What are the responsibilities and job description for the Accounting Analyst position at SummitTX Capital?
About the Firm:
SummitTX Capital, L.P., is an institutional hedge fund manager founded in 2015. It employs an open architecture, multi-portfolio manager, and multi-strategy equity-oriented business model and manages ~$3 billion for global investors. SummitTX is headquartered in Fort Worth, Texas, and maintains a significant presence in New York. For more information, please visit www.SummitTXCapital.com.
About the Position:
Join the Fund Accounting team at SummitTX Capital. As we continue to expand, we are seeking a Fund Accounting Analyst to support the day-to-day accounting activities of the SummitTX Capital funds. The role reports directly to the Controller and will work closely with the Accounting Manager. The role will play a pivotal role in supporting the SummitTX Capital fund accounting function and collaborate closely with the operations, marketing, compliance and legal teams.
Duties/Responsibilities:
- Perform primary review of deliverables related to the fund NAV, including daily estimates, financial statements, valuation, investor statements, and other ad-hoc reporting (daily, weekly, monthly, annual)
- Perform day-to-day accounting activities of the fund such as input into and review of our shadow accounting system and expense processing.
- Actively liaising with the investment, operations, tax, corporate accounting, compliance, marketing, and legal teams
- Closely engage with key external service providers (including the administrator, banks, legal, auditors, etc.) and counterparties on a frequent basis
- Perform calculations of complex management fees, incentive fees, and allocations across multiple relationships
- Support external audit process including financial statement review and ensuring audit requests are provided timely
- Assist with maintaining compliance with relevant accounting and reporting provisions of the governing documents of the funds and investment management agreements
Required Skills/Abilities:
- Broad knowledge of Microsoft applications, demonstrated mastery of Excel
- Excellent interpersonal skills, frequent and clear communicator, should be responsive and results-oriented
- Ability to work in a team-oriented environment
- Organized, high level of initiative, self-directed and independent worker with a strong attention to detail and time management skills
Education and Experience:
- A Bachelor's Degree required, and a Master in Accountancy a plus
- 2-3 years of accounting experience (may include public accounting/Big 4 background)
- US GAAP Financial Statement experience required
- Hedge Fund experience preferred
- CPA Certification required