Senior Fund Controller Private Markets

About us:

Ninety One is an independent, active global asset manager with 3.9 trillion
* of assets under management.

Established in South Africa in 1991, as Investec Asset Management, the firm started offering domestic investments in an emerging market. In 2020, almost three decades of organic growth later, the firm demerged from Investec Group and became Ninety One.

Our distinctive capabilities sit within differentiated fixed income and credit as well as specialist equities, and we have a unique perspective and approach to investment opportunities presented by emerging markets and the energy transition.

* as at 31 March 2026

Ninety One is an equal opportunities employer. Our imperative is to attract and retain the best talent by providing a corporate environment where people from varying backgrounds can develop professionally and build a rewarding career.

The Private Markets Operations team provides operational oversight, fund control and reporting infrastructure for Ninety One's private markets platform, covering private credit, infrastructure, CLOs and structured debt funds. The team manages third-party fund administrators, holds them accountable against agreed deliverables, and owns the review and sign-off process for fund reporting.

This is a growing team which, embedded within a global private markets platform, spans direct lending, asset-based finance and related credit strategies. The team works closely with investment, legal, risk, treasury and product functions.

Alongside core oversight, the team has a mandate to reduce manual effort across reporting workflows by identifying friction points, redesigning processes, and improving automation, data quality and controls.

This position has been created to support the growth and increasing complexity of Ninety One's structured finance and credit product ranges, including blended finance, direct lending and securitisation structures.

You will manage day-to-day oversight of private markets funds, own the end-to-end quarterly and annual reporting cycle, and lead specific workflow improvement initiatives from issue identification through to implementation.

This is a role for someone who enjoys ownership, complexity and building better ways of working. The operating model is still evolving, giving you the opportunity to shape processes, strengthen controls, improve reporting workflows and build trusted relationships across the platform.

For the right person, the role offers the potential to grow into a broader leadership position within Private Markets Operations. It requires genuine ownership, judgement and follow-through rather than execution of instructions.

Fund oversight and operations

• Oversee complex fund structures, including capital calls, drawdowns, distributions and cash movements across fund and note-issuing vehicles, with accurate application of distribution waterfalls and legal documentation.
• Monitor investor commitments, capital balances, liquidity levels and minimum reserve requirements across the fund range.
• Review income, expense and hedging cash flows, including interest calculations, fees, principal repayments and counter party payments.
• Liaise with counter parties and facility agents on the calculation, allocation, invoicing and receipt of interest, fees and capital payments on private debt instruments.
• Work across investment, treasury and legal teams to ensure accurate and timely disbursement of funds to loan counter parties.

Financial reporting and governance

• Prepare and review financial information for both internal stakeholders as well as our investors.
• Review, challenge and sign off quarterly NAV packs, financial statements and supporting schedules prepared by third-party administrators.
• Ensure complex capital structures, valuation methodologies, income recognition and provisioning are accurately reflected across fund vehicles.
• Partner with investment, product, risk and legal teams on fund governance, operations and new product initiatives.
• Build trusted relationships with administrators, trustees, auditors, ratings agencies and investors.

Process, control and change

• Lead the identification and implementation of workflow automation and tool integration across the fund accounting operating model, with clear outcomes and measurable benefits.
• Build and maintain operational frameworks, including reporting calendars, escalation protocols, administrator oversight checklists and NAV cycle control documents.
• Manage deadlines and dependencies across fund reporting cycles, identifying and resolving issues before they escalated.
• Communicate progress, risks and issues clearly to the Head of Finance and Treasury without needing to be chased, including when acting as deputy.

• Recognised qualification: CA(SA), ACA, ACCA, CPA or equivalent technical foundation.
• Relevant experience: meaningful experience in fund accounting, fund control, investment operations, finance, audit, financial reporting or…