Fund Accounting Intern, NY

The Role

Schonfeld is offering a ten-week internship for talented students. You will work within the PM Compensation Accounting Team, taking part in the culture of the firm and collaborating with experienced professionals on high-profile projects.

Compensation Accountants at Schonfeld handle a broad range of responsibilities. They mainly process formulaic bonus calculations, make sure Investment professionals are paid correctly, and maintain the firm's deferred compensation program. You may help with the following projects:

• Design and develop shared resources that streamline workflows across the Accounting Sub-Groups (Compensation Accounting, Fund Accounting, Business Analytics, P&L Valuations, Management Accounting & Tax)
• Document workflows between sub-groups to identify areas for improvement and potential synergy
• Specific projects assigned by Compensation Accounting

What You'll Do

Learn the core goals and responsibilities of the wider Accounting team, including daily performance reporting, month-end payout estimate calculations, and final month-end Portfolio Manager ("PM") Statements. Working across sub-groups gives you a high-level view of the PM lifecycle and how it feeds into performance and reporting. You will also focus on granular workflows and help streamline and improve them.

Our Internship

Kick-start your finance career with the Schonfeld Summer Internship. Over ten weeks, you will build solutions to real-world challenges and make a lasting impact on the firm. You will join a close-knit team, with a dedicated manager and a mentor to guide your development during the internship and beyond.

The program also includes learning sessions with senior leaders, hands-on skills workshops, networking events, and a behind-the-scenes look at how different functions power the firm.

Who We Are

Schonfeld is a global multi-manager hedge fund focused on delivering industry-leading risk-adjusted returns for investors. It works with internal and external portfolio manager teams around the world to capture market inefficiencies and opportunities. Drawing on decades of experience, proprietary technology, infrastructure, and risk analytics, it invests across four main strategies: Quant, Tactical, Fundamental Equity, and Discretionary Macro & Fixed Income.

Our Culture

At Schonfeld, the firm invests in its people, because exceptional outcomes begin with exceptional people. Teams are empowered to keep learning, innovate, and pursue ambitious goals. The culture is collaborative and teamwork-oriented, and ideas are encouraged from all levels. The firm offers learning and educational opportunities, along with internal networks, external partnerships, and service initiatives that promote inclusion and purpose.