Account Manager - Fund Administration

Principal Duties:
• Serve as single point of contact for hedge fund clients; manage approximately 3-5 client relationships
• Liase with India operations and clients to resolve daily trade and accounting breaks
• Prepare or detail review monthly account closing procedures within 5-10 business days and ensure compliance with established accounting procedures and controls
• Ensure all fund expenses are accrued timely and in accordance with GAAP
• Perform monthly master-feeder accounting allocations
• Prepare or detail review investor allocations
• Prepare or detail review accounting journal entries related to standard accruals, management and incentive fees (calculated in accordance with fund documents), deferred compensation payables, derivative contract financing and broker financing
• Ensure monthly valuations are reviewed and approved prior to distribution to clients and review and approval by clients prior to distribution to investors
• Review key legal fund offering documents to create account set up on investor allocation systems and identify possible accounting or administrative implementation issues
• Assist client conversion teams with new client set up and accounting conversion implementation
• Identify and implement solutions to problems (accounting, operations, investor service) leveraging firm resources as appropriate to strengthen control environment
• Coordinate year end audit with client and independent auditors
• Act as a conduit between clients and their custodians

This client serving position requires strong communication, accounting, industry and relationship management skills.
REQUIREMENTS
Requirements:
• CPA a plus but not required
• Extensive knowledge required of hedge fund investor accounting concepts including offshore class/series accounting, partnership accounting, accounting for complex management and incentive fee terms (hurdle rates), offshore fee deferrals, side-pocket accounting, equalization methods, allocation of new issues
• Strong knowledge of US generally accepted accounting principles required, including accounting for and valuation of a variety of investment products including hard to price securities, over-the-counter derivatives, etc.
• Experience required in GAAP financial statement preparation, including key schedules and drafting footnote disclosures e.g. condensed schedule of investments, financial highlights
• Strong understanding of hedge fund structures (master-feeder, mini-master, fund-of-funds)
• Strong team and interpersonal skills
• Sarbanes-Oxley 404 related experience or experience in SAS 70 preparation a plus
• Tax knowledge and experience in tax return preparation a plus
• Knowledge of Koger’s NTAS systems a plus
• Knowledge of IFRS a plus