At a Glance
- Tasks: Oversee accounting and financial reporting for our CLO product suite in a dynamic hedge fund.
- Company: Join a global, systematic, multi-strategy hedge fund with a collaborative culture.
- Benefits: Competitive salary starting at $120,000, bonuses, health benefits, and 401(k) contributions.
- Other info: Opportunity for career growth in a challenging and rewarding financial landscape.
- Why this job: Make a real impact on financial accuracy and integrity in a fast-paced environment.
- Qualifications: Bachelor’s degree in Accounting or Finance; CPA preferred with 5-10+ years of relevant experience.
The predicted salary is between 120000 - 120000 £ per year.
We are seeking an Assistant Controller (level commensurate with experience) to oversee the accounting, financial reporting, and operational control functions for our Collateralized Loan Obligation (CLO) product suite within a global, systematic, multi-strategy hedge fund. This role sits at the intersection of fund accounting, structured credit operations, and external reporting, and requires close, ongoing collaboration with independent trustees, fund administrators, and collateral agents. The successful candidate will be a key control point for the accuracy, timeliness, and integrity of CLO-related financial information provided to internal stakeholders and external parties (investors, lenders, auditors, and regulators).
CLO Accounting & Reporting
- Oversee the full accounting lifecycle for CLO vehicles, including collateral accounting, waterfall mechanics, and compliance test reporting (OC/IC tests, collateral quality tests).
- Review and approve monthly/quarterly trustee reports, payment date reports, and note valuation reports for accuracy against internal books and records.
- Coordinate with independent trustees and fund administrators to reconcile collateral positions, cash activity, and NAV calculations.
- Review distribution waterfalls and payment calculations ahead of each payment date.
PnL and Management Reporting
- Review daily/monthly PnL for CLO strategies, investigating and resolving breaks between trading systems, administrator records, and trustee reports.
- Prepare and review management-level financial packages summarising CLO performance, fees, and risk/return metrics for internal leadership and investment teams.
- Support attribution analysis distinguishing mark-to-market movements, realised gains/losses, and interest income/expense.
External and Investor Reporting
- Prepare or review financial statements, investor letters, and capital account statements related to CLO vehicles.
- Serve as a primary point of contact for fund administrators and independent trustees on accounting treatment, reporting timelines, and issue resolution.
- Support external audit processes (annual audits, agreed-upon procedures) including preparation of audit schedules and responses to auditor inquiries.
Controls & Process
- Maintain and strengthen internal controls over CLO financial reporting, including reconciliations between the collateral manager’s books, trustee reports, and administrator NAVs.
- Identify and implement process improvements and automation opportunities across CLO reporting workflows.
- Ensure compliance with governing documents (indentures, collateral management agreements) from an accounting and reporting perspective.
- Partner with Operations, Legal, and Compliance on new CLO issuances, resets, refinancings, and wind-downs.
Required Qualifications:
- Bachelor’s degree in Accounting, Finance, or related field; CPA strongly preferred.
- 5–10+ years of relevant experience in fund accounting, structured credit, or CLO administration (asset management, fund administrator, trustee, or public accounting background considered).
- Direct hands-on experience with CLO structures — collateral accounting, waterfall mechanics, and trustee/administrator reporting — is required.
- Strong understanding of loan/credit instruments, GAAP, and relevant regulatory reporting requirements.
- Experience working directly with trustees, fund administrators, and auditors.
- Advanced Excel skills; experience with fund accounting or CLO-specific systems (e.g., Wall Street Office, ClearPar, Geneva, or similar) a plus.
- High attention to detail, strong organisational skills, and ability to manage multiple deadline-driven reporting cycles simultaneously.
- Excellent written and verbal communication skills, with the ability to present financial information clearly to both technical and non-technical audiences.
- Comfortable operating in a fast-paced, global, multi-strategy hedge fund environment.
The minimum base salary for this role is $120,000 if located in New York. This expectation is based on available information at the time of posting. This role may be eligible for discretionary bonuses, which could constitute a significant portion of total compensation. This role may also be eligible for benefits, such as health, dental, and other wellness plans, as well as 401(k) contributions. Successful candidates’ compensation and benefits will be determined in consideration of various factors.
Assistant Controller — CLO Products in London employer: Squarepoint Capital
Squarepoint is an exceptional employer, offering a dynamic work culture that fosters collaboration and innovation among elite professionals in the trading industry. Located in New York, employees benefit from competitive compensation packages, including discretionary bonuses and comprehensive health and wellness plans, while also having ample opportunities for professional growth and development through mentorship and training programs. Join us to be part of a forward-thinking team that values your contributions and supports your career aspirations.
StudySmarter Expert Advice🤫
We think this is how you could land Assistant Controller — CLO Products in London
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
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Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
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We think you need these skills to ace Assistant Controller — CLO Products in London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Squarepoint Capital.
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Research and Reflect:Before hitting that 'apply' button on Squarepoint Capital's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Squarepoint Capital
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Squarepoint Capital.
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✨Show Your Passion for Finance
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✨Network with Industry Professionals
Before your interview, reach out to current or former Squarepoint Capital employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
