Fund Controller Job Description
Fund Controller Duties & Responsibilities
To write an effective fund controller job description, begin by listing detailed duties, responsibilities and expectations. We have included fund controller job description templates that you can modify and use.
Sample responsibilities for this position include:
Fund Controller Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Fund Controller
List any licenses or certifications required by the position: CPA, CFA
Education for Fund Controller
Typically a job would require a certain level of education.
Employers hiring for the fund controller job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Accounting, Finance, Education, Real Estate, Business/Management, Business, Economics, Graduate, Foundation, Administration
Skills for Fund Controller
Desired skills for fund controller include:
Desired experience for fund controller includes:
Fund Controller Examples
Fund Controller Job Description
- Prepare of regular and ad hoc financial information for external investors
- Daily monitoring of the funds’ fund-of-fund and private equity investments
- Daily pricing of the portfolio based on external manager estimates and NAV statements
- Monitoring capital calls and distributions, fund expenses and fees
- Coordinating with the funds’ middle and back office third party administrator to ensure accurate reporting
- Reviewing the fund-of-fund and private equity investments’ impact on monthly Tradable NAV, which involves a high level of oversight and review
- Ensure the timely delivery of accurate GAAP-based financial statements to fund investors
- Review all applicable legal documents for understanding of all arrangements that impact the financial reporting for the investments and the funds
- Manage accounting responsibilities with respect to the models maintained for the funds and their investments
- Maintaining the internal profit and loss and AUM files
- Experience in Investment/Fund/Financial Services Industry
- 2+ years in supervisor role with direct reports - leadership & mentoring skills
- Experience in annual budgeting and planning, cash flow projections, accounting policies and procedures
- Fund investment and related activities (75% of the job)
- 2 to 4 years of Product Control experience in Investment Bank or Investment Management
- Strong product knowledge in Rates products, Credit Products, Equity, FX and Securities
Fund Controller Job Description
- Assisting with the review of the monthly NAV package prepared by the administrator
- Assisting the firm's Controller with the interim / year end audit and tax process for the firms funds
- Manage the month end close process - forecast, ledger close and understanding of actuals vs
- Review fund expense ratios and make sure they are in line with the projected budget
- Lead tactical and strategic projects, including the launch of new funds, adoption of new regulations, implementation of new systems and services, continuous improvements
- Set and drive the controller agenda for relevant areas within CFS APAC working closely together with other finance teams other groups, incl
- Participate in monthly close activities including but not limited to review of financial data, investigating significant variances and transactions, fluctuation analysis, preparation of financial reporting deliverables, preparation of estimate accruals, entry processing, perform reconciliations and general ledger substantiation
- Responsible for the month end close process for NAMR - forecast, ledger close and understanding of actuals vs
- Interact with the funds’ Administrator to ensure quarterly financial reporting is complete, accurate and timely (includes reporting of Level 3 fair value marks)
- Product the funds’ quarterly investor presentations with particular focus on performance reporting (IRR, GIPS & yield calculations)
- CPA is a plus not a must
- Accountancy qualifications
- Investment partnership and fund accounting experience required
- Experience with project management delivery principals/methodologies a plus
- At least 5 years' experience in an asset management finance role, either in the asset management practice at a top accounting firm or in-house as previous COO or CFO of a boutique fund manager
- Asset management industry awareness and industry contact network
Fund Controller Job Description
- Manage the annual audit process with the funds' Auditor and Tax Preparer
- Manage capital calls & fund closings with the funds' Administrator
- Review and approve all individual investor statements
- Recommend, develop and document new procedures and systems to improve operating and accounting efficiency of the department
- Lead/participate in projects and working groups on risk related topics and developments
- Daily valuation of OTC derivatives, including complex structured products
- Daily monitoring and management of collateral positions
- Monitor investment compliance with legal requirements, prospectus, internal policies and guidelines
- Review financial statements, ensuring accordance with US GAAP
- Fund accounting and reporting
- 2-5 years’ experience in investment partnership and fund accounting experience required
- Audit and financial reporting experience or fund administration experience preferred, CPA a plus
- Knowledge of global multi-asset markets, products and processes a plus
- Must be able to effectively manage a team to ensure completion of company objectives
- 3+ years of experience out of a Hedge Fund, Hedge Fund Administrator, and/or Public Accounting firm
- Previous experience with Hedge Fund Accounting, Net Asset Value, and Month-end Close
Fund Controller Job Description
- Capital allocations
- In charge of the complete month-end close activities
- Review and analyse fund profit and loss accounts on a daily basis based on market moves and risk sensitivities of the products
- Calculate Net Asset Value (NAV) of funds on a daily, weekly and monthly basis and validate accrued income and expenses
- Take on a leadership role within the team to manage issues, deliver change and grow the remit and expertise of the team
- Understand full front to back process to add value beyond the core middle office accounting remit
- Manage the forecasting process on BS and Capital reporting for Global CFS
- Perform and review Capital computations across multiple binding constraints for the products covered by the Global CFS business
- Investigate and explain business drivers underpinning significant movements in BS and Capital for senior management, LEC’s, Corporate Reporting, CIBT, front office
- Implement and own a new BS governance process in close partnership with the front office
- Good communication skills – ability to tailor style and content as appropriate
- College degree (MBA/CPA preferred)
- Hedge Fund or Fund of Funds Experience
- Strong Understanding of Financial Analysis and Accounting Principles
- Public accounting experience (2-3 years minimum)
- 3+ years’ experience in real estate investment accounting - Fund level and property level
Fund Controller Job Description
- Manage relationship with third party fund administrator and auditor managing year end tax and audit process flow
- Represent the accounting department on the internal pricing committee that manages internal pricing standards
- Maintain key schedules, including capital schedules, preferred return & interest calculations and fund waterfalls
- Start-up and Pre-launch
- Fund structuring
- Fund and Partner Accounting
- Preparation of Fund Financial Statements
- Preparing partner capital account statements
- Coordinating and supporting the financial statement audit
- Cash management and operations
- Strong GAAP accounting background
- Tax familiarity desired
- Yardi Voyager software experience preferred
- Professional, detail oriented self starter and team player that is able to work well independently, with others
- Practical understanding of private equity and hedge fund mechanics
- 3+ years of real estate investment accounting experience