Assistant Controller - DLM Professional
Boston, MA 02108
About the Job
The Assistant Controller plays a key role in bridging the gap between the private equity portfolio managers and external parties, such as fund administrators, auditors, and tax experts. This role encompasses managing all operational facets for a variety of private equity funds within the company's investment portfolio and overseeing the fund administrators as they handle the recording and reconciliation of transactions.
Responsibilities
Responsibilities
- Daily oversight of 3rd party service providers (Fund Administration, Transfer Agency, Valuation providers, Tax providers, Audit, etc.) including the review and approval of quarterly and monthly financial statements, capital account statements, ad hoc investor reporting prepared by fund
- Assist with SEC filings and other regulatory compliance such as NPORT, NCSR, NCEN, 38a-1 reporting, 15(c) reporting
- Review management fee and carried interest calculations
- Review key performance metrics such as fund IRRs and total returns
- Monitor cash reserves and review and approve capital call and distribution allocations and notices
- Analyze underlying investment capital activity and related journal entries for accuracy of characteristics and bucketing
- Facilitate the receipt and review of incoming expenses and various expense allocations
- Perform data validation between external and internal sources
- Maintain real time tracking for financial data, management fees, and expenses
- Provide data and ad hoc reports to senior management and the investment team, as needed
- Prepare and review quarterly Adviser Reports to be presented to a Board of Directors
- Provide support to other functional groups within the firm including Investor Relations, Client Reporting, Legal and Compliance, and Corporate Accounting
- Interface directly with the external auditors and tax professionals to manage the process of completing annual audits, ASC 740 tax provisions, tax returns and the distribution of K-1s and 1099s
- Bachelor's Degree or higher in accounting or finance, CPA preferred
- 5-8 years of experience with 3-5 years of Big 4 public accounting
- experience and a focus in private equity
- Knowledge of 40 Act funds, RIC funds and general partnership accounting, financial reporting, and tax reporting
- Strong familiarity with accounting standards including, but not
- limited to, US GAAP, IFRS and Lux GAAP
- Familiarity with applications such as Chronograph, Canoe, Appian, Tableau a plus, but not required
Source : DLM Professional