Assistant Controller

TheASPTeam; Portland (OR); On-site; USD 120,000 - 180,000; Full time

Job summary

TheASPTeam is seeking an Assistant Controller to lead accounting and financial reporting across fund entities, the management company, and related accounts. You will manage the close process, oversee diverse revenue streams, and support audits and tax compliance. The ideal candidate has 8+ years in accounting, with asset management exposure and strong U.S.

GAAP knowledge. Advanced Excel skills and experience with fund platforms are preferred.

Qualifications

• Bachelor's degree in Accounting or Finance is required.
• 8+ years of accounting experience, including time in public accounting (preferred) with an asset management or financial services focus.
• 5+ years of experience within an investment management firm, fund administrator, or similar environment.
• Strong knowledge of U.S. GAAP, investment company accounting, and partnership accounting.
• Experience interpreting limited partnership agreements and modeling fee and waterfall calculations.
• Advanced Excel skills.

Responsibilities

• Oversee monthly, quarterly, and annual close for fund entities, including review of NAV calculations, capital accounts, and financial statements prepared by third-party administrators.
• Prepare calculations of management fees, carried interest, incentive allocations, and waterfall distributions in accordance with fund governing documents.
• Assist with capital call and distribution processes, including notices, cash reconciliations, and investor allocations.
• Prepare quarterly investor reports, capital account statements, and custom investor requests.
• Oversee general ledger, accounts payable, expense allocations, and intercompany activity for the management company and affiliated entities.
• Prepare management company financial statements, budgets, and variance analyses.
• Assist with the annual fund and management company audits, preparing schedules and responding to auditor inquiries.
• Coordinate with internal and external tax advisors on K-1 preparation, tax estimates, and tax allocations.
• Ensure compliance with U.S. GAAP (including ASC 946), fund agreements, and internal controls.
• Maintain and strengthen internal controls, accounting policies, and procedure documentation.
• Identify opportunities to automate and streamline workflows and reporting.

Skills

Accounting experience

Attention to detail

Communication with senior leadership

Time management

Education

Bachelor's degree in Accounting or Finance

Tools

Advanced Excel

Public accounting exposure

Job description

We are seeking an Assistant Controller to help lead accounting and financial reporting across funds, separate accounts, property-level entities, and management company. This role manages the close process, oversees the accounting for diverse revenue streams, assists with audits and tax compliance, and helps deliver accurate, timely reporting to investors.

Key Responsibilities:

Fund Accounting and Reporting

• Oversee the monthly, quarterly, and annual close for fund entities, including review of NAV calculations, capital accounts, and financial statements prepared by third-party administrators
• Prepare calculations of management fees, carried interest, incentive allocations, and waterfall distributions in accordance with fund governing documents
• Assist with capital call and distribution processes, including notices, cash reconciliations, and investor allocations
• Prepare quarterly investor reports, capital account statements, and custom investor requests

Management Company Accounting

• Oversee general ledger, accounts payable, expense allocations, and intercompany activity for the management company and affiliated entities
• Prepare management company financial statements, budgets, and variance analyses

Audit, Tax, and Regulatory

• Assist with the annual fund and management company audits, preparing schedules and responding to auditor inquiries
• Coordinate with internal and external tax advisors on K-1 preparation, tax estimates, and tax allocations
• Ensure compliance with U.S. GAAP (including ASC 946), fund agreements, and internal controls

Process Improvement

• Maintain and strengthen internal controls, accounting policies, and procedure documentation
• Identify opportunities to automate and streamline workflows and reporting

  Qualifications Required

  • Bachelor's degree in Accounting or Finance
  • 8+ years of accounting experience, including time in public accounting (preferred) with an asset management or financial services focus
  • 5+ years of experience within an investment management firm, fund administrator, or similar environment
  • Strong knowledge of U.S. GAAP, investment company accounting, and partnership accounting
  • Experience interpreting limited partnership agreements and modeling fee and waterfall calculations
  • Advanced Excel skills

  Key Attributes

  • High attention to detail with a strong sense of ownership
  • Ability to manage multiple deadlines in a fast-paced environment
  • Clear communicator comfortable working with senior leadership, auditors, and investors
  • Sound judgment and a high standard of integrity and confidentiality