Assistant Controller

A Private Equity Firm based in New York City is seeking an experienced accounting professional to join their team as Assistant Controller.

Responsibilities

• Lead and supervise both onshore and offshore accounting teams, fostering a collaborative environment and providing opportunities for professional growth and development.
• Identify and recommend process and reporting improvements; collaborate with senior leadership and technology teams and assist in validating system enhancements or reporting changes.
• Monitor fund investments and analyze performance, partnering with investment and origination teams to address complex inquiries and provide financial insight.
• Review and approve quarterly financial statements, compliance reports, and investor reporting for assigned funds, ensuring adherence to fund governing documents, GAAP, credit facility requirements, and SEC regulations.
• Support the Controller in evaluating and implementing accounting decisions related to new or proposed accounting guidance.
• Manage fund liquidity to support optimal IRR outcomes for limited partners, including monitoring deal pipelines and availability under fund credit facilities.
• Review and provide input on fund legal documentation, including PPMs, LPAs, and investor letters; develop and maintain models for waterfalls, management fees, carried interest, and other fund-specific calculations.
• Oversee the preparation and review of capital call and distribution notices, credit line draw and repayment notices, partner capital statements, and quarterly investor communications; coordinate with the Investor Services team and respond to investor inquiries as needed.
• Collaborate with the valuation team to review quarterly investment valuations and ensure changes are appropriately supported and documented.
• Perform other duties, as needed

Qualifications

• Bachelor’s or graduate degree in Accounting required; CPA strongly preferred.
• 8–15 years of experience in alternative investments within private industry or public accounting.
• Strong understanding of investment company financial reporting, fund accounting, and credit instruments.
• Experience with distressed debt, credit instruments, foreign investments, or originated loans preferred.
• Familiarity with Investran, Virtual Portfolio Manager (VPM), or similar portfolio accounting systems is a plus.
• Proven leadership and people management skills, with the ability to mentor and develop both onshore and offshore teams.
• Strong organizational and planning abilities, with the capacity to manage multiple priorities and adapt to changing workloads.
• Highly analytical and detail-oriented, with strong critical thinking and problem-solving capabilities.
• Ability to interpret complex legal documents, deal structures, and financial transactions.