Alternatives Fund Accountant (Hedge Funds)

Job Description

SS&C: Managed Operations – Alternatives Fund Accountant

Key Responsibilities

Fund Accounting Delivery & Close Oversight

- Deliver fund accounting services across multiple fund types and structures, including:

• Standalone funds and Master / Feeder structures (including profit and loss push / pullmechanics)
• Cayman and Delaware domiciled funds
• UCITS and other regulated vehicles
• Capital‑account driven and alternative investment structures, including private investments and side pockets

- Execute and manage daily, monthly, and quarterly close cycles, including:

• Preliminary / estimated closes and final closes
• Closed‑period accounting and subsequent‑period adjustments
• Alignment to client timelines for preliminaries, finals, and investor reporting

- Own core fund accounting activities, including:

• Accrual and expense accounting (cash versus accrual treatment)
• Fee calculations and postings, including management, performance, administration, and carried interest
• High‑water marks, hurdle rates, benchmark returns, and retained earnings
• Accounting for capital activity, bank debt (funded, unfunded, and commitments), and complex instruments
• Valuation and foreign exchange treatment aligned to pricing and valuation policies

- Apply sound judgement across accounting nuances such as:

• Derivatives, including swaps and Open Trade Equity (OTE) treatment
• Offsets, tolerances, and threshold agreements
• Chart of accounts alignment and financial statement presentation

Operational Control, Dependencies & Collaboration
- Maintain a strong working understanding of reconciliation processes, including:

• Cash, position, profit and loss, Open Trade Equity (OTE), and trial balance reconciliations
• Market value versus cost, tax lots, and valuation support
• Understand accounting outcomes, timing, and dependencies
• Confirm readiness for close and downstream use
• Identify and escalate issues with potential reporting or allocation impact

- Support client onboarding and solution design, working directly with clients and internal implementation teams to:

• Gather and validate accounting requirements
• Provide input into system configuration and accounting approach o
• Participate in testing, walkthroughs, and controlled handover into steady‑state delivery

- Operate in line with agreed service-level agreements, operational calendars, and runbooks, contributing to:

• Runbook refinement and maintenance
• Documentation of best practices
• Continuous improvement and standardisation of repeatable processes

- Work collaboratively with downstream functions (including investor accounting and allocations) to provide accounting context and support, ensuring consistent understanding of fund‑level outcomes

Required Experience

• 3–10+ years’ experience in fund accounting, fund control, or managed operations
• Strong experience with Advent Geneva or equivalent fund accounting platforms
• Proven ability to manage complex fund structures and multiple close cycles
• Strong accounting judgement across accruals, fees, valuation, derivatives, and period close
• CPA preferred (or equivalent accounting qualification)
• Comfortable engaging with client Fund Controllers, Chief Financial Officers, and senior operations teams
• Consultative mindset with strong ownership, communication skills, and attention to control