Lead Fund Controller, Private Funds

Wellington Management Company; Boston (MA); Hybrid; USD 120,000 - 225,000; Full time

Benefits offered by this job

Comprehensive benefits package

Retirement plan

Health and wellbeing

Tuition reimbursement

Job summary

Wellington Management Company in Boston offers an exciting opportunity to join its private investment-focused fund operations team dedicated to expanding its private equity business. This role includes overseeing fund accounting, treasury, and financial reporting, ensuring adherence to U.S. GAAP.

Ideal candidates will have a strong accounting background, 7+ years of relevant experience, and a client-service mindset. The compensation range for this position is USD 120,000 – 225,000, complemented by a comprehensive benefits package.

Qualifications

• 7+ years’ experience from an alternative investment firm, public accounting firm, and/or fund administrator.
• 4+ years’ experience with private credit and/or equity fund accounting and operations.
• Knowledge of partnership accounting and private equity/credit investment transactions.

Responsibilities

• Oversee the quarterly NAV and financial statement process for assigned funds.
• Assist in daily fund operations including capital calls and distributions.
• Oversee the annual audit process for assigned funds.

Skills

Accounting

Finance

Client-service mindset

Communication skills

Excel

Tableau

PowerBI

Alteryx

Education

Undergraduate degree in accounting or finance

CPA, CFA, or MBA (completion or progress)

Tools

Excel

Tableau

PowerBI

Alteryx

Job description

About the Role

This is an exciting opportunity to join Wellington’s private investment‑focused fund operations team dedicated to our rapidly expanding private equity business. Fund Control & Operations – Private Funds (FC&O) plays a vital role in Wellington’s private funds business and is responsible for fund accounting, treasury, and financial reporting. The team supports multiple vintages of Wellington’s private equity, private credit, and co‑investment funds with over $9.1 billion in PE assets and is growing. We are planning new vintages of our flagship private equity and expanding our private credit offering while designing innovative solutions for the insurance and wealth channels.

Responsibilities

• Oversee the quarterly NAV and financial statement process for assigned funds, reviewing work prepared by our third‑party administrator, including:
  • Complex private portfolio company and/or private credit transactions
  • Waterfall and carried interest calculations
  • Tiered management fee arrangements
  • Gross and net IRR calculations
  • Ensuring accounting and presentation is consistent with U.S. GAAP and Limited Partnership Agreements
• Assist in daily fund operations: planning and coordination of capital calls and distributions, reviewing calculations and notices produced by our third‑party administrator; oversight of fund fees and expenses; cash and capital management and coordination of deal funding.
• Oversee the annual audit process for assigned funds, coordinating with fund administrator and auditors.
• Contribute industry and operational knowledge to product development and new fund launches.
• Help to enhance and expand the internal accounting and finance policies and procedures to ensure best practices.
• Assist Investment, Investor Relations, Tax, and Compliance teams by providing information, data, and ad‑hoc analyses in response to fund or investor queries.
• Develop relationships with Wellington’s centralized teams and external service providers.
• Lead and support projects—both large and small—associated with the funds, Wellington’s operational and systems infrastructure, and service providers.
• Perform peer review of other team members and oversight of junior team members.

Qualifications

• Undergraduate degree in accounting or finance; completion or progress towards a CPA, CFA, or MBA is strongly favored.
• 7+ years’ experience from an alternative investment firm, public accounting firm, and/or fund administrator.
• 4+ years’ experience with private credit and/or equity fund accounting and operations.
• Knowledge of partnership accounting, closed‑end fund structures, fee structures, and private equity/credit investment transactions.
• Proficient knowledge of U.S. GAAP and ability to research and apply technical accounting and financial statement presentation rules.
• Experience with one or multiple private asset classes (private equity, credit, real estate, infrastructure).
• Experience with a variety of complex fund structures, such as master‑feeders, parallel funds, Luxembourg‑domiciled private funds, warehouses, REITs, rated‑note feeders, semi‑liquid/evergreen structures.
• Knowledge of open‑ended fund structures, including series accounting, performance fees with high‑water mark and dealing‑date cash flows.
• Knowledge of private investment valuation approaches, methodologies, and related guidance.
• Advanced Excel skills; experience with or desire to develop skills in Tableau, PowerBI, Alteryx is strongly favored.
• A client‑service mindset and strong communication skills.

Attributes

• Motivated work ethic and ambition to expand one’s knowledge, impact, and role.
• Strong inclination to develop processes and enhance controls, identifying opportunities for efficiency and risk reduction.
• Desire and ability to work in a fast‑paced, team‑oriented environment, performing multiple projects and balancing competing priorities.
• Natural curiosity and ability to problem‑solve, including researching technical accounting topics.
• Strong interpersonal skills and a collaborative nature.
• Acute attention to detail and organizational skills.

Compensation and Benefits

Base salary range: USD 120,000 – 225,000. The salary range reflects various factors such as role, skills, experience, certifications, and education. Base salary is only one component of total compensation. Other rewards may include a discretionary corporate bonus and/or incentives, if eligible. Wellington offers a comprehensive benefit package, including retirement plan, health and wellbeing, dental, vision, pharmacy coverage, health savings account, flexible spending accounts and commuter program, employee assistance program, life and disability insurance, adoption assistance, back‑up childcare, tuition/CFA reimbursement, and paid time off (leave of absence, paid holidays, volunteer, sick and vacation time). Staff work from the office four days a week with one day of remote work per week.

Equal Opportunity Employer

Wellington Management is an equal‑opportunity employer. All qualified applicants will receive equal consideration for employment without regard to race, color, sex, sexual orientation, gender identity, gender expression, religion, creed, national origin, age, ancestry, disability, medical condition, citizenship, marital status, pregnancy, veteran or military status, genetic information, or any other characteristic protected by applicable law.