Job Opportunity
VP – Fund Controller
Hamilton Lane | Philadelphia, PA
Job Summary
Oversight of the day-to-day operations of the firm’s fund accounting and valuation function, including team management and oversight of outsourced resources. Undergraduate degree. CPA license. 8+ years fund accounting experience.
Details
Hamilton Lane is looking to expand our team to satisfy the needs of our growing client base. Hamilton Lane is built on collaboration, teamwork and integrity. Our employees pursue excellence and always strive to do the right thing. We invest in our employees, clients and partner relationships, as well as in the technology and resources necessary to remain competitive, working in a competitive environment that inspires innovation.
What We Do
As a recognized leader in providing Private Markets Solutions to clients across the globe we manage approximately $130 billion in discretionary assets and have oversight of an additional $810 billion in non-discretionary assets as of June 30, 2024.
The Opportunity
The Fund Controller/Fund Accounting Function is a leadership position responsible for the oversight of the day-to-day operations of our fund accounting and valuation function, including team management and oversight of outsourced resources.
Responsibilities:
* Oversee annual audits
* Review and final approval of annual and quarterly financial statements, tables, and footnotes for 70+ private equity funds and feeder vehicles
* Implement and oversee accounting processes and system of internal controls completed by internal staff and outside resources
* Ensure continuous improvement of processes surrounding the financial reporting process
* Oversee the review and approval processes for management fee and partnership expenses calculations and invoices,
* Manage all third-party administrators and vendor relationships pertaining to fund vehicles
* Work with the company department managers to meet goals, including company corporate reporting deadlines, efficient management of investment fund lines of credit, etc.
* Coordinate/oversee tax filing process (quarterly or periodic withholdings for non-U.S. limited partners – Forms 1042/8804) and annual Federal and state tax filings (completed by the external accounting firms)
* Final review and approval of accounting positions in memos
* Review valuations of investments and present conclusions to valuation committees
* Develop and monitor annual department budget and forecasts
* Present functional capabilities to the clients and prospects, participate in periodic Back Office Best Practice events for clients and others
* Manage, coach, and develop the reporting staff
Background:
* Undergraduate degree (B.A., B.S. or B.B.A.)
* CPA required
* 8+ years’ fund accounting experience
* Complete understanding of carried interest terms and calculations
* Accomplished at financial statement preparation and presentation
* Leadership of a fund accounting or similar function
* Excellent interdepartmental relationship skills
* Knowledge of private equity fund services industry preferred
* Proficient in Microsoft applications (Word, Excel, PowerPoint)
* Detail-oriented and organized
* Excellent analytical skills
* Excellent communication and presentation skills
Click here for details on this job
- Job Reference #: R002563
- Min Education: BA/BS
- Min Experience: 8 years