Associate Manager - Hedge Funds

Associate Manager - Hedge Funds

The Associate Manager provides daily accounting and systems support for the Hedge Team, ensuring timely and accurate NAV calculations, Investor allocations, preparation of financial and investor statements and communication with clients throughout the accounting process. The Associate Manager oversees daily team activities and assists in supervising staff to ensure the work is properly allocated and completed in a timely and accurate manner. The Associate Manager position will require regular direct interaction with clients and team members.

This position requires a mastery of complex hedge fund accounting skills and direct oversight of Staff Accountant I, II and Senior Accountant I, II associates. This position serves as a resource to members of the team in addition to Senior Management, providing guidance, training and additional support as needed.

Essential Duties and Responsibilities

• Process/review portfolio activity and perform reconciliations to broker/custodian/counterpart and/or client.
• Process/review account activity, performance, and trial balance reporting for clients’ funds/accounts.
• Process/review investor allocations and fees according to fund governing documents.
• Communicate with clients, custodians, third parties, and various levels of management.
• Review of correspondence with client to address inquiries as needed;
• Maintain a controlled operating environment in conjunction with company’s internal controls.
• Indicate knowledge of investment vehicles commonly used by clients.
• Prepare/review complex incentive fee calculations and management fee calculations
• Participates in client audit engagement.
• Development and training of new team members as required;
• Coordination and completion of special projects as directed by the client or as directed by management as assigned;
• Assist with new client onboarding;
• Indicate thorough comprehension of relevant fund documentation.
• Review fund accountants’ funds and NAVs for accuracy and appropriate documentations.

Qualifications

• 3 – 5 years’ (relevant) experience in Fund Accounting or related field preferred;
• 0 – 2 years supervisory experience in the following: performance management (including coaching, progressive discipline, performance review delivery, etc.), training, talent acquisition and retention
• Minimum of a Bachelor’s Degree in Accounting or related field;
• Advanced degree (MBA or MSA) in Accounting or related field strongly preferred;
• Certified Public Accountant (CPA) license is strongly preferred.
• Experience in forecasting and budgeting during an accelerated growth period;
• Proficient in Microsoft Office Suite with knowledge of Eze Investor Accounting or other partnership accounting software and VPM or other portfolio accounting software a plus;
• Ability to multitask, time management, attention to detail, planning and problem-solving skills required;
• Ability to communicate and interact professionally and effectively through written and oral communication with current and potential clients
• Ability to work in a fast-paced environment and handle/manage multiple team and individual priorities and deadlines.