Fund Accounting Account Manager
About The Position
As a member of the Fund Accounting team, this position is responsible for recording and reconciling portfolio and fund activity for assigned clients, calculating the fund’s NAV adhering to industry standards and internal procedures, allocating profit and loss to investors including the calculation of management and performance fees, processing and recording fund expense payments and ensuring cash wire requests are completed accurately and timely, generating and delivering fund and investor reports to fund managers and investors of assigned clients, preparing and delivering supporting materials as necessary for board meetings, financial statements and audit and regulatory requests related to assigned clients, communicating with internal and external entities to ensure best in class service levels and building relationships of cooperation, reviewing fund’s net asset value (NAV), investor statements and other work prepared by accountants for completeness and accuracy measuring against industry standards and internal procedures, mentoring, training, and supporting fund accountants, and assuring fund accounting tasks are completed accurately and timely.
Requirements
- Three or more years of experience in fund accounting for hedge funds
- Comfortable and proficient acting as a primary liaison with fund managers and other fund service providers
- Must be able to learn complicated concepts quickly
- Proficiency with Microsoft Office is essential, advanced Excel (formulas, pivot tables, and filtering) are a must.
Nice To Haves
- Familiarity with the types of investments held by hedge funds
- Experience working with portfolio and investor accounting systems, in particular Advent Geneva World Investor
- Experience working in an environment with internal control procedures, operating procedures, workflows, control checklists, and other elements of an internal control system
- Experience with financial reporting, information security and client, vendor, and risk management
Responsibilities
- Record and reconcile all portfolio and fund activity for assigned clients
- Calculate the fund’s NAV adhering to industry standards and internal procedures
- Allocate profit and loss to investors including the calculation of management and performance fees
- Process and record fund expense payments and ensure cash wire requests are completed accurately and timely
- Generate and deliver fund and investor reports to fund managers and investors of assigned clients
- Prepare and deliver supporting materials as necessary for board meetings, financial statements and audit and regulatory requests related to assigned clients
- Communication with internal and external entities to ensure best in class service levels; build relationships of cooperation
- Review fund’s net asset value (NAV), investor statements and other work prepared by accountants for completeness and accuracy measuring against industry standards and internal procedures
- Mentor, train, and support fund accountants
- Assure fund accounting tasks are completed accurately and timely
Benefits
- medical (including HSA options)
- dental
- vision plans
- company-paid life insurance and AD&D
- additional voluntary coverage options including short- and long-term disability
- 401(k) with employer match and immediate vesting
- Student loan repayment support
- HSA and flexible spending accounts (medical and dependent care)
- paid time off and holidays aligned with the NYSE market calendar
- EAP
- commuter benefits with employer contribution
- employee referral program
- optional insurance coverage (critical illness, accident, hospital)
- dedicated paid time to support causes and organizations meaningful to you
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
