What are the responsibilities and job description for the Head of Fund Accounting position at schonfeld?
The Role
We are looking for a Head of Fund Accounting for a global, multi-strategy hedge fund operating a pod structure. This role leads the fund accounting control function, manages the third-party administrator, owns the fund close and audit process, and acts as the senior escalation point for fund accounting issues across the firm. This is a hands-on leadership role requiring daily involvement in day-to-day execution, judgment calls, and cross-functional problem solving. This role will report directly to the CFO.
What you’ll do
- Own fund accounting oversight for a multi-strategy platform
- Manage and challenge the third-party administrator
- Oversee month-end NAVs, investor capital balances, and fund closes
- Support investor reporting and regulatory data requests
- Lead year-end fund audits
- Apply professional skepticism and sound accounting judgment
- Partner closely with Portfolio Finance, Valuations, Ops, IR, Compliance and other Accounting teams to ensure smooth execution and timely issue resolution
- Lead and develop a primarily NY-based fund accounting team, with limited presence in FL
- Identify and drive process improvement and automation initiatives, including reducing manual controls and improving scalability
- Support new product launches from an accounting and operational standpoint
- Act as a stakeholder in data and reporting structure decisions
- Operate as a last line of defense by evaluating reasonableness of inputs received from upstream teams and escalating issues when results do not meet expectations
What you’ll bring
What you need:
- 10 years of fund accounting experience in hedge funds or asset management
- Experience supporting multi-strategy products
- Strong US GAAP knowledge as applied to hedge funds
- Direct experience managing or overseeing third-party fund administrators
- Experience leading or heavily involved in fund audits
- Hands-on experience with Advent Geneva
- Demonstrated ability to apply judgment and challenge inputs
- Prior experience managing teams (Controller / Head of FA level)
- Experience acting as a senior escalation point in a fast paced environment
We’d love if you had:
- Experience at a pod-based investment platform
- Experience launching new funds or strategies
- Background in automation, workflow improvement, or systems implementation
- Experience influencing data architecture or reporting infrastructure
Who we are
Schonfeld is a global multi-manager hedge fund that strives to deliver industry-leading risk-adjusted returns for our investors. We leverage both internal and external portfolio manager teams around the world, seeking to capitalize on inefficiencies and opportunities within the markets. We draw from decades of experience and a significant investment in proprietary technology, infrastructure and risk analytics to invest across four main strategies: Quant, Tactical, Fundamental Equity and Discretionary Macro & Fixed Income.
Our Culture
At Schonfeld, we’ll invest in you. Attracting and retaining top talent is at the heart of what we do, because we believe that exceptional outcomes begin with exceptional people. We foster a culture where talent is empowered to continually learn, innovate and pursue ambitious goals. We are teamwork-oriented, collaborative and encourage ideas—at all levels—to be shared. As an organization committed to investing in our people, we provide learning and educational offerings and opportunities to make an impact. We encourage community through internal networks, external partnerships and service initiatives that promote inclusion and purpose beyond the firm’s walls.
The base pay for this role is expected to be between $220,000.00 and $250,000.00. The expected base pay range is based on information at the time this post was generated. This role may also be eligible for other forms of compensation such as a performance bonus and a competitive benefits package. Actual compensation for the successful candidate will be determined based on a variety of factors such as skills, qualifications, and experience.
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