Millennium Management, a leading global multi-strategy hedge fund, is seeking a highly skilled and detail-oriented Commodities Manager to join our Fund Accounting team. This role is integral to ensuring the accurate accounting, reporting, and operational oversight of commodities-related investments within the firm’s diverse portfolio. The ideal candidate will possess deep expertise in commodities markets, fund accounting principles, and operational processes within a hedge fund environment.
Principal Responsibilities
- Fund Accounting & Reporting:
- 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.
- Trade Support & Reconciliation:
- Work closely with trading desks, operations, and counterparties to resolve discrepancies and ensure accurate reporting.
- Risk & Performance Analysis:
- Provide insights into market trends and their impact on portfolio valuation and risk metrics.
- Process Optimization:
- 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.
- Regulatory Compliance:
- Ensure adherence to relevant regulatory frameworks, including GAAP, IFRS, and other applicable standards.
- Prepare audit documentation and liaise with external auditors as needed.
- Cross-Functional Collaboration:
- Partner with portfolio managers, risk teams, middle office, compensation, legal and operations to provide accounting insights and support decision-making.
- Act as a subject matter expert on commodities accounting within the firm.
Qualifications/Skills Required
- Qualifications:
- Education: Bachelor’s degree in Accounting, Finance, Economics, or a related field. CPA, CFA, or equivalent certification preferred.
- Experience:
- 10+ years of experience in fund accounting, with a focus on commodities markets.
- Previous experience in a hedge fund, asset management firm, or commodities trading environment is highly desirable.
- 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.
- Knowledge:
- Strong understanding of commodities markets, including derivatives and physical assets.
- Familiarity with regulatory requirements impacting hedge funds and commodities trading.
- Soft Skills:
- Exceptional analytical and problem-solving abilities.
- Strong communication and interpersonal skills to collaborate across teams.
- Ability to work in a fast-paced, high-pressure environment with a focus on accuracy and attention to detail.
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. When finalizing an offer, we take into consideration an individual’s experience level and the qualifications they bring to the role to formulate a competitive total compensation package.