Fund Accounting Manager

HedgeServ Corporation; Fort Worth, Town of Texas (TX, WI); On-site; USD 120,000 - 180,000; Full time

Benefits offered by this job

Remote and hybrid work arrangements

Health and well-being benefits

Job summary

HedgeServ Corporation in Fort Worth, TX recruits a Fund Accounting Manager to oversee the NAV calculation process, supervise the Fund Accounting team, and ensure timely, accurate delivery of NAV calculations in line with HedgeServ procedures.

You will manage client relationships in coordination with senior directors, lead teams of up to 10 staff, review daily and monthly NAVs, and contribute to client onboarding and training while advancing controls and process improvements.

Qualifications

• Minimum 5 years’ experience in a Hedge Fund Administration firm, with at least 3 years at a supervisory level.
• Accounting, Finance, Legal or Business degree.
• Intention to actively pursue a professional accounting qualification (ACCA, CIMA, CPA, ACA) – not required but an advantage.
• Strong verbal and written communication skills.
• Strong analytical and problem‑solving skills.
• Flexibility to work effectively within a team structure or independently.

Responsibilities

• Manage client relationships in coordination with the relevant Fund Accounting Director to ensure consistent service delivery.
• Ensure the assigned fund accounting team operates within a clearly defined and documented control environment.
• Lead and develop client teams of up to 10 employees.
• Resolve fund accounting enquiries escalated by Supervisor or Administrator.
• Ensure all aged items on cash and position reconciliations are resolved in a timely manner.
• Review daily and monthly NAV calculations and improve NAV calculation workflows and procedures.
• Review fee calculations, profit and loss allocations, and applicable performance metrics (monthly, yearly, inception to date).
• Manage the audit process, ensuring timely and successful completion of fund audits including preparation for fund financial statements.
• Investigate accounting implications of new products.
• Manage and complete client initialization and transition activities.
• Participate in the development and presentation of fund accounting training.
• Lead fund accounting recruitment, training, and performance evaluations.
• Resolve exceptional problems and take on special projects or tasks as assigned.
• Handle complex client calls and establish effective relationships with Investor Services, Quality Assurance, Client Servicing and Compliance departments.

Skills

Leadership

Communication

Analytical thinking

Problem-solving

Team management

Education

Accounting/Finance/Legal/Business degree

Tools

IT literate

Job description

Job Summary

As a Fund Accounting Manager at HedgeServ, you will manage the overall NAV calculation process within the guidelines and procedures set by HedgeServ, under the supervision of a Fund Accounting Director and Managing Director. You will ensure the timely and accurate delivery of NAV calculations, assist in the development of client relationships, and maintain a detailed understanding of Hedge Fund Administration service requirements.

Responsibilities

• Manage client relationships in coordination with the relevant Fund Accounting Director to ensure consistent service delivery.
• Ensure the assigned fund accounting team operates within a clearly defined and documented control environment.
• Lead and develop client teams of up to 10 employees.
• Resolve fund accounting enquiries escalated by Supervisor or Administrator.
• Ensure all aged items on cash and position reconciliations are resolved in a timely manner.
• Review daily and monthly NAV calculations and improve NAV calculation workflows and procedures.
• Review fee calculations, profit and loss allocations, and applicable performance metrics (monthly, yearly, inception to date).
• Manage the audit process, ensuring timely and successful completion of fund audits including preparation for fund financial statements.
• Investigate accounting implications of new products.
• Manage and complete client initialization and transition activities.
• Participate in the development and presentation of fund accounting training.
• Lead fund accounting recruitment, training, and performance evaluations.
• Resolve exceptional problems and take on special projects or tasks as assigned.
• Handle complex client calls and establish effective relationships with Investor Services, Quality Assurance, Client Servicing and Compliance departments.

Qualifications

• Minimum of 5 years’ experience in a Hedge Fund Administration firm, with at least 3 years at a supervisory level.
• Alternative Hedge Fund experience may be considered.
• Accounting, Finance, Legal or Business degree.
• Intention to actively pursue a professional accounting qualification (ACCA, CIMA, CPA, ACA) – not required but an advantage.
• IT literate.
• Strong verbal and written communication skills.
• Strong analytical and problem‑solving skills.
• Flexibility to work effectively within a team structure or independently.
• Excellent interpersonal skills and the ability to determine when escalation is required.
• Strong systems, product and process knowledge.
• Leadership skills and ability to positively influence team morale.
• Demonstrated ownership of designated tasks.

Training & Development

• Receive induction training, compulsory AML/KYC training, and optional training.
• Additional client‑specific training will be provided by the Director and Managing Director.
• Opportunities for ongoing learning and professional development.

Benefits

Competitive salary and benefits packages, fully paid comprehensive health and well‑being benefits, and multiple remote and hybrid working arrangements.