Hedge Fund Accounting Job Description

Hedge Fund Accounting Job Description

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Hedge fund accounting provides support and timely resolution for functional and technical queries raised by Fund Accounting, Private Equity, Financial Reporting, Pricing, Corporate Actions and other partner areas on Invest One, Investran and their ancillary applications.

Hedge Fund Accounting Duties & Responsibilities

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

Sample responsibilities for this position include:

Preparation and review of public funds on a monthly, quarterly and annual basis in conformance with United States Generally Accepted Accounting Principles (US GAAP)
Excel based finance and accounting analysis
Managing a team of US-based fund accountants who act as daily points of contact for our hedge fund clients
Produce monthly estimates
Oversee the monthly NAV valuation process
Review monthly NAV reconciliations
Liaise with pricing, treasury and middle office teams to determine proper treatment of transactions
Work with management reporting team regarding budgeting and booking of fee and expense items
Perform risk-based analysis to ensure accounting data is accurate and properly maintained in requisite systems
Enhance processes as necessary to continually achieve best practices

Hedge Fund Accounting Qualifications

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

Licensing or Certifications for Hedge Fund Accounting

List any licenses or certifications required by the position: CPA, CFA

Education for Hedge Fund Accounting

Typically a job would require a certain level of education.

Employers hiring for the hedge fund accounting 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, Professional Accounting, Business, Education, Finance/Accounting, Communication, Management, Performance

Skills for Hedge Fund Accounting

Desired skills for hedge fund accounting include:

Corporate actions
Partnership accounting
US GAAP
Our client base and building relationships with Investment Managers and other related third parties
Private equity experience
VBA would be a significant advantage
Excel and word
General accounting principles
Regulatory standards and compliance requirements
Excel

Desired experience for hedge fund accounting includes:

Utilize technology and outsourced solutions to enhance efficiencies and controls
Liaise with external administrator and coordinate monthly KPI reports
Assist in annual due diligence reviews on third party administrator relationships
Work with financial reporting to properly present data in audited financial statements and regulatory filings
Assist the team in process enhancements / system integration for directly traded products
Managing hedge funds and separate accounts

Hedge Fund Accounting Examples

1

Hedge Fund Accounting Job Description

Job Description Example
Our growing company is looking to fill the role of hedge fund accounting. 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 accounting
  • Implementation of service delivery agreements with clients
  • Providing guidance and solutions to clients and staff on accounting and valuation issues
  • Manage the delivery and facilitate the oversight of NAV production
  • Co-ordinate with other jurisdictions in accordance with the global model
  • The ideal candidate should be competent in all aspects of NAV production and supplementary processes
  • Escalation and resolution of issues in a timely manner
  • Responsible for collating and referencing any profit and loss items that break the pre-defined thresholds, the team will then provide such data to the oversight team
  • Review daily, monthly and quarterly fund investor allocations
  • Manage and coach team members on career development
  • Work directly with new clients
Qualifications for hedge fund accounting
  • A Bachelors Degree or equivalent experience is preferred with typically 5 or more years experience in operations or related function (Third Level Finance related study is desirable)
  • Knowledge of Advent Geneva is strongly preferred
  • Financial Statement Preparation a plus
  • Work closely with vendors
  • He/she ensures the correct calculation of Net Asset Values within the group, and ensures that all reporting and control requirements are met
  • Preparation of semi-annual and annual financial statements within given deadlines
2

Hedge Fund Accounting Job Description

Job Description Example
Our company is growing rapidly and is looking to fill the role of hedge fund accounting. 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 accounting
  • Work with operational teams and functional partners to maintain high client satisfaction scores
  • Ensure that quality and timeliness deliverables are tracked and SLA's met
  • Act as an escalation point for operations teams
  • Develop strategies and oversee project plans for meeting operational objectives
  • Develop and Effectively Manage the Operations
  • Monitor productivity, associate development and implement appropriate strategies to continue strengthening the operations team
  • Monitor service level standards and provide senior management with compliance reporting
  • Ensure appropriate operational control procedures are appropriately documented and maintained to limit corporate exposure
  • Ensure that operations procedures and workflows are executed in accordance with local regulations
  • Maintain an environment where processes and controls are continually monitored and potential risks escalated on a timely basis
Qualifications for hedge fund accounting
  • Understanding of the security types making up the portfolios and how they trade, , equities, fixed income securities, mortgage-backed securities, derivatives
  • Understanding of the overall direction of the AIS business and the relationship of these goals
  • Bachelor's degree in finance or accounting, Chartered Accountant or MBA preferred
  • Minimum of ten years industry experience including management of large teams
  • Strong knowledge of hedge fund investment types
  • Strong management skills with ability to effectively lead teams remotely
3

Hedge Fund Accounting Job Description

Job Description Example
Our growing company is searching for experienced candidates for the position of hedge fund accounting. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for hedge fund accounting
  • Review ad-hoc and recurring requests from current investors
  • Ensures that proper documentation including NAV binder in compliance with SAS 70 is maintained
  • Coaches team members to ensure that they are developing skills for advancement to next level
  • Takes lead on Audit engagements including preparing full set of financial statements including supporting schedules such as unrealized/cost roll forwards
  • Assists manager in meeting client expectation by monitoring timely delivery of daily, weekly and monthly deliverables
  • Review accounting work and reconciliation packages prepared by staff
  • Ability to articulate issues and research/identify innovative solutions
  • Demonstrate ability to adapt when unusual situation arises such as staff turnover, system issues
  • Motivate team members by providing annual goals, providing challenging environment and provide informal and formal feedback in form of performance assessment
  • Reviewing all work product prepared by accounting staff
Qualifications for hedge fund accounting
  • Bachelor’s degree with emphasis in Accounting strongly preferred, Master degree a plus
  • A minimum of 6+ years of experience in Financial Services environment, preferably, 3 years in related activities
  • Bachelor’s degree with emphasis in Accounting, Finance or a quantitative discipline
  • BA in accounting, finance, economics or professional accounting designation (CFA, CGA, CMA, CA, CPA)
  • 3-5 years of fund accounting experience in either a Hedge Fund or Hedge Fund Administrator where the accountant has gained financial products knowledge
  • A team player, able to cope with individual responsibilities
4

Hedge Fund Accounting Job Description

Job Description Example
Our company is growing rapidly and is looking for a hedge fund accounting. 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 accounting
  • Accurate calculation of fund NAV
  • Handle work with clients, fund managers and other third parties on daily operational issues (in independent and professional manner)
  • Respond to client enquiries and coordinate work with other internal departments
  • Monitor the daily/ad hoc work of the team to ensure client / internal deadlines are met and to ensure quality of work
  • Take part in the regular or due diligence meeting with client/investor
  • Lead the team to complete the audit in the agreed timeframe and ensure timely filing of AFS/FAR with CIMA
  • Prepare or lead the staff to prepare the client manager/administrator reporting in connection with the funds’/managers’ board meeting
  • Coach/train new staff
  • Involve in internal projects and lead the internal administrative work
  • Evaluate process and initiate the work plan to improve efficiency
Qualifications for hedge fund accounting
  • Experience managing and training staff
  • 5 years experience in managing a team of Hedge Fund Accountants, Senior Fund Accountants and Supervisors is a requirement
  • 7-10 years of fund accounting experience in either a Hedge Fund or Hedge Fund Administrator where the accountant has gained financial products knowledge is a requirement
  • Bachelor’s degree in Finance or Economics a must
  • CFA preferred, CPA a plus
  • Distribution waterfall experience
5

Hedge Fund Accounting Job Description

Job Description Example
Our growing company is looking for a hedge fund accounting. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for hedge fund accounting
  • Ensure all invoices are paid in an accurate and timely manner
  • Ensure A/P journal entries are prepared
  • Processing checks requests
  • Check disbursement requests and expense reimbursements
  • Maintaining internal logs for tracking vendor outstanding invoices
  • Ensure monthly cash reconciliation is maintained
  • Ensure ‘previous day’ banking reports daily from various bank websites are run for use in recording payments clearing accounts payable checks and wires
  • Daily review of check exceptions, void and stop pay vendor checks when necessary
  • Check (IRS W-9) 1099 cumulative data
  • Ensure procedures and workflow documentation is updated as needed
Qualifications for hedge fund accounting
  • Able to pick up new material and tasks and figure it out as you go
  • Wants a stable but growing and extremely successful team to learn from
  • Bachelor’s degree with emphasis in Accounting, Master degree a plus with a graduation date of December 2017 - June 2018 preferred, as position start date will be January or June/July 2018
  • Bachelor’s degree with emphasis in Accounting, Master degree a plus with a graduation date of December 2017 - June 2018 preferred, as position start dates will be January or June/July 2018
  • 10+ years of Hedge Fund experience or work for Big 4 audit firms
  • Established very solid knowledge in the fund administration business and common practice, including fund of hedge funds, fund of hedge funds and private equity funds

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