Hedge Fund Controller

Brown Brothers Harriman & Co•Jersey City, NY

About The Position

At BBH, Partnership is more than a form of ownership—it’s our approach to business and relationships. We know that supporting your professional and personal goals is the best way to help our clients and advance our business. We take that responsibility seriously. With a 200-year legacy and a shared passion for what’s next, this is the right place to build a fulfilling career. Brown Brothers Harriman Capital Partners is currently recruiting a Hedge Fund Controller to join the Capital Partners Fund Finance team. This role is responsible for the oversight of the accounting, financial reporting/analysis and tax reporting functions for a group of BBH Private Funds (the “Funds”) which includes private real estate and hedge funds, sponsored by the BBH Capital Partners line of business. The role interfaces with the Funds’ administrators in Boston (Alternatives TA, Financial Reporting, Partnership Accounting and Tax), BBH product/portfolio managers and their teams, client relationship managers, the BBH corporate accounting function, big 4 audit and tax firms, and other internal teams and senior stakeholders.

Requirements

Bachelor’s degree in accounting
7 to 8 years of relevant experience
strong partnership accounting skills
strong knowledge of investment company accounting
familiarity in reviewing audited financial statements
Real Estate Fund experience
Understanding of K-1 and Partnership tax reporting
Strong analytical skills and the ability to identify and solve problems independently
Strong communication skills to elevate and resolve issues with Service Providers
The ability to manage multiple funds and meet deadlines in a fast-paced environment by shifting priorities, managing time effectively and work independently

Nice To Haves

CPA (or equivalent) preferred
big 4 experience

Responsibilities

Review and own quarterly financial reporting received from service providers for multiple private real estate funds and other hedge funds.
Review monthly/quarterly property level financial reporting received from sub-advisors and joint venture partners.
Lead the annual Fund audited financial statement’s function, footnotes and workbooks, provide feedback to the financial reporting team and manage audit deliverables.
Develop a deep understanding of each private real estate fund and other funds through review of structure charts, PPMs, LPAs and other legal formation documents.
Manage the Funds’ tax quarterly and annual deliverables including partnership returns, Schedule K-1s and coordination with tax advisors.
Own quarterly budget process of the Funds and ensure that the Fund’s expenses are paid timely providing a strong internal control environment and oversight of the BBH Private Funds.
Review Fund analytics such as IRR’s and maintain performance metrics for Fund and investor reporting.
Own the calculation of management fees and HWM fees and carried interest calculations comply with the fund’s governing documents and waterfall structure.
Coordinate capital calls, distribution calculations/analysis and redemption payments for the Funds.
Assist with initiating wire transfers for property acquisitions and ensure proper approvals and documentations are obtained for internal audit purposes.
Coordinate the set-up of new funds and the liquidation of closing funds.
Review Fund-level legal agreements in connection with the initial fund set-up.
Work closely with other stakeholders including portfolio managers, sub-advisors, tax advisors, fund administrators, legal, compliance and risk teams.
Assist with various ad hoc analysis and reports