Assistant Controller ($2B PE Fund)

Job Description

Assistant Controller:

- $2B AUM PE Firm -- Investing in Tech/Software

- $160,000 -170,000 + Bonus

- One of those special roles that don't come around too often. The CFO is handling all accounting and is looking for his Right Hand. They are growing rapidly, raising new Funds, and have started looking into building their Acct/Fin Dept. You will be a foundational Pillar for this Firm.

- They utilize an Admin for both Fund and Mgmt Co. accounting. They are looking to bring the Mgmt Co. side in-house.

- Overall this is an opportunity to come in, work on all things accounting at a growing PE Fund that specializes in the Tech sector. Growth path to Controller as well.

Fund Overview

Our client is an established, technology-focused private equity firm based in New York City specializing in middle-market investments across North America and Europe. The firm targets high-growth business-to-business software and tech-enabled services platforms benefiting from key sector tailwinds and structural market shifts. Investing across control buyout and growth equity structures, the firm collaborates closely with executive teams to drive long-term value creation through operational improvements, organic growth initiatives, and targeted add-on acquisitions.

Experiencing strong organizational growth, the firm is hiring its first dedicated internal accounting professional—a high-visibility opportunity to work directly alongside the Chief Financial Officer and shape the firm's core finance and accounting infrastructure.

Position Summary

The Assistant Controller will serve as the firm’s first in-house accounting team member, taking direct ownership of day-to-day accounting and financial reporting operations across both management company entities and private investment funds. Acting as the critical liaison between the CFO and the external fund administrator, this individual will oversee vendor deliverables, manage general ledger operations, and establish internal controls.

Key Responsibilities

Fund Accounting & Administration Oversight

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• Serve as the primary internal contact and quality-control layer between the CFO and external fund administration partners.
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• Review and verify fund-level financial activity, including capital calls, LP distributions, management fee calculations, expense allocations, and partner capital statements.
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• Analyze Limited Partnership Agreements (LPAs) and governance documents to ensure proper accounting treatment for fund fees, waterfall structures, and income allocations.
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• Assist with fund-level and deal-level accounting matters across main funds, co-investment vehicles, and special purpose vehicles (SPVs).
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• Support annual fund audit processes, quarterly investor reporting, and portfolio company valuation workflows alongside the investment team.
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• Coordinate fund flow analysis for deal closings, reviewing transaction documentation for proper accounting, tax, and allocation treatment.
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• Assist with investor communications, fundraising reporting schedules, and LP due diligence requests.
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Management Company Accounting & Operations

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• Manage day-to-day accounting operations for the management company and related holding entities.
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• Lead the operational transition of management company accounting from third-party administrators to an in-house function.
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• Oversee general ledger maintenance, bank reconciliations, prepaid/accrual tracking, and month-end/year-end close processes.
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• Manage cash management workflows, expense forecasting, operating budget analyses, and intercompany expense recharges.
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• Design, implement, and enhance financial policies, reporting tools, and internal control frameworks to support firm scaling.
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• Execute ad hoc financial analyses and special operational projects as requested by executive leadership.
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Tax & Audit Coordination

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• Collaborate with external CPA firms and tax advisors on annual audits and fund/entity tax return preparations.
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• Assist with partnership tax compliance workflows, supporting allocation schedules, and Schedule K-1 production.
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• Prepare supporting schedules for regulatory filings, compliance reporting, and tax disclosures.
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Candidate Qualifications

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• Education: Bachelor’s degree in Accounting, Finance, or a related discipline.
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• Experience: 6+ years of progressive accounting experience within private equity, venture capital, fund administration, or public accounting (serving alternative asset management clients).
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• Dual Expertise: Proven background covering both management company accounting and private investment fund structures.
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• Technical Skills: Strong technical proficiency in GAAP accounting, financial statement preparation, partnership allocations, waterfall distributions, and fund expense rules.
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• Vendor Management: Demonstrated experience reviewing and overseeing deliverables from third-party fund administrators.
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• Systems: Advanced Excel skills and familiarity with modern accounting software and fund administration portals.
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• Credentials: CPA designation or progress toward CPA is preferred.
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Position Highlights:

Foundational Role: Serve as the inaugural accounting professional, taking direct ownership of the internal finance ecosystem.

Executive Access: High-visibility position working side-by-side with the CFO and senior leadership.

Comprehensive Scope: Dual exposure across both fund and corporate management company accounting.

Trajectory: Clear path for career progression into a broader finance leadership role as the platform brings additional funds to market.

By submitting to this position, you are agreeing to be included in our talent pool for future hiring for similarly qualified positions.

Equal Opportunity Notice

Highspring LLC (d/b/a Vaco by Highspring) and its parents, affiliates, and subsidiaries ("we," "our," or "Vaco by Highspring") are committed to the full inclusion of all qualified individuals and does not discriminate against any employee or applicant for employment because of race (including but not limited to traits historically associated with race such as hair texture and hair style), color, sex (includes pregnancy or related conditions), religion or creed, national origin, citizenship, age, disability, status as a veteran, union membership, ethnicity, gender, gender identity, gender expression, sexual orientation, marital status, political affiliation, or any other protected characteristics as required by applicable law. The company is also committed to ensuring that persons who need them are provided with reasonable accommodations; if an accommodation is needed to participate in the job application or interview process, please contact View email address on ziprecruiter.com .

Vaco by Highspring also wants all applicants to know their rights that workplace discrimination is illegal .

Representation Notice

By submitting to this position, you agree that you will be giving Vaco by Highspring the exclusive right to present your as a candidate for the foregoing employment opportunity. Additionally, you agree to be included in our talent pool for future hiring for similarly qualified positions. You further agree that you have represented information about yourself accurately and have not affirmatively misrepresented your qualifications. Lastly, you agree to maintain as confidential, to the fullest extent permitted by law, any information you learn from Vaco by Highspring about the position and you will limit disclosure of information about the position only to the extent necessary to perform any obligations in furtherance of your application. In exchange, Vaco by Highspring agrees to exercise reasonable efforts to represent you through all solicitation, job screening and resume dispersal.

For residents of Ontario, Canada only: to the extent the position for employment is not with Highspring or not otherwise noted as vacant above, candidate should be informed that this role is to replace a presently employed person at Vaco by Highspring's client.

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Vaco by Highspring respects your privacy and are committed to providing transparent notice of our policies.

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• California residents may access Vaco by Highspring HR Notice at Collection for California Applicants and Employees here .
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Additionally, submissions to this position are subject to the use of AI to perform preliminary candidate screenings, focused on ensuring minimum job requirements noted in the position are satisfied. More details about Vaco by Highspring's use of AI can be found here (-use-notices/). Further assessment of candidates beyond this initial phase will be conducted by recruiters and hiring managers. Vaco by Highspring does not know and cannot opine on if its client's use of AI products in hiring.

Pay Transparency Notice

Determining compensation for this role (and others) at Vaco by Highspring depends upon a wide array of factors including but not limited to:

· the individual's skill sets, experience and training;

· licensure and certification requirements;

· office location and other geographic considerations; and

· other business and organizational needs.

With that said, as required by local law, Vaco by Highspring believes that the following salary range referenced above reasonably estimates the base compensation for an individual hired into this position in geographies that require salary range disclosure. The individual may also be eligible for discretionary bonuses and/or participation in medical, dental, and vision benefits as well as the company's retirement plan (or similar retirement benefits).