Product Controller – Oversee accounting & admin of mutual funds – Fund accounting
Beta Search Inc
Stamford, CT
Product Controller
The Role: The Product Controller will be responsible for product control, risk management, accounting and fund oversight, custody, treasury, and financial reporting activities of various product offerings (i.e. alternative closed-end investments funds and open-end mutual funds), and monitor various fund programs. Duties also include activities related to creating, presenting and maintaining various reports to the Board of Trustees, sub advisors, and management. The role requires periodic presence in Stamford, CT. where the team is based.
Core Responsibilities:
- Oversee accounting and administration of various registered mutual funds and alternative closed-end funds including, but not limited to, interval funds and tender offer funds.
- Lead the operational team effort to create and launch new alternative evergreen funds
- Work closely with Affiliates to establish the operating model to effectively support the strategy of the funds and the investments held
- Review Regulatory filings including monthly, quarterly, semi-annual and annual shareholder reports and Form N-1A and Form N-2 (prospectus and SAI updates).
- Manage and coordinate the Funds’ annual audits.
- Manage relationships and monitor effectiveness of all third parties providing services to the Funds.
- Design of internal controls and procedures around financial reporting.
- Risk analysis and control to mitigate risk in operational effectiveness.
- Prepare and present quarterly Board materials including materials for the annual 15c meeting.
- Monitor and implement new accounting standards and financial reporting requirements.
- Support various product initiatives and oversee operational execution of mergers, liquidations, proxies and various share class changes.
Qualifications and Attributes:
- Strong knowledge of alternative evergreen funds and related fund accounting and financial reporting rules and regulations including knowledge of alternative security types and transactions (e.g., private investment funds, private debt, call and distribution notices, and review of offering documents).
- General knowledge of private investment valuation.
- Strong analytical and problem-solving skills.
- Highly motivated individual, self-starter who can excel in a fast-paced environment both independently as well as within a team environment.
- Pro-active team player with strong work ethic, collaborative attitude, professional demeanor, and confidence to ask questions.
- Strong written, oral communication and presentation skills are required.
- Ability to exercise discretion and maintain confidentiality.
- Supports the firms values and treats others with respect and consideration.
- Detail oriented, organized, ability to plan/prioritize and take initiative.
- Proficient in Microsoft Office (specifically Excel) and able to learn and use other programs and systems.
- Bachelor’s degree in accounting or finance required, CPA preferred.
- Minimum 10-15 years’ experience is required
Ideal Skillset/Experience: (Bold items most critical)
40 Act regulatory requirements
Accounting expertise
- Fund accounting (NAV Oversight) – Traditional/Alternative
- Fund Auditing
- Fund filings (financial reports, pro’s)
- Tax knowledge
- Fund Distributions/Yield analysis
Fund Operations & Structures
- Transfer agency (onboarding, tenders)
- Interval Funds
- Tender Funds
- Private Funds
Credit Facilities/liquidity management
Investment knowledge of Private Assets (PE, Credit, Infra, RE)
Experience working with Portfolio Managers
Valuation methodologies for alternatives:
- Private credit
- Private equity
- Private Infrastructure
- Real estate
- Hedge funds
- Daily/monthly frequency
Risk management/internal controls
New Product development experience
Project management
Analytical skills
Problem solving skills
Process optimization:
- Outsourcing
- Automation
- AI integration
People management and development
Collaboration and teamwork skills
Organizational development
Board/Management presentation experience
Executive presence
Oral and Written Communication