Fund Controller

Job Summary & Objectives

The Fund Controller is responsible for overseeing internal partner fundraising and the administration of the firm’s alternative investment funds. This role will also support Partnership Accounting by handling partner requests related to firm-related assets, assisting with financial models, and modernizing partner reporting.

This position requires an organized, detail-oriented individual with strong follow-through and persistence to track fundraising commitments, execute fund administration tasks, and optimize reporting processes. The ideal candidate is highly proficient in Excel and comfortable working in a dynamic, cross-functional team environment.

Essential Job Duties & Responsibilities

Internal Fundraising & Fund Administration

• Manage internal fundraising efforts, including drafting and circulating memos, tracking investment commitments, and ensuring timely follow-ups.
• Facilitate fund asset allocation, coordinating with fund attorneys and underlying fund sponsors.
• Oversee subscription document preparation and fund bank account setup.
• Execute and supervise fund capital calls, distributions, and investor transactions, ensuring accuracy and timeliness.
• Monitor fund bookkeeping and oversee the preparation of fund financial statements.
• Ensure all fund deadlines are met, including financial statements, audits, tax returns, and bi-annual investor reporting.
• Monitor bank accounts, prepare reconciliations, and flag cash flow issues while providing recommendations.
• Prepare investor capital account statements and oversee investor reporting.
• Engage with external auditors and provide necessary documentation and support during the audit process.
• Collaborate with tax colleagues to coordinate K-1 distribution and tax compliance for investment partnerships.
• Lead the migration of fund data to Power BI, improving fund reporting and analytics.
• Manage third-party vendors handling external fund administration.

Partnership Accounting Support

• Address partner requests regarding their firm-related assets and investment holdings.
• Develop and maintain financial models using advanced Excel functions (Xlookup, PivotTables, Sumif, etc.).
• Actively contribute to the design and implementation of a new partner reporting dashboard.
• Support other finance and accounting initiatives as needed.

Education

• Bachelor’s degree in Accounting.

Preferred

• CPA (or progress toward completion)

Skills and Experience

• 5+ years of accounting experience, with some experience in fund accounting.
• Advanced proficiency in Excel, including Xlookup, PivotTables, and Sumif.
• Experience with accounting systems and general ledger software.
• High attention to detail, ensuring accuracy and efficiency in financial reporting.
• Strong problem-solving skills, able to troubleshoot discrepancies and recommend solutions.
• Effective communication skills, capable of interacting with stakeholders at all levels.
• Proven ability to manage multiple priorities, meet deadlines, and operate in a fast-paced environment.
• Ability to work independently while also collaborating as part of a broader finance and tax team.

Preferred

• 5+ years of fund accounting experience.
• Experience with Elite 3E financial system.
• Proficiency in QuickBooks (Desktop & Online).
• Experience in macro writing for Excel.

Salary Information

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