Hedge Fund - Junior Controller (CFO in 1-2 Yrs) - Hybrid role, <~$500M 3-year-old hedge fund of 8 members with ‘23 performance of >15% and similar performance so far this year in Stamford needs a junior controller to create the accounting function (i.e., shadow accounting to monitor the administrator, perform mgt company accounting and backup operations).  Learn all aspects of the fund from the President, PM & traders. You’ll work side by side with them.  Grow to become the CFO.  Base of $120-$140k with bonus that depends on fund performance.  

Our Client

Our Client is a Stamford, CT based SEC-registered investment advisor managing approximately < $1 billion in client assets. In this pivotal role reporting to the COO, you will have the opportunity to enhance operational processes at our firm and work closely with key stakeholders including our founder. We are looking for someone passionate about the investment industry who wants to learn and develop their financial and operational skills. This fast-paced position offers the right candidate an opportunity for career advancement in our collaborative and rewarding environment. 

Fund Accounting Duties: 

• Manage monthly fund and SMAs account NAV & performance process 

• Maintain daily shadow accounting of administrators’ books and records 

• Prepare monthly tri-party position, cash, asset valuations and accrual reconciliations 

• Calculating management fees, performance fees, and other fund expenses 

• Preparing invoices and managing payment schedules 

• Partnering with administrators and investment managers to produce monthly NAV packages and financial statements 

• Build and maintain fund accrual schedules 

• Preparing and managing the subscription and redemption documents for SMAs and Funds 

• Assisting with year-end audits and financial statement preparation 

• Act as backup for the MO analyst when required, including the preparation of T+1 positions and trade reconciliations between the manager and the prime brokers. Collaborate with prime brokers to resolve any trade breaks efficiently and effectively, ensuring seamless operations. 

• Assisting with ad hoc projects and business process improvements 

Management Company Duties: 

• Maintain updated books and records on QBO 

• Receive vendor invoices via group e-mail, control and process via Bill.com 

• Control and process timely bill payments through Bill.com 

• Prepare monthly R&D expense invoices for fund and SMAs 

• Prepare monthly management fees invoices for fund and SMAs 

• Perform monthly cash reconciliation 

• Prepare monthly and quarterly financial statements for management and year-end package to provide tax preparer 

Qualifications: 

• BS/BA in accounting or finance 

• 3/5-year experience in fund operations, fund accounting, or middle office functions in a hedge fund, fund administrator, or audit firm 

• Strong familiarity with the trade lifecycle and relevant controls 

• Strong knowledge with exchange traded derivatives (i.e. futures and options on futures) and equities 

• Strong written and verbal communication skills 

• Working knowledge of commodity funds or CTAs 

• Ability to multi-task and thrive in a fast-paced, deadline-driven environment 

• Ability to build relationships both internally and externally 

• Strong computer skills: Advanced Excel, Portfolio Accounting Systems (Enfusion) preferred 

• Familiarity with Quickbooks Online or other accounting packages a plus