Treasury/Portfolio Finance Associate - NYC

Location: New York
Base Salary: 90-130k
Total Compensation: 150-175k
Industry: Hedge Funds

Job Title:  Associate


Reporting to: Treasurer


Background Information: The treasury team currently consists of two members in New York and one in London. The position will report to the Treasurer and the individual will be required to be cross trained on all tasks and reporting within treasury.  As a member of the treasury team this individual will work closely with the trading desk, investment teams, middle office, operations, technology, tax, legal, accounting, risk, and compliance.


Davidson Kempner (DK) is a $35 billion+ alternative asset manager with a long-standing hedge fund business. DK launched its first drawdown fund in a closed-end format in 2011. Since then, DK has raised 9 drawdown, closed-end funds with total capital commitments >$10bln. 



Role Description


  • Execute cash movements between prime brokers and banking counterparties.
  • Review the firm’s PB margin calls, margin requirements, and cash balances.
  • Manage debits and collateral balances with prime brokers and synthetic financing across convert, merger arb, credit, and equity strategies. Obtain swap capacity from providers and monitor financing rates across providers.
  • Manage the securities lending and rerate process with prime brokers and swap counterparties.
  • Provide short interest color and reporting to PMs and associates.
  • Invest the firm’s unencumbered cash and recommend short term cash investment options as an alternative to money market investments.
  • Support global cash flow forecasting, liquidity reporting, and analysis for the hedge fund and closed end funds.
  • Run daily, weekly, and monthly reporting regarding margin, cash, collateral balances, and investment balances.
  • Process daily borrowings and repayments on lines of credit. Direct capital calls and distributions.
  • Project work assisting other members of the team on implementing a new treasury vendor, building out infrastructure to better manage margin requirements at PBs, setting of liquidity and unencumbered cash targets, and building out a process to manage target collateral balances at PBs.
  • Work with DK technology and vendors to build technology infrastructure to make processes more efficient and provide proper transparency to investment teams.



Ideal Candidate Qualifications:

  • Three to five years professional experience on buyside or sellside.
  • Strong analytical skillset and high attention to detail.
  • Highly proficient in Excel including VBA.
  • Experience with Alteryx or other end-to-end data analytics platform.
  • Exposure to closed end fund strategies and liquidity management.
  • Exposure to and understanding of hedge fund investment strategies including long/short equity, long/short credit, convertible bond, merger arbitrage and event driven strategies.
  • Experience with Geneva.
  • Superior communication and presentation skills.
  • Ability to multitask and work under pressure.

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