Hedge Fund Controller

Hedge Fund Controller

Location: Midtown Manhattan
Work Schedule: Full-time, 40 hours per week
Hybrid Schedule: On-site Tuesday through Thursday; remote Monday and Friday
Anticipated Start Date: Week of September 14
Reports To: CEO

Position Overview

A New York–based hedge fund is seeking an experienced Hedge Fund Controller to lead its fund accounting, financial reporting, and control functions. This individual will oversee the monthly close process, fund-level accounting, performance reporting, and coordination with internal and external stakeholders.

The ideal candidate is a hands-on fund controller experience supporting a hedge fund with more than $3 billion in assets under management. This is a highly visible position reporting directly to the CEO and requires strong technical accounting expertise, sound judgment, and the ability to operate effectively in a fast-paced investment environment.

Key Responsibilities

- Manage the monthly, quarterly, and annual close processes for the fund and related entities.

- Prepare and review financial statements, management reports, and supporting schedules.

- Prepare and analyze fund-level profit and loss, performance, and variance reporting.

- Oversee fund accounting activities, including portfolio transactions, investment activity, income, expenses, accruals, and allocations.

- Review reconciliations between internal accounting records, the fund administrator, prime brokers, custodians, and other counterparties.

- Monitor the accuracy and integrity of the fund’s books and records.

- Review investor capital activity, including subscriptions, redemptions, transfers, and capital allocations.

- Coordinate with the fund administrator and other third-party service providers to resolve accounting and reporting discrepancies.

- Support valuation processes and ensure investments are recorded in accordance with applicable accounting policies.

- Manage the annual audit process and serve as a primary point of contact for external auditors.

- Support tax reporting and coordinate with external tax professionals as needed.

- Maintain and strengthen internal controls, accounting procedures, and financial reporting processes.

- Produce timely financial and operational reporting for the CEO and senior leadership.

- Identify opportunities to improve reporting, automate processes, and increase operational efficiency.

- Ensure compliance with applicable accounting standards, regulatory requirements, and internal policies.

Required Qualifications

- Significant fund accounting experience as a Fund Controller within a hedge fund.

- Experience supporting a hedge fund with more than $3 billion in assets under management.

- Strong knowledge of hedge fund accounting, financial reporting, performance reporting, and investment-related accounting.

- Demonstrated experience managing monthly close and financial statement preparation.

- Experience working with Enfusion by Clearwater or another fund accounting platform.

- Strong reconciliation, analytical, and problem-solving skills.

- Advanced proficiency with Microsoft Excel.

- Ability to communicate effectively with executive leadership, auditors, administrators, and other external partners.

- Ability to work on-site in Midtown Manhattan every Tuesday, Wednesday, and Thursday.

Preferred Qualifications

- Experience overseeing relationships with fund administrators, prime brokers, custodians, auditors, and tax professionals.

- Experience improving or automating fund accounting and reporting processes.

- Strong understanding of complex investment products and hedge fund structures.

- Experience operating in a lean, high-accountability investment management environment.