Associate Manager, Hedge Fund Accounting
About The Position
The Associate Manager, Hedge Fund Accounting is a leadership role overseeing hedge fund operations and a client service accounting team. The role guides staff, reviews NAV and P&L reporting and other financial work product, and helps ensure accurate, high-quality financial reporting for sophisticated clients. It works closely with clients and auditors and contributes to new product initiatives and operational improvements across complex fund structures. Responsibilities also include coordinating the US client service group’s accounting work plan, managing work in progress, maintaining client relationships, planning new client setups and conversions, resolving escalated accounting inquiries, providing technical accounting and industry guidance, and coordinating external audits. The position is based in Boston, Massachusetts, and is hybrid.
Requirements
- Bachelor’s degree in Accounting, Finance, or a related field.
- At least 4 years of accounting experience working for a hedge fund administrator.
- Experience with allocations and financial statements or audits.
- At least 2 years of experience supervising others.
- Strong knowledge of US GAAP.
- Prior experience with products including equities, fixed income, repurchase agreements, futures, FX, mortgages, and options.
- Solid knowledge of corporate actions.
- Advanced knowledge of MS Excel.
- Ability to work under pressure and manage tight internal and client deadlines.
- Strong verbal, written, and presentation communication skills.
Nice To Haves
- Master’s degree preferred.
- CPA or CFA is a plus.
Responsibilities
- Coach, train, and provide leadership to the client service team as needed.
- Review accounting staff work product, including P&L monitoring and pricing, NAVs, and economic allocations.
- Contribute to internal projects involving new product development, testing, and implementation.
- Coordinate the US client service group accounting staff’s work plan, including managing and monitoring work in progress.
- Manage client relationships and satisfaction.
- Establish plans for new client setups, reorganizations, and conversions.
- Resolve fund accounting inquiries escalated to a supervisor.
- Provide clients with technical accounting and industry knowledge.
- Coordinate, manage, and monitor the external audit process.
- Review client financial statements, partner capital statements, and other required financial reporting.
Benefits
- Medical coverage
- Dental coverage
- Vision coverage
- 401(k) plan with company match
- Paid time off
- Paid holidays
- Parental leave
- Professional development reimbursement opportunity
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What This Job Offers
Job Type
Full-time
Career Level
Manager
