What are the responsibilities and job description for the Hedge Fund Controller position at E78?
About E78
E78 is a leading provider of finance, accounting and technology solutions for middle-market businesses and financial sponsors. Our team delivers platinum-level advisory, talent, and managed services that address the critical finance, technology, and transformation challenges faced by corporate leaders and private equity sponsors across the middle market through the Fortune 500.
For the sixth consecutive year, E78 has made the Inc. 5000 list, at No. 734 in 2024, which includes a three-year revenue growth of 655%
We are a community of results-driven gamechangers, and our passion drives us to achieve success through meaningful work and inspires us to make a lasting impact.
E78 is headquartered in Oak Brook, IL with offices around the country. Come join our growing team!
A few reasons why 450 professionals are thriving at E78:
- Career advancement opportunities
- Flexible Paid Time Off (PTO) - Which includes traditional vacation time and sick leave
- Industry leading maternity benefits, which also includes Parental Leave
- Bonus eligibility
- For every dollar contributed E78 will match up to 4%
- Highly competitive salaries
- 10 Company Paid Holidays
- Opportunity for professional growth
- Blue chip client logos to partner with
- A culture of support and inclusion that fosters collaboration and diversity
- World-class leadership committed to your development
Position Summary
The Hedge Fund Controller is responsible for overseeing all accounting and financial reporting functions for a hedge fund. This role ensures the accuracy and compliance of financial statements with fund policies, industry practices, accounting principles, and regulatory standards.
Key Responsibilities
- Financial Reporting: Prepare and review financial statements, ensuring accuracy and compliance with GAAP and other regulatory requirements.
- Investor Allocations: Manage and review investor allocations and complex fee structures.
- Fund Accounting: Oversee the accounting of the fund's underlying investments, including valuation and performance reporting.
- Expense Management: Review and manage non-trading expense items, coordinate invoice sign-offs, payments, and accrual adjustments.
- Cash Management: Monitor and manage cash flows, including cash forecasting and liquidity management.
- Audit Coordination: Coordinate with external auditors for annual audits and ensure timely completion.
- Regulatory Compliance: Ensure compliance with all relevant regulatory requirements and industry standards.
- Ad Hoc Analysis: Provide financial analysis and support for strategic decision-making and operational improvements.
- Team Leadership: Lead and mentor a team of accountants and financial analysts.
Required Qualifications
- Bachelor's or Master's degree in accounting, finance, or a related field. CPA or CFA designation preferred.
- Minimum of 8-10 years of experience in fund accounting or financial reporting, preferably within the hedge fund industry.
- Strong knowledge of GAAP, excellent analytical and problem-solving skills, proficiency in financial software and systems, and strong communication and leadership abilities.
Preferred Qualifications
- Strong analytical, quantitative, and problem-solving skills and the ability to handle complex and large data sets.
- Proficient in financial modeling, valuation, and accounting principles and methodologies.
- Excellent communication, presentation, and interpersonal skills and the ability to work effectively with clients and team members at all levels.
- Proficient in Microsoft Office, especially Excel, PowerPoint, and Word. Experience with financial software, such as Power BI and Adaptive is a plus.
- Self-motivated, proactive, and detail-oriented and the ability to work independently and under pressure.
E78 is proud to be an equal opportunity employer. We do not discriminate on the basis of race, religion, color, national origin, sex (including pregnancy, childbirth, and reproductive health choices), sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as someone with a disability, political views or activity, or other applicable legally protected characteristics. We also consider qualified applicants with criminal histories, consistent with applicable federal, state, and local laws.
