Vice President - Fund Controller

Position Overview:

StepStone Group LP (StepStone) seeks a VP, Fund Controller for its La Jolla, CA location.

Primary Responsibilities Include:

• Management and oversight of the day-to-day accounting and financial statements of the Company’s fund partnership vehicles focused on Private Equity investments in primary and secondary limited partnership investments and direct equity co-investments.
• Collaborate with the Partner, Head of Fund Accounting and the Private Equity asset management and investment teams.
• Manage and oversee a portfolio of funds, including the review of all work prepared by the fund administrator, and reviewing and/or preparing quarterly unaudited and annual audited financial statements in accordance with GAAP and IFRS.
• Coordinating the preparation of annual audits with outside CPA firms, and computing partner allocations and producing capital account statements.
• Managing processes for delivering quarterly and annual investor reports and other ad-hoc communications. 
• Calculating and distributing investor capital call and distribution notices, management fees, distribution waterfalls and carried interest, and responding to investor requests in a timely manner.
• Support the investment team through running and signing off on the allocation wheel, reviewing valuations and managing the valuation process, providing support for KYC/AML information and other documentation needed for new investments, understanding the structure of new investments, including the reporting and tax implications and reviewing legal agreements.
• Perform treasury management functions, including approving wire templates and wires, monitoring the Fund’s cash positions and prepare cash projections as needed and managing the Fund’s line of credit facilities, including arranging borrowings and repayment, quarterly compliance certificates, and reviewing of interest and unused fee calculations.

Education and/or Work Experience Requirements:

• Must have a Bachelor’s degree in Accounting, Finance, Business Administration, Economics, Management Science or a related field and 3 years of experience in the job offered or as an Accounting Manager, Audit Manager or related role.  
• Full term of required experience must include:

  • Reviewing financial statements for funds in alignment with GAAP and IFRS

  • Utilizing private equity industry knowledge to review investment valuations

  • Reviewing cash balances/projections and investment/fund level cash flow activities

  • Collaborating with clients, or collaborating with auditors and fund administrators, to complete financial statement audits using GAAS

  • Applying Accounting Reporting Standards, including ASC 820 (FAS 157), ASC 946 & ASC 740

  • Using knowledge of FIN48 and Valuation Methodologies to evaluate private equity investments

  • Employing Securities & Exchange Commission (SEC) and Public Company Accounting Oversight Board (PCAOB) Standards

  • Managing subordinate personnel

Other Information:

Direct applicants only.

May work 100% remotely from anywhere within the USA. Salary is $171,000/year; 40 hrs/wk. This position is eligible for incentives pursuant to StepStone’s Employee Referral Program. Job ID = 12312/ZW