Account Manager-Fund Administration recruitment

Position Category: Fund Services

Position Title: Account Manager-Fund Administration

Job Level: Professional

Location: USA - NY - Purchase

Education Required: Bachelors Degree

Position Description:
Principal Duties:
• Acting as single point of contact for hedge fund clients
• Managing approximately 5-10 client relationships
• Cooperating with the Firm's offshore operations and clients to resolve daily trade and accounting breaks
• Preparing/reviewing monthly account closing procedures and ensuring compliance with established accounting procedures and controls
• Ensuring all fund expenses are accrued timely and in accordance with GAAP
• Performing monthly master-feeder accounting allocations
• Preparing/reviewing investor allocations
• Preparing or reviewing accounting journal entries related to standard accruals, management and incentive fees (calculated in accordance with fund documents), deferred compensation payables, derivative contract financing and broker financing
• Ensuring monthly valuations are reviewed and approved prior to distribution to clients and reviewed and approved by clients prior to distribution to investors
• Reviewing key legal fund offering documents and identifying possible accounting or administrative implementation issues
• Assisting client conversion teams with new client set up and accounting conversion implementation
• Identifying and implementing solutions to problems (accounting, operations, investor service) Leveraging firm resources as appropriate to strengthen control environment
• Prepare/review position and cash reconciliations between clients and their custodians
• Coordinating year end audit with client and independent auditors
• Preparing/reviewing draft annual financial statements

Skills Required:
• Bachelor's degree
• Minimum 5 years prior experience in Accounting related role
• Extensive knowledge of hedge fund investor, accounting concepts including:
-Offshore class/series accounting
-Partnership accounting
-Accounting for complex management and incentive fee terms (hurdle rates);
-Offshore fee deferrals;
-Side-pocket accounting
-Equalization methods
-Allocation of new issues
• Strong knowledge of US generally accepted accounting principles (GAAP)
• Experience in GAAP financial statement preparation, including
strong understanding of hedge fund structures (master-feeder, mini-master, fund-of-funds)
• Strong team and interpersonal skills
• Strong communication, accounting, industry and relationship management skills.

Skills Desired:
• CPA a plus but not required
• Prior experience with a Hedge Fund preferred
• Sarbanes-Oxley 404 related experience or experience in SAS 70 preparation a plus
• Tax knowledge and experience in tax return preparation a plus
• Knowledge of IFRS a plus