Hedge Fund Accountant

Job Description

Fund Accounting Analyst | Arrow Search Partners

The Tone:
This is a full-time role at a global alternative asset manager, placed by Arrow Search Partners. Our client is a prominent firm specializing in multi-strategy investing, with a strong focus on diversified areas such as credit, real estate, and institutional equities. This position is central to the firm’s financial operations, overseeing the precise accounting and reporting functions for various funds. The Fund Accounting Analyst is essential for ensuring the accuracy and integrity of NAV processes, meticulous investor capital management, and robust compliance with all financial regulations, directly supporting the firm’s strategic investment objectives.

The TL;DR
• Role: Full Time
• Type: Full Time
• Location: Not specified
• Pay: $90000–$100000 yearly
• Mission: This role ensures the accurate financial operations and reporting for a multi-strategy alternative asset manager, overseeing fund NAV processes and investor capital management.
• Tech Stack: Enfusion

What You’ll Actually Do
• NAV Process Oversight: Oversee the monthly hedge fund NAV process, including the reconciliation of NAV and P&L with the fund’s external administrator.
• Financial Statement Generation: Calculate monthly balance sheets and income statements for the funds.
• Fee and Allocation Review: Review all administrator calculations, specifically management fees and incentive allocations.
• Performance Tracking: Prepare both estimated and final fund level returns and inception-to-date track records.
• Investor Capital Lifecycle Management: Oversee the investor capital lifecycle, encompassing the recording and processing of investor subscriptions, redemptions, and transfers.

The Must-Haves
• Background: A Bachelor’s degree in accounting or finance is a mandatory requirement for this position. This role is designed for a professional bringing 2-3 years of direct, hands-on experience in fund accounting.
• Experience: Ideal candidates will possess significant experience gained either within a public accounting firm or directly at an asset manager or fund administrator. A deep understanding and practical application of investment company accounting, partnership accounting principles, and the intricacies of the investor capital allocations process are all fundamental for success in this role.
• Skills: Core responsibilities require expertise in overseeing the complete monthly hedge fund NAV process, including detailed reconciliation with external administrators. Candidates must be proficient in calculating accurate monthly balance sheets and income statements. The ability to critically review all administrator calculations, specifically regarding management fees and incentive allocations, is crucial. Additionally, preparing estimated and final fund level returns, managing inception-to-date track records, and overseeing the entire investor capital lifecycle — covering subscriptions, redemptions, and transfers — are essential skill sets.
• Bonus: Prior experience with regulatory reporting processes is preferred and will be viewed favorably. Furthermore, knowledge of the Enfusion platform would be a distinct advantage for applicants.