Controller

Dynamics Executive Search; Chicago (IL); On-site; USD 120,000 - 160,000; Full time

Job summary

A leading investment firm seeks a Controller to join its finance team in Chicago. You will manage internal books, reconcile fund activity, and support tax reporting. Ideal candidates have experience in private equity and alternative investments, focusing on shadow accounting and NAV reconciliations. This full-time role offers competitive compensation in a dynamic environment.

Qualifications

• Experience with private equity or alternative investment funds.
• Knowledge in shadow accounting and NAV reconciliations.
• Understanding of tax reporting and year-end audits.

Responsibilities

• Maintain detailed internal books and records across various private equity funds.
• Perform reconciliations of internal fund activity and NAVs.
• Support the preparation of investor-level tax deliverables.

Skills

Private equity

Shadow accounting

NAV reconciliations

Fund administration

Tax reporting

Job description

Overview

Our client, a top-tier alternative investment firm, is seeking a Controller to join its finance team. This role is primarily focused on shadow accounting and internal fund reporting, with light involvement in tax-related support. You’ll maintain internal books and records across multiple fund structures, reconcile activity with the fund administrator, and support the tax team on investor-level reporting and year-end deliverables.

Primary Responsibilities – Shadow Accounting (80–90%)

• Maintain detailed internal books and records across various private equity funds and related entities, including master-feeder, parallel, and co-investment vehicles.
• Perform comprehensive reconciliations of internal fund activity and NAVs with third-party fund administrators on a monthly and quarterly basis.
• Track and reconcile capital activity such as capital calls, distributions, investor subscriptions, and redemptions across funds.
• Review and validate fund expenses, management and incentive fee calculations, expense allocations, and carried interest waterfalls.
• Partner with investor relations, legal/compliance, and operations to ensure consistency and accuracy across financial and investor reporting deliverables.
• Support quarterly and annual reporting cycles, including performance metrics, internal dashboards, and responses to LP inquiries.
• Assist in managing annual financial statement audits, including preparation of audit support schedules and coordination with external auditors.

Secondary Responsibilities – Tax Support (10–20%)

• Collaborate with the tax team to support the preparation of investor-level tax deliverables, such as Schedule K-1s, PFIC statements, and capital account summaries.
• Reconcile book-to-tax differences and help maintain tax basis records at both the fund and investor levels.
• Provide data and analysis required for year-end tax reporting, including taxable income allocations, foreign disclosures, and state apportionment data.
• Assist with ad hoc projects related to tax reform, compliance, and structuring as needed.

Qualifications

Experience with private equity or alternative investment funds, shadow accounting, NAV reconciliations, fund administration, tax reporting, and supporting year-end audits.

Seniority level

• Director

Employment type

• Full-time

Job function

• Accounting/Auditing and Finance

Industries

• Investment Management, Venture Capital and Private Equity Principals, and Financial Services