Author: GoingConcern

Job of the Week: SAS 70 Solutions Needs Senior Auditors

SAS 70 Solutions, Inc. is conducting a national search for Senior Auditors, with specific focus in California, Illinois and Texas.

Select qualifications include 2 to 5 years of Big 4 experience and currently holds or is pursuing any of the following certifications: CPA,
CISA, CISSP, PCI QSA and/or CIA.


Company: SAS 70 Solutions, Inc.

Title: Audit Senior

Location: National search with specifirnia, Illinois and Texas

Compensation: Competitive

Position Type: Permanent

Position Type: Full Time

COMPANY DESCRIPTION

SAS 70 Solutions was the first ever CPA firm founded for the purposes of performing SAS 70 audits. It is now the largest non-Big 4 provider of such services in the world. Over time, the company’s services have expanded to include other attestation services, such as SSAE 16 and AT 101 examinations, AUP reviews, and Trust Services certifications. The company also performs PCI DSS validations and ISO 27002 compliance assessments.

The company’s personnel are almost exclusively the alumni of the “Big 4” / Tier 1 global accounting firms. SAS 70 Solutions’ clients are located throughout the United States, and include a significant number of publicly traded and Fortune 1000 companies, as well as privately held organizations of all sizes.

SAS 70 Solutions builds on the best of what the “Big 4” firms have to offer, such as the ability to offer high quality professionals to our clients. It also eliminates the parts of the job that personnel tend to dislike about their “Big 4” experience, including time reporting, chargeability goals, small and arbitrary bonus amounts, sales pressure, and the practice of using inexperience associates to provide the bulk of professional services.

RESPONSIBILITIES

Because SAS 70 Solutions does not employ inexperienced associates, senior auditors provide the majority of all “hands-on” activities with oversight from an audit manager and shareholder. Activities include standard project execution and report preparation activities. Senior auditors report to audit managers, which rotate based on client assignment. Audit managers generally handle project planning and interaction with the client prior to an engagement. Client engagements typically last less than three weeks, which allows senior auditors the opportunity to work on many projects over the course of each year.

DESIRED QUALIFICAITONS

• Bachelor’s Degree in accounting, finance or other related topics
• Between two to five years of related experience within professional services in financial auditing, operational auditing, information systems auditing, internal auditing, information security consulting and/or risk consulting
• Achieved the “senior” auditor/consultant level at a “Big 4” firm
• Currently holds any of the following certifications – CPA, CISA, CISSP, PCI QSA and/or CIA
• Willingness to pursue relevant professional certifications (e.g. CPA, CISA, CIA, CISSP, PCI QSA, etc.)
• Demonstrated entrepreneurial abilities, client focus, industry savvy, and the ability to work independently or as part of a collaborative team
• Advanced written and verbal communication skills
• Strong analytical and interpersonal characteristics
• Ability to operate in a dynamic environment
• Demonstrated consistency in values, principles, and work ethic

BENEFITS

• Competitive salary
• Quarterly performance bonus, which has historically averaged in excess of $20,000 per annum
• The opportunity to work with other highly skilled personnel on a constant basis
• No time reporting!
• No financial audit support work!
• No chargeability goals, sales goals or managed fee goals!
• Monday morning through Thursday evening considered “standard travel”, with little or no travel scheduled on Fridays, Saturdays, or Sundays
• Travel bonuses for any non-standard travel (e.g., overnight flights and/or Friday, Saturday or Sunday travel)
• Confirmed client schedule and related travel that extends months into the future and rarely changes within 30 days of an engagement
• Twenty-five (25) days of personal time off
• Immediately vested annualized employer 401(k) matching of 6% of the employee’s base salary
• Employer paid (or subsidized) health, vision and dental insurance
•Employee directed health savings account

TRAVEL

Out-of-town travel is estimated at 50%, or more, and is heavily dependent on the candidate’s location. Candidates must be available to travel and work in excess of standard hours when necessary.

Questions or Resumes may be submitted to careers@sas70solutions.com

For further information about SAS 70 Solutions, Inc., visit http://www.sas70solutions.com. SAS 70 Solutions, Inc. typically does not pay relocation expenses for employment candidates. Non-US citizens will not be considered. SAS 70 Solutions, Inc. is an equal opportunity employer (EOE) and strongly supports diversity in the workplace.

Job of the Week: SAS 70 Solutions Needs Senior Auditors

SAS 70 Solutions, Inc. is conducting a national search for Senior Auditors, with specific focus in California, Illinois and Texas.

Select qualifications include 2 to 5 years of Big 4 experience and currently holds or is pursuing any of the following certifications: CPA,
CISA, CISSP, PCI QSA and/or CIA.


Company: SAS 70 Solutions, Inc.

Title: Audit Senior

Location: National search with specifirnia, Illinois and Texas

Compensation: Competitive

Position Type: Permanent

Position Type: Full Time

COMPANY DESCRIPTION

SAS 70 Solutions was the first ever CPA firm founded for the purposes of performing SAS 70 audits. It is now the largest non-Big 4 provider of such services in the world. Over time, the company’s services have expanded to include other attestation services, such as SSAE 16 and AT 101 examinations, AUP reviews, and Trust Services certifications. The company also performs PCI DSS validations and ISO 27002 compliance assessments.

The company’s personnel are almost exclusively the alumni of the “Big 4” / Tier 1 global accounting firms. SAS 70 Solutions’ clients are located throughout the United States, and include a significant number of publicly traded and Fortune 1000 companies, as well as privately held organizations of all sizes.

SAS 70 Solutions builds on the best of what the “Big 4” firms have to offer, such as the ability to offer high quality professionals to our clients. It also eliminates the parts of the job that personnel tend to dislike about their “Big 4” experience, including time reporting, chargeability goals, small and arbitrary bonus amounts, sales pressure, and the practice of using inexperience associates to provide the bulk of professional services.

RESPONSIBILITIES

Because SAS 70 Solutions does not employ inexperienced associates, senior auditors provide the majority of all “hands-on” activities with oversight from an audit manager and shareholder. Activities include standard project execution and report preparation activities. Senior auditors report to audit managers, which rotate based on client assignment. Audit managers generally handle project planning and interaction with the client prior to an engagement. Client engagements typically last less than three weeks, which allows senior auditors the opportunity to work on many projects over the course of each year.

DESIRED QUALIFICAITONS

• Bachelor’s Degree in accounting, finance or other related topics
• Between two to five years of related experience within professional services in financial auditing, operational auditing, information systems auditing, internal auditing, information security consulting and/or risk consulting
• Achieved the “senior” auditor/consultant level at a “Big 4” firm
• Currently holds any of the following certifications – CPA, CISA, CISSP, PCI QSA and/or CIA
• Willingness to pursue relevant professional certifications (e.g. CPA, CISA, CIA, CISSP, PCI QSA, etc.)
• Demonstrated entrepreneurial abilities, client focus, industry savvy, and the ability to work independently or as part of a collaborative team
• Advanced written and verbal communication skills
• Strong analytical and interpersonal characteristics
• Ability to operate in a dynamic environment
• Demonstrated consistency in values, principles, and work ethic

BENEFITS

• Competitive salary
• Quarterly performance bonus, which has historically averaged in excess of $20,000 per annum
• The opportunity to work with other highly skilled personnel on a constant basis
• No time reporting!
• No financial audit support work!
• No chargeability goals, sales goals or managed fee goals!
• Monday morning through Thursday evening considered “standard travel”, with little or no travel scheduled on Fridays, Saturdays, or Sundays
• Travel bonuses for any non-standard travel (e.g., overnight flights and/or Friday, Saturday or Sunday travel)
• Confirmed client schedule and related travel that extends months into the future and rarely changes within 30 days of an engagement
• Twenty-five (25) days of personal time off
• Immediately vested annualized employer 401(k) matching of 6% of the employee’s base salary
• Employer paid (or subsidized) health, vision and dental insurance
•Employee directed health savings account

TRAVEL

Out-of-town travel is estimated at 50%, or more, and is heavily dependent on the candidate’s location. Candidates must be available to travel and work in excess of standard hours when necessary.

Questions or Resumes may be submitted to careers@sas70solutions.com

For further information about SAS 70 Solutions, Inc., visit http://www.sas70solutions.com. SAS 70 Solutions, Inc. typically does not pay relocation expenses for employment candidates. Non-US citizens will not be considered. SAS 70 Solutions, Inc. is an equal opportunity employer (EOE) and strongly supports diversity in the workplace.

Good Riddance to Old Lease Accounting Rules

This story is republished from CFOZone, where you’ll find news, analysis and professional networking tools for finance executives.

I see that FASB is sticking to its schedule for ending most off-balance-sheet treatment for leases, and so is the IASB. It’s about time, frankly, if only to spare us poor, I mean, intrepid financial journalists from having to sort through the particulars of the current accounting treatment a moment longer than necessary.

I speak from personal experience here, having wrestled with the false distinction between capital and operating leases for a sidebar to a piece I wrote for CFO Magazine way back when. The article delved into the details of a particularly complex variation that companies were using to finance real estate, called synthetic leases.

I swear, that sidebar itself shaved a year off my life, and at my age, every one counts, and did even a decade or so ago.


In fact, the hoops that companies must jump though to get a deal to qualify as an operating lease still make my head spin. Consider: In order to qualify, the current rule, known as FAS 13, requires that the lease fail all of four tests aimed at distinguishing the financing from being the equivalent of ownership.

The thing that puzzled me about all this is that many, if not most, CFOs claimed that accounting treatment wasn’t the reason, or at least not the main one, that they used such financing techniques in the first place.

But the reason they gave often came down to their advantageous cost, and like all off-balance-sheet financing techniques, I could never quite understand how that lower cost arose without the accounting treatment.

After all, it seemed to me the only reason operating leases were less expensive than capital leases was that the underlying asset wasn’t counted as the property of the company by a sufficient number of investors willing to therefore pay a premium for the company’s equity. And if they did that, they were ignoring the fact that the asset was indeed the property of the company on anything other than a narrow, legal basis, and that the arrangement wasn’t financing its purchase.

So tell me again how off-balance-sheet financing results in lower cost if it doesn’t really do that.

Job of the Week: SAS 70 Solutions Needs Senior Auditors

SAS 70 Solutions, Inc. is conducting a national search for Senior Auditors, with specific focus in California, Illinois and Texas.

Select qualifications include 2 to 5 years of Big 4 experience and currently holds or is pursuing any of the following certifications: CPA,
CISA, CISSP, PCI QSA and/or CIA.


Company: SAS 70 Solutions, Inc.

Title: Audit Senior

Location: National search with specifirnia, Illinois and Texas

Compensation: Competitive

Position Type: Permanent

Position Type: Full Time

COMPANY DESCRIPTION

SAS 70 Solutions was the first ever CPA firm founded for the purposes of performing SAS 70 audits. It is now the largest non-Big 4 provider of such services in the world. Over time, the company’s services have expanded to include other attestation services, such as SSAE 16 and AT 101 examinations, AUP reviews, and Trust Services certifications. The company also performs PCI DSS validations and ISO 27002 compliance assessments.

The company’s personnel are almost exclusively the alumni of the “Big 4” / Tier 1 global accounting firms. SAS 70 Solutions’ clients are located throughout the United States, and include a significant number of publicly traded and Fortune 1000 companies, as well as privately held organizations of all sizes.

SAS 70 Solutions builds on the best of what the “Big 4” firms have to offer, such as the ability to offer high quality professionals to our clients. It also eliminates the parts of the job that personnel tend to dislike about their “Big 4” experience, including time reporting, chargeability goals, small and arbitrary bonus amounts, sales pressure, and the practice of using inexperience associates to provide the bulk of professional services.

RESPONSIBILITIES

Because SAS 70 Solutions does not employ inexperienced associates, senior auditors provide the majority of all “hands-on” activities with oversight from an audit manager and shareholder. Activities include standard project execution and report preparation activities. Senior auditors report to audit managers, which rotate based on client assignment. Audit managers generally handle project planning and interaction with the client prior to an engagement. Client engagements typically last less than three weeks, which allows senior auditors the opportunity to work on many projects over the course of each year.

DESIRED QUALIFICAITONS

• Bachelor’s Degree in accounting, finance or other related topics
• Between two to five years of related experience within professional services in financial auditing, operational auditing, information systems auditing, internal auditing, information security consulting and/or risk consulting
• Achieved the “senior” auditor/consultant level at a “Big 4” firm
• Currently holds any of the following certifications – CPA, CISA, CISSP, PCI QSA and/or CIA
• Willingness to pursue relevant professional certifications (e.g. CPA, CISA, CIA, CISSP, PCI QSA, etc.)
• Demonstrated entrepreneurial abilities, client focus, industry savvy, and the ability to work independently or as part of a collaborative team
• Advanced written and verbal communication skills
• Strong analytical and interpersonal characteristics
• Ability to operate in a dynamic environment
• Demonstrated consistency in values, principles, and work ethic

BENEFITS

• Competitive salary
• Quarterly performance bonus, which has historically averaged in excess of $20,000 per annum
• The opportunity to work with other highly skilled personnel on a constant basis
• No time reporting!
• No financial audit support work!
• No chargeability goals, sales goals or managed fee goals!
• Monday morning through Thursday evening considered “standard travel”, with little or no travel scheduled on Fridays, Saturdays, or Sundays
• Travel bonuses for any non-standard travel (e.g., overnight flights and/or Friday, Saturday or Sunday travel)
• Confirmed client schedule and related travel that extends months into the future and rarely changes within 30 days of an engagement
• Twenty-five (25) days of personal time off
• Immediately vested annualized employer 401(k) matching of 6% of the employee’s base salary
• Employer paid (or subsidized) health, vision and dental insurance
•Employee directed health savings account

TRAVEL

Out-of-town travel is estimated at 50%, or more, and is heavily dependent on the candidate’s location. Candidates must be available to travel and work in excess of standard hours when necessary.

Questions or Resumes may be submitted to careers@sas70solutions.com

For further information about SAS 70 Solutions, Inc., visit http://www.sas70solutions.com. SAS 70 Solutions, Inc. typically does not pay relocation expenses for employment candidates. Non-US citizens will not be considered. SAS 70 Solutions, Inc. is an equal opportunity employer (EOE) and strongly supports diversity in the workplace.

Job of the Week: SAS 70 Solutions Needs Senior Auditors

SAS 70 Solutions, Inc. is conducting a national search for Senior Auditors, with specific focus in California, Illinois and Texas.

Select qualifications include 2 to 5 years of Big 4 experience and currently holds or is pursuing any of the following certifications: CPA,
CISA, CISSP, PCI QSA and/or CIA.


Company: SAS 70 Solutions, Inc.

Title: Audit Senior

Location: National search with specifirnia, Illinois and Texas

Compensation: Competitive

Position Type: Permanent

Position Type: Full Time

COMPANY DESCRIPTION

SAS 70 Solutions was the first ever CPA firm founded for the purposes of performing SAS 70 audits. It is now the largest non-Big 4 provider of such services in the world. Over time, the company’s services have expanded to include other attestation services, such as SSAE 16 and AT 101 examinations, AUP reviews, and Trust Services certifications. The company also performs PCI DSS validations and ISO 27002 compliance assessments.

The company’s personnel are almost exclusively the alumni of the “Big 4” / Tier 1 global accounting firms. SAS 70 Solutions’ clients are located throughout the United States, and include a significant number of publicly traded and Fortune 1000 companies, as well as privately held organizations of all sizes.

SAS 70 Solutions builds on the best of what the “Big 4” firms have to offer, such as the ability to offer high quality professionals to our clients. It also eliminates the parts of the job that personnel tend to dislike about their “Big 4” experience, including time reporting, chargeability goals, small and arbitrary bonus amounts, sales pressure, and the practice of using inexperience associates to provide the bulk of professional services.

RESPONSIBILITIES

Because SAS 70 Solutions does not employ inexperienced associates, senior auditors provide the majority of all “hands-on” activities with oversight from an audit manager and shareholder. Activities include standard project execution and report preparation activities. Senior auditors report to audit managers, which rotate based on client assignment. Audit managers generally handle project planning and interaction with the client prior to an engagement. Client engagements typically last less than three weeks, which allows senior auditors the opportunity to work on many projects over the course of each year.

DESIRED QUALIFICAITONS

• Bachelor’s Degree in accounting, finance or other related topics
• Between two to five years of related experience within professional services in financial auditing, operational auditing, information systems auditing, internal auditing, information security consulting and/or risk consulting
• Achieved the “senior” auditor/consultant level at a “Big 4” firm
• Currently holds any of the following certifications – CPA, CISA, CISSP, PCI QSA and/or CIA
• Willingness to pursue relevant professional certifications (e.g. CPA, CISA, CIA, CISSP, PCI QSA, etc.)
• Demonstrated entrepreneurial abilities, client focus, industry savvy, and the ability to work independently or as part of a collaborative team
• Advanced written and verbal communication skills
• Strong analytical and interpersonal characteristics
• Ability to operate in a dynamic environment
• Demonstrated consistency in values, principles, and work ethic

BENEFITS

• Competitive salary
• Quarterly performance bonus, which has historically averaged in excess of $20,000 per annum
• The opportunity to work with other highly skilled personnel on a constant basis
• No time reporting!
• No financial audit support work!
• No chargeability goals, sales goals or managed fee goals!
• Monday morning through Thursday evening considered “standard travel”, with little or no travel scheduled on Fridays, Saturdays, or Sundays
• Travel bonuses for any non-standard travel (e.g., overnight flights and/or Friday, Saturday or Sunday travel)
• Confirmed client schedule and related travel that extends months into the future and rarely changes within 30 days of an engagement
• Twenty-five (25) days of personal time off
• Immediately vested annualized employer 401(k) matching of 6% of the employee’s base salary
• Employer paid (or subsidized) health, vision and dental insurance
•Employee directed health savings account

TRAVEL

Out-of-town travel is estimated at 50%, or more, and is heavily dependent on the candidate’s location. Candidates must be available to travel and work in excess of standard hours when necessary.

Questions or Resumes may be submitted to careers@sas70solutions.com

For further information about SAS 70 Solutions, Inc., visit http://www.sas70solutions.com. SAS 70 Solutions, Inc. typically does not pay relocation expenses for employment candidates. Non-US citizens will not be considered. SAS 70 Solutions, Inc. is an equal opportunity employer (EOE) and strongly supports diversity in the workplace.

Job of the Day: The National Futures Association Needs an Audit Manager

The National Futures Association is looking for an experienced professional to fill an Audit Manager role in Chicago.

Primary responsibility to oversee the audits, financial analysis, investigations, and financial surveillance of NFA Members conducted by the audit staff and supervisors.

Qualifications include 5-8 years of experience and strong technical auditing skills. Ability to travel of 25%-30%.


Company: National Futures Association

Title: Audit Manager

Location: Chicago, IL

Compensation: $85,000 – $110,000

Responsibilities: An audit manager oversees the audits, financial analysis, investigations, and financial surveillance of NFA Members conducted by the audit staff and supervisors. A manager ensures key issues are identified and addressed and all necessary evidence is gathered for possible disciplinary cases. The manager allocates resources to ensure an efficient workflow and is responsible for training audit staff and supervisors and assessing their performance. Furthermore, a manager actively participates in the review of department’s functions and seeks opportunities to create new, innovative ways for enhancing productivity within the department. A manager also represents NFA through its educational initiatives and at other industry conferences.

Qualifications/Skills: Bachelor’s degree in business or equivalent work experience in compliance and/or financial auditing. 5-8 years of directly related experience in compliance, investigative or financial auditing. Strong technical auditing skills. Strong analytical and problem solving skills. Strong oral and written communication skills. Demonstrated ability to handle complex and challenging assignments. Ability to work effectively in a team environment. Self-starter with high initiative. Ability to travel 25 to 30% as part of a team. Possess an understanding of complex and sophisticated financial market issues. Previous supervisory experience. Futures industry experience preferred. Series 3 or equivalent financial industry experience preferred.

See the entire description over at the GC Career Center and visit the main page for all your job search needs.

C-Suite CPAs Remaining Pessimistic on the Economy

This story is republished from CFOZone, where you’ll find news, analysis and professional networking tools for finance executives.

Following up from our brief mention yesterday, senior level CPAs have turned much more pessimistic about the economy. And somewhat surprisingly, they are partly concerned about deflation.

Just 21 percent of CPAs serving as C-suite executives said they are optimistic about the US economy, way down from 40 percent who were optimistic in May and the lowest level since April 2009, according to the American Institute of Certified Public Accountants and the University of North Carolina’s Kenan-Flagler Business School’s latest Quarterly Economic Outlook Survey. What’s more, pessimists outnumbered optimists by a two-to-one margin.

Even more worrisome, 78 percent believe US business conditions will not return to pre-recession levels until 2012 or later.

This sentiment seems to parallel a number of recent economic and corporate reports.


Altogether, 40 percent were pessimistic about the economy, up from 25 percent in the last quarter.

“Our survey signals the nascent economic recovery that buoyed expectations last quarter is stalling,” said AICPA Vice President for Business, Industry and Government Carol Scott, in a press release accompanying the survey’s findings.

What are these numbers crunchers worried about? Unemployment and a tight credit market, to name two.

The survey found that CPAs are much less concerned about inflation these days. This is not surprising, given the economy’s lackluster pace, the high unemployment rate and the inability of companies to raise prices.

Interestingly, 20 percent are now concerned their organizations will be impacted by deflation in the next six months.

This is further proof that deflationary fears are not just coming from a fringe group of radical thinkers, but are now entering the mainstream.

One silver lining from the survey: Nearly one-quarter of the survey participants are upbeat about the prospects for their own organizations. Still 55 percent of survey respondents do not anticipate their organizations’ employment levels returning to pre-recession levels in the next year, compared with seven percent who anticipate staffing levels returning to normal in the next year.

Job of the Day: BNY Mellon Needs a CFO

BNY Mellon is looking for an experienced professional to fill the CFO of Wealth Management role in Boston.

The position is primarily responsible for planning, controlling, and the direction of the fiscal operations of the organization as the direct subordinate under the CEO.

Qualifications include 15+ years of experience with a CPA or MBA a plus.


Company: BNY Mellon Wealth Management

Title: CFO

Location: Boston, MA

Description: Primarily responsible for planning, controlling, and the direction of the fiscal operations of the organization as the direct subordinate under the CEO. Serves as a member of the senior management team and participates in developing overall policies, programs, objectives and goals. Develops, implements, and administers financial and accounting policies, procedures and systems, and has a broad responsibility for the company’s fiscal operations. Maintains consistent and appropriate financial procedures throughout the company; monitors financial policies, procedures, systems and controls to ensure compliance with regulatory requirements. Directs the preparation of various financial and operating statements and reports to management, Board of Directors, etc.

Qualifications/Skills: The qualified candidate will have 15+ years of experience related to the position required. Excellent management (financial and general), presentation, communication and consultative skills required. Strong business and strategic perspective/focus, as well as superior leadership and negotiation skills, are essential. B.A./B.S. in Business or equivalent experience; M.B.A. or C.P.A. preferred. Progressive accounting and financial analysis experience with at least advanced financial management concepts and managerial accounting and reporting concepts and processes.

See the entire description over at the GC Career Center and visit the main page for all your job search needs.

HP’s Actions in Hurd Case Do Not Impress

This story is republished from CFOZone, where you’ll find news, analysis and professional networking tools for finance executives.

When HP announced the stunning resignation of Chairman, Chief Executive Officer and President Mark Hurd on Friday, it seemingly wanted the world to think it took the moral high road.

In its press release, the company said a probe into possible sexual harassment charges against Hurd and HP by a former contractor to HP found no violation of HP’s sexual harassment policy, “but did find violations of HP’s Standards of Business Conduct.”

Ooh.


So, basically the company and Board were saying that ethics trumps performance, even when it comes to the guy widely credited for turning around the company.

The populists applauded, hoping that some companies have higher standards than, maybe, Wall Street, where the people who brought us the global financial crisis and caused millions of innocent people to lose their jobs also wound up being rewarded with huge bonuses.

However, these hopes were quickly dashed when we learned that poor Mark Hurd-who joins the growing ranks of the unemployed–will walk away with close to $30 million in severance.

So much for taking the high moral ground.

Now, defenders of Hurd’s package say his employment contract calls for this arrangement. It’s that simple. And a contract is a contract. Blah blah blah.

However, the reality is that if he were fired “with cause,” the company could have been off the hook from paying him anything. Hurd would have received zilch. Then their firing for breaching ethics would have had meat.

In most “with cause” cases, all the company needs to cite is an intentional breach of any of the company’s policies.

Of course, Hurd could have contested this decision and sued the company. But, that would have placed the onus on Hurd and enabled HP to take an even firmer ethical stand, which given its size and stature would have sent a loud and emphatic message to the business community.

But, alas, this was not the route HP’s Board wanted to go. In fact, the beginning of its press release announcing Hurd’s departure, says: “Hurd has decided with the Board of Directors to resign his positions effective immediately.”

On its subsequent conference call, the company reportedly said there was a legal settlement.

What does this mean? Either the company did not want Hurd to walk away with nothing. It could also mean it did not have a good case. It could also mean there were other undisclosed issues involved or Hurd might have some dirt on the company if there were a lawsuit and depositions were taken, even if it did not go to trial.

Of course, HP has its free market right to make a deal with Hurd.

However, don’t try to tell us you’re taking the high moral ground.

Job of the Day: UBS Needs a Fund of Fund Controller

UBS is looking for an experienced professional to fill a Fund of Fund Controller position in Stamford, CT.

Responsibilities include portfolio monitoring and analysis, product reporting and product and financial control.

Qualifications include several years of public accounting experience and a CPA. Fund of fund experience is a plus.


Company: UBS

Title: Fund of Fund Product Controller

Location: Stamford, CT

Description: This position is w/in Global Asset Management’s Multi-Manager Logistics team within UBS’ Alternative and Quantitative Investment platform based in Stamford. Reporting to the Stamford Alternative & Quantitative Product Control Team leader, the role is one of business decision support, product and financial control, MIS and Client reporting for our hedge fund portfolios. Working within a team of product controllers, this role offers candidates a fantastic opportunity to enter the hedge fund industry, support a dynamic business, build relationships globally and have direct exposure to the investment decision process.

Responsibilities: Maintain the fund of hedge fund portfolios in the portfolio management system; Data analysis to support portfolio risk management and cash management; Monitoring holdings for regulatory / compliance reporting; Supporting country specific reporting requirements; Portfolio guideline monitoring; Liquidity monitoring; Reviewing Net Asset Values from our administrators; Reporting Management and Incentive fees earned and AUM; Client Reporting and Ad Hoc Reporting; Marketing Support and RFP support; A&Q website product data and document approval.

Qualifications/Skills: Several years experience in public accounting and qualified CPA or experience in finance function; Hedge Fund /Fund of Funds experience; Undergraduate degree in Accounting or Finance.

See the entire description over at the GC Career Center and visit the main page for all your job search needs.