Hedge Fund Controller

Brown Brothers Harriman & Co.; Town of Boston (NY); On-site; USD 90,000 - 120,000; Full time

Job summary

Brown Brothers Harriman seeks a Hedge Fund Controller to join the Capital Partners Fund Finance team. You will oversee accounting, financial reporting, and tax reporting for BBH Private Funds, including real estate and hedge funds, interfacing with administrators, portfolio managers, and tax advisors.

You will lead audits, manage quarterly budgets, and ensure accurate waterfall calculations and fund analytics.

Qualifications

• Bachelor’s degree in accounting with 7–8 years of relevant experience and strong partnership accounting skills.
• Strong knowledge of investment company accounting and experience reviewing audited financial statements.
• Real estate fund experience.
• CPA (or equivalent) preferred with Big 4 background.
• Understanding of K-1 and partnership tax reporting.

Responsibilities

• Review and own quarterly financial reporting from service providers for multiple private real estate funds and other hedge funds.
• Review monthly/quarterly property-level financial reporting from sub-advisors and JV partners.
• Lead the annual Fund audited financial statements, footnotes, and workbooks; coordinate audit deliverables.
• Develop deep understanding of each private real estate fund and other funds via structure charts, PPMs, LPAs and formation docs.
• Manage Funds’ tax quarterly and annual deliverables including partnership returns and Schedule K-1s with tax advisors.
• Own quarterly budget process for the Funds and ensure expenses are paid timely with strong internal controls.
• Review Fund analytics (IRR) and maintain performance metrics for investor reporting.
• Own calculation of management fees and HWM fees; ensure compliance with governing documents.
• Coordinate capital calls, distributions, and redemption payments.

Skills

Partnership accounting

Real estate fund experience

CPA or equivalent

K-1 & partnership tax reporting

Analytical skills

Communication skills

Multi-fund management

Time management

Education

Bachelor’s degree in accounting

Job description

## Hedge Fund ControllerApplylocations: New York: Jersey City: Tampa: Pittsburgh: Bostontime type: Full timeposted on: Posted Todayjob requisition id: 71922At BBH, Partnership is more than a form of ownership—it’s our approach to business and relationships. We know that supporting your professional and personal goals is the best way to help our clients and advance our business. We take that responsibility seriously. With a 200-year legacy and a shared passion for what’s next, this is the right place to build a fulfilling career.Brown Brothers Harriman Capital Partners is currently recruiting a **Hedge Fund Controller** to join the Capital Partners Fund Finance team. This role is responsible for the oversight of the accounting, financial reporting/analysis and tax reporting functions for a group of BBH Private Funds (the “Funds”) which includes private real estate and hedge funds, sponsored by the BBH Capital Partners line of business. The role interfaces with the Funds’ administrators in Boston (Alternatives TA, Financial Reporting, Partnership Accounting and Tax), BBH product/portfolio managers and their teams, client relationship managers, the BBH corporate accounting function, big 4 audit and tax firms, and other internal teams and senior stakeholders.**Key responsibilities include:*** Review and own quarterly financial reporting received from service providers for multiple private real estate funds and other hedge funds. This role requires strong knowledge of private real estate fund structures including master-feeder and joint venture arrangements and associated accounting, valuation, tax and financial statement experience.* Review monthly/quarterly property level financial reporting received from sub-advisors and joint venture partners.* Lead the annual Fund audited financial statement’s function, footnotes and workbooks, provide feedback to the financial reporting team and manage audit deliverables.* Develop a deep understanding of each private real estate fund and other funds through review of structure charts, PPMs, LPAs and other legal formation documents.* Manage the Funds’ tax quarterly and annual deliverables including partnership returns, Schedule K-1s and coordination with tax advisors.* Own quarterly budget process of the Funds and ensure that the Fund’s expenses are paid timely providing a strong internal control environment and oversight of the BBH Private Funds.* Review Fund analytics such as IRR’s and maintain performance metrics for Fund and investor reporting.* Own the calculation of management fees and HWM fees and carried interest calculations comply with the fund’s governing documents and waterfall structure.* Coordinate capital calls, distribution calculations/analysis and redemption payments for the Funds.* Assist with initiating wire transfers for property acquisitions and ensure proper approvals and documentations are obtained for internal audit purposes.* Coordinate the set-up of new funds and the liquidation of closing funds. Review Fund-level legal agreements in connection with the initial fund set-up.* Work closely with other stakeholders including portfolio managers, sub-advisors, tax advisors, fund administrators, legal, compliance and risk teams.* Assist with various ad hoc analysis and reports**Qualifications/Requirements:*** Bachelor’s degree in accounting, 7 to 8 years of relevant experience, with strong partnership accounting skills, strong knowledge of investment company accounting and familiarity in reviewing audited financial statements.* Real Estate Fund experience.* CPA (or equivalent) preferred with big 4 experience.* Understanding of K-1 and Partnership tax reporting.* Strong analytical skills and the ability to identify and solve problems independently.* Strong communication skills to elevate and resolve issues with Service Providers.* The ability to manage multiple funds and meet deadlines in a fast-paced environment by shifting priorities, managing time effectively and work independently.**Salary Range**NY: $90,000 - $120,000 base salary + bonus opportunityMA: $80,000 - $120,000 base salary + bonus opportunityFL & PA: $70,000 - $90,000 base salary + bonus opportunity*BBH and its affiliates' compensation program includes base salary, discretionary bonuses, and profit-sharing. The anticipated base salary range(s) shown above are only for the indicated location(s) and may differ in other locations due to cost of living and labor considerations. Base salaries may vary based on factors such as skill, experience and qualification for the role. BBH's total rewards package recognizes your contributions with more than just a paycheck—providing you with benefits that enhance your experience at BBH from long-term savings, healthcare, and income protection to professional development opportunities and time off, our programs support your overall well-being.***We value diverse experiences.** We value diverse experiences and transferrable skillsets. If your career hasn’t followed a traditional path, includes alternative experiences, or doesn’t meet every qualification or skill listed in the job description, please do go ahead and apply.**About BBH:**Brown Brothers Harriman (BBH) is a premier global financial services firm, known for premium service, specialist expertise, technology solutions and partnership approach to client management. Across Investor Services and Capital Partners, we work with an enviable roster of sophisticated clients who make BBH their first call when they are tackling their hardest challenges. Delivering for our clients and each other energizes us.We believe that how we do our work is just as important as what we do. We are relentless problem solvers who know our best ideas come from collective debate and development—so we are never possessive about our ideas. Every day we come together as a diverse community of smart and caring people to deliver exceptional service and expert advice—creating success that lasts. No matter where you sit in the organization, everyone is empowered to contribute their ideas. BBHers can pick up the phone and call any colleague, and they are happy to help. Expanding your impact beyond your daily role is part of how we operate as trusted partners to one another.We believe stability is a competitive advantage, but being stable means having the knowledge, skill, and discipline to evolve, often—pushing the boundaries of innovation. As a private partnership, every investment we make is in the relationships, technologies, products and development we believe are in the long-term interests of our clients and our people. Our long-tenured leaders are experts in their areas and are actively involved in the day-to day business, taking the time to provide guidance and mentoring to build the next generation of BBHers. Because we know, our success begins with yours.Go to BBH.com to learn more about our rewards and benefits, philanthropy, approach to sustainability or how we support you to thrive personally, physically and financially.We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, age, genetic information, creed, marital status, sexual orientation, gender identity, disability status, protected veteran status, or any other protected status under federal, state or local law.