Senior Fund Accountant (Expanding Multi Strat Hedge Fund)

Mondrian Alpha; New York (NY); On-site; USD 90,000 - 130,000; Full time

Job summary

Mondrian Alpha in New York seeks a Senior Fund Accountant close to the investment business, with responsibility for NAV oversight and understanding diverse strategies.

You will review external NAVs, investigate P&L drivers, and work with portfolio management, operations, risk, tax, and tech to automate processes.

This role offers a path toward Fund Controller as the platform expands, with mentoring of junior staff and exposure to expanding fund products.

Qualifications

• 4–8 years of fund accounting, product control or financial reporting experience.
• Experience in hedge funds, asset managers, banks, or leading fund administrators.
• Strong understanding of investment products and complex trades.
• CPA or equivalent qualification is beneficial but not required.

Responsibilities

• Take ownership of fund accounting and NAV oversight for multiple strategies and entities.
• Review and challenge administrator-produced NAVs, not just pass data.
• Investigate P&L movements, valuation differences, trade breaks and accruals.
• Develop understanding of derivatives, credit instruments, and financing arrangements.
• Partner with investment and front-office teams to explain outcomes and resolve issues.
• Support onboarding of new funds and strategies.
• Assist with management and performance-fee calculations and investor allocations.
• Contribute to financial statement preparation and regulatory reporting.
• Identify opportunities to automate and improve data quality.
• Participate in AI, workflow automation and data-enhancement initiatives.
• Improve controls and documentation as the firm grows.
• Support and mentor junior team members.

Skills

Excel proficiency

Communication

Problem-solving

Education

CPA or equivalent

Tools

Excel

Automation tools

Data analysis software

Job description

Our client is one of the most compelling growth stories in the hedge fund industry over the past decade.

The firm has developed into a substantial multi-strategy investment platform, with assets, headcount and investment capabilities continuing to expand. It is attracting portfolio managers and senior talent from many of the world’s leading multi-manager firms, while launching new strategies across an increasingly broad range of markets and products.

The business now has the scale and complexity of a major institutional hedge fund, without the hierarchy or bureaucracy often associated with the largest platforms. People are given meaningful responsibility, access to senior decision-makers and the opportunity to progress as the organisation grows.

They are looking to hire a Senior Fund Accountant into a highly visible role sitting close to the investment business.

The Opportunity

This is not a conventional NAV-production position.

You will be responsible for understanding the accounting and economics of a diverse range of investment strategies, independently reviewing outputs from external administrators and investigating the underlying drivers of P&L, exposures and accounting movements.

The role will involve regular interaction with portfolio management teams, fund operations, treasury, risk, tax, technology and senior finance leadership. You will also support the launch of new strategies and help the firm develop more automated, data-driven and scalable fund accounting processes.

For someone ambitious, this provides a credible route into a Fund Controller position as the platform continues to expand.

Responsibilities

• Take ownership of fund accounting and NAV oversight for a range of investment strategies and legal entities.
• Review and challenge administrator-produced NAVs rather than simply processing information received from third parties.
• Investigate P&L movements, valuation differences, trade breaks, accruals, financing costs and other accounting exceptions.
• Develop a detailed understanding of complex products, including listed and OTC derivatives, credit instruments, structured products and financing arrangements.
• Partner with investment and front-office teams to explain accounting outcomes and resolve complex trade-related issues.
• Support the onboarding of new portfolio managers, strategies, funds and investment products.
• Assist with management and performance-fee calculations, investor allocations and fund expense reviews.
• Contribute to financial statement preparation, audit requests and regulatory reporting.
• Identify opportunities to automate manual processes and improve the quality of financial data.
• Participate in AI, workflow-automation and data-enhancement initiatives across the finance function.
• Improve controls, documentation and review procedures as the firm continues to institutionalise its infrastructure.
• Support and mentor more junior members of the team.

The Candidate

• Approximately four to eight years of relevant fund accounting, product control or financial reporting experience.
• Experience gained within a hedge fund, asset manager, investment bank or leading fund administrator.
• Strong understanding of investment products and the accounting implications of complex trades.
• Comfortable investigating problems and working through the underlying economic and accounting drivers.
• Strong Excel skills and an interest in technology, automation and data.
• Able to communicate confidently with investment professionals and senior stakeholders.
• Intellectually curious, commercially minded and unwilling to accept outputs without understanding them.
• CPA or another relevant professional qualification would be beneficial but is not essential.

Why Join?

The platform is large enough to offer sophisticated products, institutional resources and complex work, but sufficiently entrepreneurial for strong performers to make a visible impact.

You will work alongside increasingly high-calibre talent, gain exposure beyond traditional fund accounting and have genuine scope to progress as the firm adds strategies, portfolio managers and assets.