Senior Accountant - Hedge Funds

Ultimus Fund Solutions; Milwaukee (WI); On-site; USD 85,000 - 110,000; Full time

Job summary

Ultimus Fund Solutions is seeking a Senior Accountant (Hedge) to ensure timely NAV calculations, investor allocations, and financial/investor statement preparation while coordinating with clients throughout the accounting process.

The role also involves mentoring staff accountants, interacting with clients and management, and contributing to audits and onboarding of new clients. A CPA or advanced degree is preferred, with strong proficiency in HedgeTek/HFPM and Microsoft Office.

Qualifications

• 3–5+ years’ experience in accounting or finance.
• Bachelor’s degree in accounting or related field required.
• MBA/MSA or CPA preferred.

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.

Skills

Microsoft Office Suite

HedgeTek

HFPM

Portfolio accounting software

Attention to detail

Multitasking

Education

Bachelor's Degree in Accounting or related field

MBA or MSA in Accounting or related field

Tools

HedgeTek

HFPM

Portfolio accounting software

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.