Assistant Controller ($2B PE Fund)

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

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

Management Company Accounting & Operations

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

Tax & Audit Coordination

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

Candidate Qualifications

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

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.

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