Assistant Corporate Controller

Summit

TX Capital, LP is a prestigious and highly successful hedge fund manager with assets under management (AUM) over $3 billion. Our firm has achieved consistent growth and established itself as a leading player in the multi-manager segment of the hedge fund industry. As we continue to expand, we are seeking a Corporate Assistant Controller to play a key role in overseeing financial operations, maintaining accurate records, and ensuring compliance of our management company from end to end.

The ideal candidate should possess a strong background in accounting and financial analysis. The role reports directly to the Controller.

Duties/Responsibilities:

General Accounting:

• Oversee day-to-day accounting functions, including journal entries, account reconciliations, and month-end close processes.
• Oversee payment processing, including vendor payments and expense allocations.
• Oversee payroll processing
• Monitor fund revenue streams and ensure proper allocation of fees and expenses between funds and the management company.
• Work closely with the fund accounting team to resolve issues and discrepancies.
• Assist in the preparation and analysis of financial statements, including income statements, balance sheets, and cash flow statements.
• Collaborate with the Controller in the timely and accurate reporting of financial information.

Internal Controls:

• Contribute to the development and maintenance of robust internal controls to safeguard assets and maintain the integrity of financial information.
• Monitor compliance with internal policies and procedures.
• Support financial analysis efforts, providing insights and recommendations to senior management.
• Assist in budgeting and forecasting activities.
• Collaborate with various departments, including fund accounting, operations, and investment teams, to ensure accurate and timely financial information

Regulatory Compliance:

• Ensure compliance with financial regulations, accounting standards, and reporting requirements.
• Assist in the preparation for external audits and regulatory examinations.

Required Skills/Abilities:

• Knowledge of hedge fund investment strategies and related financial instruments
• Strong understanding of financial regulations, accounting principles, and reporting standards.
• Excellent analytical, communication, and organizational skills.
• Ability to work collaboratively in a fast-paced and dynamic environment.
• Broad knowledge of Microsoft applications, demonstrated mastery of Excel
• Excellent interpersonal skills, frequent and clear communicator, should be responsive and results-oriented
• Ability to work in a team-oriented environment
• Organized, high level of initiative, self-directed and independent worker with a strong attention to detail and time management skills

Education and Experience:

• A Bachelor's Degree in Accounting or Finance required
• 6+ years of accounting experience (may include public accounting/Big 4 background)
• US GAAP Financial Statement experience required
• Prior experience at a hedge fund, private equity firm, or asset management firm in a corporate/management company accounting role required
• CPA Certification required
• Net Suite Experience strongly preferred

Compensation:

• Base Salary Range: $110k to $215k per year, contingent on experience
• Discretionary annual bonus eligible

Seniority level: Mid-Senior level

Employment type: Full-time

Job function: Accounting/Auditing

Industries: Financial Services and Investment Management