Role: Assistant Corporate Controller, NYC (midtown)
Client: Private Credit & Alternative Asset Manager
AUM: $50B+
THE ROLE
Reports directly to the MD/Corp Controller. The Assistant Management Company Controller (Assistant Vice President) will serve as a critical financial leader tasked with overseeing the financial integrity, reporting, and operational scalability of the firm’s management company, its General Partner, advisor, and affiliated entities. This is a high-visibility mandate requiring a strategic tactician capable of navigating complex multi-entity structures, sophisticated fee arrangements, and regulatory environments.
COMPANY OVERVIEW
A high-growth, premier private credit manager. The firm oversees a complex and expanding suite of investment vehicles, including affiliated and managed Business Development Companies (BDCs), Collateralized Loan Obligations (CLOs), and private credit funds.
RESPONSIBILITIES
Financial Operations & Close Management
- Controllership: Own the comprehensive monthly, quarterly, and annual close processes for the management company and associated GP/advisor entities, meticulously managing intercompany activities and complex consolidations.
- Revenue Recognition: Direct revenue recognition protocols across a diverse income stream, including management fees, incentive fees, carried interest, and Leveraged Finance fee income. Provide review of fee calculations across all funds, BDCs, and SMAs.
- Treasury & Liquidity: Oversee cash management functions for the management company. Drive accurate cash forecasting, intercompany settlements, and strategic capital planning across the organizational footprint.
Strategic Reporting & Audit
- Financial Reporting: Prepare and present GAAP-compliant financial statements, dynamic management reporting, and detailed variance analyses to the CFO and executive leadership to drive informed decision-making.
- FP&A Integration: Lead the annual management company budgeting and forecasting cycles. Execute expense allocation methodologies across funds and entities, delivering granular profitability analyses by business line.
- Audit & Tax Optimization: Command the management company audit process. Serve as the liaison with external tax advisors to ensure precise and timely partnership returns, K-1 generation, and entity-level tax filings.
Operational Excellence & Leadership
- Infrastructure & Scalability: Architect, implement, and maintain a best-in-class internal controls environment. Continuously drive process optimization and system enhancements to support the platform’s rapid expansion.
- Cross-Functional Partnership: Collaborate with fund and BDC controllership, legal, compliance, and investor relations teams to navigate expense allocations, launch new investment vehicles, and execute complex regulatory reporting.
- Talent Development: Lead a team of accounting professionals, fostering a culture of precision and continuous improvement.
REQUIREMENTS
- Experience Base: 5+ years of accounting leadership, (Manager or Assistant Vice President) ideally anchored by Big 4 accounting experience and tenure within a alternative asset manager.
- Domain Expertise: Direct corporate controllership or management company accounting experience within a private credit, private equity, or hedge fund.
- Technical Acumen: Deep, demonstrable command of US GAAP, advanced revenue recognition, multi-entity consolidation, and equity method accounting. Granular understanding of complex fee structures (management fees, incentive fees, carried interest, and clawbacks).
- Regulatory Exposure: Prior exposure to BDCs, 40 Act vehicles, and SEC reporting standards serves as a distinct advantage.
- Execution & Scaling: A proven track record of managing audits and scalable processes and controls within a high-growth, institutional-grade environment.
- Leadership Presence: Exceptional communication required to partner effectively with the CFO, executive management, and external stakeholders.
- Systems Proficiency: Advanced command of Excel; sophisticated user of enterprise general ledger and financial consolidation systems.
- Credentials: Accounting Degree and CPA preferred.
