Fund Accounting & Operations Associate
About The Position
Alternative Investments Associates and Accountants work as part of a team responsible for providing accounting, administration and investor servicing for hedge funds, private equity funds and closed-end registered products. Individuals calculate net asset value(s) and disseminate financial and performance information to the investment advisor and their investors. Acting as primary fund accountant on multiple relationships, ensures all fund accounting functions are in completed in accordance with Generally Accepted Accounting Principles (GAAP). Records trade information, income/expense activity and applies valuation of securities in the portfolio accounting system. Enters and reconciles all investor contributions and withdrawals in the partnership accounting system. Allocates fund level profits to individual investors for preparation and distribution of investor statements. Reviews and coordinates fund expense analysis and expense processing. Prepares fund financial statements, audit and tax schedules. This Associate will work collaboratively as part of a cross‑functional team responsible for internal reporting and operational support. They serve as a key liaison between Alternative Investments Operations and Billing department, ensuring accurate information flow, timely issue resolution, and alignment across departments. This role supports the effective management of alternative investment products by facilitating coordination, enhancing reporting processes, and maintaining strong internal controls.
Requirements
- Bachelor's degree in Accounting, Finance or a business-related field, or equivalent work experience
- Two to five years of related experience, preferably in portfolio/partnership accounting
- Thorough knowledge in accounting, reporting, and analysis
- Ability to identify and resolve/escalate complex problems with minimal guidance
- Ability to manage multiple tasks/projects and deadlines simultaneously
- Effective interpersonal, verbal and written communication skills
- Proficient computer navigation skills using a variety of software packages including Microsoft Office applications
Responsibilities
- Calculate net asset value(s) and disseminate financial and performance information to the investment advisor and their investors.
- Act as primary fund accountant on multiple relationships, ensuring all fund accounting functions are completed in accordance with Generally Accepted Accounting Principles (GAAP).
- Record trade information, income/expense activity and apply valuation of securities in the portfolio accounting system.
- Enter and reconcile all investor contributions and withdrawals in the partnership accounting system.
- Allocate fund level profits to individual investors for preparation and distribution of investor statements.
- Review and coordinate fund expense analysis and expense processing.
- Prepare fund financial statements, audit and tax schedules.
- Serve as a key liaison between Alternative Investments Operations and Billing department, ensuring accurate information flow, timely issue resolution, and alignment across departments.
- Support the effective management of alternative investment products by facilitating coordination, enhancing reporting processes, and maintaining strong internal controls.
Benefits
- Healthcare (medical, dental, vision)
- Basic term and optional term life insurance
- Short-term and long-term disability
- Pregnancy disability and parental leave
- 401(k) and employer-funded retirement plan
- Paid vacation (from two to five weeks depending on salary grade and tenure)
- Up to 11 paid holiday opportunities
- Adoption assistance
- Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law
- Incentive and recognition programs
- Equity stock purchase
- Pension
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
