Hedge Fund Controller

Charles River CFO, Inc.; Boston (MA); Hybrid; USD 180,000 - 280,000; Full time

Job summary

Charles River CFO, Inc. is seeking a Hedge Fund Controller for a New York-based hedge fund. The role leads fund accounting, financial reporting, and control functions, reporting directly to the CEO in a high-visibility capacity.

The candidate will manage the monthly close, fund-level accounting, performance reporting, and coordination with internal and external stakeholders in a fast-paced investment environment.

Qualifications

• Significant fund accounting experience as a Fund Controller.
• Experience supporting a hedge fund with large AUM (> $3B).
• Experience managing monthly close and financial statements.
• Experience with Enfusion by Clearwater or similar fund accounting platforms.

Responsibilities

• Oversee monthly, quarterly, and annual fund closes.
• Prepare financial statements, management reports, and schedules.
• Analyze fund-level P&L, performance, and variances.
• Oversee fund accounting activities including investments, income, expenses, accruals.
• Coordinate with fund administrator, prime brokers, custodians, and other partners.
• Support valuation processes and ensure policy alignment.
• Manage the annual audit with external auditors.
• Maintain internal controls and reporting processes.

Skills

Fund accounting experience

Hedge fund experience

Monthly close

Financial reporting

Excel proficiency

Communication with executives

Tools

Enfusion by Clearwater

Job description

Hedge Fund Controller

Location: Midtown Manhattan
Work Schedule: Full-time, 40 hours per week
Hybrid Schedule: On-site Tuesday through Thursday; remote Monday and Friday
Anticipated Start Date: Week of September 14
Reports To: CEO

Position Overview

A New York-based hedge fund is seeking an experienced Hedge Fund Controller to lead its fund accounting, financial reporting, and control functions. This individual will oversee the monthly close process, fund-level accounting, performance reporting, and coordination with internal and external stakeholders.

The ideal candidate is a hands-on fund controller experience supporting a hedge fund with more than $3 billion in assets under management. This is a highly visible position reporting directly to the CEO and requires strong technical accounting expertise, sound judgment, and the ability to operate effectively in a fast-paced investment environment.

Key Responsibilities

• Manage the monthly, quarterly, and annual close processes for the fund and related entities.
• Prepare and review financial statements, management reports, and supporting schedules.
• Prepare and analyze fund-level profit and loss, performance, and variance reporting.
• Oversee fund accounting activities, including portfolio transactions, investment activity, income, expenses, accruals, and allocations.
• Review reconciliations between internal accounting records, the fund administrator, prime brokers, custodians, and other counterparties.
• Monitor the accuracy and integrity of the fund's books and records.
• Review investor capital activity, including subscriptions, redemptions, transfers, and capital allocations.
• Coordinate with the fund administrator and other third-party service providers to resolve accounting and reporting discrepancies.
• Support valuation processes and ensure investments are recorded in accordance with applicable accounting policies.
• Manage the annual audit process and serve as a primary point of contact for external auditors.
• Support tax reporting and coordinate with external tax professionals as needed.
• Maintain and strengthen internal controls, accounting procedures, and financial reporting processes.
• Produce timely financial and operational reporting for the CEO and senior leadership.
• Identify opportunities to improve reporting, automate processes, and increase operational efficiency.
• Ensure compliance with applicable accounting standards, regulatory requirements, and internal policies.

Required Qualifications

• Significant fund accounting experience as a Fund Controller within a hedge fund.
• Experience supporting a hedge fund with more than $3 billion in assets under management.
• Strong knowledge of hedge fund accounting, financial reporting, performance reporting, and investment-related accounting.
• Demonstrated experience managing monthly close and financial statement preparation.
• Experience working with Enfusion by Clearwater or another fund accounting platform.
• Strong reconciliation, analytical, and problem-solving skills.
• Advanced proficiency with Microsoft Excel.
• Ability to communicate effectively with executive leadership, auditors, administrators, and other external partners.
• Ability to work on-site in Midtown Manhattan every Tuesday, Wednesday, and Thursday.

Preferred Qualifications

• Experience overseeing relationships with fund administrators, prime brokers, custodians, auditors, and tax professionals.
• Experience improving or automating fund accounting and reporting processes.
• Strong understanding of complex investment products and hedge fund structures.
• Experience operating in a lean, high-accountability investment management environment.