Client: Private Equity Firm Role: Assistant Controller Salary: $160,000 - $170,000/annually
Location: Midtown, Manhattan - *5 days a week onsite*
Responsibilities
Fund Accounting & Administration
- Administrator Oversight: Serve as the primary liaison between the CFO and the third-party fund administrator to oversee accounting, reporting, and deliverable accuracy across funds, SPVs, and co-investment vehicles.
- Capital & Fee Management: Review and validate capital calls, distributions, management fee calculations, expense allocations, and investor-level capital accounts.
- LPA & Transaction Analysis: Interpret LPAs and transaction documents to ensure proper accounting treatment, fee mechanics, and deal flow/fund flow alignment.
- Valuation & Audit Support: Partner with the investment team on portfolio valuations and coordinate the quarterly/annual audit process and financial reporting.
- Investor & Fundraising Support: Assist with investor due diligence requests, DDQs, and specialized reporting during active fundraising cycles.
Management Company Operations & In-Housing
- In-Housing Transition: Drive the transition of management company accounting from the external administrator to an in-house function.
- General Ledger & Month-End Close: Take full ownership of day-to-day accounting, cash reconciliations, prepaid expenses, accruals, and month-end/year-end closes.
- Financial Planning & Controls: Manage cash forecasting, budgeting, and intercompany expense allocations while partnering with the CFO to scale internal controls and accounting infrastructure.
- Ad Hoc Analytics: Lead special projects, financial modeling, and operational analyses for senior leadership.
Tax & Compliance
- Tax Preparation & K-1s: Collaborate with external tax advisors on partnership tax returns, K-1 generation, and supporting allocation schedules.
- Audit & Regulatory Compliance: Compile schedules and documentation for annual audits, regulatory filings, and external advisor inquiries.
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