Assistant Controller

New York, NY

Job Description

  • Oversee the fund accounting team, providing guidance and leadership in the day-to-day operations of fund accounting for our open-ended hedge funds, and closed-end credit funds.
  • Understand complex multinational fund structures, complex financial instruments, and complex incentive and carried interest waterfalls
  • Ensure accurate and timely preparation of financial statements, investor reports, and capital account allocations in compliance with regulatory requirements and industry standards.
  • Serve as a primary point of contact for our investor relations Client Partner Group (“CPG”), ensuring support and timely responses to requests from the firm’s clients.
  • In-depth understanding our unique fund structures, investment strategies, and reporting requirements
  • Build and maintain strong relationships throughout the firm, including legal, compliance, tax, operations and CPG, addressing inquiries, resolving issues, and providing strategic insights to support our business objectives.
  • Prepare and review complex financial statements and investor reports, ensuring accuracy and adherence to GAAP, IFRS, and relevant accounting standards.
  • Oversee year-end financial reporting process, including, preparation of GAAP disclosure and admin oversight checklists, management of external vendors in the process (auditors, consultants and administrators), tracking comments and confirming and verifying the completeness and accuracy of the fund financial statements prior to issuance to the public.
  • Conduct financial analysis and performance measurement to support investment decision[1]making and fund performance evaluation.
  • Calculate fund performance (estimated and final), compile track records and ensure that disclosures accurately depict the methodologies employed.
  • Stay abreast of regulatory changes and updates affecting private funds, ensuring compliance with regulatory requirements and reporting obligations.
  • Collaborate with internal compliance and legal teams to address regulatory inquiries and maintain compliance with relevant laws and regulations.
  • Identify opportunities for process improvement and automation in fund accounting operations, leveraging technology and best practices to enhance efficiency and scalability.
  • Drive innovation initiatives to streamline workflows, reduce manual efforts, and improve overall service delivery.
  • Coordinate with outside administrator to ensure timely and accurate calculations of client NAVs. This includes:
  • Oversee the monthly NAV process which includes the reconciliation of NAV and P&L with the funds’ external administrator and the compilation of all supporting documentation necessary to facilitate monthly fund NAV sign-off; investor capital review, investments existence and valuation support, market value reconciliations, fund accrued expenses analysis, investment accrual support, etc.
  • Calculate monthly balance sheets and income statements, including all hedge fund Gross Asset Values, P&L, and side pocket profit and loss allocations.
  • Review of all administrator fee calculations, including management fees and incentive fees.
  • Lead efforts related to new fund launches
  • Create, maintain, and/or review distribution waterfall (carried interest) models
  • Review fund governing documents, ensuring compliance with offering documents and investment management agreements


Qualifications

  • Bachelor's degree in Accounting, Finance, or a related field.
  • CPA required
  • Minimum of 10 years of relevant experience in fund accounting, with a focus on hedge and
  • private equity funds.
  • Strong understanding of private fund structures, investment strategies, and industry best
  • practices.
  • In depth understanding of GIPS performance reporting a plus
  • Proven leadership and team management skills, with the ability to mentor and develop junior
  • staff.
  • Experience with Advent Geneva and/or Enfusion a plus
  • Excellent project management skills
  • Excellent verbal and written communication skills with the ability to interact with all levels of the organization
  • Proficiency in Microsoft Office suite, advanced Excel skills required

 


Real Estate
Manhattan

16258

$150,000 - $175,000
Bonus

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