About the Opportunity
Our client is a $2.5B AUM Private Equity Fund, located in New York City and founded in 2006. Due to exciting new initiatives, they are expanding their team and looking to add a Controller. The CFO is a top-notch mentor, searching for a right-hand partner to oversee the management company function. Their portfolio spans lower middle-market companies across consumer, retail, healthcare, and business services, focusing on scalable platforms with EBITDA ranging from $4M-$25M. Deal structures include recapitalizations, management buyouts, family successions, and divestitures.
The annual base salary range is $225,000 to $300,000. 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
- Oversee quarterly and annual financial reports, ensuring alignment with GAAP standards, especially regarding partnership accounting, intercompany transactions, and consolidations
- Collaborate with senior leadership to prepare and review annual budgets and forecasts, incorporating their input throughout the process
- Conduct cash flow analysis for both short- and long-term needs, evaluating impacts on cash management and debt obligations
- Ensure timely, accurate, and valuable financial and management reporting across all levels
- Review capital calls and distributions on a quarterly basis
- Manage invoice processing and expense reimbursements for the company and its subsidiaries, maintaining accuracy and efficiency
- Identify financial and operational improvement opportunities, collaborating with teams to uphold high-quality standards as the organization grows in size and complexity
- Review monthly general ledgers and consolidate entities, ensuring supporting schedules align with financial statements
- Prepare comprehensive monthly management reporting packages
- Coordinate with Accounts Payable to ensure accurate vendor accruals and appropriate expense allocations across entities
- Work closely with FP&A to align budgets, forecasts, and cash flow projections with the company’s financial records
- Take a lead role in implementing enhanced internal controls to ensure compliance and efficiency
- Drive operational improvements by introducing new systems and refining current processes for management company accounting
- Participate in system implementations that further the automation of general ledger processes
- Support the execution of annual audits, both internally and externally
- Assist in preparing quarterly financial reports and supplemental disclosures
- Contribute to the tax provision process and review relevant tax-related adjustments
- Oversee contribution and distribution calculations for investors in management entities and respond to ad hoc investor requests
- Manage 1099 processing and oversee year-end reporting
- Support revenue tracking, ensuring proper accounting treatment and compliance with revenue recognition policies
- Oversee integration and reconciliation between the company’s travel and expense (T&E) system and general ledger
Job Requirements
- 10-20 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
- Ability to work independently and in a team environment
- Proficient in Microsoft Excel and Word
