Hedge Fund Accountant Job Description

Hedge Fund Accountant Job Description

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Hedge fund accountant provides support for the Accounting and Finance Team assisting with NAV reporting, year-end financial-tax reporting, and legal/compliance filings.

Hedge Fund Accountant Duties & Responsibilities

To write an effective hedge fund accountant job description, begin by listing detailed duties, responsibilities and expectations. We have included hedge fund accountant job description templates that you can modify and use.

Sample responsibilities for this position include:

Calculates, reviews, and analyzes performance for the funds daily/weekly/monthly utilizing multiple proprietary software systems and Excel
Strong computer skills including Word, Lotus Notes and the advanced functions of Excel
A familiarity with Sungard, Paladyne and the Advent Geneva accounting system (beneficial)
Audits investment reports, cash statements, and supplemental reporting to verify that data is correctly posted and transactions properly classified
The funds trade a wide variety of fixed income credit cash and derivative products, including credit default swaps, total return swaps, par loans and distressed debt
Internally, the candidate will need to be able to establish good working relationships with the Operations department, the Risk team, Performance team, the Portfolio managers and the traders
Understand the products in the fund and coordinate the production of daily and weekly NAVs (Net Asset Values) by reconciling the valuations with the administrator
Establish good working relationships with the Operations department, the Risk team, Performance team, the Portfolio managers and the traders
Reconcile and review trades, positions and cash in line with client service level agreement
Review and substantiate all aged breaks for management escalation reporting

Hedge Fund Accountant Qualifications

Qualifications for a job description may include education, certification, and experience.

Education for Hedge Fund Accountant

Typically a job would require a certain level of education.

Employers hiring for the hedge fund accountant job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Accounting, Finance, Economics, Business, Professional Accounting, Education, Graduate, Accountancy, Finance/Economics, Administration

Skills for Hedge Fund Accountant

Desired skills for hedge fund accountant include:

Corporate actions
Excel
Advent Partner
Industry
Accounting concepts and current accounting principles
NAV calculations
Bloomberg and Advent Geneva
Advent Geneva
Bloomberg
Financial reporting and financial products

Desired experience for hedge fund accountant includes:

Prepare Administrators reports for inclusion in Board meeting documentation in respect of appropriate funds
Track security payment and accrual activity
Prepare and review monthly client statements for distribution
Submit daily reporting to portfolio managers and senior management
Prepare/Reconcile daily/monthly cash and position transactions
Work with information technology to develop and implement new reporting tools and enhance reporting transparency

Hedge Fund Accountant Examples

1

Hedge Fund Accountant Job Description

Job Description Example
Our company is growing rapidly and is looking to fill the role of hedge fund accountant. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for hedge fund accountant
  • Review reconciliations between custodians, prime brokers and AHL fund management system and arrange investigation and/or correction of breaking items
  • Reviews monthly financial statements for a large platform of hedge funds and fund of funds to ensure accuracy of information produced by the Administrator
  • Key participant in the planning and coordination of the year end audits and tax return preparation
  • Prepares and assists with foreign tax and regulatory filings, quarterly fee sweeps, currency hedging, and bank account reconciliations
  • Manages key relationships with the Administrator, Trading Managers, Auditors and Tax Preparers of the Funds
  • Cross departmental exposure and projects with Operations and Risk departments
  • Work with systems support on programming enhancements
  • Any special projects and additional duties as assigned by supervisor or leadership
  • Manage and supervise staff in your account, including accountants, company secretaries and other support staff in Singapore and Shared Service Centers and coordinate internal and external timelines to ensure deliverables to clients are met
  • Maintain, develop and expand business relationships with local & international clients and other business contacts and colleagues
Qualifications for hedge fund accountant
  • Meaningful relevant experience working on hedge funds
  • 2-5 years accounting/audit/tax experience with exposure to hedge funds or other alternative investments
  • Fund administration experience required
  • Able to work independently and with minimal direction
  • At least 2 years of Fund Accounting experience
  • Candidates with mutual fund background would also be considered but they need to have a strong passion to learn the alternative funds
2

Hedge Fund Accountant Job Description

Job Description Example
Our company is looking to fill the role of hedge fund accountant. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for hedge fund accountant
  • Recalculating and verifying management and incentive fees
  • Reviewing month-end NAV and resolve issues with administrator on various trading related issues
  • Involvement in valuation of portfolio including equities, bonds, options, CDS, loans and other products
  • Participating in special projects pertaining to risk, compliance, technology and reporting
  • Assisting with annual financial statement preparation
  • Assistance in reviewing K1s
  • Monthly investor reporting and responding to various investor queries and reporting requirements
  • Assistance with regulatory reporting including Form PF, CPO PQR, Form ADV, 13F, and other various regulatory requirements
  • Participate in valuation of portfolio including equities, bonds, options, CDS, loans and other products
  • Oversee monthly investor reporting and responding to various investor queries and reporting requirements
Qualifications for hedge fund accountant
  • Must be organised and methodical in their approach and have a keen attention to detail
  • An accountancy degree or post graduate qualification (CPA etc) is an advantage
  • Reconcileng the funds cash to outside sources
  • 2-3 years prior public accounting/fund accounting experience
  • NAV review from admin / financial preparation
  • Aging schedules
3

Hedge Fund Accountant Job Description

Job Description Example
Our innovative and growing company is hiring for a hedge fund accountant. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for hedge fund accountant
  • Broker disclosure update based on NAV packs/allocations from admin
  • Wires process
  • Custody reconciliations
  • Dividends reconciliations
  • Assist with requests from admin/marketing
  • Daily supervision of fund accountants
  • Issuing Profit & Loss reports on a daily basis
  • Training the Fund Accounting staff
  • Work with Managing Director and the investment team to ensure proper accounting and reporting of all transactions
  • Review financial statements from operating companies
Qualifications for hedge fund accountant
  • Accountancy degree or post graduate qualification (CPA etc)
  • The ideal candidate will have experience with Hedge Fund Audits
  • Should have or be working on a CPA
  • Bachelor's / Master's degree in a finance/accounting related discipline
  • Accounting experience in managing private equity, hedge funds or similar types of alternative products is preferred, however, not required
  • 3+ years of public accounting tax servicing hedge funds or related investment vehicles
4

Hedge Fund Accountant Job Description

Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of hedge fund accountant. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for hedge fund accountant
  • Maintain all sub-ledgers and supporting details
  • Work closely with outside auditors and tax advisors
  • Utilize your prior accounting experience to produce daily performance, risk and attribution reports for 3-4 hedge fund clients
  • Utilize your prior accounting to manage all budgeting cash flow forecasting for hedge fund clientele
  • Utilize your multi-tasking abilities to document verify positions equity, fixed income and derivative positions held with hedge fund counter parties
  • Reconciling the funds cash to outside sources the positions / securities to outside sources
  • Tracking of security payment and accrual activity
  • Daily reporting to portfolio managers and senior management
  • Preparation of monthly NAV reporting daily reports to management for multiple investment vehicles
  • Preparing monthly investor allocations, including management and incentive fee calculations for multiple fee and class structures
Qualifications for hedge fund accountant
  • Strong working knowledge of various financial instruments (swaps, futures, forwards, ) and accounting for those instruments
  • Strong GAAP and Accounting Principles
  • Month End Close/Quarter End Close
  • At least 1+ year of relevant accounting and financial reporting experience in the financial services sector
  • 3+ years of audit or tax experience– with exposure to hedge funds, private equity or venture capital sectors
  • Partnership Tax and/or Accounting experience
5

Hedge Fund Accountant Job Description

Job Description Example
Our innovative and growing company is looking for a hedge fund accountant. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for hedge fund accountant
  • Preparing and reviewing monthly client statements for distribution
  • Working with the Information Technology team to develop and implement new reporting tools and enhance reporting transparency
  • Preparing year-end audit reports and financial statements
  • Maintain accuracy of reporting of investment activities
  • Review and confirm fund estimates, general ledger and NAV from the fund administrator
  • Manage a team of 2-5 direct reports and guide their professional development
  • Lead major technology initiatives focused on increasing the scalability of our process and providing solutions to client mandates
  • Lead Financial Control working groups responsible for executing strategic initiatives
  • Participate in recruitment efforts
  • Recording trade information, income activity and pricing of securities in the Portfolio Accounting System
Qualifications for hedge fund accountant
  • Bachelor's or Master's degree in finance and accounting preferred however we are welcome to see applications from all fields of studies as we provide an extensive training
  • Experience using partnership accounting applications a plus
  • 3+ years of fund accounting across hedge fund, private equity, mutual fund or venture capital industries
  • Desire to join a collaborative team with work-life balance
  • 3+ years of Hedge Fund Accountant experience
  • 1+ year of Fund Accounting experience

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