About the Opportunity
Our client is an operationally-focused private equity firm that partners with entrepreneurs and management teams to create shared success. They are looking to hire an Assistant Controller to provide support to the Accounting Team. Key job duties include assisting with compliance and regulatory reporting and reviewing quarterly and annual financial statements, waterfall analysis, management fees, and other allocations. This is an excellent contract opportunity that offers a hybrid schedule, and we are looking to fill the role as quickly as possible.
The base pay for this position is $55 to $70 per hour. Actual compensation offered to the successful candidate may vary from posted hiring range based upon geographic location, work experience, education, and/or skill level, among other things. Details about eligibility for bonus compensation (if applicable) will be finalized at the time of offer.
Job Responsibilities
- Review quarterly and annual financial statements, waterfall analysis, management fees, and other allocations
- Manage the relationship with fund administrators and various other service providers including custodians, depository and auditors
- Establish processes and controls
- Liaise with internal and external legal and tax counsel, auditors, custodians and administrators for the creation of new funds.
- Set up a cash management process to determine reserves and available cash for distributions and coordinate with the deal teams to plan, evaluate, and execute capital calls and distributions to investors
- Lead the operational due diligence review of underlying investment funds, and coordinate with Legal, Compliance, and Risk departments to provide recommendations on terms, structure, and side letter arrangements that are incorporated in the investment committee materials
- Lead the quarterly valuation meetings and reviews during the quarterly valuation process and propose valuation adjustments where necessary
- Work with the auditors during the annual audits
- Assist with compliance and regulatory reporting – form PF/ADV
- Calculate investment and fund level performance metrics including gross and net IRRs and multiples
- Participate in investor diligence meetings for new products, review of LPAs
- Prepare and monitor fund expenses and vendor payments
- Prepare and analyze budgets, forecasts, and run rates
Job Requirements
- 5-10 years of progressive accounting experience in private equity space
- Excellent attention to detail with a sense of urgency and follow-through
- Strong ability to prioritize, multi-task and meet tight deadlines
- Proficient in Microsoft Excel and Word
