Fund Controller

Diametric Capital is a multi-strategy, equity market-neutral fund company established on three decades of industry expertise. The firm is dedicated to providing investors with true alpha generation, consistent down market performance, uncorrelated returns, and a distinctive approach within the multi-strategy sector. Diametric was recognized as a finalist for Best Multi-Manager and Best Multi-Strategy under $1bn in September 2024 by HFM’s Hedge Fund Performance Awards.

The company is committed to addressing modern financial challenges through its innovative practices.

We are seeking a hands-on Fund Controller to own the firm’s fund accounting oversight, shadow NAV and P&L, financial controls, and reporting processes. This role will serve as the primary internal owner of financial accuracy across funds and SMAs and will work closely with senior management, the fund administrator, prime brokers, auditors, and tax advisors.

This is a high-impact role with significant ownership and a clear path to broader financial leadership as the platform grows.

• Own the daily shadow NAV and P&L for commingled funds and SMAs
• Oversee and review administrator-produced NAVs; investigate and resolve discrepancies
• Reconcile cash, positions, financing, and swaps with prime brokers and custodians
• Oversee pricing, corporate actions, and lifecycle events for equities and swaps
• Ensure accurate treatment of swap financing, accruals, fees, and corporate actions
• Review and validate trade bookings and P&L attribution
• Own expense accruals, allocations, and invoice workflows across funds and SMAs
• Maintain the general ledger and oversee monthly and quarterly closes
• Prepare and review management reporting (P&L bridges, expense analysis, performance reviews)
• Ensure strong controls, documentation, and review procedures around NAV, cash, and reporting
• Act as the primary internal owner of fund financial statements

• Serve as the primary day-to-day accounting counterpart to the fund administrator
• Manage relationships with prime brokers, auditors, and tax advisors on fund accounting matters
• Lead audit and tax support processes, including data preparation and review
• Oversee responses to investor and regulatory financial reporting requests (as applicable)

• Continuously improve processes, controls, and automation around accounting and reporting
• Improve data quality and workflow integration across trading, accounting, and reporting
• Assist with systems selection, implementation, and enhancements related to fund accounting and reporting
• Build scalable infrastructure to support AUM growth and additional strategies/accounts

• Bachelor’s degree in Accounting, Finance, or related field
• 5-7 years of experience in hedge fund accounting, fund administration, shadow accounting, or investment fund audit, with increasing responsibility
• Proven hands‑on experience owning or overseeing:
• NAV and P&L processes
• Prime broker reconciliations
• Equities and swaps, including financing and accruals
• Strong understanding of investment accounting, controls, and financial reporting
• Strong Excel skills; experience with fund accounting and reporting systems (e.g., SS&C, Geneva, Advent, Enfusion, Investran) a plus
• CPA and/or CFA a plus, but not required
• Highly detail-oriented, organized, and comfortable operating in a fast-paced, deadline-driven environment
• Able to operate with high ownership and judgment in a lean organization

Base salary: $130,000 – $175,000 (depending on experience and scope)