Vaco

Client: Financial Services – Asset Management Firm

Role: Assistant Controller

Salary: $140,000 - $170,000/annually

Location: New York City – On-site 5 days a week

About the Role: Our client is seeking a detail-oriented and proactive Assistant Controller to join their team. This role is ideal for someone with a strong background in accounting who thrives in a dynamic, fast-paced environment and enjoys working across a variety of operational and financial functions. This person MUST have a background in public accounting. A mix of public/private experience is ideal. CPA or CPA track.

Responsibilities:

• Generate and distribute daily performance summaries for a major client.
• Perform daily cash reconciliations between brokerage platforms and internal portfolio systems.
• Conduct monthly reconciliations for brokerage accounts tied to separately managed portfolios.
• Review and reconcile monthly NAV statements from fund administrators.
• Manage monthly bank reconciliations for the management company.
• Oversee the full cycle of accounts payable and receivable processes.
• Process vendor invoices and ensure timely payments.
• Support a recurring alternative investment reporting project for a high-net-worth client.
• Assist in the preparation and review of quarterly reports for managed accounts.
• Create and issue quarterly and annual billing schedules and invoices for both managed accounts and family office clients.
• Update valuations for alternative investments based on capital activity and fund statements.
• Prepare and distribute capital statements and investor letters for private equity vehicles.
• Draft annual financial statements and supporting documentation for fund audits.
• Coordinate with external auditors and compile necessary documentation for custody audits.
• Support the Controller with general ledger maintenance, journal entries, and account reconciliations.
• Generate ad-hoc financial reports for the research and portfolio management teams.
• Assist with trade execution and post-trade reconciliation for managed accounts.
• Investigate and resolve trade discrepancies between brokers and custodians.

Qualifications:

• Bachelor’s degree in Accounting, Finance, or a related discipline; CPA or CPA track preferred.
• Minimum of 5 years of relevant experience within asset management, financial services, or public accounting.
• Public accounting experience is a must have.
• Solid understanding of GAAP and financial reporting standards.
• Proficiency with accounting platforms (e.g., QuickBooks, Advent, or similar).
• Advanced Excel capabilities, including financial modeling and data analysis.
• Strong analytical, organizational, and communication skills.
• Ability to manage multiple priorities independently and meet deadlines in a high-volume environment.