Fund Controller | $200k to $250k

Summary:

Are you seeking an opportunity to join a collaborative and established firm that offers exciting growth opportunities, a good work life balance and competitive compensation? Our client, a Los Angeles-based Hedge Fund specializing in the US convertible credit market, is looking for an experienced Fund Controller to join their team. In this role, you'll collaborate with various teams, including operations, finance, technology, and trading, to ensure smooth operations and maintain compliance with financial reporting and tax requirements.

About the Firm:

Our client is a distinguished alternative credit manager with $8b+ in AUM and are known for its commitment to transparency, high investment discipline, and ethical practices. With a stable long-term institutional client base, the firm sets itself apart by fostering a collaborative and inquisitive team culture which has lead them to beat the market for 25 years straight! Join a diverse and forward-thinking organization that strives for excellence in all aspects of its operations.

Unique Selling Points:

• Experience the excitement of a seasoned firm who are actively raising new funds and growing
• Benefit from a good work-life balance, with consistent 40-hour weeks even during busy seasons.
• Enjoy a schedule aligned with East Coast hours (6 am PST to 3 pm PST), minimizing overtime demands and avoiding rush hour
• Hybrid work schedule with Monday and Fridays WFH
• Above market compensation ($200k to $250k)
• Thrive in a positive work culture characterized by extremely low turnover.

Responsibilities:

• Establish best practices with respect to operational controls, including trade breaks, prime brokerage and other daily reconciliations.
• Work with Fund Administrators to prepare and perform P&L, position, cash and trade reconciliations between administrator, brokers and internal systems.
• Resolve discrepancies such as income, corporate actions, pricing, and trade differences with all concerned parties in a timely manner.
• Identify and resolve valuation disputes between counterparty back office, dealers and administrator.
• Manage the monthly securities pricing process for equities, fixed income, derivatives, and OTC securities.
• Maintain fund allocation spreadsheets and database information for accounts.
• Calculate and analyze performance for monthly reconciliation packages as well as monthly/quarterly client statements
• Provide timely delivery of monthly/quarterly statements to clients and monthly PNL reports to external administrators.
• Prepare/review investors’ management/performance fees, profit & loss, and RORs.
• Prepare year-end financial statements in accordance with GAAP.
• Coordinate and manage annual audit completed by an external accounting firm.
• Review client financial statements, including all footnote disclosures and supplemental schedules.
• Coordinate preparation of and review year-end K1s/PFIC.
• Complete audit requests and Schedule C (form 5500) from auditors of clients.
• Work as an intermediary with IT and Accounting to define and to enhance business processes related to trade entry, operations and pricing.
• Coordination of trade settlement and break reconciliations for funds and separately managed accounts.
• Responsible for post-execution trade data flow from the order management system to service providers and internal systems.
• Responsible for identification and process of corporate actions and events at custodians and prime brokers.
• Operate trade affirmation platforms.
• Develop written policies related to Firm’s operations.
• Responsible for operational books and records, ensuring all systems have audit trails.
• Perform internal control procedures including process documentation, process walkthroughs and test of controls for clients to reduce audit risk and increase audit efficiency.
• Attend and participate in industry conferences

Qualifications:

• Highly intelligent, detail oriented and self-motivated with the desire to work within an integrated team to resolve time sensitive issues in a fast paced environment
• Expertise with partnership tax accounting a plus
• Familiarity with order management systems and administrative service providers.
• Proven analytical and critical thinking skills.
• Ability to excel in a team environment
• Bachelor’s degree in accounting, CPA preferred
• 7 years of experience (will consider 5 for the right person)
• Knowledge of financial markets, multi-asset class securities, fund accounting and reconciliations.
• Proficient with Excel is required.