Accounting Analyst

SummitTX Capital; Fort Worth (TX); On-site; USD 60,000 - 100,000; Full time

Job summary

An established industry player in the hedge fund sector is looking for a Fund Accounting Analyst to join their dynamic team. This role is crucial for managing daily accounting activities, collaborating with various departments, and ensuring compliance with financial regulations. The ideal candidate will have a strong background in accounting, particularly with US GAAP and hedge funds, and will be adept in using Microsoft applications, especially Excel. This is an exciting opportunity to contribute to a firm with over $3 billion in assets under management, where your skills will directly impact the firm's growth and success.

Qualifications

• 2-3 years of accounting experience required, preferably in hedge funds.
• US GAAP Financial Statement experience is mandatory.

Responsibilities

• Review deliverables related to fund NAV and financial statements.
• Engage with external service providers and support audit processes.

Skills

Microsoft applications

Excel mastery

Interpersonal skills

Teamwork

Attention to detail

Time management

Education

Bachelor's Degree

Master in Accountancy

CPA Certification

Job description

Join the Fund Accounting team at SummitTX Capital, a multi-strategy, equity-oriented market neutral / low net hedge fund with assets under management (AUM) over $3 billion. Our firm has achieved consistent growth and established itself as a leading player in the multi-manager segment of the hedge fund industry. As we continue to expand, we are seeking a Fund Accounting Analyst to support the day-to-day accounting activities of the SummitTX Capital funds. The role reports directly to the Controller and will work closely with the Accounting Manager. The role will play a pivotal role in supporting the SummitTX Capital fund accounting function and collaborate closely with the operations, marketing, compliance and legal teams.

Duties/Responsibilities:

• Perform primary review of deliverables related to the fund NAV, including daily estimates, financial statements, valuation, investor statements, and other ad-hoc reporting (daily, weekly, monthly, annual)
• Perform day-to-day accounting activities of the fund such as input into and review of our shadow accounting system and expense processing.
• Actively liaising with the investment, operations, tax, corporate accounting, compliance, marketing, and legal teams
• Closely engage with key external service providers (including the administrator, banks, legal, auditors, etc.) and counterparties on a frequent basis
• Perform calculations of complex management fees, incentive fees, and allocations across multiple relationships
• Support external audit process including financial statement review and ensuring audit requests are provided timely
• Assist with maintaining compliance with relevant accounting and reporting provisions of the governing documents of the funds and investment management agreements

Required Skills/Abilities:

• Broad knowledge of Microsoft applications, demonstrated mastery of Excel
• Excellent interpersonal skills, frequent and clear communicator, should be responsive and results-oriented
• Ability to work in a team-oriented environment
• Organized, high level of initiative, self-directed and independent worker with a strong attention to detail and time management skills

Education and Experience:

• A Bachelor's Degree required, and a Master in Accountancy a plus
• 2-3 years of accounting experience (may include public accounting/Big 4 background)
• US GAAP Financial Statement experience required
• Hedge Fund experience preferred
• CPA Certification required