Fund Accounting Supervisor

About the Firm

Our client is a premier fund administrator providing accounting, reporting, and operational services to hedge funds, private equity firms, and other alternative investment vehicles. With a strong track record of supporting institutional investors, they are expanding their team and seeking a Supervisor, Fund Accounting to oversee the accounting operations for their growing portfolio of hedge funds and private equity funds. The ideal candidate will have strong experience in fund accounting, a deep understanding of alternative investments, and a passion for managing teams in a fast-paced environment.

Position Overview

The Supervisor, Fund Accounting will play a critical role in overseeing the daily operations of fund accounting for hedge funds and private equity funds. You will manage the accounting processes for multiple funds, ensure timely and accurate financial reporting, and supervise a team of fund accountants. You will act as a key point of contact for clients and provide high-level insights into portfolio performance, ensuring that all accounting functions are executed with the highest level of accuracy and in compliance with industry standards and regulatory requirements.

Key Responsibilities

Fund Accounting Oversight

• Supervise the daily accounting operations for a portfolio of hedge funds and private equity funds, ensuring timely and accurate reporting in accordance with GAAP and relevant fund structures.

• Review and ensure the accuracy of net asset value (NAV) calculations, cash reconciliations, and investment valuation processes for each fund.

• Oversee the preparation and review of financial statements for the funds, including the balance sheet, income statement, and partner capital statements.

• Ensure that capital calls, distributions, and management fees are properly calculated and allocated according to fund documents.

• Maintain strong relationships with clients, providing regular updates on the financial position of the funds, as well as responding to client inquiries.

Team Leadership and Development

• Lead and manage a team of fund accountants, providing training, guidance, and mentorship to ensure team development and professional growth.

• Allocate assignments to team members, monitor progress, and ensure that all deadlines are met.

• Review work completed by junior staff, providing constructive feedback and fostering an environment of continuous improvement.

• Conduct performance evaluations and provide ongoing support for staff development and career growth within the firm.

Financial Reporting & Compliance

• Ensure that all financial reporting and accounting procedures comply with regulatory standards, fund documents, and industry best practices.

• Oversee the preparation of quarterly and annual financial reports, including auditor coordination, and assist with the annual audit process.

• Review fund documentation, including offering memoranda, partnership agreements, and side letters, to ensure proper accounting treatment of complex investment structures.

• Ensure compliance with AIFMD, FATCA, and other regulatory frameworks relevant to hedge funds and private equity funds.

Process Improvement and Efficiency

• Identify and recommend process improvements to enhance the accuracy and efficiency of accounting and reporting functions.

• Assist in the development and implementation of new accounting procedures, systems, and technologies that align with industry standards.

• Implement and enforce internal controls to ensure that the financial statements of the funds are accurate and free of errors.

Qualifications

• Bachelor’s degree in Accounting, Finance, or related field (Master’s preferred).

• CPA, CFA, or CAIA designation preferred, or equivalent professional certification.

• 6–8+ years of experience in fund accounting, with a focus on hedge funds and private equity funds.

• Strong technical knowledge of GAAP, fund accounting, and alternative investment structures.

• Experience with fund administration platforms (e.g., Advent Geneva, Investran, eFront, IHS Markit, or Bloomberg AIM).

• Proven track record in team management, including performance evaluation, mentoring, and staff development.

• In-depth knowledge of capital calls, distributions, management fees, and NAV calculations.

• Experience with complex fund structures, including master-feeder, fund-of-funds, and multi-class funds.

Preferred Skills

• Experience with regulatory compliance, including AIFMD, FATCA, and SEC regulations.

• Advanced Excel skills (pivot tables, advanced formulas, and financial modeling).

• Familiarity with audit processes and providing support to external auditors.

• Strong communication skills, both verbal and written, with the ability to explain complex accounting issues clearly to clients and senior management.