Position OverviewWe are seeking a highly motivated and results-driven experienced fund controller to join Wellington's private investment focused Fund Control & Operations team to support the launch and ongoing operations the Private Investment platform's semi-liquid private investment strategy, Venture Growth Evergreen. This is a unique opportunity to play a leading role in a new and growing segment of the Private Investment and Fund Services platforms.
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
- Partnering with third-party fund administrator and other teams across the firm to strike monthly NAVs
- Validating NAV-impacting activity including, but not limited to, public and private investments, subscription and redemption activity, management and performance fees, expenses, and NAVs of other entities within the fund structure
- Assisting with the review of financial statements and other recurring filings
- Support the Product Team, Investor Relations, Tax, Compliance, and other teams by supplying information to address queries and conducting ad hoc analyses related to the activity of funds or investors
- Serving as a control point and subject matter expert for semi-liquid fund operations, helping design and scale operational infrastructure for Wellington's growing evergreen platform
Key ResponsibilitiesOversee 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
- Portfolio valuation inputs and fair value adjustments
- Management fee and performance fee calculations (including high-water mark / incentive fee structures)
- 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
Qualifications- BS (or above) in Accounting or Finance is required
- CPA license is preferred but not 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
Attributes- 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
Not sure you meet 100% of our qualifications? That's ok. If you believe that you could excel in this role, we encourage you to apply and welcome a chance to review your background.
