Senior Fund Accountant

Cyperus Group LLC; Dallas (TX); On-site; USD 80,000 - 110,000; Full time

Benefits offered by this job

Competitive compensation

Comprehensive benefits package

Professional growth opportunities

Job summary

A well-established institutional hedge fund is seeking a Fund Accountant to support the accounting and financial reporting functions. Responsibilities include preparing and reviewing NAVs, overseeing third-party administrators, and partnering with internal teams. Qualified candidates should have a Bachelor’s degree in Accounting or Finance, 3 to 5 years of relevant experience, and strong analytical skills. The role offers exposure to sophisticated investment strategies and a collaborative culture with opportunities for professional growth.

Qualifications

• 3 to 5 years of experience with a Big 4 firm or other public accounting firm, fund administrator, or investment manager.
• Experience reviewing NAVs and working closely with third-party administrators.
• CPA or progress toward CPA preferred.
• Experience reviewing NAVs and working closely with third-party administrators.
• Proficiency in Excel; experience with fund accounting systems is a plus.
• CPA or progress toward CPA preferred.
• Strong analytical skills with attention to detail.
• Ability to work effectively in a fast-paced, deadline-driven environment.

Responsibilities

• Prepare and review daily, monthly, and quarterly NAVs for hedge fund entities.
• Oversee and review work performed by third-party fund administrators.
• Perform P&L review and analysis, including position-level variance analysis.
• Review portfolio activity including trades, corporate actions, financing, and income accruals.
• Assist with month-end and quarter-end close processes, including expense accruals and fee calculations.
• Support financial statement preparation in accordance with U.S. GAAP and coordinate with external auditors.

Skills

Strong analytical skills with attention to detail

Proficiency in Excel

Understanding of hedge fund structures

Deadline-driven

Team collaboration

Education

Bachelor’s degree in Accounting, Finance, or related field

Tools

Fund accounting systems

Job description

Our client is a well-established, institutional hedge fund offering a collaborative, high-performing finance environment with exposure to complex investment strategies. This role will support the fund accounting and financial reporting functions across multiple hedge fund vehicles and work closely with portfolio management, operations, and third-party service providers.

Key Responsibilities

• Prepare and review daily, monthly, and quarterly NAVs for hedge fund entities across complex investment strategies including equities, credit, and derivatives
• Oversee and review work performed by third-party fund administrators, ensuring accuracy, timeliness, and adherence to fund documentation and accounting policies
• Perform P&L review and analysis, including position-level variance analysis and investigation of pricing or booking discrepancies
• Review portfolio activity including trades, corporate actions, financing, and income accruals
• Assist with month-end and quarter-end close processes, including expense accruals, management and performance fee calculations, and investor allocations
• Support financial statement preparation in accordance with U.S. GAAP, including coordination with external auditors during annual audits
• Partner with internal teams such as operations, risk, compliance, and portfolio management to resolve accounting and valuation matters
• Assist with new fund launches, strategy expansions, and process improvement initiatives
• Review work prepared by junior team members as needed

Qualifications

• Bachelor’s degree in Accounting, Finance, or a related field
• 3 to 5 years of experience with a Big 4 firm or other public accounting firm, fund administrator, or investment manager
• Strong understanding of hedge fund structures and accounting for financial instruments such as equities, fixed income, and derivatives
• Experience reviewing NAVs and working closely with third-party administrators
• Proficiency in Excel; experience with fund accounting systems is a plus
• CPA or progress toward CPA preferred
• Strong analytical skills with attention to detail
• Ability to work effectively in a fast-paced, deadline-driven environment

Why Join

• Exposure to sophisticated investment strategies within an institutional hedge fund environment
• Opportunity to partner closely with portfolio management and senior stakeholders
• Collaborative culture with clear opportunities for professional growth
• Competitive compensation and comprehensive benefits package