Fund Equity Controller Contract

Fund Equity Controller Contract

Position Overview

We are seeking an experienced Fund Equity Controller with a strong background in private equity fund accounting, financial reporting, and fund operations. The individual will primarily oversee private equity fund activities while also supporting internally managed hedge funds and separately managed accounts.

The successful candidate will bring a comprehensive understanding of complex fund structures, partnership agreements, and investor economics. Areas of responsibility include capital activity, distribution waterfalls, carried interest, investor allocations, management and incentive fees, investment valuations, financial close and reporting cycles, fund expense management, regulatory filings, and daily profit and loss reconciliations for applicable investment strategies.

This position requires strong technical accounting knowledge, attention to detail, and the ability to coordinate effectively with internal stakeholders, fund administrators, and external auditors.

Employment specifics:

• Employment Type: 6-month rolling contract with a very strong possibility of conversion to full-time.
• Location Requirements: Must currently reside in the New York tri-state area (NY, NJ, or CT) and Must be able to commute to Jersey City, NJ, three days per week.
• Compensation: $85/hr W2 - $95/hr C2C/1099
• Work Authorization: Must be legally authorized to work in the United States. No visa sponsorship or transfer available.
• Third parties: are NOT invited to participate, no third-party submissions. No third-party submissions.

Key Responsibilities

• Coordinate and support annual external audits, ensuring all requested schedules, documentation, and supporting materials are delivered accurately and within established deadlines.
• Examine annual financial statements, verify supporting schedules and workpaper reconciliations, and identify areas requiring clarification, adjustment, or additional analysis.
• Oversee the review of monthly Net Asset Value (NAV) reporting packages prepared and distributed by third-party fund administrators.
• Evaluate private equity investment accounting records and valuation documentation, including original investment cost, realized and unrealized performance, portfolio company transactions, and consolidation of fund-level financial information, where applicable.
• Oversee the calculation and review of investor capital activity, including capital commitments, capital calls, distributions, remaining unfunded commitments, and cash sources and applications. Ensure investor communications and notices comply with governing fund documentation.
• Monitor fund operating expenses, review supporting invoices, and coordinate payment processing.
• Work closely with Investor Relations, Middle Office, Tax, Legal, fund administrators, and independent auditors to facilitate accurate and timely monthly, quarterly, and annual reporting.
• Prepare and validate investor allocation calculations, management fee schedules, contractual fee offsets, incentive compensation, and carried interest accruals and distributions in accordance with applicable partnership agreements.
• Design, maintain, and independently validate fund distribution waterfall calculations. Ensure proper treatment of return of contributed capital, preferred returns, contractual hurdles, general partner catch-up provisions, carried interest participation, and clawback requirements

Pay: $85.00 - $95.00 per hour

Expected hours: 40.0 per week

Benefits:

• Dental insurance
• Health insurance
• Paid time off
• Vision insurance

Application Question(s):

• LinkedIn profile is required, please provide link:
• Do you CURRENTLY reside in the New York tri-state area (NY, NJ, or CT):
• Do you now or will in the future require Visa Sponsorship (Y/N):

Work Location: Hybrid remote in Jersey City, NJ 07307