Controller

Our client is a boutique long/short equity hedge fund with 4B of AUM, with a historical IRR of 18% net of fees.  They are committed to delivering superior risk-adjusted returns to our investors through deep fundamental research, disciplined portfolio construction, and innovative investment strategies. 

Firm Overview 

Our client is a long/short equity hedge fund based in New York City and is an SEC-registered investment advisor. The firm was founded by seasoned professionals specializes in value and special situations investing and currently has about $3.5 billion in AUM with a strong track record that spans over a decade. 

Job Description 

We are seeking a highly motivated and detail-oriented Hedge Fund Controller to oversee the financial operations and accounting functions of the fund. The Controller will play a critical role in managing day-to-day accounting activities, ensuring compliance with regulatory standards, supporting investor relations, and providing timely, accurate financial reporting to stakeholders. 

The firm is looking for an intelligent, motivated, and experienced Controller to have a wide range of responsibilities spanning fund and management company accounting, tax, operations, along with elements of compliance and marketing. This person will support the CFO and the COO in these areas. 

The ideal candidate will have a mix of experience at an investment manager, fund administrator, and/or public accounting firm. The candidate must be detail-oriented, demonstrate a hands-on and proactive approach, with a keen sense of how to implement and enhance processes and controls. The candidate must be flexible and able to “wear many hats” in a small team environment. A sample of responsibilities include: 

Fund Accounting 

· Assist, and eventually manage, the month-end close process with fund administrator 

· Reconcile cash, positions, and transactions daily with prime brokers, counterparties, and fund administrator 

· Prepare a variety of daily, monthly, and quarterly internal and external reports (P&L attribution analysis, exposure reporting, etc.) 

· Prepare and set up fund expense payments and reporting 

Audit/Tax  

· Liaise with the audit and tax teams 

· Assist in the financial statement preparation in-house 

· Review tax allocations and K-1s 

· Assist in tax optimization for funds and management company 

Operations  

· Coordinate with prime brokers and counterparties 

· Review margin calls for accuracy 

· Assist in addressing trade breaks in a timely manner 

· Review and report on upcoming corporate actions 

· Assist in onboarding new counterparties 

Qualifications/Required Experience/Skills: 

· CPA with approximately 10 years of mixed experience at a public accounting firm, hedge fund, or fund administrator 

· Advanced Excel skills and working knowledge of portfolio accounting systems (Enfusion knowledge a plus)  

· Knowledge of investment and partnership accounting 

Tax knowledge a plus 

Strong attention to detail and process oriented 

· Self-driven and willing to learn new skills and tackle new projects 

· Strong written and verbal communication skills 

· Positive attitude and willing to work in a small team environment 

· Desire to learn multiple aspects of the investment management business, not just accounting