Financial & Regulatory Reporting Associate/AVP
Job Description
This role is responsible for delivering high-quality financial and investor reporting across a range of alternative investment structures, including hedge funds, private equity funds, and CLOs. The position involves oversight of NAV production, capital activity, complex fee calculations, and financial statement preparation, while ensuring compliance with applicable accounting standards and regulatory requirements. The role will collaborate closely with internal teams, clients, and auditors to support accurate and timely deliverables.
Key Responsibilities
Oversee accounting, administration, and financial and regulatory reporting for hedge funds, private equity funds, CLOs, and other complex vehicles
Review NAV packages, investor allocations and financial deliverables for accuracy, completeness, and timeliness
Prepare and review quarterly and annual financial statements, including balance sheet, income statement, cash flows, and partner capital statements
Prepare and review statements of changes in partners’/shareholders’ capital, including subscriptions, redemptions, allocations, and equalization impacts
Ensure compliance with GAAP/IFRS and applicable regulatory and disclosure requirements
Draft and review footnote disclosures, including investment valuation, fair value hierarchy (ASC 820), and risk disclosures
Coordinate audit support, including preparation of PBC (provided-by-client) schedules and responding to auditor queries
Support tax reporting processes, including review of capital account statements and coordination of K-1 inputs
Analyze financial results and variances, including P&L trends, expense allocations, and performance drivers
Establish and document accounting treatment for complex structures (e.g., illiquid assets, structured products, bespoke investments)
Oversee complex calculations, including management/incentive fees, carried interest, waterfalls, and expense allocations
Perform and review reconciliations (cash, positions, P&L); investigate and resolve breaks to ensure data integrity
Analyze qualitative and quantitative data to identify risks, exceptions, and control gaps; implement corrective actions
Drive process efficiency through standardization, automation, and strengthened controls