Assistant Fund Controller - Private Equity

Madison-Davis, LLC; New Jersey; On-site; USD 175,000 - 250,000; Full time

Job summary

Madison-Davis, LLC seeks a VP of Finance to lead a lean fund accounting team responsible for multiple private equity funds and investment vehicles. You will oversee quarterly/annual reporting, capital activity, and partner allocations, delivering complex waterfall analyses to senior leadership.

The role partners with executives, investment professionals, and portfolio teams to optimize investment activity, evaluate structures, and manage NAV calculations, audits, and tax processes in a GAAP

Qualifications

• Bachelor's degree in Accounting or Finance; CPA strongly preferred.
• 10+ years of progressive experience within private equity, alternative investments, asset management, or public accounting serving private equity and/or asset management clients.

Responsibilities

• Lead and develop a team of Fund Controllers, Fund Accountants, and Accounting Managers responsible for multiple private equity funds and investment vehicles.
• Oversee all aspects of fund accounting, quarterly and annual financial reporting, capital activity, partner allocations, and investor reporting.
• Review and analyze complex distribution waterfalls, carried interest calculations, management fees, GP/LP allocations, and fund performance metrics.
• Partner directly with senior executives, investment professionals, and portfolio management teams to analyze investment activity and provide operational and accounting support throughout the investment lifecycle.
• Evaluate investment structures, acquisitions, dispositions, restructurings, and financing transactions from both an accounting and operational perspective.
• Review NAV calculations and ensure the accuracy of partnership allocations and financial reporting.
• Collaborate with Legal, Tax, Treasury, Investor Relations, Compliance, and Portfolio Operations on fund launches, capital events, and strategic initiatives.
• Oversee audit and tax processes while serving as the primary liaison with external auditors and service providers.
• Ensure compliance with U.S. GAAP, partnership accounting guidance, and internal control policies.
• Drive process improvements, automation initiatives, and enhancements to accounting systems and reporting infrastructure.
• Prepare executive-level analyses and presentations related to fund performance, liquidity, investment returns, and operational metrics.

Skills

Team leadership

Fund accounting

Financial analysis

GAAP knowledge

Investor reporting

Education

Bachelor's in Accounting/Finance

CPA certification

Job description

Private Equity arm of a global alternative investment management firm is seeking a new VP of Finance.

Over the past few years the firm has leveraged more than $170b in AUM to invest an various market leading businesses across:

• Consumer Goods

With the recent surge in AI/Tech, they have established themselves as one of the world's biggest investors in the space and continue to fundraise as they look for future investment opportunities in this sector. Because of this growth, the Controller + CFO are looking to hire a new VP to lead a team and report key metrics to senior leadership to influence decision-making.

Although the core of this position is Fund Accounting by nature, the VP will have a staff reporting to them, handling what can be considered mundane preparation. The VP will act as a team leader to provide complex analysis of various waterfalls and spend about 40-50% of their time presenting this key information to the front office/senior leadership while also helping incorporate various AI tools into this business to increase efficiency.

This team runs very lean, under the umbrella of a “mega fund” which is unique as the VP is essentially taking on CFO like responsibilities and not being siloed in their day-to-day responsibilities.

VP’s are eligible to invest in current funds within the Private Equity portfolio (5-year vesting period).

Compensation target: $175k-$250k base + 30-40% bonus + opportunity to invest in funds + other long term incentive options

Description:

• Lead and develop a team of Fund Controllers, Fund Accountants, and Accounting Managers responsible for multiple private equity funds and investment vehicles.
• Oversee all aspects of fund accounting, quarterly and annual financial reporting, capital activity, partner allocations, and investor reporting.
• Review and analyze complex distribution waterfalls, carried interest calculations, management fees, GP/LP allocations, and fund performance metrics.
• Partner directly with senior executives, investment professionals, and portfolio management teams to analyze investment activity and provide operational and accounting support throughout the investment lifecycle.
• Evaluate investment structures, acquisitions, dispositions, restructurings, and financing transactions from both an accounting and operational perspective.
• Review NAV calculations and ensure the accuracy of partnership allocations and financial reporting.
• Collaborate with Legal, Tax, Treasury, Investor Relations, Compliance, and Portfolio Operations on fund launches, capital events, and strategic initiatives.
• Oversee audit and tax processes while serving as the primary liaison with external auditors and service providers.
• Ensure compliance with U.S. GAAP, partnership accounting guidance, and internal control policies.
• Drive process improvements, automation initiatives, and enhancements to accounting systems and reporting infrastructure.
• Prepare executive-level analyses and presentations related to fund performance, liquidity, investment returns, and operational metrics.

Qualifications

• Bachelor's degree in Accounting or Finance; CPA strongly preferred.
• 10+ years of progressive experience within private equity, alternative investments, asset management, or public accounting serving private equity and/or asset management clients.