Fund Controller

Glocap Search; New York (NY); On-site; USD 140,000 - 210,000; Full time

Job summary

Glocap Search seeks a Fund Controller for a hedge fund with end-to-end responsibility for fund accounting, tax compliance, and financial reporting. The role emphasizes accuracy in NAV calculations, GAAP financial statements, and reconciliation with prime brokers.

Ideal candidates have CPA credentials, 5+ years combined public accounting and hedge fund experience, and strong Enfusion and Excel skills to drive process improvements and robust controls.

Qualifications

• Bachelor’s degree in Accounting/Finance required.
• CPA required with 2–4 years of public accounting training (Big Four/KPMG-caliber).
• Approximately 5+ years combined public accounting and hedge fund tax/accounting experience.

Responsibilities

• Own end-to-end fund accounting: GL maintenance, NAV calculations, GAAP financial statements.
• Perform daily reconciliations with prime brokers and administrators; resolve breaks.
• Maintain and enhance accounting/reporting in Enfusion; ensure data integrity and automation.
• Review complex transactions (transfers, fees, carries) for accuracy and classification.
• Lead investor tax reporting (K-1s/K-3s) with external tax advisors.
• Oversee offshore fund tax compliance and cross-border reporting.
• Prepare and review Section 1061 analyses and API/CCI determinations.
• Develop cash flow forecasts for funds and management entities.
• Coordinate with auditors; support annual audit and controls.

Skills

Public accounting

Hedge fund accounting

Financial reporting

Excel proficiency

Communication

Audit coordination

Education

Bachelor’s degree in Accounting/Finance

Tools

Enfusion

Excel (advanced)

Job description

Hedge Fund seeks Fund Controller. The ideal candidate will have combined experience in public accounting and hedge fund accounting. The Controller will assume end-to-end responsibility for core fund accounting, tax compliance, and financial reporting.

Responsibilities:

Fund Accounting & Financial Reporting

• Own end-to-end fund accounting, including maintenance of the general ledger, daily/monthly NAV calculations, and preparation of GAAP-compliant financial statements for the funds
• Perform and review daily reconciliations with prime brokers and administrators, including cash, positions, and P&L, and promptly investigate and resolve any breaks or discrepancies
• Maintain and enhance accounting and reporting processes within Enfusion and related systems, with a focus on data integrity, control, and automation
• Review and reconcile complex transactions (internal transfers, fee and carry calculations), ensuring accuracy and appropriate classification

Tax Compliance & Structuring

• Lead review of investor tax reporting, including K-1s and K-3s, and coordinate with external tax advisors to ensure accurate and timely delivery
• Oversee offshore fund tax compliance and related information reporting, including coordination of local and cross-border requirements
• Perform and review Section 1061 analyses, including API/CCI determinations, and ensure proper treatment of carried interest and capital allocations
• Prepare and review quarterly and annual tax estimates for the funds, management company, and general partnership

General Partnership & Management Company Accounting

• Own full-cycle accounting for the general partnership and management company, including revenue recognition, expense allocations, and partner capital accounting
• Manage partner capital accounts, allocations, and distributions, including carried interest
• Develop and maintain cash flow forecasts across funds and management entities to support liquidity management and capital planning

Audit & Controls

• Serve as primary point of contact for external auditors, leading the annual audit process from planning through issuance
• Prepare and review audit workpapers, supporting schedules, and financial statement disclosures, addressing technical accounting issues as they arise
• Design, implement, and refine internal controls, accounting policies, and procedural documentation as the firm grows

Strategic Finance

• Partner with senior leadership on budgeting, forecasting, and AUM- and fee-related analytics to support firm-level decision making
• Provide clear, technically grounded explanations of financial and tax matters to portfolio managers, operations, and investor relations
• Identify and execute process improvements and system enhancements that strengthen the control environment and free capacity for higher-value work

Qualifications:

• Bachelor’s degree in Accounting, Finance, or a related field
• CPA required, with 2-4 years of training in a public accounting firm (Big Four/KPMG-caliber or comparable)
• Approximately 5+ years of combined experience in public accounting (ideally in financial services/alternative investments) and hedge fund tax and fund accounting
• Demonstrated experience reviewing K-1s and K-3s, addressing offshore fund tax requirements, performing Section 1061 API/CCI analyses, and handling general partnership and management company accounting
• Direct involvement in audit processes (either from the audit or issuer side), including preparation of workpapers and coordination with external auditors
• Strong systems aptitude, with experience using Enfusion strongly preferred, or a demonstrated ability to quickly learn and operate within Enfusion and other fund accounting and reporting systems
• Advanced Excel skills and comfort working in a fast-paced, entrepreneurial investment environment
• Clear, concise communication skills and the executive presence to interface with senior leadership, auditors, and investors as responsibilities expand