Vice President, Fund Controller

Summary

Join StepStone Group LP as a VP, Fund Controller in La Jolla, CA. This role involves managing the day-to-day accounting and financial statements of fund partnership vehicles focused on private equity investments. You will collaborate with various teams, oversee a portfolio of funds, prepare financial statements, and coordinate audits. Responsibilities also include managing investor communications, calculating distributions, supporting the investment team, and performing treasury management functions. The position requires a Bachelor's degree in a related field and 3 years of relevant experience. StepStone offers a competitive compensation package, including salary, incentives, and a comprehensive benefits package.

Requirements

• Have a Bachelor’s degree in Accounting, Finance, Business Administration, Economics, Management Science or a related field and 3 years of experience in the job offered or as an Accounting Manager, Audit Manager or related role
• Review financial statements for funds in alignment with GAAP and IFRS
• Utilize private equity industry knowledge to review investment valuations
• Review cash balances/projections and investment/fund level cash flow activities
• Collaborate with clients, or collaborate with auditors and fund administrators, to complete financial statement audits using GAAS
• Apply Accounting Reporting Standards, including ASC 820 (FAS 157), ASC 946 & ASC 740
• Use knowledge of FIN48 and Valuation Methodologies to evaluate private equity investments
• Employ Securities & Exchange Commission (SEC) and Public Company Accounting Oversight Board (PCAOB) Standards
• Manage subordinate personnel

Responsibilities

• Manage and oversee the day-to-day accounting and financial statements of the Company’s fund partnership vehicles focused on Private Equity investments in primary and secondary limited partnership investments and direct equity co-investments
• Collaborate with the Partner, Head of Fund Accounting and the Private Equity asset management and investment teams
• Manage and oversee a portfolio of funds, including the review of all work prepared by the fund administrator, and reviewing and/or preparing quarterly unaudited and annual audited financial statements in accordance with GAAP and IFRS
• Coordinate the preparation of annual audits with outside CPA firms, and compute partner allocations and produce capital account statements
• Manage processes for delivering quarterly and annual investor reports and other ad-hoc communications
• Calculate and distribute investor capital call and distribution notices, management fees, distribution waterfalls and carried interest, and respond to investor requests in a timely manner
• Support the investment team through running and signing off on the allocation wheel, reviewing valuations and managing the valuation process, providing support for KYC/AML information and other documentation needed for new investments, understanding the structure of new investments, including the reporting and tax implications and reviewing legal agreements
• Perform treasury management functions, including approving wire templates and wires, monitoring the Fund’s cash positions and prepare cash projections as needed and managing the Fund’s line of credit facilities, including arranging borrowings and repayment, quarterly compliance certificates, and reviewing of interest and unused fee calculations

Benefits

• Competitive compensation package including salary and incentive compensation for all full time hires
• Comprehensive benefits package
• Comprehensive healthcare
• Strong retirement plan
• Mental health well-being program
• Paid time off
• Student loan repayment program for our US office locations
• Several wellness initiatives
• May work 100% remotely from anywhere within the USA