Assistant Fund Controller

Arche USA - Los Angeles, CA

Full-time

Los Angeles, CA

Professional, Scientific, and Technical Services

About the position

The Assistant Fund Controller is responsible for the day-to-day accounting support functions for a group of complex funds, working under minimal supervision. This role involves performing accounting and reporting tasks, including the setup and accounting for multi-tier investment entities, and preparing consolidated financial statements and client reports. The position requires oversight of fund-level reporting and coordination of client equity contributions and distributions.

Responsibilities

• Perform intensive review of monthly property level reports.
• Produce fund financial statements and other required financial information, including investor funded and unfunded commitments.
• Maintain shareholder registries and prepare periodic financial statements.
• Assist with audit and tax preparation and audit review.
• Prepare investment and positions reconciliations and daily reconciliation of cash balances.
• Perform periodic asset payment, cash, and corporate action reconciliations.
• Post journal entries and money-movement transactions.
• Ensure all fund transactions are properly posted to the accounting system.
• Prepare and reconcile daily trial balances for assigned funds.
• Update and monitor daily trading, general ledger activity, and pricing of funds to ensure accuracy of daily NAV calculation.
• Prepare, analyze, and review periodic NAV calculations.
• Participate in special projects including new fund setup and fund closure.
• Prepare investor capital call/distribution notices.
• Prepare IRR and performance reporting models.
• Assist with security master and reporting setup.
• Assist in the implementation and maintenance of the accounting systems.
• Perform other duties as assigned.

Requirements

• Degree from a four-year college or university program with an emphasis in accounting, finance, or related field required.
• A minimum of five years accounting experience or equivalent combination of education and experience required.
• Prior experience in fund level accounting preferred, especially with real estate accounting or fund accounting software systems.
• Intermediate knowledge of Generally Accepted Accounting Principles (GAAP) and Financial Accounting Standards Board (FASB) regulations required.
• Intermediate analytical and quantitative skills.

Nice-to-haves

• CPA, CMA, or other relevant professional certifications are a plus.

Benefits

• Equal Opportunity Employer
• Commitment to equal employment opportunities for all individuals.