Senior Private Funds Controller: NAV, Reporting & Compliance

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

Benefits offered by this job

Office four days a week with one day远?

Discretionary bonus

Comprehensive benefits

Retirement plan

Flexible work environment

Job summary

Wellington Management is seeking a seasoned Fund Controller to oversee NAV and financial reporting for private investment funds, including private equity, private credit and co‑investments. You will coordinate capital calls, distributions, audits, and cross‑functional initiatives with Tax, Compliance and Investor Relations teams.

The role requires extensive private funds accounting experience, strong US GAAP knowledge, and advanced Excel skills, with potential exposure to Tableau/Power BI and

Qualifications

• Undergraduate degree in accounting or finance; CPA/CFA/MBA favored.
• 7+ years’ experience in alternative investments, public accounting, or fund administration.
• 4+ years’ experience with private credit/equity fund accounting and operations.
• Knowledge of partnership accounting, closed‑end funds, fees and structures.
• Proficient with US GAAP and technical accounting rules.
• Experience with private asset classes (PE, credit, RE, infra).
• Advanced Excel required; Tableau/PowerBI/Alteryx encouraged.
• Client-service mindset and strong communication skills.

Responsibilities

• Oversee quarterly NAV and financial statement process for assigned funds.
• Handle complex private portfolio transactions and waterfall calculations.
• Manage capital calls, distributions, and related notices.
• Oversee fund fees, expenses, cash, and capital management.
• Coordinate annual audit with fund administrator and auditors.
• Support product development and new fund launches.
• Develop internal accounting policies and controls.
• Provide data to respond to queries and perform ad‑hoc analyses.

Skills

Advanced Excel

US GAAP

Financial reporting

Tableau

Power BI

Alteryx

Private fund accounting

Communication

Education

Accounting/Finance degree

CPA/CFA/MBA in progress

Tools

Tableau

Power BI

Alteryx

Fund accounting

Job description

About Us

About Us

Wellington Management offers comprehensive investment management capabilities that span nearly all segments of the global capital markets. Our investment solutions, tailored to the unique return and risk objectives of institutional clients in more than 60 countries, draw on a robust body of proprietary research and a collaborative culture that encourages independent thought and healthy debate. As a private partnership, we believe our ownership structure fosters a long-term view that aligns our perspectives with those of our clients.

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 operations encompassing 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 growing. We are planning for the next vintages of our flagship private equity while also expanding our private credit offering and designing innovative solutions for the insurance and wealth channels.

The experienced Fund Controller will play a crucial role in overseeing various functions for Wellington’s Private Investment Funds, with responsibility over assigned funds’ NAV oversight and annual audits, execution of capital calls and distributions, investor support, and contribution to cross-functional business initiatives. This role requires frequent collaboration with other Wellington teams and external service providers (e.g., Fund Administrators, Auditors, Product Management, Private Investment Deal Teams, Investor Relations). The Fund Controller will report to the team’s Manager of the Private Funds’ Fund Control & Operations team.

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 with the funds’ day-to-day operations, including:
• Planning and coordination of capitals calls and distributions, including 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 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 are always being followed
• Assist Investment, Investor Relations, Tax, and Compliance teams, among others, provide information and data to respond to queries and perform ad hoc analyses based on the funds’ or investors’ activity
• 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 (closes, capital calls, distributions), fee structures (management fees, carried interest, claw back), and private equity and/or private credit investment transactions
• Proficient knowledge of US GAAP and ability to research and apply technical accounting and financial statement presentation rules
• Experience in one or multiple private asset classes (private equity, credit, real estate, infrastructure)
• Experience with a variety of complex fund structures, such as master-feeders and 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 highwater mark, dealing date cash flows a plus
• Knowledge of private investment valuation approaches, methodologies, and related guidance
• Advanced Excel skills are required; experience with or a 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 intrapersonal skills and a collaborative nature
• Acute attention to detail and organizational skills
  
  
  

Not sure you meet 100% of our qualifications? That’s ok. If you believe that you could excel in this role, we encourage you to apply and welcome a chance to review your background. We are dedicated to building and maintaining a diversified workforce and considering a broad array of candidates with a variety of skill, workplace experiences, and backgrounds.

As an equal opportunity employer, Wellington Management ensures that 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 (physical or mental), medical condition, citizenship, marital status, pregnancy, veteran or military status, genetic information or any other characteristic protected by applicable law. If you are a candidate with a disability, or are assisting a candidate with a disability, and require an accommodation to apply for one of our jobs, please email us at [e-mail].

Benefits

At Wellington Management, our approach to compensation is designed to help us attract, inspire and retain the best talent in our industry.We strive to pay employees fairly and competitively across all levels and roles. Our approach to compensation considers all aspects of total compensation; all employees are eligible to receive salary, variable compensation, and benefits. The base salary range for this position is:

USD 120,000 - 225,000

This range takes into account the wide range of factors that are considered when making compensation decisions, including but not limited to skill sets; role; skills and experience; certifications; and education. This range is an estimate, and further details on salary and total compensation aspects will be shared with candidates during the recruitment process.

Base salary is only one component of Wellington’s total compensation approach. Other rewards may include a discretionary Corporate Bonus and/ or Incentives, if eligible. In addition, we offer a comprehensive and high value benefit package to meet the unique needs of our employees and their families, and we are committed to fostering a flexible work environment that enables employees to thrive personally and professionally. Examples of our benefits include retirement plan, health and wellbeing, dental, vision, and 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)

We believe that in person interactions inspire and energize our community and are essential to our culture. In support of this commitment, our employees work from our offices 4 days a week with flexibility to work remotely 1 day a week. We believe that this approach ultimately supports our mission to deliver investment excellence to our clients and their beneficiaries over the long term.