Assistant Controller

WhiteCap Search; New York (NY); On-site; USD 120,000 - 180,000; Full time

Job summary

Whitecap Search seeks a detail‑oriented accounting professional with venture capital or private equity fund experience to join the Finance and Operations teams. You will handle middle and back‑office tasks, including treasury, capital calls, distributions, and investment closing support.

Responsibilities span NAV reviews, LP reporting, valuation support, and automation, with exposure to ASC 820, management fees, carried interest, and co‑investments.

Qualifications

• Strong background in accounting.
• Experience in venture capital, private equity, or other closed-end fund structures.
• Proficiency in managing fund cash, expenses, and treasury.
• Ability to coordinate with third-party valuation providers and manage compliance with limited partnership agreements.
• Experience supporting product development and fund launches.

Responsibilities

• Review quarterly and annual fund NAVs and capital accounts across VC and closed-end funds.
• Manage capital activity lifecycle: capital calls, distributions, and LP commitments.
• Handle fund cash, expenses, and treasury, including portfolio investments funding.
• Prepare the quarterly Schedule of Investments and coordinate with valuation providers on fair value marks under ASC 820.
• Calculate and review management fees, carried interest, and distribution waterfalls per LPAs.
• Assist with fund launches, SPVs and co-investment vehicles.
• Coordinate audit and tax processes with administrators and auditors; review K‑1s.
• Support AI adoption to improve productivity and decision-making.

Skills

Accounting

Fund accounting

Treasury management

VC/PE fund experience

Tools

AI tools

Job description

Whitecap Search is looking for a dynamic individual with a strong background in accounting and experience in venture capital, private equity, or other closed-end fund structures. This role offers an exciting opportunity to be at the forefront of the digital assets industry, with the chance to work on both the Finance and Operations teams. The successful candidate will be involved in all middle and back-office functions of the funds, including treasury, capital call and distribution execution, investment closing support, valuation support, automation, and various other operational functions.

Whitecap Search is looking for a dynamic individual with a strong background in accounting and experience in venture capital, private equity, or other closed-end fund structures. This role offers an exciting opportunity to be at the forefront of the digital assets industry, with the chance to work on both the Finance and Operations teams. The successful candidate will be involved in all middle and back-office functions of the funds, including treasury, capital call and distribution execution, investment closing support, valuation support, automation, and various other operational functions.

Responsibilities

• Review quarterly and annual fund NAVs, capital account allocations, and partners' capital account statements across venture capital and closed-end fund products.
• Manage the capital activity lifecycle – calculate and issue capital call and distribution notices, and track limited partner commitments, contributions, distributions, and unfunded balances.
• Manage fund cash, expenses, and treasury, including funding of portfolio company investments and coordination of closing mechanics.
• Prepare the quarterly Schedule of Investments and assemble valuation committee materials, coordinating with third-party valuation providers on portfolio company fair value marks under ASC 820.
• Calculate and review management fees, carried interest, and distribution waterfalls in accordance with each fund's limited partnership agreement.
• Assist with product development, fund launches, and the formation of SPVs and co-investment vehicles.
• Work with internal legal/compliance and the fund administrator, respond to investor inquiries, and support Operational Due Diligence sessions.
• Maintain investment-level records across the portfolio, including cost basis, follow-on rounds, conversions, warrants, and realizations.
• Monitor compliance with limited partnership agreements and side letters, including limited partner reporting obligations and information rights.
• Coordinate the annual audit and tax process with fund administrators, auditors, and tax preparers, including review of partner K-1s.
• Provide support to liquid hedge fund products as needed, including NAV review and other operational work.
• Embrace and champion the thoughtful adoption of AI to improve team performance and business outcomes.
• Leverage AI tools (e.g., generative AI, automation platforms, data copilots) to improve productivity, decision-making, and output quality in your day-to-day work.

Requirements

• Strong background in accounting.
• Experience in venture capital, private equity, or other closed-end fund structures.
• Proficiency in managing fund cash, expenses, and treasury.
• Ability to coordinate with third-party valuation providers and manage compliance with limited partnership agreements.
• Experience in supporting product development and fund launches.
• Familiarity with AI tools and their application in enhancing productivity and decision‑making.

Compensation

The base salary ranges included below will be commensurate with candidate experience, expertise, and local market. Final offer amounts are determined by multiple factors, including candidate experience and expertise. We maintain a total compensation philosophy which consists of a competitive base salary, annual bonus, and equity incentives.

Disclosure: The hourly rates and/or salaries listed may or may not reflect total compensation packages including bonus and fringe benefits, etc., nor are the advertisement(s) posted a guarantee of a certain compensation package for a position or bona fide offer of employment. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against on the basis of disability.