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Associate Director – Hedge Fund
SS&C Globe
New York, NY, United States
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Job Summary:
Associate Director – Hedge Fund and Private Equity Funds: will lead a team responsible for transaction processing, proper application of accounting principles to complex transactions, and financial reporting, for hedge fund and private equity fund clients.
Job Description:
The Associate Director will be responsible for a broad spectrum of financial and accounting matters affecting our Hedge Fund and Private Equity clients. Associate Director should have a strong background in accounting for alternative investment funds, with a focus on hedge and private equity, proven client management skills, and the ability to manage and lead a team in monitoring client deliverables and meeting deadlines.
Additionally, the vice president is responsible for exercising sound judgment regarding the proper application of accounting principles to complex transactions.
• 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, specifically with respect to alternative investment funds, with a focus on private equity funds
• 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, including offsetable amounts, management fee waiver contributions, etc.
• 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
Job Skills/Qualifications:
• Undergraduate degree in Accounting or related field
• 12+ years’ experience in accounting, with a focus on alternative investments funds – hedge and private equity experience a plus
• CPA designation a plus
• Knowledge of US Generally Accepted Accounting Principles and other comprehensive basis of accounting, with an emphasis on investment partnerships
• 5+ years’ experience supervising two or more professional staff
• Hands-on management style with strong leadership skills and ability to develop staff
• Demonstrated project management skills with the ability to multi-task
• Excellent interpersonal and communication skills
• Sungard Investran experience a plus
• Proficiency in Microsoft Office suite, with advanced Excel skills
• Team player
Educational Level:
Bachelor’s Degree
SS&C HAS AN EXCELLENT BENEFITS PROGRAM INCLUDING A MEDICAL AND DENTAL PLAN, TUITION REIMBURSEMENT PLAN, AND 401K PLAN.
SS&C Technologies is an Equal Employment Opportunity employer and as such does not discriminate against any applicant for employment or employee on the basis of race, color, religious creed, gender, age, marital status, sexual orientation, national origin, disability, veteran status or any other classification protected by applicable discrimination laws.