Sung (Peter) Jeon
Hedge and private equity fund accountant
River Edge,NJ
Summary
CFA Charterholder with extensive experience in private equity and hedge fund accounting. Possess strong understanding of waterfall calculation, and a clear communicator both written and verbal with excellent excel skills.
Overview
20
20
years of professional experience
Work History
Account Manager
Citco Fund Services
Jersey City, NJ
07.2008 - 08.2023
- Prepare and review allocation files for domestic, offshore and master feeder structured funds.
- Prepare and review ILPA reports, capital calls, distributions, and make-up contributions & return of capital notices on subsequent close.
- Prepare and review fee calculations including mgmt fees, admin fees, carried interest/incentive calculations.
- Prepare and provide answers to audit for investor audit confirms and due diligence questionnaires.
- Set up new clients and funds in accounting system and all necessary specs according to fund docs.
- Coordinate with MO team, pricing team, IR team to produce administration transparency and board of directors reports.
- Manage and monitor the timing and quality of SLAs on 30+ Hedge and PE funds with $9B in AUM.
- Prepare annual goals, evaluate and provide year end review for six staff, 2 supervisors and 4 SFAs.
- Lead person on weekly client calls to discuss agenda items.
- Daily interaction with other departments and counterparts to prevent/resolve issues.
Hedge Fund Accountant
HSBC Bank
New York, NY
06.2005 - 07.2008
- Prepared monthly NAV package for hedge funds and fund of funds.
- Reconciled cash and positions to prime brokers.
- Reconciled fund expense accruals and corporate actions.
- Researched and communicated with client and supporting teams to resolve any fund related issues and queries.
- Assisted with client and auditors for annual audit process and financial statement preparation.
Mutual Fund Accountant
The Bank Of New York
New York, NY
08.2003 - 06.2005
- Maintained accounting records and calculated net asset values.
- Reconciled share activity according to the transfer agent’s records.
- Reconciled bank statements and prepared cash availability for portfolio managers.
- Investigated failed trades, maturities, and incorrect interest payments.
Education
Bachelor of Science - Finance
University of Maryland
College Park, MDCFA Charterholder 2021
Skills
- Financial Statements
- Investran
- Bloomberg
- MS Office Suite
- Subsequent close rebalance
- Setting up new funds per LPA
- Side pockets
- Derivatives
Timeline
Account Manager
Citco Fund Services
07.2008 - 08.2023
Hedge Fund Accountant
HSBC Bank
06.2005 - 07.2008
Mutual Fund Accountant
The Bank Of New York
08.2003 - 06.2005
Bachelor of Science - Finance
University of Maryland
CFA Charterholder 2021
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