THE COMPANY
An independent investment advisory firm that focuses on value-oriented strategies to exploit inefficiencies within the equity and derivatives markets.
THE POSITION
The ideal candidate could come from a Hedge Fund Audit practice or may currently be working for a Prime Broker or a Global Fund Administrator. The Controller will report to the Portfolio Manager and work closely with the Administrative Executive. In this position the professional will serve as the internal contact and liaison for all outside service providers (Prime Broker, Fund Administrator, Legal and Audit), and serve as the firm’s head of internal accounting.
THE INDIVIDUAL
A. Prime Brokerage:
Primary liaison with our relationship manager and day-to-day contact at our prime broker.
Specific responsibilities would include dealing with trading related issues (breaks, options expirations, etc.), custody of certain assets, printing daily reports to be delivered to Portfolio Manager by 8:00 a.m., becoming intimate with online platform, checking over daily pricing of portfolio securities, etc.
Daily reports to be printed from prime broker include: (1) Daily Portfolio Appraisal By Position (2) Daily Detail Net Gains & Losses, and (3) Daily Portfolio Appraisal by Tax Lot.
Assist in possible transition from current prime broker to new candidate. Assist in search process.
B. Security Valuation/PIPE Accounting:
Assist PM on valuing PIPE securities on an “as requested” basis.
Thoroughly reading through and populating all PIPE documentation and PIPE subscription agreements, reg rights, legal ramifications, etc.
Primary point of contact for transfer agents, wiring proceeds (along with Administrative Executive), etc.
Comparing Bear Stearns pricing with end of period pricing from Bloomberg.
C. Service Providers:
Primary liaison between all service providers on LP side (Prime Broker, Fund Administrator, Legal, Audit).
Conducting annual service provider reviews, including rating their performance.
Sending monthly returns to Michael Liccar & Co.
Coordinating audit and tax process for the Fund at year end.
D. Accounting:
Increase existing internal controls, head of Firm internal accounting.
Reconcile bank every month as internal control process.
Track cash flow on a weekly basis.
Fulfill higher end accounting needs such as booking accrued performance for the year and coordinating this with tax auditors and both Fund and LLC side.
F. Other:
Potentially assisting in the firm’s research efforts and projects.
Performance calculation and attribution projects, monthly portfolio statistics calculations, etc.
Potentially assisting in client communications, marketing, etc.
The controller will report to the Portfolio Manager and work alongside the Administrative Executive.
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