Assistant Controller, Private Funds

Monroe Capital LLC; Chicago (IL); On-site; USD 150,000 - 165,000; Full time

Benefits offered by this job

401(k) plan

Medical benefits

Paid time off

Job summary

Monroe Capital LLC, based in Chicago, seeks an Assistant Controller to oversee day-to-day accounting for several private funds, including BDCs and REITs. You will coordinate with the fund administrator to produce accurate accounting packs and ensure timely internal and external reporting.

The ideal candidate has 6+ years of experience in accounting, a degree in accounting/finance, and strong Excel skills. CPA is a plus, with experience in private funds and SEC reporting viewed favorably.

Qualifications

• 6+ years of relevant accounting experience.
• Bachelor’s degree in accounting/finance; CPA is a plus.
• Experience with private funds and retail funds.
• Experience with fixed income products; SEC reporting exposure is a plus.

Responsibilities

• Oversee quarterly financial reporting and investor capital statements for private funds.
• Coordinate with third-party fund administrator for accounting support packages and budgets.
• Review monthly/quarterly trial balances and resolve issues.
• Review disclosure schedules prepared by the fund administrator.
• Prepare quarterly fund performance summaries with executive KPIs.

Skills

Financial reporting

Excel proficiency

SEC reporting exposure

Private funds experience

CPA knowledge/awareness

Education

Bachelor’s degree in accounting/finance

CPA certification (plus)

Tools

Wall Street Office

Job description

Description

Assistant Controller will oversee the day-to-day accounting functions for several of the Firm’s fund structures. The Firm is a dynamic high growth organization which currently includes 25+ private investment funds across multiple domiciles and various retail funds such as business development companies (“BDCs”) and real estate investment trust (“REIT”). We are seeking a candidate to join our growing team with a proven ability to work collaboratively with groups across an organization and with outside service providers to direct appropriate information flow and effectively manage reporting deadlines.

Job Type

Full-time

Job Responsibilities

• Manage the preparation and review of quarterly financial reporting and investor capital statements for certain private funds, ensuring both internal and external deadlines are met.
• Oversee the preparation of accounting support packages and coordination with the 3rd party fund administrator for certain private funds. Activities include developing expense budgets, reviewing account reconciliations, and performing flux analyses over key performance metrics.
• Perform manager level review and sign off on the monthly/quarterly trial balances prepared by the 3rd party fund administrator and identify and resolve issues.
• Perform manager level review over disclosure support schedules prepared by the 3rd party fund administrator.
• Prepare quarterly fund performance summaries, which include an executive summary of key performance metrics for the period.
• Assist with investor reporting and coordinate the capital call and distribution process with the 3rd party fund administrator.
• Coordinate with the operations team to ensure accuracy of Wall Street Office system data utilized in accounting support packages, focusing on significant or unusual transactions.
• Oversee the preparation of support schedules for tax reporting and compliance.
• Develop talent and continue to drive efficiencies through process improvements.
• Assist with training and management of the fund accounting team.
• Ad-hoc internal and external reporting.

Requirements

• Minimum 6 years of relevant experience.
• Bachelor’s degree in accounting/finance, CPA is a plus.
• Experience in public accounting and/or professional services with client deadlines.
• Progressive experience within a company.
• Experience with private & retail funds.
• Experience with fixed income products; private credit is a plus.
• SEC reporting exposure with public investment vehicles is a plus.
• Strong ability / knowledge of Microsoft Excel functions.
• Previous exposure to Wall Street Office bank loan system is a plus.
• A detail-oriented self-starter who enjoys a dynamic fast-paced work environment at a growing company.

Physical Requirements

• Stationary Work: Able to remain in a stationary position for extended periods while performing computer work, phone communication, and administrative tasks.
• Movement: Occasionally moves about the office to access files, supplies, meeting rooms, or other work areas.
• Reaching/Positioning: Occasionally positions self to access shelves, organize materials, or retrieve office supplies.
• Computer and Equipment Use: Regularly operates a computer and other standard office productivity equipment (e.g., phone, printer, copier).
• Communication: Able to communicate effectively in person, over the phone, and through electronic methods as required to perform essential job duties.

Disclaimer

The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. All personnel may be required to perform duties outside of their normal responsibilities from time to time, as needed.

Compensation

It is expected that the base salary range for this position will be $150,000-$165,000. Actual salaries may vary based on factors such as skills, experience, and qualifications for the role. The total compensation package for this position may also include other elements and discretionary awards in addition to a full range of medical, financial and/or other benefits (including 401(k) eligibility and various paid time off benefits such as vacation, sick time and parental leave) dependent on the position offered. Details of participation in these benefit plans will be provided if an employee receives an offer of employment. If hired, the employee will be in an ‘at-will position’ and the Firm reserves the right to modify base salary (as well as any other discretionary payment or compensation program) at any time including for reasons related to individual performance, Firm or individual department / team performance and market factors.