Fund Controller

Fund Controller Overview

• The Fund Controller role offers a unique opportunity to lead fund accounting and financial operations within a dynamic investment management environment.
• Collaborate with a Senior Fund Accountant to establish and enhance internal review functions for fund accounting processes.
• Oversee technical accounting positions and ensure compliance with US GAAP, ASC 946, and ASC 820 standards.
• Manage relationships with external auditors and third-party administrators, ensuring high-quality deliverables and service standards.
• Lead treasury oversight, including cash forecasting, subscription facilities, and credit facility management.
• Develop and supervise fund accounting staff, fostering professional growth and process improvement initiatives.
• Contribute to governance and internal controls over fund accounting, wire release, and expense approval processes.
• Work in a hybrid environment, combining remote flexibility with on-site collaboration.

Fund Controller Key Responsibilities & Duties

• Review administrator-prepared workpapers, financial statements, and management fee calculations for accuracy and compliance.
• Approve capital calls, distributions, and investor notices, ensuring consistency with governing documents.
• Own accounting treatment for complex transactions and maintain consistency across funds and reporting periods.
• Validate distribution waterfalls, carried interest accruals, and management fee calculations.
• Oversee treasury functions, including cash reconciliations, liquidity management, and bank relationships.
• Manage external audit relationships, ensuring timely resolution of adjustments and coordination of deliverables.
• Supervise fund accounting staff and lead system implementation and process improvement initiatives.
• Ensure compliance with tax reporting requirements and coordinate partner-level allocation data.

Fund Controller Job Requirements

• Bachelor of Science (BS) in Accounting, Finance, or a related field.
• 10+ years of progressive accounting experience, including fund accounting management roles.
• Expertise in US GAAP, ASC 946, and ASC 820 standards for investment accounting.
• Proven experience managing audits and resolving accounting adjustments.
• Advanced Excel skills and familiarity with fund accounting systems like Sage or QuickBooks.
• Strong knowledge of LPAs, side letters, and fund economic terms.
• Demonstrated ability to oversee third-party administrators and ensure quality deliverables.
• Comfortable leveraging AI platforms to enhance efficiency in accounting processes.