Fund Controller

Fund Controller – Private Equity / Credit Funds

Company Overview

Our client is a leading global alternative investment manager with a significant presence across private credit, direct lending, and other alternative investment strategies. The firm has experienced substantial growth and continues to expand its investment platform through new fund launches and investment strategies.

This is an excellent opportunity to join a highly regarded investment management organization overseeing complex investment vehicles and sophisticated fund structures. The firm offers strong long-term career potential, exposure to senior leadership, and the opportunity to play an integral role in the continued growth of its credit investment platform.

Position Overview

The Fund Controller will oversee the accounting, financial reporting, and operational activities for a portfolio of private equity and private credit investment funds.

This individual will be responsible for ensuring the accuracy and integrity of fund financials, overseeing NAV calculations, managing relationships with third-party fund administrators, and providing technical accounting expertise across complex fund structures.

The ideal candidate will have extensive experience within alternative investments, specifically private credit or credit funds, combined with strong technical accounting knowledge and leadership capabilities.

This role will work closely with senior management, investment professionals, internal finance teams, and external service providers.

Key Responsibilities

• Oversee the accounting and financial reporting functions for a portfolio of private equity and private credit investment funds.
• Manage and review monthly, quarterly, and annual fund close processes.
• Oversee NAV calculations, reconciliations, and financial reporting prepared by third-party fund administrators.
• Review and approve management fees, incentive fees, carried interest, and waterfall calculations.
• Oversee capital calls, distributions, investor allocations, and partners' capital statements.
• Manage the preparation and review of quarterly and annual GAAP financial statements.
• Oversee complex fund structures, including master-feeder arrangements, parallel funds, separately managed accounts, and special purpose vehicles.
• Ensure proper accounting treatment for private credit investments, including loan originations, repayments, interest income, PIK interest, OID, amendments, and restructurings.
• Review investment valuations and coordinate with internal valuation teams and external auditors.
• Serve as a primary point of contact for external auditors, tax advisors, fund administrators, and other service providers.
• Ensure appropriate accounting controls, policies, and procedures are maintained across the fund platform.
• Identify opportunities to improve accounting processes, reporting procedures, and operational efficiencies.
• Partner with senior leadership and cross-functional teams on new fund launches, restructurings, and special projects.
• Provide technical accounting guidance on complex transactions and investment structures.
• Mentor and oversee junior accounting professionals and contribute to the development of the broader finance organization.

Required Qualifications

• Bachelor's degree in Accounting or Finance.
• Active CPA license REQUIRED.
• 10–16+ years of progressive experience in public accounting, fund accounting, or alternative investment management.
• Significant experience working with private equity funds, private credit funds, direct lending, or other credit-focused investment vehicles.
• Strong understanding of partnership accounting and complex investment fund structures.
• Extensive knowledge of US GAAP and fund financial reporting requirements.
• Experience overseeing NAV calculations, waterfalls, management fees, capital activity, and investor reporting.
• Strong understanding of credit fund accounting, including loan accounting, interest income, PIK interest, OID, and investment valuation.
• Previous experience managing third-party fund administrators and external audit relationships.
• Demonstrated leadership experience with the ability to manage teams and oversee complex accounting operations.
• Excellent communication skills and the ability to interact with senior management and investment professionals.

Preferred Qualifications

• Big Four public accounting background.
• Experience at a private equity, private credit, or alternative investment manager.
• Previous Controller, Assistant Controller, or senior fund accounting leadership experience.
• Experience overseeing multiple fund structures and investment strategies.
• Familiarity with institutional investors, separately managed accounts, and complex fund reporting requirements.