Job Description

Job Description

Job Description

Position: Managing Director, Fund Controller

Location: Cleveland, OH (onsite 4 days)

Duration: Full time, W2

Description:

The Fund Controller will be responsible for overseeing the financial operations and reporting of our client’s evergreen and closed end private investment funds. This includes managing the accounting and financial reporting functions, ensuring compliance with regulatory requirements, and working closely with the other departments to provide updates on the accounting process. The ideal candidate will have strong accounting skills, familiarity with fund structures, and experience working within private equity or hedge funds.

Responsibilities :

• Provide guidance, direction and oversight for the Fund Accounting department
• Manage monthly, quarterly, and annual closing processes with the fund’s third-party administrators
• Oversee the annual fund audit and assist third party tax accountants in the preparation of various federal and state tax filings
• Supervise day-to-day accounting operations of the funds, including wire reconciliation,
• valuations, fee calculations, and investor allocations
• Monitor and reconcile fund activity including capital calls, distributions/redemptions and
• subscriptions for limited partners and underlying investment fund managers
• Review portfolio performance, ensuring all investment activities are accurately reflected in the financial reports
• Assist with preparing investor reports, including quarterly reports, capital account statements, and performance analyses and ad hoc requests
• Manage investor queries and provide transparency into fund operations, fees, and performance metrics
• Ensure compliance with relevant regulatory bodies (e.g., SEC, FINRA, IRS, CIMA)
• Implement internal controls and risk management processes to safeguard fund assets
• Stay current with regulatory changes and ensure the fund is in compliance with all applicable laws
• Monitor cash balances, manage liquidity, and ensure sufficient funds are available for investments and operations including lines of credit
• Identify opportunities to improve accounting and reporting systems, ensuring they align with the growth and complexity of the funds
• Leverage financial technology tools to automate processes and improve efficiency

Requirements :

• Detail oriented with the ability to manage multiple priorities and meet deadlines
• Strong interpersonal, professional and organizational skills
• Exceptional written and verbal communication skills
• Strategic planning, scheduling, and time-management skills
• Demonstrate desire to become involved and work with the team to help the business grow
• Bachelor’s degree in Accounting, Finance or a related field.
• 10+ years of experience in accounting or finance, with a focus on private equity, hedge funds, fund of funds, or other alternative investments is a plus
• Strong knowledge of investment fund structures and GAAP

Preferred Skills:

• CPA, CFA, or MBA
• funds, fund of funds, or other alternative investments
• Experience with partnership accounting software

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