Lead Fund Controller, Private Funds
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 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 activities, reviewing financial statements, and providing information for ad hoc analyses. The role also involves serving as a control point and subject matter expert for semi-liquid fund operations, helping to 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.
- 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)
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What This Job Offers
Job Type
Full-time
Career Level
Senior
