Senior Fund Controller, Fund Operations

ROYC; Greater London; Sur place; GBP 90 000 - 130 000; Plein temps

Résumé du poste

ROYC is seeking a Senior Fund Controller to own fund accounting, NAV review, and reporting for its private market mandates in London. You will partner with the Head of Fund Operations, coordinate with external administrators, and drive accurate investor reporting and compliance across LPA and regulatory requirements.

The role involves overseeing capital calls and distributions, validating fee calculations, and supporting valuation cycles while leading a junior team to ensure timely closes and

Qualifications

• Qualified accountant with 5+ years in fund accounting.
• Experience with private markets funds (PE/VC) advantageous.
• Strong knowledge of NAV, distributions, and fund reporting.
• Ability to lead a small team and coordinate with external auditors.

Responsabilités

• Own fund accounting, NAV review, and reporting across private market mandates.
• Coordinate with fund administrators, auditors, and external service providers.
• Oversee capital calls, distributions, and waterfall calculations.
• Prepare investor reporting and quarterly/annual financial statements.
• Lead process improvements and support technology enhancements.

Connaissances

Fund accounting

NAV calculations

Regulatory reporting

IFRS / Lux GAAP

Audit coordination

Cash & liquidity management

Performance reporting

Team leadership

Stakeholder management

Formation

Qualified accountant (ACA, ACCA, CIMA)

Outils

Fund administration software

Excel

Description du poste

About ROYC

ROYC is a digital investment platform, connecting wealth managers, family offices and financial advisors with the best investment opportunities in private markets. At ROYC, we are committed to an inclusive and dynamic work environment, where you will have the opportunity to collaborate with a talented team of professionals who are pushing the boundaries of the wealth‑tech industry. Our flat decision‑making structure and high‑ambition approach ensure that you will have the freedom and support to bring your ideas to life and make a tangible impact on our platform. Our team is composed of a diverse and international group of individuals who bring creativity, energy and excellence to every situation.

Role Purpose

The Senior Fund Controller will work closely with the Head of Fund Operations, taking ownership of the fund accounting, control and reporting activities across ROYC’s private market mandates. The role will also provide business partnering to the ROYC investment team, structuring team, distribution team and investor relations team. This includes liaison with third parties as required (external administrators, lawyers, auditors etc). A range of ad‑hoc activities will also be carried out as required.

Role Description

• Support Fund Operations & Processes: Work alongside the Head of Fund Operations as a key partner in designing and implementing fund operational models, structures, and systems for closed end and evergreen private market funds.

NAV & Fund Accounting Review

Review quarterly NAV packs prepared by the fund administrators, including trial balances, general ledger postings, accruals, FX and portfolio valuations, ensuring accuracy and consistency with the fund documentation (LPA / offering documents) and ROYC’s shadow records.

Capital Calls & Distributions

Review capital call and distribution notices and investor allocations, including equalisation and interest on subsequent closings, and validate distribution waterfall calculations (return of capital, preferred return, GP catch‑up and carried interest).

Management Fees, Carried Interest & Expenses

Validate management fee calculations, carried interest accruals, and the allocation of organisational and operating expenses in line with fund documents and expense caps.

Investor Capital Accounts

Oversee investor capital account statements and partners’ capital roll‑forwards, and review quarterly investor reporting, including performance metrics (IRR, TVPI, DPI, RVPI) and ILPA‑style fee and expense reporting.

Valuations

Support the quarterly valuation cycle, reviewing portfolio valuations for consistency with the IPEV Guidelines and the AIFM’s valuation policy, and liaising with the investment team and AIFM on supporting evidence.

Shadow Accounting & Reconciliations

Maintain and develop ROYC’s shadow accounting and reconciliation framework, including NAV‑to‑shadow, cash and bank, and investor commitment reconciliations, and document the key controls underpinning each process.

Cash & Liquidity Management

Monitor fund cash positions and bank accounts, review payment instructions, and track drawdowns and repayments under subscription or credit facilities, including covenant and borrowing‑base reporting.

Regulatory & Reporting Familiarity

Maintain working knowledge of AIFM regulations, regulatory reporting workflows, and operational processes across alternative asset funds. Provide the accounting inputs to regulatory and tax reporting, including AIFMD Annex IV, CSSF/BCL statistical returns and FATCA/CRS.

Third‑Party Service Provider Coordination

Act as a primary contact for third‑party fund administrators and other providers. Review and reconcile fund reporting with ROYC’s internal data, raising issues where needed.

Financial Statements & Audit

Lead the review of the funds’ annual audited financial statements (Lux GAAP / IFRS) and investor statements, working with fund administrators and auditors to ensure accuracy and timely delivery. Coordinate the year‑end audit process, including PBC requests, audit queries and management representation letters.

Oversight of Administrators & Auditors

Monitor service levels, elevate issues, and help ensure external partners deliver to agreed standards.

Performance Reporting & Fund Data Review

Review performance reports, NAV files, liquidity features, and other fund data supporting internal teams with accurate information for research, client queries, and product updates.

Process Improvement

Identify opportunities to enhance operational workflows and contribute to the implementation of efficient, scalable processes.

Support Technology & Product Enhancements

Work with the technology team to test, validate, and provide feedback on enhancements to the ROYC investor portal and other internal tools. Participate in operational change initiatives.

People Management

• Acting as the first point of review and technical guidance on fund accounting matters for fund controllers and analysts
• Supporting the onboarding, training and day‑to‑day development of junior team members
• Helping to plan and allocate work across fund mandates to meet reporting and close deadlines
• Reviewing team outputs before sign‑off and maintaining consistent standards and procedures

Key Competencies And Skills

• Problem‑solving skills: The ability to identify, analyse, and resolve customer issues effectively and efficiently
• Communication skills: The ability to express yourself clearly and professionally, both verbally and in writing
• Teamwork skills: The ability to collaborate and cooperate with your colleagues, managers, and other departments to deliver the best possible customer experience
• Time management skills: The ability to prioritise, organise, and complete your tasks within deadlines and without compromising quality
• Customer feedback skills: The ability to solicit, receive, and act on customer feedback to improve our service and customer satisfaction levels
• Attention to detail: The ability to take a thorough approach when dealing with clients in order to meet client needs
• Responsibility: Ability to demonstrate strong work ethic and takes initiative to meet clients needs create value for the client
• Leadership: The ability to guide, review and support the work of others, and to take ownership of outcomes as the team grows

Preferred Profile

• Qualified accountant (ACA, ACCA, CIMA or equivalent)
• 5+ years of fund accounting experience, including at a senior or reviewer level
• Recent experience of private equity, semi‑liquid or venture capital fund accounting either for an investment firm/fund administrator
• Background in all aspects of private market fu