Lead Fund Controller, Private Funds

Wellington Management•Boston, MA

17h•$90,000 - $180,000•Hybrid

About The Position

Wellington Management is seeking an experienced fund controller to join their private investment focused Fund Control & Operations team. This role will support the launch and ongoing operations of the Private Investment platform’s semi-liquid private investment strategy, Venture Growth Evergreen. 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. This includes partnering with third-party fund administrators and internal teams to strike monthly Net Asset Values (NAVs), validating NAV-impacting activity, and reviewing financial statements. The role also involves supporting various internal teams by providing information for queries and conducting ad hoc analyses. The Lead Fund Controller will act as a control point and subject matter expert for semi-liquid fund operations, contributing to the design and scaling of 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.
Self-motivation and commitment to excellence in their work.
Ability and desire to operate in a high-growth, evolving product environment.
Strong control mindset with focus on accuracy, risk management, and process improvement.
Excellent collaborative and intrapersonal skills.
Strong organizational skills with ability to manage concurrent ongoing workflows (NAV + flows + reporting).
Intellectual curiosity and ability to solve complex structural, operational, and accounting challenges.

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.
Validate portfolio valuation inputs and fair value adjustments.
Validate management fee and performance fee calculations (including high-water mark / incentive fee structures).
Validate 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)