Hedge Fund Accountant

Wall Street Careers®; United States; Hybrid; USD 90,000 - 100,000; Full time

Benefits offered by this job

Medical insurance

Vision insurance

401(k)

Pension plan

Child care support

Paid maternity leave

Paid paternity leave

Disability insurance

Job summary

A growing investment management firm is seeking an Associate with a degree in Accounting and over a year of experience in alternative investment fund accounting. The role involves daily hedge fund accounting tasks, ensuring compliance and accurate financial reporting. Duties include preparing financial statements, reconciling NAV reports, and collaborating with trade operations. The position offers a comprehensive benefits package, including medical insurance and a 401(k), and supports a hybrid work model in NYC.

Qualifications

• 1+ years of experience in alternative investment fund accounting and reporting (e.g., hedge funds).
• Knowledge of Management and Incentive Fee terms and calculations.
• Basic understanding of stocks, bonds, and derivatives.

Responsibilities

• Ensure accurate financial reporting and compliance through daily hedge fund accounting functions.
• Prepare and maintain accounting records and financial statements.
• Reconcile month-end NAV reports and resolve discrepancies.
• Work with Trade Operations to resolve reconciliation issues.
• Assist in fund expense accrual budgeting and payment processes.
• Develop and improve internal controls and procedures.

Skills

Fund accounting

Financial reporting

Compliance

Data reconciliation

Education

Degree in Accounting

Tools

Advent Geneva

Arcesium

Duco

Job description

This range is provided by Wall Street Careers®. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base pay range

$90,000.00/yr - $100,000.00/yr

Additional compensation types

Annual Bonus

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COMPANY:

A growing investment management firm with over $22 billion+ AUM focused on hedge fund and private equity strategies. 200+ employees

Location: NYC | Hybrid |WFH 3 days.

Responsibilities:

• Daily Hedge Fund accounting functions ensuring accurate financial reporting and compliance
• Prepare, review, and maintain accounting records, financial statements, and tax workpapers
• Reconcile month-end Net Asset Value (NAV) reports with the fund administrator and resolve any discrepancies to ensure accurate reporting.
• Upload and reconcile transactions across various systems, ensuring data consistency and accuracy
• Work closely with the Trade Operations group to troubleshoot and resolve issues related to cash, position, and market value reconciliation breaks
• Assist in the fund expense accrual budgeting and payment processes, ensuring timely and accurate expense processing
• Develop, monitor, and improve internal controls, policies, and procedures to ensure operational efficiency, compliance, and best practices
• Knowledge and experience with various Management and Incentive Fee terms and calculations
• Basic understanding of stocks, bonds, foreign currencies, derivatives (exchange-traded and OTC), and other complex financial instruments

Requirements:

• Degree in Accounting
• 1+ years of experience in alternative investment fund accounting and reporting (e.g., hedge funds)
• Experience with Advent Geneva, Arcesium platform, and Duco software a plus

Seniority level

Associate

Employment type

Full-time

Job function

• Finance and Accounting/Auditing

Industries

• Financial Services and Investment Management

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Inferred from the description for this job

• Medical insurance
• Vision insurance
• 401(k)
• Pension plan
• Child care support
• Paid maternity leave
• Paid paternity leave
• Disability insurance