Fund Controller

Atlas Search; San Francisco (CA); On-site; USD 180,000 - 280,000; Full time

Job summary

Atlas Search is seeking a Hedge Fund Controller to oversee accounting, financial reporting, and operational finance for a portfolio of hedge funds and related entities.

This highly visible role partners with the investment team, senior management, administrators, auditors, tax advisors, and internal stakeholders to ensure accurate NAV, reporting, and compliance. The role requires 8–12+ years of hedge fund experience and leadership of accounting staff.

Qualifications

• 8–12+ years of accounting experience in hedge funds.
• Strong understanding of NAV calculations, partnership accounting, and investment accounting.
• Experience working with external auditors and fund administrators.
• Knowledge of management and performance fee calculations, investor allocations, and capital activity.

Responsibilities

• Oversee the full accounting and financial reporting process for hedge funds and related entities.
• Review NAV calculations, capital activity, P&L, expenses, accruals, and investment activity.
• Manage relationships with third-party fund administrators and ensure timely reporting.
• Review financial statements, investor reporting, capital statements, and fund-level reporting.
• Oversee the year-end audit process with external auditors; resolve issues.
• Partner with tax advisors on fund tax reporting, K-1s, estimates, and related matters.
• Review management, incentive, and performance fees; monitor fund expenses.
• Monitor cash activity: capital calls, distributions, subscriptions, redemptions, allocations.
• Collaborate with investment team on portfolio activity and accounting treatment.
• Review and improve fund accounting policies, procedures, and internal controls.
• Support onboarding of new funds and strategies; assist with regulatory and management reporting.
• Identify opportunities to automate and improve processes; mentor junior staff.

Skills

Hedge fund accounting

NAV calculations

Partnership accounting

Investment accounting

External auditors

Fund administrators

Fee calculations

Investor allocations

Capital activity

CPA

Education

Bachelor's degree in Accounting/Finance

CPA strongly preferred

Job description

Our client, a hedge fund that is scaling their fund operations, is seeking a Hedge Fund Controller to oversee the accounting, financial reporting, and operational finance functions for a portfolio of hedge funds and related investment entities. This is a highly visible role that will partner closely with the investment team, senior management, administrators, auditors, tax advisors, and other internal stakeholders.

Responsibilities

• Oversee the full accounting and financial reporting process for hedge funds and related entities.
• Review and oversee monthly, quarterly, and annual NAV calculations, including review of capital activity, P&L, expenses, accruals, and investment activity.
• Manage relationships with third-party fund administrators and ensure accurate and timely delivery of fund accounting and reporting.
• Review financial statements, investor reporting, capital statements, and other fund-level reporting.
• Oversee the year-end audit process, including coordination with external auditors and resolution of audit issues.
• Partner with tax advisors on fund tax reporting, K-1s, tax estimates, and related matters.
• Review management fees, incentive allocations, performance fees, and other fund expenses.
• Monitor cash activity, capital calls, distributions, subscriptions, redemptions, and investor allocations.
• Work closely with the investment team to understand portfolio activity and ensure appropriate accounting treatment.
• Review and improve fund accounting policies, procedures, and internal controls.
• Support the onboarding of new funds, investment vehicles, and strategies.
• Assist with regulatory, compliance, and management reporting as needed.
• Identify opportunities to automate and improve accounting and reporting processes.
• Manage and mentor junior accounting professionals, where applicable.

Requirements

• 8–12+ years of accounting experience, with significant experience in hedge funds,
• Bachelor's degree in Accounting, Finance, or related field.
• CPA strongly preferred. MBA/CFA nice to have
• Strong understanding of hedge fund accounting, NAV calculations, partnership accounting, and investment accounting.
• Experience reviewing financial statements and working directly with external auditors and fund administrators.
• Knowledge of management and performance fee calculations, investor allocations, and capital activity.