Hedge Fund Controller
About The Position
A New York–based hedge fund is seeking an experienced Hedge Fund Controller to lead its fund accounting, financial reporting, and control functions. This individual will oversee the monthly close process, fund-level accounting, performance reporting, and coordination with internal and external stakeholders. The ideal candidate is a hands-on fund controller experience supporting a hedge fund with more than $3 billion in assets under management. This is a highly visible position reporting directly to the CEO and requires strong technical accounting expertise, sound judgment, and the ability to operate effectively in a fast-paced investment environment.
Requirements
- Significant fund accounting experience as a Fund Controller within a hedge fund.
- Experience supporting a hedge fund with more than $3 billion in assets under management.
- Strong knowledge of hedge fund accounting, financial reporting, performance reporting, and investment-related accounting.
- Demonstrated experience managing monthly close and financial statement preparation.
- Experience working with Enfusion by Clearwater or another fund accounting platform.
- Strong reconciliation, analytical, and problem-solving skills.
- Advanced proficiency with Microsoft Excel.
- Ability to communicate effectively with executive leadership, auditors, administrators, and other external partners.
- Ability to work on-site in Midtown Manhattan every Tuesday, Wednesday, and Thursday.
Nice To Haves
- Experience overseeing relationships with fund administrators, prime brokers, custodians, auditors, and tax professionals.
- Experience improving or automating fund accounting and reporting processes.
- Strong understanding of complex investment products and hedge fund structures.
- Experience operating in a lean, high-accountability investment management environment.
Responsibilities
- Manage the monthly, quarterly, and annual close processes for the fund and related entities.
- Prepare and review financial statements, management reports, and supporting schedules.
- Prepare and analyze fund-level profit and loss, performance, and variance reporting.
- Oversee fund accounting activities, including portfolio transactions, investment activity, income, expenses, accruals, and allocations.
- Review reconciliations between internal accounting records, the fund administrator, prime brokers, custodians, and other counterparties.
- Monitor the accuracy and integrity of the fund’s books and records.
- Review investor capital activity, including subscriptions, redemptions, transfers, and capital allocations.
- Coordinate with the fund administrator and other third-party service providers to resolve accounting and reporting discrepancies.
- Support valuation processes and ensure investments are recorded in accordance with applicable accounting policies.
- Manage the annual audit process and serve as a primary point of contact for external auditors.
- Support tax reporting and coordinate with external tax professionals as needed.
- Maintain and strengthen internal controls, accounting procedures, and financial reporting processes.
- Produce timely financial and operational reporting for the CEO and senior leadership.
- Identify opportunities to improve reporting, automate processes, and increase operational efficiency.
- Ensure compliance with applicable accounting standards, regulatory requirements, and internal policies.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
Education Level
No Education Listed
