What are the responsibilities and job description for the Fund Controller position at Private Equity?
A mid-sized alternative investment firm managing private equity and hedge fund strategies across multiple vehicles. The firm is known for its collaborative culture, institutional-quality processes, and growing AUM. We are seeking a hands-on Controller to oversee fund accounting, financial reporting, and control functions across the platform.
Role Overview
The Controller will be responsible for the day-to-day oversight of fund accounting and financial reporting for both private equity and hedge fund vehicles. This role will partner closely with operations, portfolio management, tax, auditors, and fund administrators, while also improving processes, controls, and reporting as the firm scales.
Key Responsibilities
Fund Accounting & Reporting
- Oversee accounting and close processes for PE funds, HF funds, and related SPVs
- Review NAV calculations, capital activity, P&L, and investor allocations
- Manage quarterly and annual financial statements in accordance with US GAAP
- Oversee valuation support and coordination with valuation committees
- Ensure timely and accurate investor reporting and capital account statements
Oversight of Service Providers
- Manage relationships with fund administrators, auditors, and tax advisors
- Review administrator deliverables, including NAVs, financials, and investor reports
- Coordinate audits and annual tax reporting processes
Controls & Process Improvement
- Maintain and enhance internal controls, policies, and procedures
- Drive automation and efficiency across reporting, reconciliations, and workflows
- Support system implementations or enhancements (e.g., fund accounting platforms, reporting tools)
Management & Collaboration
- Lead and mentor junior accounting staff (if applicable)
- Partner with portfolio management, investor relations, and compliance teams
- Support new fund launches, structures, and product expansion
Qualifications
- Bachelor's degree in Accounting, Finance, or related field (CPA strongly preferred)
- 7–12 years of experience in fund accounting or fund finance
- Strong experience across both private equity and hedge fund structures
- Background at an alternative investment firm, fund administrator, or public accounting (financial services)
- Deep understanding of US GAAP, NAV calculations, and fund structures
- Experience managing audits and working with third-party administrators
- Strong Excel skills; experience with fund accounting systems (e.g., Investran, Geneva, Advent, eFront) a plus