Assistant Controller

  • Location
    New York
  • Posted
  • Start Date
  • Salary
    Up to USD250000 per annum + medical insurance
  • Expiry Date

Main Responsibilities:

  1. Financial Reporting:
    • Prepare and review financial statements, including balance sheets, income statements, and cash flow statements, in compliance with GAAP (Generally Accepted Accounting Principles) and relevant industry standards.
    • Assist in the preparation of investor reports, including fund performance summaries, capital account statements, and other required financial information.
    • Collaborate with the Controller to ensure accurate and timely submission of financial reports to investors, regulatory bodies, and other stakeholders.
    • Conduct regular reviews and analysis of financial data to identify trends, variances, and areas for improvement.
  2. Fund Accounting:
    • Assist in the maintenance of the general ledger, ensuring accurate recording of transactions, reconciliations, and supporting schedules.
    • Monitor and review fund expenses, including management fees, carried interest, and capital calls and distributions.
    • Coordinate with the investment team to ensure timely and accurate recording of portfolio investments, valuations, and performance metrics.
    • Support the preparation of fund financial statements, investor capital calls, and distribution notices.
  3. Tax Matters:
    • Possess a solid understanding of tax matters related to private equity, including partnership taxation, fund structures, and tax compliance requirements.
    • Collaborate with the tax department or external tax advisors to ensure accurate and timely preparation and filing of tax returns for the private equity funds and related entities.
    • Assist in analyzing the tax implications of fund structures, investment strategies, and exit strategies.
    • Monitor changes in tax laws and regulations affecting the private equity industry and communicate updates to the Controller and relevant stakeholders.
    • Provide support during tax audits or inquiries, working closely with the tax department and external auditors.
  4. Internal Controls and Compliance:
    • Develop and implement internal control procedures to safeguard assets, detect and prevent fraud, and ensure compliance with regulatory requirements.
    • Perform periodic internal audits to assess the effectiveness of internal controls and identify areas for improvement.
    • Collaborate with the Compliance team to ensure adherence to applicable laws, regulations, and industry guidelines.
    • Support external audits and regulatory examinations, providing requested documentation and explanations as needed.
  5. Operational Support:
    • Assist in the implementation and maintenance of accounting systems, software, and processes to streamline operations and enhance efficiency.
    • Collaborate with other departments, such as Investor Relations and Legal, to address accounting-related inquiries and provide financial insights as needed.
    • Support the Controller in ad-hoc financial analysis, forecasting, and budgeting activities.
    • Stay up-to-date with industry trends, accounting standards, and regulatory changes affecting the private equity sector.


  • Bachelor’s degree in Accounting, Finance, or a related field. CPA (Certified Public Accountant) designation preferred.
  • Work from the office 5 days a week is required (although we are flexible and understanding in terms of personal matters).
  • Minimum of 4-5 years of relevant accounting experience, preferably at Big 4 accounting firm and/or another private equity or hedge fund.
  • Strong knowledge of GAAP and experience with financial reporting requirements.
  • Proficiency in accounting software and systems, such as Excel or other similar tools.
  • Excellent analytical skills and attention to detail, with the ability to identify and resolve complex accounting issues.
  • Solid understanding of private equity fund structures, including carried interest, capital calls, and distributions.
  • Strong organizational and time management skills, with the ability to prioritize and manage multiple tasks simultaneously.
  • Excellent communication and interpersonal skills, with the ability to collaborate effectively with cross-functional teams.
  • Demonstrated integrity and ability to handle sensitive and confidential information appropriately.
  • Knowledge of relevant regulatory frameworks, such as SEC regulations.

The SR Group (UK) Limited is acting as an Employment Agency in relation to this vacancy.

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