Financial Statement Preparer (FSP)

Job Description

Financial Statement Preparer/Auditor | Fund Associates

The Tone:
This is a contract role at Fund Associates, located remotely with flexible hours. Fund Associates is a professional fund administrator that provides hedge funds, funds of funds, and other investment partnerships with trusted, cost-effective fund accounting and administration services. Our clients, ranging from emerging managers to established funds, rely on us for independent portfolio valuation, NAV calculation, investor recordkeeping, account reconciliations, investor reporting, and crucial support for their year-end audit processes. This role is vital for preparing accurate financial statements and skillfully managing the audit process through to completion, strengthening our relationships with clients, auditors, and fund managers.

The TL;DR
• Role: Contract
• Type: Contract
• Location: Remote, United States

• Team: Each fund’s monthly fund accountant serves as your reviewer and support resource; you serve as the client-facing point of contact for that fund’s audit.
• Mission: This person prepares accurate year-end financial statements and footnotes for assigned funds, and manages the audit process through to completion.

What You’ll Actually Do
• Prepare financial statements: Prepare year-end (and interim, as needed) financial statements and footnotes for assigned funds, in accordance with U.S. GAAP, for presentation to each fund’s CPA/audit firm.
• Lead audit management: Serve as the primary point of contact for the fund’s outside auditors, expertly fielding requests, answering questions, and driving the entire audit process to completion.
• Facilitate internal coordination: Coordinate seamlessly with the fund’s monthly fund accountant to gather supporting detail, obtain prior-period data, and address questions raised by auditors during preparation.
• Process interim requests: Satisfy all interim auditor requests, such as providing prior monthly reports or new interim runs, enlisting the monthly fund accountant’s assistance when needed for funds you don’t service monthly.
• Ensure quality and compliance: Complete our internal review checklist for every draft, thoroughly address any reviewer findings, and maintain strict version control on drafts and checklists to support quality tracking and process improvement.

The Must-Haves
• Background: This role requires proven experience preparing financial statements and footnotes specifically for hedge funds, funds of funds, or similar investment partnerships. A deep working knowledge of U.S. GAAP, particularly as applied to investment partnerships, including securities valuation, partners’/members’ capital, allocations, and typical hedge fund footnote disclosures, is essential.
• Experience: Candidates must have prior experience interfacing directly with external auditors, ideally having served as the primary liaison managing an audit through to completion. Experience preparing financial statements and footnotes for funds trading multiple instruments, such as equities, options, futures, and forex, is also required.
• Skills: Strong attention to detail and comfort working within a structured review and checklist process are critical. The ability to be self-directed and manage your own schedule effectively to meet audit deadlines is a must. Excellent written and verbal communication skills are necessary, as you will professionally represent Fund Associates directly to clients’ auditors. A reliable remote work setup with the ability to securely log into Fund Associates’ systems is also required.
• Bonus: A background in fund administration, fund accounting, or public accounting/audit is strongly preferred.