Senior Manager - Fund Controller

Job description

Role summary:

The Senior Manager – Fund Controller will work as part of a team-servicing clients, will have direct communication, and will work towards becoming an extension to the client’s finance organization.

Key responsibilities:

Fund and Investor Accounting:
  • Prepare work paper files including investment activity, management fee calculations, IRR calculation, unrealized/realized waterfall calculations, etc.
  • Review fund reimbursable expenses;
  • Prepare capital call and distribution calculations, sources/uses of cash, allocations, and investor notices;
  • Prepare fund financial statements with footnotes and supporting schedules;
  • Prepare partner allocations and capital account statements;
  • Understand/review of LPAs, purchase/sales agreement, side letters, etc.;
  • Coordinate and support the audit for both SSAE 16 audit and fund audit;
  • Support the tax team with information to prepare tax compliance/reports;
  • Assist with other regulatory reporting;
  • Responsible for investor and partner queries (i.e. audit confirmation, investor cash flow, IRR analysis, etc.).

Cash forecasting and budgeting:

  • Responsible for bank and brokerage reconciliations;
  • Assist with Ad hoc financial analysis for client;
  • Assist with credit facility drawdowns for the fund;
  • Coordinate with investor services team.
Portfolio Accounting:
  • Track portfolio company transactions (purchases, income, liquidity);
  • Understand complex investment structures (hold co's blockers, tax withholding, etc.);
  • Calculate investment IRR;
  • Accounting for holding companies and blocker entities.


Skills / experience required:

  • 8-11 years of professional experience (A mix of private and audit preferred);
  • Minimum 3-6 years of direct Private Equity experience (Hedge Funds do not count as relevant experience);
  • CPA Preferred;
  • Strong Fund and Partner accounting knowledge;
  • Credit funds exposure;
  • Portfolio accounting, complex investment structures preferred;
  • Supervisory experience;
  • Strong written and verbal communication skills;
  • Highly motivated with ability to multitask.

Special Skills:

  • Experience in fund accounting with a focus on private equity experience;
  • Knowledge with LPA or other governing documents;
  • Experience with waterfall calculations;
  • Basic knowledge of Level 3 valuation methodologies;
  • Experience with audit process, including internal control and test of details;
  • Knowledge of US GAAP with an emphasis on investment partnerships.

Our Services Focus On:

  • Fund accounting and financial reporting - Offering exceptional technical accounting and reporting capabilities tailored to the specific needs of structures and clients;
  • Governance, management and control - Ensuring statutory duties and governance are undertaken with appropriate diligence;
  • Administration of Private Equity structures - Delivering a responsive, client focused administration service.