Fund Controller, Private Equity – Philadelphia | Build the Finance Platform Ahead of the Next Fund

$175K – $250K total compensation (base + bonus) | Philadelphia, PA (in office)

Controller, Private Equity Fund Finance

Get in before the next fundraise and own the finance function as it scales.

The Opportunity

A Philadelphia-headquartered middle-market private equity sponsor is adding a Controller to its finance team. The firm invests across several flagship funds alongside co-investment partnerships and a handful of separate accounts, and it is preparing for its next fundraise. Roles like this, reporting directly to the CFO with real ownership, visibility to the deal and IR teams, and a mandate to build, don't come around often at firms this size. This person becomes the go-to owner of fund-level accounting and LP reporting and helps build the processes and people the platform will need over the next several years.

What You Will Own

Fund Reporting & Investor Communication

• Quarterly and year-end GAAP financials for each fund and the GP/management company entities.
• LP capital account statements, investor letter financial exhibits, and ILPA-format templates.
• Investor due diligence questionnaires and one-off LP data requests.

Capital Activity & Economics

• Drawdown and distribution notices, including allocation across feeder and parallel vehicles.
• Fee and expense calculations, fee offsets, and carried interest / waterfall modeling.
• Subscription credit facility draws, repayments, and lender compliance reporting.

Controls, Audit & Tax

• Running the year-end audit calendar and serving as lead contact for the audit firm.
• Coordinating with outside tax preparers on partnership returns and Schedule K-1 delivery.
• Oversight of the third-party administrator and review of its deliverables.
• Supporting the CCO on regulatory filings such as Form PF and Form ADV.

Portfolio & Platform

• Quarterly fair value process and valuation committee packages.
• Interpreting LPAs and side letter terms to confirm accurate economics and reporting.
• Fund formation and closing mechanics for new vehicles.
• Hiring, mentoring, and managing a small team of fund accountants.

What We Are Looking For

• Roughly 6 to 10 years in closed-end fund accounting, ideally a mix of audit (Big 4 or national firm) and in-house sponsor or administrator experience.
• Active CPA license preferred.
• Deep comfort with partnership accounting, allocations, and distribution waterfalls.
• Experience leading or developing staff.
• Strong Excel modeling; familiarity with Investran, Allvue, eFront, or a comparable fund system is helpful.
• A clear, confident communicator who can explain the numbers to deal partners and LPs alike.

The best time to join a GP is before the fundraise, not after. Apply below; every conversation is handled discreetly.