Assistant Controller (Private Equity)

Coda Search│Staffing; New York (NY); On-site; USD 120,000 - 160,000; Full time

Job summary

The Assistant Controller role at a private investment firm in NYC focuses on tax, reporting, accounting, and financial operations under the CFO. The position entails sitting in on weekly investment meetings with senior management.

You will assist in portfolio valuations, oversee fund financials with the external administrator, and ensure timely NAV and close packages while managing journal entries and reconciliation processes. Effective communication across teams is essential.

Qualifications

• Bachelor's degree in accounting/finance required.
• CPA or CPA in progress preferred.
• Experience with tax accounting/reporting required.
• Strong communication with management across levels.
• Proficient Excel/VBA; familiarity with portfolio accounting software (Investran).
• 4+ years in accounting/audit/tax roles; fast-paced environment.

Responsibilities

• Assist portfolio valuations including optimization, risk analytics, performance attribution, and risk/liability management.
• Manage and review fund financials prepared by external administrator for quality and timeliness.
• Prepare monthly performance estimates, close packages/NAV, allocations, waterfalls and fund returns.
• Prepare journal entries, trial balance, balance sheet, income statement and cash flow reports.
• Support cash management forecasts and debt facility oversight for investment capital.
• Collaborate with CFO/Controller on firm reporting and intercompany reconciliation.

Skills

Excel/VBA

Strong communication

Tax accounting

Financial reporting

Financial analysis

Portfolio knowledge

CPA in progress

Education

Bachelor's degree

Tools

Investran

Job description

Our client is a Private Investment Firm based in NYC currently seeking to add a talented Assistant Controller to their growing Accounting and Finance Team, this position will straddle the following responsibilities; Tax, Reporting, Accounting and Financial Operations, reporting directly to CFO.

Ideal candidate must be confident reviewing and preparing Firm Financials and Accounting/Reporting; opportunity will include sitting on weekly Investment Meetings with Senior Management - high profile opportunity!

Daily responsibilities

• Assist portfolio valuations efforts including portfolio optimization, risk analytics, performance attribution, and risk/liability management
• Manage and review fund financials as prepared by the external administrator to ensure quality and timeliness of deliverables
• Responsible for financial reporting process, including but not limited to monthly performance estimates, close packages/NAV, allocations, waterfalls and fund returns
• Perform financial statement preparation, cash and position reconciliations, entering income/expense accruals, preparing capital allocation schedules, and sending investor correspondence regarding account balances
• Assist in cash management forecasts and budgets along with debt facility oversight to establish capital available for investment.
• Prepare and post all journal entries and prepare monthly trial balance, balance sheet, income statement and statement of cash flow reports.
• Oversight and compliance of fund credit facilities by accurately comprehending and interpreting the agreement, while maintaining a thorough knowledge of the assets in the portfolio
• Prepare daily net capital computation and daily P&L reporting
• Collaborate with CFO/Controller on preparation of firm reporting and intracompany reconciliation process
• Review management fee calculations
• Perform daily general ledger functions such as cash and trading account reconciliation
• Responsible for implementing efficiencies across all facets of middle-office operations and accounting areas.

Desired Skills and Experience

• Bachelor's Degree with 4+ years of (Accounting/Audit/Tax) industry experience
• CPA or CPA in progress highly preferred
• Prior experience with Tax Accounting/Reporting required
• Outstanding communication skills, proven ability to effectively work with all levels of Management
• Technical skills; Highly proficient with Excel/VBA and Portfolio Accounting Software (Investran) preferred
• Comfortable working in a fast-paced, dead-line driven dynamic environment