Hedge Fund Accountant Job Description
Hedge Fund Accountant Duties & Responsibilities
To write an effective hedge fund accountant job description, begin by listing detailed duties, responsibilities and expectations. We have included hedge fund accountant job description templates that you can modify and use.
Sample responsibilities for this position include:
Hedge Fund Accountant Qualifications
Qualifications for a job description may include education, certification, and experience.
Education for Hedge Fund Accountant
Typically a job would require a certain level of education.
Employers hiring for the hedge fund accountant 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, Business, Professional Accounting, Education, Graduate, Accountancy, Finance/Economics, Administration
Skills for Hedge Fund Accountant
Desired skills for hedge fund accountant include:
Desired experience for hedge fund accountant includes:
Hedge Fund Accountant Examples
Hedge Fund Accountant Job Description
- Review reconciliations between custodians, prime brokers and AHL fund management system and arrange investigation and/or correction of breaking items
- Reviews monthly financial statements for a large platform of hedge funds and fund of funds to ensure accuracy of information produced by the Administrator
- Key participant in the planning and coordination of the year end audits and tax return preparation
- Prepares and assists with foreign tax and regulatory filings, quarterly fee sweeps, currency hedging, and bank account reconciliations
- Manages key relationships with the Administrator, Trading Managers, Auditors and Tax Preparers of the Funds
- Cross departmental exposure and projects with Operations and Risk departments
- Work with systems support on programming enhancements
- Any special projects and additional duties as assigned by supervisor or leadership
- Manage and supervise staff in your account, including accountants, company secretaries and other support staff in Singapore and Shared Service Centers and coordinate internal and external timelines to ensure deliverables to clients are met
- Maintain, develop and expand business relationships with local & international clients and other business contacts and colleagues
- Meaningful relevant experience working on hedge funds
- 2-5 years accounting/audit/tax experience with exposure to hedge funds or other alternative investments
- Fund administration experience required
- Able to work independently and with minimal direction
- At least 2 years of Fund Accounting experience
- Candidates with mutual fund background would also be considered but they need to have a strong passion to learn the alternative funds
Hedge Fund Accountant Job Description
- Recalculating and verifying management and incentive fees
- Reviewing month-end NAV and resolve issues with administrator on various trading related issues
- Involvement in valuation of portfolio including equities, bonds, options, CDS, loans and other products
- Participating in special projects pertaining to risk, compliance, technology and reporting
- Assisting with annual financial statement preparation
- Assistance in reviewing K1s
- Monthly investor reporting and responding to various investor queries and reporting requirements
- Assistance with regulatory reporting including Form PF, CPO PQR, Form ADV, 13F, and other various regulatory requirements
- Participate in valuation of portfolio including equities, bonds, options, CDS, loans and other products
- Oversee monthly investor reporting and responding to various investor queries and reporting requirements
- Must be organised and methodical in their approach and have a keen attention to detail
- An accountancy degree or post graduate qualification (CPA etc) is an advantage
- Reconcileng the funds cash to outside sources
- 2-3 years prior public accounting/fund accounting experience
- NAV review from admin / financial preparation
- Aging schedules
Hedge Fund Accountant Job Description
- Broker disclosure update based on NAV packs/allocations from admin
- Wires process
- Custody reconciliations
- Dividends reconciliations
- Assist with requests from admin/marketing
- Daily supervision of fund accountants
- Issuing Profit & Loss reports on a daily basis
- Training the Fund Accounting staff
- Work with Managing Director and the investment team to ensure proper accounting and reporting of all transactions
- Review financial statements from operating companies
- Accountancy degree or post graduate qualification (CPA etc)
- The ideal candidate will have experience with Hedge Fund Audits
- Should have or be working on a CPA
- Bachelor's / Master's degree in a finance/accounting related discipline
- Accounting experience in managing private equity, hedge funds or similar types of alternative products is preferred, however, not required
- 3+ years of public accounting tax servicing hedge funds or related investment vehicles
Hedge Fund Accountant Job Description
- Maintain all sub-ledgers and supporting details
- Work closely with outside auditors and tax advisors
- Utilize your prior accounting experience to produce daily performance, risk and attribution reports for 3-4 hedge fund clients
- Utilize your prior accounting to manage all budgeting cash flow forecasting for hedge fund clientele
- Utilize your multi-tasking abilities to document verify positions equity, fixed income and derivative positions held with hedge fund counter parties
- Reconciling the funds cash to outside sources the positions / securities to outside sources
- Tracking of security payment and accrual activity
- Daily reporting to portfolio managers and senior management
- Preparation of monthly NAV reporting daily reports to management for multiple investment vehicles
- Preparing monthly investor allocations, including management and incentive fee calculations for multiple fee and class structures
- Strong working knowledge of various financial instruments (swaps, futures, forwards, ) and accounting for those instruments
- Strong GAAP and Accounting Principles
- Month End Close/Quarter End Close
- At least 1+ year of relevant accounting and financial reporting experience in the financial services sector
- 3+ years of audit or tax experience– with exposure to hedge funds, private equity or venture capital sectors
- Partnership Tax and/or Accounting experience
Hedge Fund Accountant Job Description
- Preparing and reviewing monthly client statements for distribution
- Working with the Information Technology team to develop and implement new reporting tools and enhance reporting transparency
- Preparing year-end audit reports and financial statements
- Maintain accuracy of reporting of investment activities
- Review and confirm fund estimates, general ledger and NAV from the fund administrator
- Manage a team of 2-5 direct reports and guide their professional development
- Lead major technology initiatives focused on increasing the scalability of our process and providing solutions to client mandates
- Lead Financial Control working groups responsible for executing strategic initiatives
- Participate in recruitment efforts
- Recording trade information, income activity and pricing of securities in the Portfolio Accounting System
- Bachelor's or Master's degree in finance and accounting preferred however we are welcome to see applications from all fields of studies as we provide an extensive training
- Experience using partnership accounting applications a plus
- 3+ years of fund accounting across hedge fund, private equity, mutual fund or venture capital industries
- Desire to join a collaborative team with work-life balance
- 3+ years of Hedge Fund Accountant experience
- 1+ year of Fund Accounting experience