Summary
$9B AUM Private Equity firm based in NYC is searching for an Assistant Controller to join the team.
Company Information:
NYC based $9B AUM Private Equity Firm
- Hybrid work schedule (3 days in office, 2 days WFH)
- Fully covered medical, dental, and vision insurance
- 401k with company match
- Free breakfast and lunch in office
- Gym in building
The individual will report to the Controllers and Senior Controller and have a unique opportunity to be exposed to all aspects of the business including accounting, operations, P&L, valuations, investor relations and regulatory reporting. The Firm’s fund accounting team works closely with operations, legal, compliance, tax, technology, and marketing on a consistent basis. The individual will also have diverse product exposure to private equity structures as well as hedge funds and co-investments, fixed income investments (bonds, bank debt, MBS, trade claims), CDS, derivatives, real estate, post reorg equity and traditional private equity.
Job Description:
- Management
- Guide and train junior accountants in-house, and manage third party outsource providers
- Work with Administrators on NAV calculation and financial reporting
- Prepare and review AUM and performance of hedge fund, private equity funds, JVs and SMAs
- Review monthly or quarterly allocations, capital calls, distributions and PnL
- Review calculation of management and incentive fees with various fee terms, pref and hurdles
- Prepare and review quarterly financial statements and conduct annual audit
- Assist with tax related matters (Fin 48, interest & dividend withholding, etc.
- Valuations
- Liaise with valuation team for private equity, real estate and illiquid investments
- Prepare exhibits for valuation committee by analyzing portfolio pricing and support
- Process Management
- Assist in developing sound policies and procedures
- Contribute to new technology implementation, testing and other enhancement to existing accounting systems
- Investor Relations & Marketing
- Process subscriptions/redemptions and contributions/distributions
- Review PPM, DDQ, marketing decks, side letters, etc. to ensure proper application of fund terms
- Prepare quarterly investor deliverables and ad-hoc requests and inquiries
- Private Investment support
- Work with complicated SPV structures in multiple jurisdictions
- Review books and records of various structures to ensure accuracy
- Work with outside service providers domestically and internationally including administrators, auditors, legal counsel, asset managers, etc.
- Regulatory reporting
- Support Form PF, AIFMD, etc. and other compliance processes
Requirements / Qualifications:
- Bachelor’s degree and minimum of 8 years of work experience in fund accounting from a fund, fund admin, or public accounting firm with alternatives client exposure
- Process and detail oriented
- Strong work ethic and team player
- Able to adapt and be flexible in response to an evolving business
- CPA Preferred
