What are the responsibilities and job description for the Fund Controller position at LHH?
Our client is an investment management firm, headquartered in Chicago. They are seeking to hire a Fund Controller. This person will work a hybrid (2 to 3 days) in office schedule. The company offers exceptional benefits and good work life balance. They are doing well financially and growing.
RESPONSIBILITIES
- Responsible for the semi-annual and annual fund financial reporting and periodic financial filings of the infrastructure interval fund (N-CSR, N-Port, etc.). Includes running a reporting calendar, managing fund service providers, and planning and facilitating the annual fund audit.
- Support the Funds, ensuring compliance with relevant regulatory requirements, including SEC regulation and US GAAP standards of accounting.
- Oversight of the daily valuation process, coordinating with the valuation and accounting teams, the third-party valuation firm, and the fund administrators, to ensure valuations updates are reflected in the daily net asset value of the Funds.
- Management of the day-to-day accounting and operations of the Funds including:
- Reconciling and recording of investment and investor activity.
- Preparation and oversight of the fund expense budget, monitoring of the expense cap as well as any reimbursements related to expense support payments due to the Advisor.
- Calculation and review of the daily management fee and quarterly payment due to the Advisor.
- Management of the funds’ cash balances, investment and investor activity, and overall fund liquidity to ensure investment and investor transactions are appropriately settled in coordination with the GCM treasury team.
- Assistance with the Board of Directors quarterly meeting, including any advance preparation of financial materials.
- Preparation and distribution of monthly advisory entity financial statements prepared in accordance with US GAAP and under existing SOX regime requirements in accordance with GCM’s monthly accounting close calendar.
- Creation and coordination of SEC compliant expense allocation policy and time tracking process to ensure reimbursable expenses of the advisor are properly tracked and recovered from the Funds.
- Management of quarterly distributions in accordance with governing documents.
- Review of consolidation analysis on a periodic basis and coordination of annual audit if required.
- Assist in advisor compliance related to SEC registrations.
- Preparation of annual budget and ongoing financial forecasting.
EDUCATION, SKILLS AND EXPERIENCE REQUIREMENTS
- BA/BS in Accounting with outstanding academic credentials; CPA required!
- 8 years of professional experience in investment management accounting and operations; prior experience in Big 4 public accounting (manager-level or above) preferred.
- Background in the financial services industry required; knowledge of the alternative asset management industry a plus.
- Experience working in the mutual fund industry and familiarity with the regulatory requirements of the Investment Company Act of 1940 and SEC regulations highly preferred.
- Demonstrated leadership abilities and strong managerial skills, with the ability to supervise and develop a team.
Salary : $180,000 - $350,000
