Senior Accountant - Hedge Funds

Ultimus Fund Solutions; Boston (MA); On-site; USD 95,000 - 125,000; Full time

Job summary

Ultimus Fund Solutions, based in Boston, seeks a Senior Accountant (Hedge) to oversee NAV calculations, investor allocations, and the preparation of financial and investor statements. You will interact with clients and internal teams to ensure accurate reporting and timely delivery.

In this role you will mentor staff accountants, support client audits, and participate in onboarding new clients while maintaining strong internal controls and adherence to fund documents.

Qualifications

• 3–5+ years’ experience in Accounting or Finance.
• Bachelor’s Degree in Accounting or a related field.
• MBA or MSA in Accounting strongly preferred.
• Certified Public Accountant (CPA) license strongly preferred.
• Proficient with Microsoft Office; HedgeTek or HFPM software a plus.

Responsibilities

• Ensure timely NAV calculations and investor allocations.
• Prepare financial and investor statements.
• Mentor staff accountants and manage deadlines.
• Interact with clients, team members, and management.
• Perform reconciliations of portfolio activity with brokers and custodians.
• Review fund accounts’ NAVs for accuracy and documentation.
• Support audit engagements and onboarding of new clients.
• Assist with special projects as assigned.

Skills

Multitasking

Time management

Attention to detail

Planning

Problem solving

Professional communication

Education

Bachelor's Degree in Accounting

MBA or MSA (preferred)

CPA license (preferred)

Tools

Microsoft Office

HedgeTek

HFPM

Job description

Senior Accountant (Hedge) is responsible for ensuring timely and accurate NAV calculations, Investor allocations, preparation of financial and investor statements and communication with clients throughout the accounting process.

Senior Accountant (Hedge) will act as a mentor and resource for staff accountants to ensure that the day-to-day work and deadlines are completed as scheduled. This position will require regular interaction with clients, team members and management.

Responsibilities

• Process portfolio activity and perform reconciliations to broker/custodian/counterpart and/or client;
• Process account activity, performance, and trial balance reporting for clients’ funds/accounts;
• Process investor allocations and fees according to fund governing documents;
• Communicate with clients, custodians, third parties, and various levels of management;
• Review of correspondence with client to address inquiries as needed;
• Maintain a controlled operating environment in conjunction with company’s internal controls;
• Indicate knowledge of investment vehicles commonly used by clients;
• Prepare/review moderate to complex incentive fee calculations and management fee calculations;
• Participates in client audit engagement;
• Assist in the development and training of new team members as required;
• Coordination and completion of special projects as directed by the client or as directed by management as assigned;
• Assist with new client onboarding;
• Indicate thorough comprehension of relevant fund documentation; and
• Review fund accountants’ funds and NAVs for accuracy and appropriate documentations.

Qualifications

• 3 – 5+ years’ (relevant) experience in Accounting, Finance or related field preferred;
• Minimum of a Bachelor’s Degree in Accounting or related field;
• Advanced degree (MBA or MSA) in Accounting or related field strongly preferred;
• Certified Public Accountant (CPA) license is strongly preferred.
• Proficient in Microsoft Office Suite with knowledge of HedgeTek or other partnership accounting software and HFPM or other portfolio accounting software a plus;
• Ability to multitask, time management, attention to detail, planning and problem-solving skills required;
• Ability to communicate and interact professionally and effectively through written and oral communication with current and potential clients;
• Ability to work in a fast-paced environment and handle/manage multiple team and individual priorities and deadlines.