Hedge Fund Controller

Overview:

Participate in the fund’s profits while serving as Controller / CFO of a Hedge Fund in the Los Angeles, CA area. Relocation available. Hedge fund experience and CPA required. Big 4 a plus. For additional opportunities, visit www.knmresources.com

Fund responsibilities

• Prepare the annual, monthly and quarterly NAV closing packages, investor capital statements and financial statements
  
• Manage external fund administrators and auditors.
  
• Lead the governing documents of new product launches (PPM, LLC, LP agreements, loan agreements, subscription documents, etc.).
  
• Review inputs into investment valuation models, including financial metrics, capital structure and reasonableness of methodology utilized.
  
• Create and manage the firms data-room for investors
  
• Provide reporting on fund metrics and other ad-hoc financial information to internal management, external counterparties, and investors.
  
• Serve as representative for board meetings.
  
• Coordinate investor transactions including subscriptions, redemptions, distributions, and subsequent commitment closes.
  
• Institute accounting, financial reporting, and internal reporting processes and controls, including reporting for carried interest, management fee and incentive fee calculations.
  

Accounting / Management Reporting / Audit:

• Review monthly journal entries, bank reconciliations, general ledger, and supporting schedules
  
• Responsible for the month end close and leading the preparation of the monthly P&L and annualized forecast
  
• Prepare/review the Firm’s financial statements and Profit Sharing Plan
  
• Ensure quarterly hurdle expenses are allocated accurately for performance payouts.
  
• Review management fees calculations and rebates.
  
• Review market data & research contracts/subscriptions and forecast files.
  
• Involvement in preparation of quarterly expense ratios and board slides.
  

Technology:

• Advanced Excel
  
• Administration of the general ledger and AP system
  

Tax:

• Reconcile K-1s & track investment basis.
  
• Research tax rules and accounting issues; provide management with recommendations.
  
• Manage annual filings of 1099s.
  

AP/Banking:

• Manage vendors and banking relationships