What are the responsibilities and job description for the Assistant Fund Controller position at Portfolio Advisors?
About Portfolio Advisors, LLC
Portfolio Advisors is a global private asset manager specializing in the U.S. middle market. We provide tailored private equity, private credit and private real estate investment solutions through a variety of customized programs, including direct, secondary and primary investments, and junior and senior credit. Since our founding in 1994, Portfolio Advisors has served as an active partner to the middle-market community, leading to superior access and value creation for clients and sponsors alike.
In 2023, Portfolio Advisors combined with FS Investments, a pioneer in the democratization of alternative assets. Together, we manage over $83 billion in assets and offer a broad suite of alternative strategies to both institutional and individual investors. The combined company has more than 500 employees across offices in the U.S., Europe and Asia, with headquarters in Philadelphia and Darien, CT.
Portfolio Advisors is seeking a valuable fund controller to assist with the accounting, reporting, and operations of our Funds and oversee our Fund Administrators. The ideal candidate should be detail-oriented, a team player, and capable of prioritizing and multitasking in a fast-paced environment. This role works closely with our Fund Controllers and reports directly to the Chief Financial Officer - Funds.
About the job:
- Oversee quarterly and year-end close activities for assigned Funds, including work paper review, financial statements, and account reconciliations
- Review and approve Fund capital calls and distributions, including investor calculations and notices.
- Review and approve Fund management fee calculations.
- Oversee Fund administrators for assigned Funds, addressing operational and accounting questions as they arise.
- Assist with managing and coordinating Fund audits for assigned Funds, including detailed review of financial statements.
- Communicate effectively with senior management, external auditors, Fund Administrators, bankers, and tax accountants.
- Address investor questions and ad hoc requests as they arise.
Job requirements:
- 5 years of progressive work experience in the private sector.
- Strong understanding of Fund accounting.
- Financial services experience preferred.
- B.S. in Accounting or Finance.
- Strong Microsoft Office skills.
- Ability to multi-task and be hands-on.
- Ability to meet deadlines.
- Public/private mix preferred.
Portfolio Advisors is an Equal Opportunity Employer.
Portfolio Advisors does not accept unsolicited resumes from recruiters or search firms. Any resume or referral submitted in the absence of a signed agreement is property of Portfolio Advisors and no fee will be paid.
