Address
Form of workHPS Investment Partners is a leading global investment firm that seeks to provide creative capital solutions and generate attractive risk-adjusted returns for our clients. We manage various strategies across the capital structure that include syndicated leveraged loans and high yield bonds to privately negotiated senior secured debt and mezzanine investments, asset-based leasing and private equity. The scale and breadth of our platform offers the flexibility to invest in companies large and small, through standard or customized solutions. At our core, we share a common thread of intellectual rigor and discipline that enables us to create value for our clients, who have entrusted us with approximately $106 billion of assets under management as of October 2023. HPS has approximately 200 investment professionals and over 630 total employees, and has 15 offices globally.
HPS believes in the importance of giving back to its communities, and in promoting diversity and inclusivity at the firm. We are dedicated to fostering enduring community relationships, and we support our team's community involvement through volunteer work, board service, and other contributions. In addition, environmental, social, and governance (ESG) considerations are central to HPS's culture and investment processes.
Department Description
The Fund Accounting team's primary responsibility is the books and records of the HPS funds. This responsibility includes oversight, review and reconciliation of the books and records with internal teams including Middle Office, Cash Management, and Asset Management / Valuation as well as with external, third-party fund administrators. This responsibility includes NAV calculation and review, management and performance fees, expense review and management and capital calls and distributions. In addition to the core books and records, Fund Accounting works closely with Legal on fund setup and operation, with Product Specialist and Investor Relations on ongoing and ad hoc analysis and with Management Company Accounting on AUM, performance and fee reporting and revenue recognition.
Position DescriptionThe Fund Accounting Analyst performs an integral role within the Fund Accounting team as the primary individual responsible for review and reconciliation of the funds' books and records, liaising with both internal HPS departments and external third-party fund administrators, reporting to a Vice President in the Fund Accounting department. The Fund Accounting Analyst will be involved in the closing of the books including NAV review and reconciliation, fee calculations and partners' capital statement review among other responsibilities. Additionally, the Fund Accounting Analyst will be involved in fund setup and operation and ad hoc internal and investor requests.
Responsibilities
Specific responsibilities will include but not be limited to the following:
- Monthly and quarterly closing of the funds' books with fund administrators
- Management fee and incentive fee waterfall calculation and review
- Preparation and review of partners' capital statements
- Preparation and review of capital call and distribution calculations and notices
- Review of fund expenses for accuracy and coordination of accruals and payments
- Calculation and review of monthly investor return and NAV estimates
- Preparation and review of quarterly and annual GAAP financial statements
- Ad hoc reporting and projects
Candidate Profile
- 2+ years of relevant experience in an Accounting role
- Accounting degree preferred
- CPA preferred
Location
- New York, NY
Employment Type
- Full-time, Exempt
Hybrid Work Schedule
- 4/1 split (M-Th work from office, F work from home)
The base salary range for this position is $95,000 - $110,000 but may vary based on various factors including job function, experience and geographic location. This position is eligible for a discretionary annual bonus.
HPS Investment Partners is an equal opportunity employer. HPS does not discriminate in employment opportunities or practices on the basis of race, national origin, color, religion, sex, age, disability, pregnancy, citizenship status, ancestry, military or veteran status, sexual orientation, gender, gender identity or expression, marital and civil partnership/union status, genetic predisposition or carrier status, or any other characteristic protected by federal, state or local law.
