Lead Fund Controller, Private Funds
About The Position
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. Position Overview We are seeking a highly motivated and results-driven experienced fund controller to join Wellington’s private investment focused Fund Control & Operations team to support the launch and ongoing operations the Private Investment platform’s semi-liquid private investment strategy, Venture Growth Evergreen. This is a unique opportunity to play a leading role in a new and growing segment of the Private Investment and Fund Services platforms. The Lead Fund Controller will oversee end-to-end fund operations for assigned semi-liquid vehicles, including: Day-to-day activities relating to accounting, reporting, and fund operations of an open-ended private investment fund Partnering with third-party fund administrator and other teams across the firm to strike monthly NAVs Validating NAV-impacting activity including, but not limited to, public and private investments, subscription and redemption activity, management and performance fees, expenses, and NAVs of other entities within the fund structure Assisting with the review of financial statements and other recurring filings Support the Product Team, Investor Relations, Tax, Compliance, and other teams by supplying information to address queries and conducting ad hoc analyses related to the activity of funds or investors Serving as a control point and subject matter expert for semi-liquid fund operations, helping design and scale operational infrastructure for Wellington’s growing evergreen platform
Requirements
- BS (or above) in Accounting or Finance is required
- 7+ years of relevant experience in private funds, including fund administrator, public accounting, or asset manager
- Strong experience with investment company accounting, ideally with proficient understanding of accounting for both public and private investments
- Strong experience with open-ended fund structures, including multi-share class funds
- Proficient knowledge of US GAAP and general understanding of other accounting frameworks (e.g., Lux GAAP, IFRS)
- Experience overseeing third-party administrators
- Advanced Excel skills; familiarity with data/reporting tools is a plus
Nice To Haves
- CPA license is preferred but not required
Responsibilities
- Oversee monthly NAV process, including review of administrator outputs and validation of: Complex private portfolio company and/or private credit transactions as well as public investment transactions Portfolio valuation inputs and fair value adjustments Management fee and performance fee calculations (including high-water mark / incentive fee structures) Income allocations and expense accruals
- Ensure accuracy of investor records, flows, and capital balances within operational systems
- Oversee related third-party service providers
- Ensure compliance with prescribed accounting framework and governing documents
- Support preparation and review of financial statements and regulatory reporting
- Partner with Investor Relations and Transfer Agent on dealing date workflows, investor communications, and reporting
- Partner with Treasury, Product, and Governance, and Investment teams on liquidity forecasting and cash management
- Partner with Capital Formation, Legal, Tax, and other teams on fund structuring considerations for evergreen vehicles and related operational readiness
- Drive design and improvement of operating models, workflows, and controls for semi-liquid funds
- Develop and enhance accounting policies, procedures, and operational controls
Benefits
- retirement plan
- health and wellbeing
- dental
- vision
- 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)
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What This Job Offers
Job Type
Full-time
Career Level
Senior
