What are the responsibilities and job description for the Fund Accountant Associate - Hedge fund position at Dagen?
Fund Accounting Associate – Hedge fund
A Dallas hedge fund is seeking a motivated and detail-oriented individual to join their Accounting team. This dynamic role offers the opportunity to collaborate with various departments across the firm, including portfolio management, legal, tax, technology, investor relations, fund administration, and external auditors.
As part of this position, you will gain hands-on experience in fund accounting, performance analysis, and risk reporting for a diverse portfolio of hedge funds, separately managed accounts, venture capital, and private equity. Key responsibilities include:
- Conducting performance analytics and data analysis to support the integrity of automated system reports
- Oversight of fund administrators to ensure accurate reporting and timely close processes.
- Preparation of routine and ad-hoc reporting requests from investor relations and the portfolio management team
We are looking for a proactive individual who takes ownership of their work, demonstrates intellectual curiosity, and actively contributes to the success of the firm.
Qualifications & Preferred Skills:
- Bachelor’s or Master’s degree in Accounting or Finance.
- CPA of CFA certification preferred.
- Proficiency in MS Excel, with advanced analytical capabilities.
- Hedge fund accounting experience, including partnership allocations, Master-Feeder structures, standalone entities, and separately managed accounts.
- Strong understanding of the fund accounting lifecycle and NAV calculation processes.
- Exceptional organizational skills, with the ability to multitask and meet deadlines in a fast-paced environment.
- Strong analytical, communication, and interpersonal skills, with keen attention to detail.
Key Responsibilities:
- Deliver time-sensitive financial data to the Portfolio Manager, CFO, and Investor Relations team on a regular and ad-hoc basis.
- Review administrator postings of fund accounting activities, including subscriptions, redemptions, money movements, complex P&L allocations, journal entries, monthly close, and reconciliations to internal data systems. Provide financial insights to the Director of Fund Accounting, Controller, CFO, and Portfolio Manager as needed.
- Monitor daily fund NAVs and perform end-of-day reconciliations and performance reporting for the portfolio management team.
- Generate daily and monthly performance reports, including calculations and statistics for various funds and class fee structures. Collaborate with investor relations and compliance departments to ensure reports are appropriately targeted for various internal or external audiences.
- Collaborate with IT to develop, test, and implement reporting tools, automation, and process enhancements.
