Fund Controller

This position is ideal for someone currently working at a fund administrator who is ready to transition to the GP side. The successful candidate will have developed strong technical fund accounting skills while servicing sophisticated private equity clients and is looking for greater ownership, broader exposure to the investment lifecycle, and closer interaction with investment professionals and firm leadership.

My client is seeking a Private Equity Fund Controller to join a growing investment firm and oversee the accounting, financial reporting, and operational activities across multiple private equity funds. This is an excellent opportunity for a high-performing professional currently working at a fund administrator who is looking to transition in‑house and become a strategic business partner to the investment team.

The Fund Controller will be responsible for managing the quarterly reporting process, overseeing fund operations, coordinating with external service providers, and ensuring the accuracy of financial reporting for complex private equity structures.

• Manage the quarterly and annual close process for multiple private equity funds, including flagship funds, co‑investments, SPVs, and GP entities.
• Review and oversee NAV packages, capital account statements, financial statements, and investor reporting prepared by third‑party fund administrators.
• Serve as the primary liaison with fund administrators to ensure timely and accurate reporting.
• Review capital call and distribution calculations, waterfall allocations, management fee calculations, and carried interest allocations.
• Coordinate quarterly valuations with the investment team and ensure valuation support is appropriately reflected in financial reporting.
• Review partnership financial statements prepared under U.S. GAAP.
• Coordinate annual audits and serve as the primary contact with external auditors.
• Oversee cash management, capital activity, and fund liquidity.
• Review and reconcile complex investment transactions, including acquisitions, exits, financing activity, and portfolio company distributions.
• Support new fund launches, fund restructurings, and investor closings.
• Assist with responses to investor due diligence requests and ad hoc reporting.
• Recommend and implement process improvements to enhance efficiency, internal controls, and reporting accuracy.
• Partner with Legal, Investor Relations, Tax, Compliance, and the investment professionals on fund‑related matters.

• Bachelor's degree in Accounting or Finance.
• CPA preferred.
• 10-20 years of experience in private equity fund accounting.
• Current experience at a fund administrator servicing private equity clients or prior in‑house private equity fund experience.
• Strong understanding of private equity fund structures, partnership accounting, and capital activity.
• Experience reviewing:
• Capital calls and distributions
• Waterfall calculations
• Carried interest allocations
• Investor allocations
• Knowledge of U.S. GAAP and investment company accounting.
• Experience working with external auditors and tax advisors.