Senior Accountant - Hedge Funds

Ultimus Fund Solutions; New York (NY); On-site; USD 90,000 - 130,000; Full time

Job summary

Ultimus Fund Solutions is seeking a Senior Accountant (Hedge) in New York to ensure timely NAV calculations, investor allocations, and preparation of financial and investor statements. The role also requires mentoring staff accountants and regular interaction with clients, team members, and management.

The candidate will participate in client engagements, uphold internal controls, and coordinate with stakeholders to meet deadlines while developing team capabilities.

Qualifications

• 3–5+ years’ accounting or related field experience.
• Bachelor’s Degree in Accounting or related field.
• MBA or MSA in Accounting strongly preferred.
• CPA license strongly preferred.
• Proficient with Microsoft Office; knowledge of HedgeTek or similar software and HFPM is a plus.
• Strong multitasking, time management, and detail-oriented skills.
• Excellent written and oral communication with clients.
• Ability to work in a fast-paced environment and manage multiple priorities.

Responsibilities

• Process portfolio activity and perform reconciliations with brokers, custodians, and clients.
• Prepare account activity, performance, and trial balance reporting.
• Process investor allocations and fees per fund documents.
• Communicate with clients, custodians, third parties, and management.
• Review client correspondence and address inquiries.
• Maintain internal controls within the company framework.
• Prepare complex incentive and management fee calculations.
• Participate in client audit engagements.
• Help train and mentor new team members.
• Coordinate special projects as directed by clients or management.
• Assist with onboarding of new clients.
• Review fund accountants’ NAVs and documentation for accuracy.

Skills

Multitasking

Time management

Attention to detail

Planning

Problem-solving

Communication

Education

Bachelor's degree in accounting

MBA

MSA in accounting

CPA license

Tools

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.