We are a specialized hedge fund focused on power and energy trading across North American wholesale electricity markets. We are seeking a highly capable Financial Controller to build and oversee the fund’s accounting, financial reporting, valuation control, and operational infrastructure. This is a senior, hands-on role working directly with the CIO, COO, risk, operations, and external administrators. As our business continues to grow, this is a unique opportunity to join an innovative and fast-growing hedge fund in the power and energy trading firm.
Key Responsibilities
- Fund Accounting & Financial Reporting
- Oversee daily P&L production and reconciliation with risk and trading systems
- Manage monthly NAV production and review (in coordination with fund administrator, if applicable)
- Ensure accurate mark-to-market valuation of physical and financial power positions
- Prepare quarterly and annual financial statements in accordance with U.S. GAAP (or IFRS as applicable)
- Coordinate year-end audit process and serve as primary contact for external auditors
- Own financial data for key client deliverables, including investor reports, capital statements, and annual audited financial statements
- Respond promptly and accurately to client, prospect, and consultant information requests, utilizing internal and external resources.
- Regulatory & Compliance Reporting
- Oversee CFTC, FERC, NFA, and other regulatory reporting requirements (as applicable)
- Ensure compliance with hedge fund reporting obligations (Form PF, etc.)
- Design and implement fund-specific control procedures to ensure accurate financial accounting and reporting
- Maintain robust internal controls and documentation
- Treasury & Cash Management
- Oversee cash forecasting and liquidity management across clearing accounts and ISDA/CSA collateral
- Monitor margin requirements and collateral optimization
- Manage relationships with prime brokers, FCMs, custodians, and banks
- Tax & Structuring
- Coordinate with tax advisors on partnership allocations, K-1s, and tax filings
- Support fund structuring, SPVs, and new entity formation
- Evaluate tax implications of new trading strategies
- Systems & Infrastructure
- Oversee integration between ETRM/risk systems and accounting systems
- Improve automation around P&L reconciliation, settlements, and reporting
- Implement scalable controls as the fund grows
Qualifications
- Required
- Minimum of a bachelor’s degree in accounting or finance; CPA strongly preferred
- 7-10 years of experience in financial accounting, audit, or finance within an alternative investment manager, with exposure to hedge funds, private equity, or credit
- Direct experience with power markets (ERCOT, PJM, MISO, CAISO, SPP, etc.)
- Strong understanding of mark-to-market accounting for derivatives
- Experience working with fund administrators and auditors
- Deep knowledge of hedge fund structures (LP/GP, master-feeder, offshore structures)
- Highly Preferred
- Prior experience at a power trading firm, commodity hedge fund, or energy merchant
- Familiarity with FTR accounting and valuation
- Experience with ETRM systems (Endur, Allegro, Molecule, Amphora, etc.)
- Understanding of ISDA agreements and collateral mechanics
- Experience building finance infrastructure from the ground up
- Experience with Independent price verification (IPV) and valuation controls for power derivatives
- Experience with developing valuation methodologies for illiquid instruments (e.g., FTRs and capacity contracts)
Key Attributes
- High integrity and strong control mindset
- Comfortable operating in a fast-moving trading environment
- Ability to challenge traders constructively on valuation and risk matters
- Detail-oriented but commercially pragmatic
- Strong communication skills across front, middle, and back office
Compensation
- Competitive base salary
- Performance-based bonus tied to fund performance
- Medical, dental and vision coverage
- 401k matching and life insurance.