What are the responsibilities and job description for the Senior Fund Accountant position at New Hyde Park Alternative Funds, LLC?
Company Description
New Hyde Park Alternative Funds provides operational and accounting infrastructure to institutional investors allocating to alternative investments through the Galaxy Plus Platform. We support hedge fund, managed account, and futures/commodities strategies with institutional-grade books, records, and reporting.
Role Description
We are seeking a senior accountant with real hedge fund / alternative investment accounting experience who has been directly involved in audit preparation, partnership accounting, and technology-driven reporting.
This is not a corporate accounting role. This is a hands-on accounting role inside a live alternative investments operating platform.
Responsibilities
- Maintain books and records for alternative investment vehicles and managed accounts
- Prepare audit packages and serve as audit liaison
- Perform partnership accounting, allocations, and capital account maintenance
- Reconcile trading activity including futures and commodities
- Support investor reporting tied to NAV and performance
- Improve reporting and workflows through technology and automation
Required Experience
- 5–12 years of accounting experience
- Hedge fund, fund administrator, or alternative investment accounting background
- Direct audit preparation experience
- Strong partnership accounting knowledge
- Advanced Excel and comfort with accounting/reporting systems
Highly Valued
- Futures / commodities accounting experience
- Experience at a fund administrator or hedge fund back office
- Process improvement and automation mindset
- Experience with tools like NetSuite, Power BI, Alteryx, Python, or similar
- NAV construction in master – feeder fund structures, including: coordination of cash flows (subscription/redemption) from investors to administrator; AUM-based fee calculations, incentive fee reconciliations, knowledge, familiarity and experience applying HWMs or loss carry forwards; coordinating daily estimates process from broker statements to investor distribution; extensive background in NAV reconciliations between administrator and brokers, FCMs
This role is ideal for someone who enjoys complex accounting tied to real trading activity and wants to be part of a technology-forward alternative investments platform serving institutional clients.