Ascension Search Partners is exclusively engaged to hire an experienced and hands-on Fund Controller to own the end to end fund accounting and reporting function. This individual be part of a small but mighty team and will manage the external fund administrator, oversee all financial and operational aspects of the investment funds, and serve as a key partner to the CFO and broader investment and operations team.

This is a fully remote opportunity for an internally motivated, highly skilled fund accounting professional who thrives in an entrepreneurial environment where everyone wears multiple hats and where attention to detail, initiative, and autonomy are essential. The Fund Controller will play a central role in institutionalizing processes and ensuring excellence in fund operations as the firm scales and reports to the CFO.

Key Responsibilities

Fund Accounting & Reporting

• Own the end-to-end fund accounting process, ensuring accuracy, timeliness, and compliance across all investment entities.
• Oversee quarterly and annual financial statement preparation, partner capital statements, and reporting packages.
• Manage and review all work prepared by the external fund administrator, ensuring accuracy of NAVs, allocations, footnotes, and reporting.
• Perform independent calculations of management fees, carried interest, waterfalls, incentive allocations, and preferred returns.
• Maintain and refine internal fund performance metrics, dashboards, and KPIs.

Cash Management & Operations

• Lead pipeline tracking, cash management, and short-term cash forecasting.
• Coordinate and execute capital calls, distributions, and related investor communications.
• Oversee compliance and reporting related to credit facilities, including borrowing bases and bank covenants.
• Ensure adherence to fund governing documents including limited partnership agreements, side letters, and internal policies.

Audits, Tax, and Compliance

• Serve as the primary point of contact for external auditors and tax advisors.
• Coordinate annual audits, interim reviews, and tax filings across fund entities.
• Ensure strong internal controls and proactively review and improve operational processes.
• Support regulatory compliance requirements and best practices within fund finance.

Investment Support

• Partner cross-functionally with the CFO and investment team on deal closings, transaction structuring, and ongoing asset-level support.
• Participate in quarterly valuation processes, including preparation of supporting models and materials for the valuation committee.
• Assist with ad hoc analysis, scenario modeling, and portfolio monitoring.

Investor Relations Support

• Respond to investor inquiries regarding capital accounts, financial reporting, and fund performance.
• Assist with preparation and review of investor communications, quarterly letters, and reporting materials.
• Maintain investor records and support new LP onboarding processes.

Strategic Projects & Scaling

• Develop scalable fund accounting workflows, documentation, and operational improvements.
• Support special projects such as new fund launches, entity formation, internal system selection, and process modernization.
• Contribute to building a best-in-class finance function within a lean and collaborative team.

Skills & Qualifications

• Bachelor’s degree in Accounting;
• CPA required.
• 8–12+ years of progressive experience in:
• Venture capital or hedge fund accounting
• Fund administration
• Or public accounting with a financial services / asset management focus
• Strong understanding of fund structures, waterfalls, management fee mechanics, and capital account maintenance.
• Proven ability to manage and hold accountable third-party service providers.
• Exceptional attention to detail, accuracy, and control orientation.
• Excellent time-management skills with the ability to manage multiple priorities in a lean, fast-moving environment.
• Strong communication skills and a service-oriented approach with investors and internal stakeholders.
• Experience in building or improving fund accounting processes and systems.
• High integrity, sound judgment, and the ability to work independently in a remote environment.

What Makes This Opportunity Unique

• Fully remote role within a collaborative, low-ego culture.
• High autonomy and broad scope — ideal for someone who enjoys being a true owner of the fund accounting function.
• Direct, daily exposure to senior leadership.
• Opportunity to build and scale processes as the firm grows.
• Working within a high-performing environment.