Assistant Controller - Fund Accounting
About The Position
The candidate must be comfortable working in a rapidly changing environment with an ability to deliver high quality work in collaboration with colleagues in different offices and service providers in different time zones. Review calculation of estimated and final NAVs for a group of hedge funds and private equity funds, including FX classes of investors, side pockets and SMAs Ensure management fees, performance fees, distribution waterfalls, and allocations are calculated in accordance with PPMs, IMAs, LPAs and side letters. Review investor subscription, redemption and capital call and distribution documents processed/prepared by fund administrator(s) Shadow allocations for certain funds and maintain database with investor information Review fund operating expenses prepared by fund administrator and provide comments/changes Process expense payments related to the funds and review allocations based on the expense allocation policy Review of fund administrator-prepared annual financial statements, and liaise with external auditors and fund administrator(s) regarding financial reporting and timely issuance of financial statements Compile information for due diligence requests from investors and counterparties, assist with other ad hoc Prepare monthly reporting files for management and other interested parties Implement systems, processes, and procedures to improve efficiency while maintaining adequate internal control environment
Requirements
- Must have fund hedge fund accounting experience
- Accounting experience on Private Equity, Venture Capital, and CLO entities a plus
- Public or a mixture of Big 4 & private accounting experience; 8+ yrs. of fund accounting experience including
- Experience with investor and partnership allocations and related software (i.e. Backstop, Hedgetek, Investran, etc.)
- Exceptional analytical skills
- Strong attention to detail
- Team player with excellent communication skills.
- Ability to multitask
- Highly organized
Nice To Haves
- Accounting experience on Private Equity, Venture Capital, and CLO entities a plus
- Public or a mixture of Big 4 & private accounting experience
Responsibilities
- Review calculation of estimated and final NAVs for a group of hedge funds and private equity funds, including FX classes of investors, side pockets and SMAs
- Ensure management fees, performance fees, distribution waterfalls, and allocations are calculated in accordance with PPMs, IMAs, LPAs and side letters.
- Review investor subscription, redemption and capital call and distribution documents processed/prepared by fund administrator(s)
- Shadow allocations for certain funds and maintain database with investor information
- Review fund operating expenses prepared by fund administrator and provide comments/changes
- Process expense payments related to the funds and review allocations based on the expense allocation policy
- Review of fund administrator-prepared annual financial statements, and liaise with external auditors and fund administrator(s) regarding financial reporting and timely issuance of financial statements
- Compile information for due diligence requests from investors and counterparties, assist with other ad hoc
- Prepare monthly reporting files for management and other interested parties
- Implement systems, processes, and procedures to improve efficiency while maintaining adequate internal control environment
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
