Assistant Controller - Fund Accounting

SummitTX Capital; Town of Texas (WI); Hybrid; USD 120,000 - 180,000; Full time

Job summary

SummitTX Capital, L.P., based in Fort Worth, TX, seeks an experienced Assistant Controller to lead day-to-day and month-end accounting for the funds. The role reports to the Head of Accounting and oversees junior staff, coordinating with external administrators and auditors.

Key duties include reviewing fund NAV deliverables, managing shadow accounting, overseeing general ledger activity, and supervising complex fee calculations.

Qualifications

• Bachelor's Degree required; a Master in Accountancy is a plus.
• 7-10 years of progressive accounting experience; hedge fund or fund administrator experience preferred.
• CPA Certification required.
• Strong US GAAP financial statement experience.
• Hedge fund experience strongly preferred; familiarity with master-feeder structures and complex fee/allocation arrangements is a plus.

Responsibilities

• Own the review of fund NAV deliverables, including daily estimates, investment valuation, and investor statements, as the primary contact for the fund administrator.
• Lead day-to-day fund accounting operations, including shadow accounting, expense processing, and general ledger activity, ensuring accuracy and internal controls.
• Provide day-to-day task direction and technical review for Fund Accounting junior team members.
• Review and approve calculations of complex management fees, incentive/performance fees, and allocations across multiple relationships including side letters.
• Serve as a key contact for external service providers (fund administrator, auditors, tax preparers, compliance consultants) and resolve escalated issues.
• Manage the annual external audit process end-to-end and coordinate with auditors; review draft financial statements and footnotes.
• Oversee the fund tax compliance process, including K-1 preparation and offshore tax reporting; review tax workpapers for accuracy.
• Collaborate with corporate accounting, operations, marketing, compliance, and legal teams on cross-functional initiatives and workflow.
• Monitor ongoing compliance with governing documents and investment management agreements; flag discrepancies proactively.
• Identify and implement process improvements and system enhancements to increase efficiency and scalability.

Skills

US GAAP

Leadership

Fund accounting

Education

Bachelor's Degree

Master in Accountancy (plus)

Tools

Shadow accounting system

General ledger systems

K-1 preparation coordination

Job description

SummitTX Capital, L.P. ("SummitTX"), founded in July 2015, is an equity market neutral hedge fund manager headquartered in Fort Worth, Texas. Led by Caroline Cooley, CEO and Co-Chief Investment Officer, and Neilson Arbour, Co-Chief Investment Officer, SummitTX operates as an open architecture multi-manager platform, managing over $3 billion across three investment solutions, each offering a distinct risk/reward profile within a shared investment process and portfolio framework. The Firm's foundation is fundamental equity investing, executed by sector and regional specialists with deep domain expertise across global markets. Events and Systematic investing capabilities complement this core, enhancing portfolio construction and risk management across all three solutions. For more information, please visit (www.summittxcapital.com).

Location: Fort Worth, TX (Hybrid) or New York, NY (Hybrid)

Position Overview:

Join the Fund Accounting team at SummitTX Capital. We are seeking an experienced Assistant Controller to lead key aspects of the day-to-day and month-end accounting activities of the SummitTX Capital funds. The role reports directly to the Head of Accounting, will provide day-to-day work direction and technical review of junior team members, and will serve as a primary point of review and escalation before deliverables reach the Head of Accounting. The role will play a pivotal role in the SummitTX Capital fund accounting function and will collaborate closely with the corporate accounting, operations, marketing, compliance, and legal teams, as well as with the fund's external administrator and auditors.

Key Responsibilities:

• Own the review of fund NAV deliverables — including daily estimates, investment valuation, and investor statements — and serve as the primary point of contact for the fund administrator, escalating exceptions and ensuring deadlines are consistently met
• Lead and oversee day-to-day fund accounting operations, including maintenance of the shadow accounting system, expense processing, and general ledger activity, ensuring accuracy and adherence to internal controls
• Provide day-to-day task direction and technical review for Fund Accounting junior team members, ensuring accuracy and timeliness of deliverables
• Review and approve calculations of complex management fees, incentive/performance fees, and allocations across multiple relationships, including side letters
• Serve as a key point of contact for external service providers (fund administrator, auditors, tax preparers, compliance consultants), resolving escalated issues and driving timely resolution
• Manage the annual external audit process end-to-end, including coordination of PBC requests, resolution of auditor inquiries, and review of draft financial statements and footnote disclosures
• Manage the tax compliance process for the funds, including coordination with external tax preparers on K-1 preparation, offshore tax reporting, and review of tax workpapers for accuracy
• Partner with the corporate accounting, operations, marketing, compliance, and legal teams on cross-functional workflow and initiatives
• Monitor and ensure ongoing compliance with the accounting and reporting provisions of the governing documents of the funds and investment management agreements, flagging discrepancies proactively
• Identify, recommend, and help implement process improvements and system enhancements to increase the efficiency, accuracy, and scalability of the fund accounting function

Qualifications:

• A Bachelor's Degree required; a Master in Accountancy a plus
• 7-10 years of progressive accounting experience required, including public accounting/Big 4 and/or hedge fund or fund administrator experience
• Proven ability to guide, train, and review the work of junior teammates and provide constructive, technical feedback
• Strong US GAAP Financial Statement experience required
• Hedge fund experience strongly preferred; familiarity with master-feeder structures and complex fee/allocation arrangements a plus
• CPA Certification required
• Highly organized, self-directed with a strong attention to detail, sound judgment, and a hands-on, roll-up-your-sleeves approach