Assistant Fund Controller

Barings•Chicago, IL

22h•$95,000 - $145,000

About The Position

At Barings, we are as invested in our associates as we are in our clients. We recognize those who work diligently for us and reward them for personal and professional integrity, communication skills, distinct competencies and expertise in specific strategies, ability to collaborate as a team member and true dedication to the interests of our clients. We thank you for your interest in joining the Barings team, and invite you to explore our current employment opportunities. Title: Assistant Fund Controller, Private Credit Business Unit: Global Portfolio Services Location: Charlotte, NC; Chicago, IL; New York, NY Barings is a leading global financial services firm dedicated to meeting the evolving investment and capital needs of our clients and customers. Through active asset management and direct origination, we provide innovative solutions and access to differentiated opportunities across public and private capital markets. A subsidiary of MassMutual, Barings maintains a strong global presence with business and investment professionals located across North America, Europe, and Asia Pacific. Job Summary Barings’ Global Client Operations team has an opening for a motivated individual who would like to join our team of financial professionals. This individual will be responsible for oversight of multiple portfolios, client reporting and providing support to both internal and external clients. The candidate may at times support multiple assets classes under the private investment platform, which includes Private Credit, Real Estate Equity, Real Estate Debt, Private Equity and Funds and Co-Investments. The ideal candidates will have broad accounting expertise as well as be knowledgeable of operational best practices. Our teams consist of highly skilled CPAs, MBAs, and CFAs who are expected to provide accurate, timely, and efficient services. This individual will be responsible for the following areas:

Requirements

2-7 years of experience in fund accounting and preparation of financial statements is preferred.
Project management skills with attention to detail and proven ability to multi-task
Bachelor’s degree in Accounting preferred, (CPA designation preferred)
Strong written and verbal communication skills
Working knowledge of Excel and Word essential, Investran experience is a plus
Experience with fund launches
Exposure to leverage and financing structures
Process improvement mindset

Nice To Haves

Prior involvement in launching new funds, including onboarding administrators, setting up reporting processes, and supporting initial closes.
Familiarity with subscription facilities, portfolio-level leverage, borrowing base mechanics, and related reporting.
Interest in improving workflows, documentation, and controls as the platform scales, including automation and standardization where possible.
Prior closed-end fund experience is desirable and ideally experience was gained in fund management, fund accounting, fund administration, or fund audit.
Experience in private credit and infrastructure debt are highly desirable.
Extensive experience in multi-currency equalization, hedging strategy, and new fund launch are highly desirable.

Responsibilities

Private credit fund accounting expertise
Strong understanding of NAV calculation, capital accounts, income allocations, and fee mechanics for private credit funds (open- and closed-ended).
Complex fund structures experience
Ability to support multi-entity, multi-currency, and feeder/master structures, including coordination across administrators, auditors, and internal stakeholders.
Financial reporting and close management
Proven ability to manage quarterly closes, review financial statements, and ensure accuracy and timeliness under tight deadlines.
Strong control mindset and attention to detail
Demonstrated focus on controls, reconciliations, issue identification, and resolution to mitigate operational and reporting risk.
Systems proficiency
Experience working with fund accounting platforms and data tools, with the ability to navigate, review, and validate outputs from complex systems.
Stakeholder communication skills
Ability to communicate clearly with portfolio managers, administrators, auditors, and internal teams to resolve issues efficiently.
Ability to operate independently
Comfortable owning funds or processes end-to-end with limited supervision while knowing when to escalate issues appropriately.
Oversee daily cash forecasting, monitoring investment activities and fund expenses, and managing liquidity requirements.
Oversee entire capital call and distribution process and working schedules and notices prepared by TPAs.
Work effectively with third party service providers
Maintain the general ledger and various sub-ledgers, where applicable
Prepare and review trial balances
Assist with the quarterly close process
Manage and monitor the timing and quality of client deliverables
Manage workflow for capital calls and distributions
Production of client reports (month/quarterly cycles)
Produce account level financial performance metrics
Interact with senior management, portfolio management team and investment analysts
Proactively communicate and coordinate with various internal groups
Interact with pricing team on valuations and price analysis
Assist in various ad-hoc projects to improve fund oversight models, processes, and controls.

Benefits

Medical (including Virtual Care), Prescription, Dental, and Vision Coverage
Fitness Center Reimbursement Program (Including Online Memberships)
Employee Assistance Program (EAP)
Fertility Benefits
Highly competitive 401(k) Plan with Company Match
Health Savings Account (HSA) with Company Contributions
Flexible Spending Accounts (FSA) - Health Care & Dependent Care
Retirement Health Reimbursement Account
Basic and Supplemental Life Insurance
Spouse and Child Life Insurance
Paid Vacation, Sick Days and Annual Holidays
Paid Leave of Absences (Maternity Leave, Parental Leave, Caregiver Leave, Bereavement Time)
Short and Long Term Disability Plans
Paid Volunteer Time
Education Assistance Program
Charitable Matching Gifts Program
Commuter Reimbursement Program
Adoption and Surrogacy Reimbursement Program