Fund Accountant Jobs in Boston, MA

About us

Wellington Management offers comprehensive investment management capabilities that span nearly all segments of the global capital markets. Our investment solutions, tailored to the unique return and risk objectives of institutional clients in more than 60 countries, draw on a robust body of proprietary research and a collaborative culture that encourages independent thought and healthy debate. As a private partnership, we believe our ownership structure fosters a long-term view that aligns our perspectives with those of our clients.

About the Role

Position Overview

We are seeking a highly motivated and results-driven experienced fund controller to join Wellington’s private investment focused Fund Control & Operations team to support the launch and ongoing operations the Private Investment platform’s semi-liquid private investment strategy, Venture Growth Evergreen. This is a unique opportunity to play a leading role in a new and growing segment of the Private Investment and Fund Services platforms.

The Lead Fund Controller will oversee end-to-end fund operations for assigned semi-liquid vehicles, including:

• Day-to-day activities relating to accounting, reporting, and fund operations of an open-ended private investment fund
• Partnering with third-party fund administrator and other teams across the firm to strike monthly NAVs
• Validating NAV-impacting activity including, but not limited to, public and private investments, subscription and redemption activity, management and performance fees, expenses, and NAVs of other entities within the fund structure
• Assisting with the review of financial statements and other recurring filings
• Support the Product Team, Investor Relations, Tax, Compliance, and other teams by supplying information to address queries and conducting ad hoc analyses related to the activity of funds or investors
• Serving as a control point and subject matter expert for semi-liquid fund operations, helping design and scale operational infrastructure for Wellington’s growing evergreen platform

Key Responsibilities

Oversee monthly NAV process, including review of administrator outputs and validation of:

• Complex private portfolio company and/or private credit transactions as well as public investment transactions
• Portfolio valuation inputs and fair value adjustments
• Management fee and performance fee calculations (including high-water mark / incentive fee structures)
• Income allocations and expense accruals
• Ensure accuracy of investor records, flows, and capital balances within operational systems
• Oversee related third-party service providers
• Ensure compliance with prescribed accounting framework and governing documents
• Support preparation and review of financial statements and regulatory reporting
• Partner with Investor Relations and Transfer Agent on dealing date workflows, investor communications, and reporting
• Partner with Treasury, Product, and Governance, and Investment teams on liquidity forecasting and cash management
• Partner with Capital Formation, Legal, Tax, and other teams on fund structuring considerations for evergreen vehicles and related operational readiness
• Drive design and improvement of operating models, workflows, and controls for semi-liquid funds
• Develop and enhance accounting policies, procedures, and operational controls

Qualifications

• BS (or above) in Accounting or Finance is required
• CPA license is preferred but not required
• 7+ years of relevant experience in private funds, including fund administrator, public accounting, or asset manager
• Strong experience with investment company accounting, ideally with proficient understanding of accounting for both public and private investments
• Strong experience with open-ended fund structures, including multi-share class funds
• Proficient knowledge of US GAAP and general understanding of other accounting frameworks (e.g., Lux GAAP, IFRS)
• Experience overseeing third-party administrators
• Advanced Excel skills; familiarity with data/reporting tools is a plus

Attributes

• Self-motivation and commitment to excellence in their work
• Ability and desire to operate in a high-growth, evolving product environment
• Strong control mindset with focus on accuracy, risk management, and process improvement
• Excellent collaborative and intrapersonal skills
• Strong organizational skills with ability to manage concurrent ongoing workflows (NAV + flows + reporting)
• Intellectual curiosity and ability to solve complex structural, operational, and accounting challenges

Not sure you meet 100% of our qualifications? That’s ok. If you believe that you could excel in this role, we encourage you to apply and welcome a chance to review your background. We are dedicated to building and maintaining a diversified workforce and considering a broad array of candidates with a variety of skill, workplace experiences, and backgrounds.

As an equal opportunity employer, Wellington Management ensures that all qualified applicants will receive equal consideration for employment without regard to race, color, sex, sexual orientation, gender identity, gender expression, religion, creed, national origin, age, ancestry, disability (physical or mental), medical condition, citizenship, marital status, pregnancy, veteran or military status, genetic information or any other characteristic protected by applicable law. If you are a candidate with a disability, or are assisting a candidate with a disability, and require an accommodation to apply for one of our jobs, please email us at GMWTalentOperations@wellington.com.

At Wellington Management, our approach to compensation is designed to help us attract, inspire and retain the best talent in our industry. We strive to pay employees fairly and competitively across all levels and roles. Our approach to compensation considers all aspects of total compensation; all employees are eligible to receive salary, variable compensation, and benefits. The base salary range for this position is:

USD 90,000 - 180,000

This range takes into account the wide range of factors that are considered when making compensation decisions, including but not limited to skill sets; role; skills and experience; certifications; and education. This range is an estimate, and further details on salary and total compensation aspects will be shared with candidates during the recruitment process.

Base salary is only one component of Wellington’s total compensation approach. Other rewards may include a discretionary Corporate Bonus and/or Incentives, if eligible. In addition, we offer a comprehensive and high value benefit package to meet the unique needs of our employees and their families, and we are committed to fostering a flexible work environment that enables employees to thrive personally and professionally. Examples of our benefits include retirement plan, health and wellbeing, dental, vision, and pharmacy coverage, health savings account, flexible spending accounts and commuter program, employee assistance program, life and disability insurance, adoption assistance, back-up childcare, tuition/CFA reimbursement and paid time off (leave of absence, paid holidays, volunteer, sick and vacation time).

We believe that in person interactions inspire and energize our community and are essential to our culture. In support of this commitment, our employees work from our offices 4 days a week with flexibility to work remotely 1 day a week. We believe that this approach ultimately supports our mission to deliver investment excellence to our clients and their beneficiaries over the long term.