StepStone is a rapidly growing Global Private Markets firm who provides customized investment and advisory solutions to some of the most sophisticated investors in the world. With $640 billion of total capital allocations, including $143 billion in AUM, we are highly diversified in the private markets across the globe and provide creative solutions to solve for the objectives of any investment program.  With a culture built on entrepreneurialism, partnership and being a team within teams, our firm offers joiners the opportunity to think out loud, collaboratively.

Position Overview:

The Fund Controller will be responsible for management and oversight of the day-to-day accounting and financial statements of the Company’s fund partnership vehicles focused on Private Equity, Real Estate & Infrastructure investments in primary and secondary limited partnership investments and direct equity co-investments. In this position, the Fund Controller will manage a team of accountants and various fund administrators. The Fund Controller will also work closely with the Managing Director, Financial Reporting Group and various investment teams.

Manage and oversee a portfolio of funds, which includes but is not limited to:

• Reviewing all work prepared by team members or the fund administrator
• Review and/or prepare quarterly unaudited and annual audited financial statements in accordance with GAAP and IFRS
• Coordinate preparation of annual audits with outside CPA firm
• Compute partner allocations and produce capital account statements
• Manage process for delivering quarterly and annual investor reports and other ad-hoc communications
• Review performance reports prepared by the SPAR team
• Calculate and distribute investor capital call and distribution notices
• Understand partnership agreements and interpret reporting requirements and partner economics
• Calculate management fees, distribution waterfalls and carried interest
• Respond to investor requests in a timely manner

Support the investment team, which includes:

• Reviewing valuations & managing the valuation process
• Understanding the structure of new investments, including the reporting and tax implications
• Reviewing legal agreements

Manage a team of accounting professionals, including

• Managing the day to day operations of the accounting team
• Coordinating the work of the accountants to ensure the consistency and quality of work produced
• Mentoring and training team members
• Review all work prepared by the team
• Coordinate deliverables across the team to ensure deadlines are met

Perform other duties as required, including but not limited to:

• Review of K-1s and support for tax reporting
• Preparation and review of tax provisions
• Set up of new Funds, including obtaining EIN, tax filings, opening bank accounts
• Support for the compliance reporting, including preparation of materials for ADV, Form PF, SLT, etc.
• Lead department level projects or initiatives

Education and/or Work Experience Requirements:

• Minimum of eight years private equity accounting experience with several years in a management or leadership role.
• Ideal candidates will have experience with SEC registered investment advisors
• CPA preferred
• Big 4 public accounting experience focused on audits of alternative investment funds preferred
• Experience with accounting for private equity partnership and fund of funds
• Experience with private equity and real estate structures
• Previous experience with ASC 820
• Must possess a four-year college degree with a major in Accounting
• Experience working in a fast paced and growing company with demonstrated ability to multi-task and manage priorities against key deadlines

Other Desired Skills/Attributes:

• Strong written and verbal communication skills
• Ability to maintain strict confidentiality of client, investment and company information
• Ability to prioritize activities while working on multiple projections and achieve target deadlines
• Ability to problem solve and leverage technology
• Acute attention to accuracy and detail
• Professional demeanor and an ability to work well in a team environment
• Highly proficient in using Excel, Word, and other Microsoft office programs
• Willingness and ability to learn and implement new programs and processes

Salary Range - $150,000 - $160,000

The salary range is an estimate of pay for this position.  Actual pay may vary depending on job-related factors that can include location, education, skill, and experience.  The salary range does not include any benefits or other forms of possible compensation that may be available to employees.

About us

Working out of 26 offices in 15 countries, StepStone has a truly global viewpoint.  As people are our biggest asset, we offer resources to help our employees reach their full potential.  Our principles are based on integrity, transparency, respect and creativity, which together define how we do business.  

Join us

When you choose to work at StepStone, you'll find a group of professionals who are passionate about anticipating changes, solving problems and working together to make it all happen. Our integrated global team shares insights into how managers think and operate, as well as how they might perform.  

StepStone offers a competitive compensation package including salary and incentive compensation for all full time hires, as well as a comprehensive benefits package.

Benefits

We offer a range of benefits which include comprehensive healthcare, strong retirement plan, a mental health well-being program, paid time off, student loan repayment program for our US office locations, and several wellness initiatives.

Disclaimer / Policy Statements

At StepStone, diversity, equity and inclusion are an integral part of our culture. We are an Equal Opportunity Employer that strives to create an inclusive environment that empowers our employees and allows them to be heard, regardless of title or tenure.  Our organizational community features multiple Employment Resource Groups representing our dedication to Diversity, Equity & Inclusion.  

As an Equal Opportunity Employer, StepStone does not discriminate on the basis of race, creed, color, religion, sex, national origin, citizenship status, age, disability, marital status, sexual orientation, gender identity, gender expression, genetic information or any other characteristic protected by law.

Developing People at StepStone

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