Senior Hedge Fund Controller

Brown Brothers Harriman•New York, NY

1d•$150,000 - $200,000

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 Senior Hedge Fund Controller to join the Capital Partners Fund Finance team. This role is responsible for the oversight of a team of Fund Controllers who own the accounting, financial reporting/analysis and tax reporting functions for the BBH Private Funds (the “Funds”) which includes hedge funds, real estate funds, fund of funds and private credit 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, Compliance, Risk, Legal, the BBH corporate accounting function, big 4 audit and tax firms, and other internal teams and senior stakeholders.

Requirements

Bachelor’s degree in Accounting or Finance required.
10+ years of relevant experience, with strong partnership accounting skills, strong knowledge of investment company accounting, and familiarity in reviewing audited financial statements.
CPA (or equivalent) preferred with big 4 experience.
Strong 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 adapt to shifting priorities and manage deliverables.

Nice To Haves

Real Estate Fund Accounting expertise a plus.

Responsibilities

Review and own monthly financial reporting received from service providers for the BBH Private Funds.
Lead the annual Fund audited financial statement’s function, footnotes and workbooks, provide feedback to the financial reporting team and manage audit deliverables.
Allocate resources appropriately for each Fund audit.
Develop a deep understanding of each underlying private security through study of legal documentation and advise on tax leakage consequences for security types in specific legal entities.
Own the development and implementation of accounting policy for the Private Funds.
Manage annual production of tax estimates, tax returns and K-1’s for all Private Funds.
Manage the Funds’ monthly, quarterly, and annual deliverables.
Own the Expense Management of each Fund and ensure that a strong internal control environment exists.
Review Fund analytics such as IRR’s and performance metrics for Fund and investor reporting.
Own the calculation of management fees and incentive allocations.
Own capital calls, distribution calculations and redemption payments for the Funds.
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.
Assist portfolio managers with ad hoc requests and present at senior-level internal meetings as needed.
Liaise with other important internal stakeholders as necessary, including leaders in Risk, Compliance, Legal, Client Service and Marketing.
Train, manage, educate and motivate team members.
Set challenging goals and manage the ongoing appraisal process.