Fund Accounting Supervisor
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Overview
Job Description
At HedgeServ, we’re redefining what’s possible in fund administration. With more than $700 billion in assets under administration, we partner with the world’s most forward-thinking investment managers – across private equity, private credit, endowments, hedge funds and more – to deliver seamless, tech-enabled solutions that drive performance.
Our proprietary platform, enhanced by machine learning and robotic process automation, gives clients real-time insights and unmatched control over their operations. Alongside our technology, we offer award-winning service through our team-based approach -- led by a deeply experienced team of industry experts. Our solutions span the full investment lifecycle, including fund accounting, middle office, risk, compliance, tax, and investor services.
We’re a future-focused company, empowering our people through a robust career development framework, clear career trajectories with structured learning paths, training, and progression plans. We invest in leadership development and in our collaborative culture, creating space for talent to grow. Our corporate values – Relationships, Support, Innovation, and Expertise – create a sense of shared purpose and belonging, and we recognize our employees sit at the core of our success. We continue to innovate and evolve through our employees, working together to achieve our shared vision and mission.
HedgeServ supports employees through a variety of offerings, including remote and hybrid working arrangements, and fully paid comprehensive health and well-being benefits. We’ve been recognized as an employer of choice, earning a top 100 workplaces designation.
Founded in 2008, HedgeServ has grown into a global organization with over 2,000 experts across the globe, with offices in the United States, Grand Cayman, Ireland, Poland, Bulgaria, Luxembourg, the Philippines, and Australia. We’ve earned numerous accolades, including Top Overall Administrator, along with #1 rankings for providing alternative asset services in Accounting, Technology, Client Service, Investor Services, Alternative Fund Expertise, Reporting, and Regulatory Expertise.
This role will be hybrid in Dallas, TX or Raleigh, NC. Visa sponsorship will not be offered at this time.
Job Description
A Fund Accounting Supervisoris required toexecute the following tasks within the fund accounting department. They shall be executed within the guidelines and procedures provided byHedgeServand under the supervision and guidance of a Fund Accounting Assistant Manager and Manager. They willfacilitatethetimelyandaccuratedelivery of NAV calculations and work closely with the fund accountants under their supervision. Supervision of the cash,positionand OTC reconciliation process, including trade capture, processing corporateactionsandpricingare an integral part of the Fund Accounting Supervisor’s role. They willassistin the development of the NAV team, settinggoalsand acting as a guide and mentor to direct reports. Every Fund Accounting Supervisor will receive the requisite Induction Training in addition to both compulsory (AML/KYC) and optional training.Additionalclient-specific training will be provided by the NAV Assistant Manager.
Role Responsibilities
Thebelow listis not finite and may be added to. The combination of tasks required to be executed will vary depending on both client structure, clientrequirementsand business needs.
Review cash,positionand market value reconciliations.
Resolve break items on reconciliationsin a timely manner.
Review fund pricing.
Review corporate actions.
Review profit and loss reports for reasonableness.
Review income and expense accruals including fee calculations and trading accruals.
Review fund trial balance.
Review profit allocations to fund investors.
Review compliance withHedgeServdefined checklists,proceduresand controls.
Converse and liaise with internal services departments to resolve miscellaneous fund issues.
Escalate fund accounting issues and aged items to Fund Accounting Assistant Manager.
Respond to client queries ina timelyand efficient manner.
Assistin the audit process including preparation of fund financial statements.
Assistteam development by providing guidance,trainingand mentoring to Fund Accountants, setting their goals andmonitoringperformance.
Ensurepre-agreed internal and external deadlines are met consistently.
Assistteam development by providing guidance,trainingand mentoring to Fund Accountants, setting their goals andmonitoringperformance
HedgeServoperates a client focused structure which provides awide-rangeof experience to all levels ofemployee. Assucha Fund Accounting Supervisor should be flexible and willing to adapt.
A Fund Accounting Supervisor should be capable of supervising up to 4 Fund Accountants andfacilitatetheir ongoing development and that of the NAV team.
Pre-Requisite Knowledge, Skills, and Experience
3+ years’ experience working in a hedge fund administration firm is.
Accounting, Finance, Legal or Business Degree.
Intention to actively pursue a professional accounting qualification (ACCA, CIMA, CPA, ACA), if not already started, part qualified or qualified, would be an advantage but is not.
Strong analytical and problem-solving skills.
Strong attention to detail and well organized.
Ability to work under pressureand totight deadlines.
Ability to be flexible and work effectively both within a team structure and independently.
Strong inter-personal skills.
Good initiative tempered withidentifyingwhen escalation is.
Strong systems,productand process knowledge.
Automate your job search with Sonara.
Submit 10x as many applications with less effort than one manual application.
