Associate Director, Hedge Fund Accounting
About The Position
The Associate Director is part of SS&C’s New York coverage team in the EMEA Funds Services Department, working with a team that specializes in multi-manager, multi-fund platforms and Managed Account Platforms. The role supports a major client and is based in New York City or Union, New Jersey, with a hybrid work arrangement. The position oversees client service deliverables, including daily P&L reporting, monthly NAV, and middle- and back-office services. It requires working across internal service groups, combining fund accounting expertise with an understanding of daily operational processing. The Associate Director builds client and internal partnerships, manages projects and service issues, and helps ensure services support client growth and meet contractual and service-level requirements. The role also manages alternative investment fund accounting work, including technical accounting review, financial statement and audit coordination, and team development. It contributes to client onboarding, business development, revenue growth, and process and system improvements.
Requirements
- Bachelor's degree in Accounting or a related field.
- 8–10+ years of fund accounting experience, including significant experience with alternative investment funds.
- Strong knowledge of U.S. GAAP and other comprehensive bases of accounting, with an emphasis on investment partnerships.
- 3–5+ years of experience leading and developing accounting professionals.
- Ability to manage multiple priorities, projects, and client engagements in a fast-paced environment.
- Strong leadership, coaching, and relationship management skills.
- Excellent analytical, organizational, interpersonal, and communication skills.
Nice To Haves
- CPA designation.
- Hedge fund experience.
- Proficiency with various AI programs.
Responsibilities
- Provide fund accounting expertise to the Managed Account Platform team and oversee fund accounting service deliverables.
- Ensure global fund accounting projects are delivered for the Managed Account Platform area.
- Represent the Account Manager Team for a large Managed Account Platform client across global hedge funds and multiple jurisdictions.
- Understand client needs, formalize account plans, and facilitate regular in-person service review meetings.
- Manage client issues and projects through resolution across functions, building relationships with internal and external stakeholders.
- Ensure services are delivered in accordance with contracts and service level agreements.
- Oversee day-to-day processing across Fund Administration, including Middle Back Office, Fund Accounting, and Investor Services.
- Assist with investor due diligence questionnaires and presentations, and prepare SS&C Fund Administration Board Reports and present at quarterly Board Meetings.
- Support client-aligned deliverables produced by service teams across multiple locations.
- Provide system demonstrations and training to clients and discuss forthcoming system changes.
- Coordinate client onboarding with the Implementations team, ensuring subscribed services are included, testing is completed, and required approvals are obtained before launch.
- Manage a portfolio of alternative investment fund clients, oversee engagement timelines, and ensure deliverables are accurate and on schedule.
- Review fund governing documents, complex investment transactions, workpapers, management fee calculations, investor allocations, capital activity, and distribution waterfall models for compliance with fund terms and accounting standards.
- Oversee preparation and review of financial statements, supporting schedules, and other client deliverables, improving consistency, quality, and review controls.
- Coordinate year-end audits with clients, auditors, and internal tax teams.
- Coach, mentor, and develop team members through technical guidance, feedback, career support, and learning opportunities.
- Participate in client meetings, support business development, and proactively address client needs and expectations.
- Contribute to departmental initiatives and operational improvements.
- Identify process and system improvements across functions and investigate account growth and new-business opportunities.
- Develop ideas to increase revenue from existing and new clients and assist sales efforts, including presentations to prospective clients and consultants.
- Monitor industry-wide changes, understand their effects on clients’ business models, and ensure SS&C can provide STP solutions.
Benefits
- Medical coverage
- Dental coverage
- Vision coverage
- 401(k) plan with company match
- Paid time off
- Paid holidays
- Parental leave
- Professional development reimbursement opportunity
- May be eligible for an annual discretionary bonus and/or equity awards, such as restricted stock units or stock options, based on individual and business performance and company discretion
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What This Job Offers
Job Type
Full-time
Career Level
Senior
