VP, Fund Accounting

Job Description

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About the Company

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A leading global investment management firm is seeking a Vice President, Alternatives Fund Controller to join its expanding alternatives finance organization.

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About the Role

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The position will have primary responsibility for the accounting, financial reporting, and control environment supporting a portfolio of sophisticated private credit and alternative investment vehicles. The role will focus heavily on evergreen and open-ended fund structures, including strategies spanning private credit, real estate, specialty finance, structured investments, and other less-liquid assets. This is a highly visible opportunity for an experienced fund accounting professional to work across Finance, Investments, Operations, Tax, Legal, and Compliance while helping build infrastructure for a growing alternatives platform.

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Responsibilities

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• Take ownership of the financial oversight and accounting activities for a portfolio of complex alternative investment vehicles.
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• Review and approve NAVs, investor allocations, fee calculations, capital activity, and other key fund accounting deliverables.
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• Provide oversight of external fund administrators and ensure deliverables meet established accuracy, timeliness, and control standards.
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• Review quarterly and annual financial statements, investor reporting packages, and supporting schedules.
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• Direct the monthly and quarterly close processes and ensure reporting deadlines are consistently achieved.
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• Assess the accounting and financial reporting implications of complex investments, including private credit, real estate, structured products, and other illiquid assets.
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• Analyze customized fee arrangements and develop appropriate processes and controls to ensure accurate calculations across investors and distribution channels.
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• Monitor fund liquidity and cash activity, including subscriptions, redemptions, capital calls, distributions, and other significant cash movements.
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• Collaborate with investment professionals on transactions and new investments to determine appropriate accounting and reporting treatment.
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• Coordinate external audits, regulatory reporting, and other financial compliance activities.
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• Act as a senior finance partner to internal teams including Corporate Accounting, Treasury, Tax, Legal, Compliance, Operations, and Product teams.
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• Establish strong governance around third-party providers, including performance monitoring, issue resolution, and service-level management.
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• Identify opportunities to streamline fund finance processes, strengthen controls, mitigate operational risk, and improve scalability through technology and automation.
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• Participate in the implementation of new investment products, fund launches, structural changes, and other strategic initiatives.
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• Serve as a senior subject matter expert on fund accounting matters and provide guidance to internal stakeholders on complex issues.
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Qualifications

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• 8–15 years of relevant experience in fund accounting, audit, financial reporting, or investment management finance.
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• Strong background working with alternative investment vehicles, preferably within private credit, private markets, or other complex investment strategies.
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• Experience with evergreen, open-ended, or hybrid fund structures highly desirable.
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• Demonstrated ability to manage relationships with fund administrators and other external service providers.
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• Strong knowledge of US GAAP and investment company accounting.
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• Experience with complex investment accounting, including private credit, structured investments, real estate, or other alternative assets.
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• Experience managing audits, financial reporting cycles, and regulatory requirements.
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• Excellent analytical and organizational skills with the ability to manage multiple priorities in a fast-paced environment.
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• Strong communication skills and the ability to work effectively with senior investment, finance, and operational stakeholders.
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• Demonstrated ownership mentality and ability to independently resolve complex accounting and operational issues.
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• Interest in leveraging automation, data, and emerging technologies to improve finance processes.
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• Bachelor’s degree in Accounting, Finance, or a related discipline required.
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Required Skills

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• Relevant experience in fund accounting, audit, financial reporting, or investment management finance.
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• Background working with alternative investment vehicles.
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• Knowledge of US GAAP and investment company accounting.
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• Experience with complex investment accounting, including private credit, structured investments, real estate, or other alternative assets.
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• Analytical and organizational skills with the ability to manage multiple priorities in a fast-paced environment.
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• Strong communication skills and ability to work effectively with senior stakeholders.
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• Ownership mentality and ability to independently resolve complex accounting and operational issues.
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• Interest in leveraging automation, data, and emerging technologies to improve finance processes.
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Preferred Skills

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• CPA strongly preferred.
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• Big Four or other leading public accounting experience preferred.
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• Prior experience supporting investment funds.
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• Exposure to private credit, real estate finance, specialty finance, or other complex alternative investment strategies.
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