Assistant Controller

$130,000 - $145,000/Yr

NPAworldwide - Boston, MA

Full-time - Mid Level

Remote - Boston, MA

Administrative and Support Services

About the position

The Assistant Controller position is a pivotal role within a global investment management firm that specializes in a diverse array of investment products. This hybrid position requires the individual to work three days in the office and involves acting as a crucial intermediary between private equity portfolio managers and external vendors, including fund administrators, auditors, and tax professionals. The Assistant Controller will oversee all operational aspects of various private equity funds across the firm's investment platform, ensuring that the fund administrators accurately record and reconcile transactions. In this role, the Assistant Controller will be responsible for daily oversight of third-party service providers, which include Fund Administration, Transfer Agency, Valuation providers, Tax providers, and Audit services. This includes reviewing and approving quarterly and monthly financial statements, capital account statements, and ad hoc investor reporting prepared by the fund. The position also entails assisting with SEC filings and ensuring compliance with various regulatory requirements such as NPORT, NCSR, NCEN, 38a-1 reporting, and 15(c) reporting. The Assistant Controller will review management fee and carried interest calculations, monitor cash reserves, and approve capital call and distribution allocations and notices. Analyzing underlying investment capital activity and related journal entries for accuracy is also a key responsibility. The role requires maintaining real-time tracking for financial data, management fees, and expenses, as well as providing data and ad hoc reports to senior management and the investment team as needed. Additionally, the Assistant Controller will prepare and review quarterly Adviser Reports for presentation to the Board of Directors and support other functional groups within the firm, including Investor Relations, Client Reporting, Legal and Compliance, and Corporate Accounting. The position also involves direct interaction with external auditors and tax professionals to manage the annual audit process, ASC 740 tax provisions, tax returns, and the distribution of K-1s and 1099s.

Responsibilities

• Daily oversight of 3rd party service providers including Fund Administration, Transfer Agency, Valuation providers, Tax providers, and Audit services.
• Review and approve quarterly and monthly financial statements, capital account statements, and ad hoc investor reporting prepared by the fund.
• Assist with SEC filings and other regulatory compliance such as NPORT, NCSR, NCEN, 38a-1 reporting, and 15(c) reporting.
• Review management fee and carried interest calculations.
• Review key performance metrics such as fund IRRs and total returns.
• Monitor cash reserves and review and approve capital call and distribution allocations and notices.
• Analyze underlying investment capital activity and related journal entries for accuracy of characteristics and bucketing.
• Facilitate the receipt and review of incoming expenses and various expense allocations.
• Perform data validation between external and internal sources.
• Maintain real-time tracking for financial data, management fees, and expenses.
• Provide data and ad hoc reports to senior management and the investment team as needed.
• Prepare and review quarterly Adviser Reports to be presented to a Board of Directors.
• Provide support to other functional groups within the firm including Investor Relations, Client Reporting, Legal and Compliance, and Corporate Accounting.
• Interface directly with external auditors and tax professionals to manage the process of completing annual audits, ASC 740 tax provisions, tax returns, and the distribution of K-1s and 1099s.

Requirements

• Bachelor's Degree or higher in accounting or finance, CPA preferred.
• 5-8 years of experience with 3-5 years of Big 4 public accounting experience and a focus in private equity.
• Knowledge of 40 Act funds, RIC funds, and general partnership accounting, financial reporting, and tax reporting.
• Strong familiarity with accounting standards including, but not limited to, US GAAP, IFRS, and Lux GAAP.
• Familiarity with applications such as Chronograph, Canoe, Appian, Tableau a plus, but not required.

Nice-to-haves

• Familiarity with applications such as Chronograph, Canoe, Appian, Tableau.