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Associate Manager (AVP) Hedge Funds
Ref No.: 18-03161
Location: Union, New Jersey
Position Type:Full Time
Pay Rate : $ 110,000.00 - 115,000.00 /Year
Associate Manager (AVP) – Hedge Funds

Job Summary:
Associate Manager (AVP) – Hedge Funds: will be responsible for transaction processing, the proper application of accounting principles to complex transactions, and financial reporting, for our Hedge equity clients.

Job Description:
Associate Manager (AVP) – Hedge Funds: The associate will be responsible for a broad spectrum of financial and accounting matters affecting our Hedge equity clients. Associates should have a strong background in financial accounting, ideally with some prior exposure to accounting for financial instruments. The associate is responsible for preparing and processing transactions and financial reports, and exercising sound judgment regarding the proper application of accounting principles to complex transactions. Additionally, the associate must have excellent client service skills, and the ability to work within a team toward the timely and accurate production of client deliverables.
  • Contribute toward a team covering one or more client relationships
  • Deliver accurate and timely work product within specified deliverables timelines, and in coordination with the vice president and other team members
  • Review all transaction documentation and supporting files, and understand the features of the investment transactions, accruals, etc.
  • Perform bank reconciliations, process journal entries, and prepare supporting financial schedules
  • Handle daily/routine client information requests
  • Prepare work paper files for accuracy and completeness, including capital activity, investment activity, income and expense accruals, valuation adjustments, etc.
  • Prepare management fee calculations and supporting schedules
  • Prepare investor allocations and capital account statements
  • Prepare capital call and distribution calculations, sources/uses of cash, allocations, and investor notices
  • Update distribution waterfall (carried interest) models, in keeping with the applicable fund terms
  • Assist in the preparation of financial statements, notes disclosures, and supporting schedules
  • Support the year-end audit process, in collaboration with the team, client, and auditors
  • Where applicable, support the tax team with information to prepare tax compliance/reports
  • Support corporate goals and business/departmental initiatives
Job Skills/Qualifications:
  • Bachelor's degree in Accounting or related field
  • 5+ years experience in hedge fund accounting – experience in the financial services sector a plus
  • Knowledge of US Generally Accepted Accounting Principles and other comprehensive basis of accounting – knowledge of accounting for financial instruments a plus
  • Must have a strong academic foundation in financial accounting: journal entries, cash transactions and reconciliations, non-cash activity, investment activity, and investor capital activity
  • Deadline oriented with ability to complete assigned tasks independently.
  • Attention to detail and ability to multi-task
  • Excellent interpersonal and communication skills
  • Proficiency in Microsoft Office suite, with emphasis on Excel skills
  • Sungard Investran experience a plus
  • Team player