Fund Controller Job Description Template

The fund controller owns the accuracy of the fund’s financial records and supervises the accounting team and the administrator’s work. The role covers NAV oversight, financial statement preparation, audit coordination and the controls that make the numbers defensible. It is the position where accounting judgment matters, particularly around valuation of anything that does not have a screen price.

Typical Duties and Responsibilities

• Own the accuracy of the fund’s books and the monthly NAV
• Review and challenge the administrator’s NAV pack before sign off
• Prepare and review annual financial statements under the applicable standard
• Coordinate the audit and resolve auditor queries
• Own valuation policy application, including hard to value positions
• Review fee calculations, allocations and equalisation
• Maintain the control environment and evidence its operation
• Manage and develop the fund accounting team
• Support investor reporting and operational due diligence questions
• Improve the close process and reduce manual reconciliation

Education

• Bachelor’s degree in accounting or finance

Required Skills and Experience

• 6+ years of fund accounting or audit experience in asset management
• Deep knowledge of investment company financial statements and disclosure
• Experience owning NAV review rather than only preparing it
• Command of valuation policy and fair value hierarchies
• Experience leading an audit process
• Ability to supervise both an internal team and an external administrator
• Strong controls mindset with documented evidence
• Clear communication with auditors, investors and management

Preferred Qualifications

• CPA
• Big four audit background covering investment funds