The Fund Controller will be responsible for overseeing the financial operations, vendor management, accounting, and reporting for the firm's private investment platform, which includes both open-end and closed-end private investment strategies, within multi-series investment partnerships. This role will manage accounting processes, manage external service providers and vendors, file organization and structuring, financial reporting, and work closely with internal teams and external service providers to maintain seamless financial operations.
Key Responsibilities:
Lead and oversee the work of third-party administrators and internal accounting staff.
Manage monthly, quarterly, and annual financial close processes, ensuring accuracy and timeliness.
Oversee the annual fund audit and collaborate with external tax accountants to prepare federal and state tax filings.
Supervise day-to-day accounting tasks, including wire reconciliations, valuations, fee calculations, and investor allocations.
Monitor and reconcile fund activities such as capital calls, distributions, and subscriptions for limited partners and investment fund managers.
Ensure accurate reflection of portfolio performance in financial reports and review all investment activities.
Prepare and assist with the production of investor reports, including quarterly reports, capital account statements, and performance analyses.
Manage investor queries, providing transparency into fund operations, fees, and performance metrics.
Ensure compliance with regulatory requirements (e.g., SEC) and stay current on regulatory changes.
Implement internal controls and risk management processes to safeguard fund assets.
Monitor cash balances, manage liquidity, and ensure sufficient funds are available for investments and operational needs.
Assist with financial planning and analysis (FP&A), including modeling, budgeting, and pro-forma analyses, and provide detailed Excel-based financial models.
Utilize financial technology tools to streamline processes and improve efficiency.
Additional Responsibilities:
NAV Review & Pre-Approvals: Establish a schedule for NAV review and approvals, ensuring accurate pre-approvals before final review.
Integration with Key Partners and Service Providers: Collaborate with the investment research and accounting partners/service providers at the firm as well as our internal team on all operational & accounting workstreams / functions.
Subscription and Investor Onboarding Support: Assist with the onboarding process for new investors, including subscription documentation.
Vendor and Counterparty Management: Handle custodianship, accounting, and audit support processes.
Expense Management: Manage monthly expense accrual schedules, ensuring updates and adjustments based on fund activities.
Open-End Fund Reporting: Build and maintain historical allocation and performance models for open-end funds, updated monthly.
Closed-End Fund Reporting & Processes: Manage reporting for closed-end funds, including weekly transaction reports, capital calls, and distributions.
File Organization: Ensure proper organization of all reports, investor documents, and marketing materials within the firm's document management systems.
Qualifications:
Bachelor's degree in Accounting, Finance, or a related field (CPA, CFA, or MBA preferred).
5+ years of experience in accounting or finance, ideally within private equity, hedge funds, or alternative investments.
Strong knowledge of fund structures, GAAP, and experience with partnership accounting software.
Exceptional proficiency in Microsoft Excel and experience with financial modeling and FP&A.
Strong organizational, interpersonal, and communication skills, with the ability to manage multiple priorities and meet deadlines.
Detail-oriented with a strategic mindset and the ability to contribute to business growth.