VP, Fund Accounting

WhiteCap Search; New York (NY); On-site; USD 180,000 - 240,000; Full time

Job summary

WhiteCap Search is seeking an experienced fund accounting professional to join our client’s team. You will oversee valuation and financial control for credit-focused hedge fund strategies, manage valuation processes, and coordinate with external service providers to ensure accurate, timely reporting.

Key duties include owning fund control, leading valuation reviews, developing automated P&L explain and attribution reporting, and supporting new product launches while upholding strong governance

Qualifications

• 8 to 10 years of relevant experience in fund control, product control, valuations, fund accounting, or finance within a bank, asset manager, hedge fund, or investment management firm.
• Demonstrable experience reviewing and owning valuation processes independently.
• Strong technical fund accounting and financial control skills, ideally across hedge fund or alternative investment structures.
• Advanced Excel skills; experience with fund accounting, portfolio management, or valuation systems would be beneficial.

Responsibilities

• Own and manage fund control processes for hedge fund strategies, focusing on credit-related investments.
• Lead valuation review processes independently, including assessment of pricing sources, broker marks, model inputs, and valuation movements.
• Develop automated P&L explain and attribution reporting, identifying key drivers such as market movements, new trades, carry, time decay, model changes, and valuation adjustments.
• Challenge and investigate valuation variances, stale pricing, liquidity considerations, and unusual movements across the portfolio.
• Support new product launches, trade workflows, and lifecycle events, partnering with PMs, risk, operations, and external counterparties.
• Balance hands-on daily responsibilities with strategic project work, shaping the control framework within a growing, high-performance credit hedge fund.
• Drive the design and implementation of improved processes, controls, and procedures as the platform scales, enhancing efficiency and governance.
• Partner with investment teams to understand portfolio activity, trade economics, and valuation drivers.
• Work closely with fund administrators, auditors, tax advisers, and other external service providers to ensure accurate and timely reporting.
• Review fund financial statements, investor reporting inputs, and regulatory or management reporting as required.
• Review NAV production, fund accounting outputs, and month-end close processes.
• Maintain strong control standards across reconciliations, cash, positions, expenses, accruals, and fee calculations.
• Support new product, fund launch, or strategy-related initiatives from a finance and control perspective.
• Contribute to improvements in valuation governance, reporting processes, systems, and operating procedures.
• Act as a point of contact for valuation-related queries and support internal committees or governance forums where required.

Skills

Advanced Excel

Strong analytical skills

Attention to detail

Excellent communication

Education

Professional accounting qualification

Job description

Our client is looking for an experienced professional to join our Fund Accounting team. The successful candidate will oversee valuation and financial control for credit-focused hedge fund strategies. This role requires a self-starter who can independently manage valuation processes, collaborate with various teams, and work with external service providers to ensure accurate and timely reporting.

Responsibilities

• Own and manage fund control processes for hedge fund strategies, focusing on credit-related investments.
• Lead valuation review processes independently, including assessment of pricing sources, broker marks, model inputs, and valuation movements.
• Develop automated P&L explain and attribution reporting, identifying key drivers such as market movements, new trades, carry, time decay, model changes, and valuation adjustments.
• Challenge and investigate valuation variances, stale pricing, liquidity considerations, and unusual movements across the portfolio.
• Support new product launches, trade workflows, and lifecycle events, partnering with PMs, risk, operations, and external counterparties.
• Balance hands-on daily responsibilities with strategic project work, shaping the control framework within a growing, high-performance credit hedge fund.
• Drive the design and implementation of improved processes, controls, and procedures as the platform scales, enhancing efficiency and governance.
• Partner with investment teams to understand portfolio activity, trade economics, and valuation drivers.
• Work closely with fund administrators, auditors, tax advisers, and other external service providers to ensure accurate and timely reporting.
• Review fund financial statements, investor reporting inputs, and regulatory or management reporting as required.
• Review NAV production, fund accounting outputs, and month-end close processes.
• Maintain strong control standards across reconciliations, cash, positions, expenses, accruals, and fee calculations.
• Support new product, fund launch, or strategy-related initiatives from a finance and control perspective.
• Contribute to improvements in valuation governance, reporting processes, systems, and operating procedures.
• Act as a point of contact for valuation-related queries and support internal committees or governance forums where required.

Requirements

• 8 to 10 years of relevant experience in fund control, product control, valuations, fund accounting, or finance within a bank, asset manager, hedge fund, or investment management firm.
• Strong understanding of credit products, which may include corporate credit, loans, bonds, structured credit, private credit, distressed credit, or credit derivatives.
• Demonstrable experience reviewing and owning valuation processes independently.
• Strong technical fund accounting and financial control skills, ideally across hedge fund or alternative investment structures.
• Ability to challenge pricing and valuation assumptions in a constructive and commercially aware manner.
• Good understanding of NAV processes, administrator oversight, reconciliations, and month-end control frameworks.
• Strong analytical skills with excellent attention to detail.
• Confident working with investment professionals, external service providers, and senior stakeholders.
• Comfortable operating in a fast-paced environment with the ability to manage multiple deadlines.
• Advanced Excel skills; experience with fund accounting, portfolio management, or valuation systems would be beneficial.
• Professional accounting qualification required.
• Strong written and verbal communication skills, with the ability to explain complex valuation and control matters clearly.

Disclosure: The hourly rates and/or salaries listed may or may not reflect total compensation packages including bonus and fringe benefits, etc., nor are the advertisement(s) posted a guarantee of a certain compensation package for a position or bona fide offer of employment. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against on the basis of disability.