Assistant Controller - Private Equity

New York, NY

Job Description

  • Financial and control operations of the BDC, including financial reporting, planning and analysis, financial statements and accounting, internal controls, and budgeting.
  • Responsible for interaction with, and reporting to, the BDC Board and CFO
  • Oversee and manage US Banking Corp, the third-party sub-administrator, financial reporting and accounting teams. Including managing all financial reporting processes performed by the sub-administrator (e.g. 10-Qs, 10-Ks, and 8-Ks).
  • Continuously monitor asset and liability needs, including ensuring the company is in compliance with all regulatory requirements.
  • Focus on systems development to ensure efficient accounting and financial reporting, building a platform for the existing BDC and future additional BDCs.
  • Support the Head of Fund Administration, Credit to streamline and improve our overall process as part of the larger the firm's Credit Platform.
  • Stay up to date on current and pending changes to accounting guidance and financial reporting requirements.
  • Oversee external audit functions. Ensure that effective internal controls are in place and reporting is in compliance with regulatory laws and rules for financial and tax reporting.
  • Own the overall technical accounting application to transactions and structured deals
  • Responsible for the compilation and filing of regulatory compliant and GAAP/IFRS compliance reports
  • Review and maintain the books and records prepared by the fund administrator
  • Prepare / review month-end NAV from fund administrator which includes cash and interest reconciliations, expense accruals, holdings, etc.
  • Prepare monthly P&L analytics.
  • Generate and distribute ad hoc reporting to relevant parties such as senior management, deal teams, and investors
  • Provide fund performance analysis and assist with business modeling
  • Calculate and analyze investor IRRs and fund returns
  • Assist in preparation and review of audited/unaudited financial statements and regulatory reporting, such as Form PF and Form ADV
  • Shadow management and incentive fees to fund administrator's records.
  • Review and understand credit documents
  • Work with internal and external auditors
  • Assist in the setup and launch of new Funds and financial products
  • Liaise with the deal team on new and existing investments for valuation and financial reporting
  • Liaise with the operations team on fund transactions and activities
  • Assist in preparing and analyzing pricing and valuation materials
  • Maintain fund expense budgets and allocations; track expenses and coordinate updates with fund administrator
  • Evaluate current financial and accounting processes, propose and implement improvements


  • 4-8 years of experience
  • Accounting experience in REIT, mutual fund, BDC

Private Equity


$125,000 - $150,000

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