We are seeking a motivated Fund Assistant Controller to join our team. This role will involve comprehensive financial reporting, operations management, and valuations for our fund portfolio. You will work closely with deal professionals, accounting service providers, and management to ensure accurate reporting and compliance.
Key Responsibilities:
- Financial Reporting:
- Prepare quarterly and annual financial reports, including footnotes such as valuation disclosures.
- Operations Management:
- Oversee cash management, capital calls, deal funding, and distributions, including calculation and processing.
- Valuation Coordination:
- Coordinate the quarterly valuation process with deal professionals and consult with advisors.
- Perform quality reviews of analyses and documentation and prepare presentations for the valuation committee.
- Waterfall and Distribution Calculations:
- Prepare and review waterfall and distribution calculations to ensure accurate allocations.
- Performance Measurement:
- Calculate investment and fund performance metrics, including Gross and Net IRR.
- Fundraising Support:
- Assist with fundraising deliverables and review quarterly newsletters and other LP presentations, including portfolio analysis and performance metrics.
- Workflow Coordination:
- Support workflow and coordinate various deliverables among accounting service providers.
- Audit Management:
- Manage the audit process and deliverables, ensuring timely and accurate completion.
- Administrator Review:
- Review the administrator’s accounting for investment structures, including lower tier/subsidiary trial balances, capital allocations, tax blockers, AIVs, and equity method accounting.
- Tax Support:
- Support tax efforts by reviewing tax workpapers/allocations and K-1s, assisting with tax returns, and reporting to investors.
- Payables and Receivables Management:
- Manage related party payables and receivables, coordinating with the management company team for fund expenses and invoice processing.
Qualifications:
- Experience:
- 5-12 years of relevant experience, including private equity fund accounting. A combination of public accounting and private company experience is preferred.
- Education:
- Bachelor’s degree in Accounting, Finance, or a related field.
- Technical Skills:
- Strong understanding of fund accounting principles, financial reporting, and valuation methodologies.