Assistant Fund Controller – Private Equity / Venture Capital

Dynamo Software•Watertown, MA

10d•$100,000 - $115,000

About The Position

This position is within the Outsourced Accounting and Reporting Services practice (the “Outsourcing Practice”) and reports to a Fund Controller or Senior Manager within our Outsourcing Practice. The Outsourcing Practice focuses on private equity and provides customized bundles of accounting and reporting services to our clients, which include, but are not limited to, entry of all accounting transactions and related recordkeeping; preparation and e-delivery of quarterly unaudited financial statements and investor reports; preparation and e-delivery of investor capital calls and distributions; coordination of annual audits, including drafting the footnotes to the audited financials; coordination of annual partnership income tax returns and e-delivery of Schedule K-1s to investors; maintenance of clients’ online investor portals; responding to ad hoc questions from clients and their investors; administering the treasury function including lines of credit.

Requirements

Minimum of Bachelor’s degree in accounting
5+ years of experience in private equity or partnership investment accounting, including 2+ years in a managerial/leadership role
Understanding of the private equity and venture capital industry
Technical interest/ aptitude, including strong Excel skills
Excellent communication skills
Capable of working independently while juggling multiple priorities in a fast-paced environment

Nice To Haves

Previous fund administration or private fund experience preferred
CPA (strongly preferred)

Responsibilities

Process accounting transactions in an accurate and timely manner using transaction definitions while understanding their purpose and requirements
Maintain supporting documentation for transactions in accordance with established file naming and foldering conventions
Assist in reconciling account balances, including bank recs
Complete draft of quarterly financials formatting and supporting schedule reconciliations
Complete initial update of annual footnotes, understanding expected disclosures and related supporting schedules
Gather and post reports and documents in support of audit, helping coordinate overall timeline
Prepare support for information requests from clients and their investors (e.g., audit confirmations)
Distribute and review periodic reports, such as weekly reports and notices, following established protocol
Help with maintenance of investor contacts and wiring instructions
Help with publisher set up and maintenance
Help maintain Dynamo CRM/Portal
Provide support to assigned licensing clients
Begin to develop and maintain productive working relationships and contact with client personnel
Take ownership in providing a complete deliverable to senior team members for review
Learn/adhere/understand established policies & procedures and provide suggestions for improvement
Utilize practice aids (e.g., checklists), understand their purpose and suggest improvements
Utilize full capabilities of Dynamo’s accounting and portal software and work to ensure maximum automation in processing
Begin to develop competency in select subject areas, working to become an SME (“Subject Matter Expert”) and an “on demand” resource for the team
Serve as mentor/trainer for new hires and senior accountants