Fund Controller


Division

Accounting/Finance

Location

New York, New York

Employment Type

Permanent



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A growing alternative investments firm is looking to hire a Private Funds Controller.

Job Description:


Compensation : $175000 - $190000
Job ID : 12800

 

  • Review full-cycle accounting of assigned portfolio of fund(s), co-investments, investments including preparation and analysis of the financial statements, and general ledgers
  • Work to prepare and aggregate fund and investment cash flow projections and analysis
  • Prepare, review and present internal financial reporting and analysis
  • Assist the appraisal team regarding the investment level appraisals
  • Prepare and/or review waterfall calculations
  • Write up summaries and notices as needed for funds, co-investments, and joint ventures
  • Work with internal and external parties to ensure the accuracy of the data gathered and the accuracy of the output from that data
  • Sign off on bank account reconciliations
  • Review capital calls for fund investors
  • Manage cash balances
  • Recommend cash distribution to investors
  • Review financial statements for commingles funds
  • Review joint venture statements
  • Review individual investor financial statements
  • Prepare fund accounting investor reports

Job Requirements:


 

  • College undergraduate degree in accounting, finance, or business
  • 6-10+ years’ experience from a public accounting firm, alternative investment firm, and/or fund administrator
  • 5+ years’ experience with private funds accounting and operations
  • Knowledge of partnership accounting, closed-end fund structures (closes, capital calls, distributions), PE and hedge fund fee structures (management fees, carried interest, clawback), and private portfolio company investment transactions
  • Experience in other private asset classes (credit, real estate, infrastructure) is strongly favored though not required
  • Advanced Excel skills

Disclosure:  The hourly rates and/or salaries listed may or may not reflect total compensation packages including bonus and fringe benefits, etc., nor are the advertisement(s) posted a guarantee of a certain compensation package for a position or bona fide offer of employment.  All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against on the basis of disability.

 

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