Lead Fund Controller, Private Funds

Wellington Management • Boston, MA

68d • $100,000 - $225,000

About The Position

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.

Requirements

• 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, 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.
• Knowledge of private investment valuation approaches and methodologies.
• Advanced Excel skills; experience with Tableau, PowerBI, Alteryx is strongly favored.
• A client service mindset and strong communication skills.

Nice To Haves

• Strong inclination to develop processes and enhance controls.
• Desire and ability to work in a fast-paced, team-oriented environment.
• Natural curiosity and ability to problem-solve.
• Strong intrapersonal skills and a collaborative nature.
• Acute attention to detail and organizational skills.

Responsibilities

• Oversee the quarterly NAV and financial statement process for assigned funds, reviewing work prepared by our third-party administrator.
• Assist with the funds’ day-to-day operations, including planning and coordination of capital calls and distributions.
• 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.
• Assist Investment, Investor Relations, Tax, and Compliance teams with information and data.
• Develop relationships with Wellington’s centralized teams and external service providers.
• Lead and support projects associated with the funds and Wellington’s operational infrastructure.
• Perform peer review of other team members and oversight of junior team members.

Benefits

• Retirement plan
• Health and wellbeing coverage
• Dental, vision, and pharmacy coverage
• Health savings account
• Flexible spending accounts
• Commuter program
• Employee assistance program
• Life and disability insurance
• Adoption assistance
• Back-up childcare
• Tuition/CFA reimbursement
• Paid time off (leave of absence, paid holidays, volunteer, sick and vacation time)

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Bachelor's degree