Fund Controller

Conexus; California; On-site; USD 120,000 - 180,000; Full time

Job summary

Conexus seeks the firm’s first in-house accounting hire to build the function from the ground up in California. You’ll shadow the fund administrator, then own the full accounting, controls and NAV/financial reporting for a fast-growing private credit fund.

You’ll develop monthly close procedures, reconciliations and governance across audits, tax advisers, and leadership, with a hands-on, startup-style environment and high impact.

Qualifications

• 3–6 years of accounting experience in funds or public accounting with a focus on investment accounting.
• Big 4 or top 20 background preferred with ASC 946 and NAV knowledge.
• Hands-on, builder mindset; capable of creating processes from scratch.
• Experience with AI or automation in reconciliations and reporting is a plus.

Responsibilities

• Review monthly flash P&L and NAV, resolve pricing and accrual discrepancies.
• Build shadow books and reconciliations for cash, positions and NAV.
• Set up GL and accounting rules in the portfolio management system.
• Create monthly/quarterly close procedures, variance analysis and controls.
• Coordinate fund audits; be the main accounting contact for service providers.

Skills

Advanced Excel

Investment fund accounting

NAV

ASC 946

Attention to detail

Tools

Portfolio management system

Excel

Job description

Our client is a fast-growing private credit fund that invests in high-yield bonds and leveraged loans, across both performing and distressed credit. The firm launched within the last few years with institutional backing and has grown quickly to nearly $2B in AUM. It is still a lean team (fewer than 20 people) whose senior investment professionals come from some of the most respected credit managers in the industry.

Role Overview:

This is the firm’s first in-house accounting hire. You’ll report directly to the Executive Team and build the accounting function from the ground up. At first, you’ll shadow and independently check the fund administrator’s monthly work. Over time you’ll own the firm’s full accounting and controls. Key responsibilities:

• Independently review the monthly flash P&L and NAV, and resolve pricing, valuation and accrual discrepancies
• Build and maintain shadow books and reconciliations for cash, positions, accruals, realized and unrealized P&L, and NAV
• Work with leadership to set up GL and accounting rules in the firm’s portfolio management system
• Create documented monthly and quarterly close procedures, variance analysis and controls
• Reconcile investor capital account statements and review quarterly fund financial statements
• Own the annual fund audit from planning through completion
• Serve as the main accounting contact for the fund administrator, auditors and tax advisers
• Over time, take on fund tax review, management company accounting oversight, and budgeting and forecasting

The firm is interviewing now and is targeting a start in January or February, after year-end bonuses are paid.

Experience Desired:

• 3–6 years of experience. The ideal profile is 2–3 years in public accounting and 3–4 years in-house, but exceptional candidates from public accounting will be considered
• Audit background at a Big 4 or top 20 public accounting firm
• Strong investment fund accounting knowledge: ASC 946, NAV, financial statements and investor reporting
• Advanced Excel skills
• A hands‑on, builder mindset. You’re comfortable in a startup-style environment, getting into the details, and creating processes from nothing
• Practical use of AI or automation tools in reconciliations and reporting

Selling Points:

• Build it, don’t inherit it. As the first accounting hire, you’ll design the function’s processes, controls and systems yourself.
• CFO training ground. The role is expected to grow into fund tax, management company accounting, and budgeting and forecasting. It suits someone who wants a widening scope rather than a narrow seat.
• Direct line to leadership. You’ll report to the executive team, and the firm’s senior leaders will see your work every day.
• Momentum. The firm has scaled quickly to nearly $2B AUM, has stable institutional backing, and its strategy has drawn early industry attention.
• High impact. The team is small enough that one person makes a real difference, and you’ll work alongside a top‑pedigree investment team.