Summary:
The Private Fund Accounting Department oversees a wide range of hedge funds structured in various legal entity types such as master/feeder and stand-alone entities. The department is responsible for confirming the accuracy of NAV reporting by the third-party administrators, annual audited financial statements, performance and expense figures, and various periodic reporting. This role works within a team of six professionals focused on hedge funds in performing various functions, as described below, but also sits within a broader fund accounting team, based in New York City, overseeing various registered vehicles in global regions.
Responsibilities:
- Review of the administrators monthly hedge fund NAV packages
- Review annual audited financial statements and financial highlights including all related footnotes and disclosures
- Provide support to independent audit firms during audit and tax annual cycles
- Assist with certain regulatory reporting items such as Forms N-PORT, PF, AIFMD, and CPO as well as oversee certain tax reporting items
- Analyze/review monthly capital activity and a variety of calculations including performance/incentive fees, management fees, expense rebates, and rates of return
- Processing and tracking fund expenses for payment and reviewing expense accruals
- Handle responses to ad hoc requests from PM teams, Finance, Investor Relations, etc.
- Manage cross-functional relationships between internal and external parties including portfolio managers, operations, fund administrators, tax preparers and auditors
Requirements:
- Bachelor's degree in accounting or finance preferred or equivalent experience
- 1 - 5 years of relevant hedge fund accounting or related fund accounting experience
- Strong understanding of accounting theory, fund accounting, and financial reporting
- Strong computer skills with a proficiency in MS Excel
- Ability to multitask in a fast-paced environment
- Excellent written and oral communication skills
- Team player and ability to work independently with a strong attention to detail
- Ability to offer suggestions to improve processes and controls a plus.
- Shift - EMEA (2pm - 11pm IST)
