We are global private markets specialists delivering tailored investment solutions, advisory services, and impactful, data driven insights to the world’s investors. Leveraging the power of our platform and our peerless intelligence across sectors, strategies, and geographies, we help identify the advantages and the answers our clients need to succeed.
Position Overview:
The VP/Controller will be responsible for management and oversight of the day-to-day accounting, operational and financial aspects of the Company’s Luxemburg SICAV and Australian Feeders. In this position, the VP/Controller will manage a team of accountants and various external fund administrators. The VP/Controller will also work closely with the StepStone AIFM, legal/compliance and private equity, private debt, real assets and venture capital investment teams.
Essential Functions:
- Assist with Offering Memorandum updates
- Manage quarterly board reporting package preparation
- Participate in quarterly board meetings
- Oversee weekly/monthly investment valuation analytics and reporting for each compartment
- Prepare monthly NAV reporting for management
- Oversight of budgets and forecasts, including updates and analysis of TER
- Review and approval of all work prepared by team members and fund administrators
- Assist with preparation of semi-annual unaudited and annual audited financial in accordance with Lux GAAP
- Monitor and assist with preparation of CSSF regulatory reporting
- Coordinate preparation of annual audits with outside CPA firm
- Coordinate and oversee preparation of tax reporting
- Manage reporting requirements, determination of borrowing base and covenants for credit facility
- Ensure SPI data is accurate, up to date and all inputs are consistent with fund administrator/custody records
- Ensure all investments and expenses are funded timely
- Ensure proper internal controls are in place and effective
- Oversee creation of operational infrastructure and documentation of process and procedures
- Understand offering memorandums and ensure all requirements are met
- Manage financial and accounting aspects of annual distributions and quarterly investor redemptions
- Manage relationships with all service providers
Support the investment team, which includes:
- Managing the valuation process
- Providing support for KYA information and other documentation needed for new investments
- Understanding the structure of new investments, including the reporting and tax implications
- Reviewing legal agreements
Oversee Treasury management functions, including:
- Approvals of wire templates and wires
- Monitor the Fund’s cash positions and prepare cash projections as needed
- Manage the Fund’s line of credit facilities, including arranging borrowings and repayment, quarterly compliance certificates, review of interest and unused fee calculations
Manage a team of accounting professionals, including:
- Managing the day-to-day operations of the accounting team
- Coordinating the work of the accountants to ensure the consistency and quality of work produced
- Mentoring and training team members
- Review all work prepared by the team
- Coordinate deliverables across the team to ensure deadlines are met
Perform other duties as required, including but not limited to:
- Accumulation and review of K-1s provided by GPs
- Coordination and review of tax returns
- Set up of new Funds, as needed, including obtaining EIN, tax filings, opening bank accounts
- Support for the compliance reporting
- Lead department level projects or initiatives
- Evaluate foreign currency hedging and implement program as needed
Education and/or Work Experience Requirements:
- Minimum of ten years of private partnership, private markets or related accounting experience with several years in a management or leadership role.
- Ideal candidates will have experience with Luxembourg registered funds
- Big 4 public accounting experience focused on audits of alternative investment funds preferred
- Experience with accounting for alternative assets
- Experience with private market structures
- Must possess a four-year college degree with a major in Accounting
- Experience working in a fast paced and growing company with demonstrated ability to multi-task and manage priorities against key deadlines
Knowledge, Skills, and Ability Requirements:
- Strong written and verbal communication skills
- Ability to maintain strict confidentiality of client, investment and company information
- Ability to prioritize activities while working on multiple projections and achieve target deadlines
- Ability to problem solve and leverage technology
- Highly proficient in using Excel, Word, and other Microsoft office programs
Other Attributes:
- Acute attention to accuracy and detail
- Professional demeanor and an ability to work well in a team environment
- Willingness and ability to learn and implement new programs and processes
- CPA preferred
At StepStone, we believe that our people are our most important asset and crucial to our success. We are an Equal Opportunity Employer that strives to create an environment that empowers our employees and allows them to be heard, regardless of title or tenure. Our organizational community features multiple Employment Resource Groups as well as mentorship programs to enhance the employee experience for all.
As an Equal Opportunity Employer, StepStone does not discriminate on the basis of race, creed, color, religion, sex, national origin, citizenship status, age, disability, marital status, sexual orientation, gender identity, gender expression, genetic information or any other characteristic protected by law.
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