Hedge fund accountant jobs perform the crucial task of organizing and monitoring the flow of money through a hedge fund, maintaining accounts, making transactions, and keeping records of all exchanges. Accountants may also be responsible for the creation of monthly or quarterly reports for fund investors, and may be tasked with regulatory compliance as well. Keep in mind, this is not your typical accounting job. Just because you have 15 years of experience as a CPA, if you don't know alternative investments, you likely won't get the gig.
Accountants in hedge funds are generally expected to have a formal degree in accounting from a recognized business school, and prior experience in the finance industry, and with hedge funds in particular, is considered a strong advantage. Accountants in the hedge fund industry frequently start out in the $40,000 to $60,000 range, and may end up making $300,000 to $400,000 or beyond, if working for a large firm in a major metropolitan area.
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