Wellington Management | Lead Fund Controller, Private Markets

Responsibilities

• This is an exciting opportunity to join Wellington’s private investment-focused fund operations team dedicated to our rapidly expanding private equity business.
• Fund Control & Operations - Private Funds (“FC&O”) plays a vital role in Wellington’s private funds business and is responsible for fund operations encompassing fund accounting, treasury, and financial reporting.
• The team supports multiple vintages of Wellington’s private equity, private credit, and co-investment funds with over $9.1 billion in PE assets and growing.
• This role requires frequent collaboration with other Wellington teams and external service providers (e.g., Fund Administrators, Auditors, Product Management, Private Investment Deal Teams, Investor Relations).
• The Fund Controller will report to the team’s Manager of the Private Funds’ Fund Control & Operations team.
• Ensuring accounting and presentation is consistent with U.S. GAAP and Limited Partnership Agreements.
• 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.
• 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.
• 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.
• Help to enhance and expand the internal accounting and finance policies and procedures to ensure best practices are always being followed

Requirements

• Undergraduate degree in accounting or finance; completion or progress towards a CPA, CFA, or MBA is strongly favored.
• 8+ years of experience with an alternative investment firm, public accounting firm, and/or fund administrator, including at least 3 years of experience in private credit and/or private equity fund accounting and operations.
• 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; experience with or a desire to develop skills in Tableau, PowerBI, Alteryx is strongly favored.
• 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.
• We are dedicated to building and maintaining a diversified workforce and considering a broad array of candidates with a variety of skill, workplace experiences, and backgrounds.
• Knowledge of partnership accounting, closed-end fund structures (closes, capital calls, distributions), fee structures (management fees, carried interest, claw back), and private equity and/or private credit investment transactions

Wellington Management

Wellington Management is an employer hiring in the United States (sector: BFSI / Investments / Insurance).

Its finance, accounts, audit and tax openings in the United States are mostly in Boston.

• Industry: BFSI / Investments / Insurance