Assistant Controller – Fund Accounting
About Us
- Summit
- TX Capital, L.P. ("Summit
- TX"), founded in July 2015, is an equity market neutral hedge fund manager headquartered in Fort Worth, Texas.
- Led by Caroline Cooley, CEO and Co-Chief Investment Officer, and Neilson Arbour, Co-Chief Investment Officer, Summit
- TX operates as an open architecture multi-manager platform, managing over $3 billion across three investment solutions, each offering a distinct risk/reward profile within a shared investment process and portfolio framework.
- The Firm's foundation is fundamental equity investing, executed by sector and regional specialists with deep domain expertise across global markets.
- Events and Systematic investing capabilities complement this core, enhancing portfolio construction and risk management across all three solutions.
- For more information, please visit (www.summittxcapital.com).
Location: Fort Worth, TX (Hybrid) or New York, NY (Hybrid)
Position Overview
- Join the Fund Accounting team at Summit
- TX Capital.
- We are seeking an experienced Assistant Controller to lead key aspects of the day-to-day and month-end accounting activities of the Summit
- TX Capital funds.
- The role reports directly to the Head of Accounting, will provide day-to-day work direction and technical review of junior team members, and will serve as a primary point of review and escalation before deliverables reach the Head of Accounting.
- The role will play a pivotal role in the Summit
- TX Capital fund accounting function and will collaborate closely with the corporate accounting, operations, marketing, compliance, and legal teams, as well as with the fund's external administrator and auditors.
Key Responsibilities
- Own the review of fund NAV deliverables — including daily estimates, investment valuation, and investor statements — and serve as the primary point of contact for the fund administrator, escalating exceptions and ensuring deadlines are consistently met
- Lead and oversee day-to-day fund accounting operations, including maintenance of the shadow accounting system, expense processing, and general ledger activity, ensuring accuracy and adherence to internal controls
- Provide day-to-day task direction and technical review for Fund Accounting junior team members, ensuring accuracy and timeliness of deliverables
- Review and approve calculations of complex management fees, incentive/performance fees, and allocations across multiple relationships, including side letters
- Serve as a key point of contact for external service providers (fund administrator, auditors, tax preparers, compliance consultants), resolving escalated issues and driving timely resolution
- Manage the annual external audit process end-to-end, including coordination of PBC requests, resolution of auditor inquiries, and review of draft financial statements and footnote disclosures
- Manage the tax compliance process for the funds, including coordination with external tax preparers on K-1 preparation, offshore tax reporting, and review of tax workpapers for accuracy
- Partner with the corporate accounting, operations, marketing, compliance, and legal teams on cross-functional workflow and initiatives
- Monitor and ensure ongoing compliance with the accounting and reporting provisions of the governing documents of the funds and investment management agreements, flagging discrepancies proactively
- Identify, recommend, and help implement process improvements and system enhancements to increase the efficiency, accuracy, and scalability of the fund accounting function
Qualifications
- A Bachelor's Degree required; a Master in Accountancy a plus
- 7-10 years of progressive accounting experience required, including public accounting/Big 4 and/or hedge fund or fund administrator experience
- Proven ability to guide, train, and review the work of junior teammates and provide constructive, technical feedback
- Strong US GAAP Financial Statement experience required
- Hedge fund experience strongly preferred; familiarity with master-feeder structures and complex fee/allocation arrangements a plus
- CPA Certification required
- Highly organized, self-directed with a strong attention to detail, sound judgment, and a hands-on, roll-up-your-sleeves approach
Compensation
- Base Compensation Range: $130k - $200k depending on experience
- Discretionary bonus eligible
