We are seeking a Hedge Fund Accountant to join our successful, growing investment firm based in West Los Angeles. Our ideal candidate has 3-7+ years of accounting and/or operations experience in the Financial Services industry, inclusive of managing financials with various service providers. This position is also responsible for providing middle office services which may include liaising with third-party administrators, prime brokers, banks, and other related service providers to assist with trade reconciliation, manage investor flows, oversee account activity, and identify discrepancies. The job requires daily, weekly, monthly, quarterly, and annual deliverables, alongside fulfilling other operational tasks, responsibilities and longer-term improvement projects. We offer a hybrid work environment, with ~3 days a week in the office.
JOB ROLE & RESPONSIBILITIES
- Oversee day-to-day fund accounting performed by third party administrators, regulatory reporting and control processes
- Reconcile daily and monthly PnL between in-house and fund administrator, commissions and exchange fees on multiple products
- Review prepared financial statements and reports for multiple private investment funds
- Liaise with trader, execution brokers, and fund administrator clearing breaks
- Prepare monthly fund budget with accruals, pays and true-ups
- Assist fund administrator in monthly NAV closing, review reconciliation schedules and investor allocation sheet prepared by the fund administrator
- Assist controller in tax estimate: 1256 PnL calculation and UBTI calculation
- Support the IR on investor requests
- Oversee independent accountants, auditors, and required regulatory filings
- Coordinate and manage ongoing financial operations of the firm, including working with the investment, operations, tax, compliance, and legal teams
- Establish and maintain efficient and effective processes, including but not limited to PnL, risk, fund accounting, investor reporting and cash/asset management
- Provide oversight on cash management, ensuring highest yield, margin availability, and sweep efficiency
- Spearhead the completion of the Annual Financial Statements and Audit by third-party providers
- Own client deliverables related to the NAV process, including financial statements, valuation, investor statements, and other ad-hoc reporting (monthly, annual) as required
- Support in firm budgeting, invoice support, vendor management
- Support the Internal Code of Ethics and financial aspects of employee compliance responsibilities
- Work with administrators, prime brokers, banks and custodians to resolve any issues and to ensure on time confirmation and trade issues, and other money flow transactions
- Reconcile separately managed accounts and private funds to various custodians and fund administrators
- Research and resolve cash, position, and market value discrepancies
- Aggregate and distribute monthly and quarterly reporting to clients, consultants, and service providers, as may be needed
- Prepare spreadsheets to reconcile financial data, apportion expenses, and oversee transaction and trade execution activity over time
- Identify potential issues, and escalate to the appropriate parties, both internal and external, in a timely manner
- Maintain all team procedures to ensure they are updated, completed, and maintained across all clients and processes
QUALIFICATIONS
- 3-7+ years of experience as a hedge fund accountant, trade operations or controller, plus proven experience working as an integral component of a small team
- Understanding of SEC laws and securities disclosure requirements, as well as filing requirements
- Knowledge of private investment fund mechanics and partnership accounting
- Comfortable in a fast-paced environment, motivated by high goals and able to multitask
- Understanding of fund structuring, regulatory compliance, and tax concepts
- Outstanding time management and communication skills
- Commitment to excellence with outstanding execution; obsession for detail and organization
- Ability to comfortably handle pressures and deadlines of a high-growth, fast-paced and demanding environment
- Proficiency and technical / functional expertise in QuickBooks, Microsoft Word, Excel, PowerPoint, Outlook, and Adobe Acrobat, amongst others
- Positive, energetic attitude, with a calm demeanor
- Strong communication skills – proficient in writing, editing, and verbal communications, and the ability to draft engaging and impactful messages
- Excellent teamwork, collaboration, flexibility and proactiveness
- Ability to think independently, creatively, and quantitatively
- Experience dealing with investors and creating positive relations with the investor community, and with a client-minded focus
- Excellent interpersonal skills, and the associated ability to work professionally with multiple personality types
- CPA certification is a plus but not required, and
- Bachelor’s degree in Business, Accounting or Finance from an accredited, reputable university
Interested candidates should submit a cover letter, current resume or CV, and list of references to careers@logicafunds.com to be considered for this position.
Job Type: Full-time
Pay: $90,000.00 - $120,000.00 per year
Benefits:
- 401(k)
- 401(k) matching
- Dental insurance
- Health insurance
- Life insurance
- Paid time off
- Vision insurance
Experience level:
Physical setting:
Schedule:
People with a criminal record are encouraged to apply
License/Certification:
Ability to Commute:
- Los Angeles, CA 90049 (Required)
Work Location: Hybrid remote in Los Angeles, CA 90049