Fund Controller

Company Overview:

Our deep corporate network, distinguished leaders and robust investing experience provide us with a distinct advantage in catalyzing deal flow. We only invest in companies where we believe we have a differentiated advantage and can improve a company in order to add real value. As disciplined investors, we seek growth over time and look to partner with companies across industries that will benefit from business development, technological advancements and operational improvements supported by the Consello platform.

Consello Capital is a leading private equity firm based in New York City with AUM of over $250 million. Consello is currently raising and investing out of its initial fund and anticipates raising additional funds. We focus on lower middle market buyouts in technology-enabled business services. In addition to substantial investing experience, team members have significant operating experience, which allows Consello Capital to actively work side-by-side with management to achieve investment objectives.

Role Overview:

The Fund Controller will report to the Group Chief Financial Officer (“CFO”), Finance Committee, and Investment Team. The individual will have primary responsibility for fund reporting, management company finances, and compliance. Additionally, the Fund Controller will liaise with the 3rd party advisors including fund administrators, compliance consultants and legal counsel. The individual shall also assist the CFO and other senior team members with valuation and reporting to limited partners and maintenance of firm's fund entities.

Responsibilities:

Lead the quarterly financial close process and review all deliverables provided by the Fund Administrator, including workpapers, waterfalls, financial statements, partner capital statements and ILPA statements

Prepare capital call and capital distribution projections for approval. Review capital activity and manage the posting with the Fund Administrator, including allocations, waterfalls and capital call/distribution notices. Experience with subsequent closes is necessary

Participate in the deal closing process

Assist in the treasury function and review wire transfers for fund entities

Coordinate the annual audited financial statement process and provide support to auditors

Coordinate the tax reporting, including K-1 preparation and review and provide support to tax preparer

Monitor fund expense budgets, allocations and accruals. Provide accrual support to the Fund Administrator to appropriately record liabilities to the Manager

Respond to investor requests

Prepare quarterly reviews and valuations of portfolio companies

Ensure accuracy of reports and deliverables for internal and external use

Coordinate with the legal team to manage entity creation

Assist with ad-hoc reporting, finance, and operational data projects

Liaise with internal finance and corporate accounting teams to ensure consistency between fund and management company financials, particularly around expense allocations and intercompany activity.

Review and oversee compliance with fund governing documents (e.g., LPA, side letters) to ensure all allocations, fees, and expenses are appropriately accounted for and disclosed.

Maintain and enhance internal controls related to fund operations, including approval workflows, documentation standards, and oversight of third-party service providers.

Support performance reporting and benchmarking by preparing or validating fund-level and investment-level returns (e.g., IRR, MOIC) in coordination with the investment team.

Track and reconcile carried interest allocations and vesting schedules, ensuring accurate and timely updates in accordance with fund terms and agreements.

Own the fund data room and manage deliverables for investor onboarding, due diligence processes, and LP reporting cycles.

Experience with completing Form PF, Form ADV, Privacy Notice.

Preferred Qualifications:

Bachelor’s or Master’s degree

Total of 8-10 years of experience in private equity or asset management accounting. Mix of fund, public and fund administration a plus

CPA (active or inactive) preferred

Strong attention to detail

Ability to multitask and work independently

Excellent communication skills; comfortable speaking with investors, investment executives and working directly with the group CFO and Fund Administrator

Team player; flexible and willing to take ownership of all areas of responsibility

Proficiency with Microsoft Excel and other computer applications as well as knowledge of accounting systems

Knowledge of waterfalls

Fund tax experience a plus

Personal Characteristics

Action-oriented team player that can drive strategy and execution with a “roll up the sleeves” approach

Strong executive presence with the ability to navigate diverse personalities and opinions

Adaptable, able to shift strategies, make decisions, and execute plans with strong judgment

Growth mindset with a proactive, “can do” attitude

Strategic thinker, decisive and agile in crafting and executing business plans

Highly collaborative with low ego, capable of building strong relationships across teams

Motivated, flexible, and able to manage multiple projects in a fast-paced environment

Thrive in dynamic, evolving situations and eager to shape company vision and direction

Skilled in analyzing issues, proposing solutions, and implementing them effectively

Seek diverse experiences and enjoy tackling various aspects of the business

Compensation: Base salary starting at $150,000; eligible for annual discretionary bonus