Portfolio Accountant

REPORTING RELATIONSHIP: Chief Financial Officer

ROLE AND RESPONSIBILITIES: The Portfolio Accountant will be an integral part of the accounting team, supporting the financial reporting and accounting functions of the firm. This role will also closely interact with middle office, compliance and investor relations and will liaise with external parties such as the fund administrator and auditor.

 Specific Responsibilities include:

• Reconcile PNL between in-house and fund administrator, liaise with middle office and fund administrator clearing breaks
• Work with accounting team to prepare year-end audit, tax and financial statements preparation
• Independently liaise with outside service providers (auditor, fund administrator, etc.)
• Prepare weekly and monthly internal profit and loss return report
• Monthly NAV closing, review reconciliation schedules and investor allocation sheet prepared by the fund administrator
• Tax estimate 1256 PNL calculation and UBTI calculation
• Prepare quarterly regulatory filing for Forms PF, PQR
• Support IR on investor requests
• Review wires and ACH payments
• Assist accounting team with ad hoc requests and projects

QUALIFICATIONS:

• Bachelor’s degree in Accounting
• 3-5 years experience in portfolio accounting, fund accounting or audit experience
• CPA or CPA candidate preferred
• Must be a U.S citizen or authorized to work in the U.S on a permanent basis
• Willingness to work market hours (~7:00am-3:00pm)

SKILLS/KNOWLEDGE:

• Knowledge of hedge fund and hedge fund trading products (options, futures, stocks, swaps)
• Knowledge in partnership accounting
• Familiarity with GAAP, journal entries principles and FASB
• Familiarity with OTC trading and settlement is a plus
• Ability to quickly learn and apply new software
• High attention to detail
• Strong analytical and problem-solving skills
• Highly organized and good at time management and prioritization in order to excel in a fast- paced environment with multiple deadlines
• Strong communication skills

TECHNICAL ABILITIES:

• High proficiency in Excel
• Familiarity with Bloomberg

Parallax offers extremely competitive compensation and benefits, including (not limited to): 100% paid health insurance, 401(k) plan, Flexible Time Off, cell/internet reimbursement and continuing education opportunities.

Parallax is an equal opportunity employer.

Please no calls or recruiters.