.
- Ensure timely and accurate preparation of monthly, and quarterly NAV calculations for commodities entities.
- Collaborate with the broader accounting team to ensure compliance with internal policies and external regulatory requirements.
- Work closely with trading desks, operations, and counterparties to resolve discrepancies and ensure accurate reporting.
- Provide insights into market trends and their impact on portfolio valuation and risk metrics.
- Identify and implement process improvements to enhance the efficiency and accuracy of commodities accounting workflows.
- Leverage technology and automation tools to streamline reporting and reconciliation processes.
- Ensure adherence to relevant regulatory frameworks, including GAAP, IFRS, and other applicable standards.
- Prepare audit documentation and liaise with external auditors as needed.
Qualifications/Skills Required:
- Education: Bachelor’s degree in Accounting, Finance, Economics, or a related field.
- Experience: 10+ years of experience in fund accounting, with a focus on commodities markets.
- Technical Skills: Proficiency in fund accounting systems (e.g., Geneva).
- Advanced Excel skills; familiarity with data visualization tools and programming languages (e.g., Python, SQL) is a plus.
- Strong understanding of commodities markets, including derivatives and physical assets.
- Familiarity with regulatory requirements impacting hedge funds and commodities trading.
Why Join Millennium Management?
Millennium Management is a premier global hedge fund with a reputation for excellence and innovation. As a Commodities Manager in Fund Accounting, you will have the opportunity to work alongside some of the brightest minds in the industry, contribute to the success of a world-class investment platform, and advance your career in a dynamic and rewarding environment.
Millennium pays a total compensation package which includes a base salary, discretionary performance bonus, and a comprehensive benefits package. The estimated base salary range for this position is $160,000 to $250,000, which is specific to New York and may change in the future.