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Wellington Management · 2 months ago

Lead Fund Controller, Private Funds

Boston, MA

Full-time

Hybrid

Senior Level

$100K/yr - $225K/yr

7+ years exp

Wellington Management offers comprehensive investment management capabilities and is seeking a Lead Fund Controller to join their private investment-focused fund operations team. This role involves overseeing various functions for Wellington’s Private Investment Funds, including NAV oversight, annual audits, capital calls, and investor support.

AdviceAsset ManagementFinanceFinancial ServicesInsurance

H1B Sponsor Likely

Responsibilities

Oversee the quarterly NAV and financial statement process for assigned funds, reviewing work prepared by our third-party administrator, including:

Complex private portfolio company and/or private credit transactions

Waterfall and carried interest calculations

Tiered management fee arrangements

Gross and net IRR calculations

Ensuring accounting and presentation is consistent with U.S. GAAP and Limited Partnership Agreements

Assist with the funds’ day-to-day operations, including:

Planning and coordination of capitals calls and distributions, including reviewing calculations and notices produced by our third-party administrator

Oversight of fund fees and expenses

Cash and capital management and coordination of deal funding

Oversee annual audit process for assigned funds, coordinating with fund administrator and auditors

Contribute industry and operational knowledge to product development and new fund launches

Help to enhance and expand the internal accounting and finance policies and procedures to ensure best practices are always being followed

Assist Investment, Investor Relations, Tax, and Compliance teams, among others, provide information and data to respond to queries and perform ad hoc analyses based on the funds’ or investors’ activity

Develop relationships with Wellington’s centralized teams and external service providers

Lead and support projects, both large and small, associated with the funds, Wellington’s operational and systems infrastructure, and service providers

Perform peer review of other team members and oversight of junior team members

Qualification

CPACFAPrivate equity accountingUS GAAPAdvanced ExcelFund accountingFinancial reportingCommunication skillsProblem-solvingTeam-orientedAttention to detail

Required

Undergraduate degree in accounting or finance

7+ years' experience from an alternative investment firm, public accounting firm, and/or fund administrator

4+ years' experience with private credit and/or equity fund accounting and operations

Knowledge of partnership accounting, closed-end fund structures (closes, capital calls, distributions), fee structures (management fees, carried interest, clawback), and private equity and/or private credit investment transactions

Proficient knowledge of US GAAP and ability to research and apply technical accounting and financial statement presentation rules

Experience in one or multiple private asset classes (private equity, credit, real estate, infrastructure)

Experience with a variety of complex fund structures, such as master-feeders and parallel funds, Luxembourg-domiciled private funds, warehouses, REITs, rated-note feeders, semi-liquid/evergreen structures

Knowledge of open-ended fund structures, including series accounting, performance fees with highwater mark, dealing date cash flows a plus

Knowledge of private investment valuation approaches, methodologies, and related guidance

Advanced Excel skills are required

A client service mindset and strong communication skills

Motivated work ethic and ambition to expand one's knowledge, impact, and role

Strong inclination to develop processes and enhance controls, identifying opportunities for efficiency and risk reduction

Desire and ability to work in a fast-paced, team-oriented environment, performing multiple projects and balancing competing priorities

Natural curiosity and ability to problem-solve, including researching technical accounting topics

Strong intrapersonal skills and a collaborative nature

Acute attention to detail and organizational skills

Preferred

Completion or progress towards a CPA, CFA, or MBA is strongly favored

Experience with or a desire to develop skills in Tableau, PowerBI, Alteryx is strongly favored

Benefits

Discretionary Corporate Bonus and/ or Incentives

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)

Company

Wellington Management

Glassdoor4.1

Wellington Management focuses on investment management by applying its resources to meet the needs of the institutional clients it serves.

Founded in 1933

Boston, Massachusetts, USA

1001-5000 employees

http://wellington.com

H1B Sponsorship

Wellington Management has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

Distribution of Different Job Fields Receiving Sponsorship

Represents job field similar to this job

Trends of Total Sponsorships

2025 (79)

2024 (52)

2023 (62)

2022 (91)

2021 (82)

2020 (62)