Associate Director, Hedge Fund Accounting
Connecticut, United States of America
Full Time
1 week ago
$95,000 - $170,000 USD
No Visa Sponsorship
Key skills
Collaboration
About this role
Role Overview
- Manage multiple fund relationships, including scheduling and meeting all client deliverables
- Maintain/manage client expectations and coordinate deliverables timelines with staff
- Demonstrate strong knowledge of accounting
- Participate in new business discussions with prospects and existing clients
- Prepare and maintain goals and career development plans for all direct reports
- Prepare semiannual performance appraisals and discussions for all direct reports
- Provide guidance and direction to staff on all technical and client-service-related topics
- Review fund governing documents, offering documents, subscription documents, side letters, and investment management agreements, in order to ensure proper application of fund terms
- Review all transaction documentation and supporting files, and understand the features of the investment transactions, accruals, etc.
- Review work paper files for accuracy and completeness, including capital activity, investment activity, income and expense accruals, valuation adjustments, etc.
- Review management fee calculations
- Review investor allocations and capital account statements
- Review capital call and distribution calculations, sources/uses of cash, allocations, and investor notices
- Create, maintain, and/or review distribution waterfall (carried interest) models, in keeping with the applicable fund terms
- Prepare and/or review financial statements, notes disclosures, and supporting schedules
- Develop/maintain robust review procedures around deliverables
- Manage the year-end audit process, in collaboration with the client and auditors
- Where applicable, support the tax team with information to prepare tax compliance/reports
- Help develop and support targeted, continuing education for all direct reports
- Support corporate goals and business/departmental initiatives
Requirements
- 5+ years’ experience supervising two or more professional staff
- 12+ years’ experience in accounting, with a focus on alternative investments funds – hedge fund experience a plus
- Undergraduate degree in Accounting or related field
- Knowledge of US Generally Accepted Accounting Principles and other comprehensive basis of accounting, with an emphasis on investment partnerships
Benefits
- medical, dental, and vision coverage
- a 401(k) plan with company match
- paid time off
- holidays
- parental leave
- professional development reimbursement opportunity