Assistant Controller- Fund Accounting

StevenDouglas; Austin (TX); On-site; USD 110,000 - 170,000; Full time

Job summary

StevenDouglas is seeking an Assistant Controller of Fund Accounting in Austin to oversee fund accounting operations, financial reporting, fund administration, and investor reporting across the firm's investment funds.

You will work directly with the Controller and finance leadership to ensure accurate, timely reporting and contribute to the growth of the investment platform through process improvements and strong internal controls.

Qualifications

• Bachelor's degree in Accounting or Finance required or equivalent.
• CPA is strongly preferred.
• 5+ years of progressive fund accounting experience.
• Experience with private equity or investment management is preferred.
• Strong GAAP knowledge and investment fund accounting expertise.

Responsibilities

• Assist with oversight of fund accounting operations including monthly, quarterly, and annual close processes.
• Review fund financial statements, capital account statements, and investor reporting packages.
• Coordinate with third-party fund administrators to ensure accurate reporting and timely deliverables.
• Oversee capital calls, distributions, allocations, and waterfall calculations.
• Support quarterly and annual valuations, investment accounting, and portfolio company reporting.
• Assist with preparation and review of GAAP-based financial statements.
• Coordinate annual audits and tax compliance with external auditors.
• Monitor fund-level cash activity, capital commitments, and liquidity requirements.
• Identify opportunities to improve accounting processes, reporting procedures, and internal controls.
• Partner with senior finance leadership on special projects and new fund launches.

Skills

Fund accounting

GAAP

Excel

Communication with senior leadership

Investment management experience

Education

Bachelor's degree in Accounting or Finance

CPA certification (preferred)

Tools

Excel

Job description

An exceptional opportunity to join one of the top private equity firms in Austin as an Assistant Controller of Fund Accounting. This firm has an outstanding reputation, a strong investment platform, and a track record of success. The organization offers an excellent opportunity for a driven accounting professional to join a sophisticated investment environment with significant exposure to senior leadership and continued professional growth.

The Assistant Controller will play a key role in overseeing fund accounting operations, financial reporting, fund administration, and investor reporting across the firm's investment funds. This individual will work closely with the Controller and broader finance team to ensure accurate and timely financial reporting while supporting the continued growth of the firm's investment platform.

Key Responsibilities

• Assist with oversight of fund accounting operations, including monthly, quarterly, and annual financial close processes.
• Review fund financial statements, capital account statements, and investor reporting packages.
• Coordinate with third-party fund administrators to ensure accurate financial reporting and timely deliverables.
• Oversee capital calls, distributions, allocations, and waterfall calculations.
• Support quarterly and annual valuations, investment accounting, and portfolio company reporting.
• Assist with the preparation and review of financial statements in accordance with GAAP.
• Coordinate annual audits and tax compliance processes with external auditors and tax advisors.
• Monitor fund-level cash activity, capital commitments, and liquidity requirements.
• Identify opportunities to improve accounting processes, reporting procedures, and internal controls.
• Partner with senior finance leadership on special projects, new fund launches, and ongoing investment activities.

Qualifications

• Bachelor's degree in Accounting or Finance.
• CPA strongly preferred.
• 5+ years of progressive fund accounting experience.
• Previous experience in private equity, alternative investments, fund accounting, or public accounting serving investment management clients.
• Strong understanding of GAAP and investment fund accounting.
• Experience with capital calls, distributions, carried interest, allocations, and partnership accounting preferred.
• Experience working with external fund administrators and coordinating audits.
• Advanced Excel skills and strong financial reporting capabilities.
• Excellent communication skills and the ability to work effectively with senior leadership.

Why Consider This Opportunity?

• Join one of Austin's premier private equity investment firms.
• Work alongside an experienced and highly regarded finance and investment leadership team.
• Gain exposure to complex investment structures, fund operations, and investor reporting.
• Take on meaningful responsibility within a sophisticated and growing investment platform.
• Excellent opportunity for career advancement into a Controller-level position.
• Competitive compensation package and outstanding professional growth potential.