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Wellington Fund Controller, Private Funds in Boston, Massachusetts

About Us

Wellington Management offers comprehensive investment management capabilities that span nearly all segments of the global capital markets. Our investment solutions, tailored to the unique return and risk objectives of institutional clients in more than 60 countries, draw on a robust body of proprietary research and a collaborative culture that encourages independent thought and healthy debate. As a private partnership, we believe our ownership structure fosters a long-term view that aligns our perspectives with those of our clients.

About the Role

THE COMPANY

Tracing our roots to 1928, Wellington Management Company, LLP is one of the world’s largest independent investment management firms. With over US$1 trillion in assets under management, we serve as a trusted adviser to institutional clients and mutual fund sponsors in over 60 countries. Our innovative investment solutions are built on the strength of proprietary, independent research and span the global capital markets, including equity, fixed income, multi-asset, and alternative strategies. As a private partnership whose sole business is investment management, our long-term views and interests are aligned with those of our clients. We are committed to attracting a talented and diverse workforce, and to fostering an open, collaborative, and inclusive culture because we believe multiple perspectives lead to more informed investment and business decisions. As an Equal Opportunity Employer, we welcome people with diverse life experiences, fresh ideas, and specialized subject-matter expertise. We have a hybrid work environment where both remote work and office play a critical role.

OVERVIEW

This is a unique and exciting opportunity to join Wellington’s private investment-focused fund operations team dedicated to our rapidly expanding private equity business. Fund Control & Operations - Private Funds (“ FC&O ) plays an essential role in Wellington’s private funds business and is responsible for fund operations encompassing fund accounting, treasury, and financial reporting. Wellington has been investing in private markets for many years, launching its first dedicated private capital fund in 2014 and growing to over $8.5 billion in private investment platform AUM today. The business is planning for new vintages of its flagship funds focused on late-stage growth and venture investing and is expanding into other private asset classes beginning with private credit. The Fund Controller will oversee several centralized tasks and functions for Wellington’s Private Equity Funds, perform fund-specific oversight, and will play a key role in the quarterly Financial Statement/NAV process, annual audits, the monitoring of capital calls and distributions and assisting with investor requests. This role requires frequent collaboration with other Wellington teams and external service providers (e.g., Fund Administrators, Custodians, Investor Services, Auditors). The Fund Controller, Private Funds will report to the team’s Manager of the Private Funds’ Fund Control & Operations team.

RESPONSIBILITIES

  • Assist withthe quarterly NAV and financial statementprocess for assigned funds, reviewing work prepared by our third-party administrator, including:

  • Complex private portfolio company and/or private credit transactions

  • Distribution waterfall and carried interest calculations

  • Differing management fee arrangements

  • Gross and net IRR calculations

  • Ensuring accounting and presentation is consistent with U.S. GAAP and fund governing documents

  • Assist with the funds’ day-to-day operations

  • Execution of capitals calls and distributions, facilitating internal and external communications throughout these processes, and reviewing calculations and notices produced by our third-party administrator

  • Payment of fund fees and expenses

  • Coordination of deal funding

  • Assist withannual audit process for assigned funds, coordinating with fund administrator and auditors

  • AssistBusiness, Investor Relations, Tax, and Compliance teams, among others, providing information and data to respond to queries and performing ad hoc analyses based on the funds or investors’ activity

  • Contribute to projects associated with the funds, Wellington’s operational and systems infrastructure, and service providers

  • Develop and foster relationships with Wellington’s centralized teams and external service providers

QUALIFICATIONS

  • Undergraduate degree in accounting or finance

  • Progress towards a CPA, CFA, or MBA is strongly favored

  • 3+ years of experience from a public accounting firm, alternative investment firm,and/orfund administrator

  • Experience in private equityfund accounting and operations is preferred but not required

  • Advanced Excel skills are required

  • Experience withor a desire to develop skills in Tableau, PowerBI, Alteryx is strongly favored

ATTRIBUTES

  • Process orientation & excellent organization skills: The Fund Controller will have a strong administrative skill set, including the ability to plan and manage multiple priorities against varying time horizons with a high attention to detail. They will have a proactive nature to develop processes and enhance controls, such as identifying opportunities to improve efficiency, reduce risk, and leverage technology.The Fund Controller will have the self-motivation to work independently while keeping the team manager and other stakeholders aware of progress.

  • Superior collaboration skills: The Fund Controller will be expected to be highly collaborative, sharing insights, strategies, and suggestions with the team to improve group processes. are critical. They will possessa desire to learn from others, strong communication skills, and a client service mindset.

  • Natural curiosity and ability to problem-solve : The Fund Controller will have a motivated work ethic and ambition to expand one’s knowledge, impact, and roleover time.

Not sure you meet 100% of our qualifications? That’s ok. If you believe that you could excel in this role, we encourage you to apply and welcome a chance to review your background. We are dedicated to building and maintaining a diversified workforce and considering a broad array of candidates with a variety of skill, workplace experiences, and backgrounds.

As an equal opportunity employer, Wellington Management ensures that all qualified applicants will receive equal consideration for employment without regard to r ace, color, sex, sexual orientation, gender identity, gender expression, religion, creed, national origin, age, ancestry, disability (physical or mental), medical condition, citizenship, marital status, pregnancy, veteran or military status, genetic information or any other characteristic protected by applicable law . If you are a candidate with a disability, or are assisting a candidate with a disability, and require an accommodation to apply for one of our jobs, please email us at GMWTalentOperations@wellington.com .

At Wellington Management, our approach to compensation is designed to help us attract, inspire and retain the best talent in our industry. We strive to pay employees fairly and competitively across all levels and roles. Our approach to compensation considers all aspects of total compensation; all employees are eligible to receive salary, variable compensation, and benefits. The base salary range for this position is:

USD 65,000 - 150,000

This range takes into account the wide range of factors that are considered when making compensation decisions, including but not limited to skill sets; role; skills and experience; certifications; and education. This range is an estimate, and further details on salary and total compensation aspects will be shared with candidates during the recruitment process.

Base salary is only one component of Wellington’s total compensation approach. Other rewards may include a discretionary Corporate Bonus and/ or Incentives, if eligible. In addition, we offer a comprehensive and high value benefit package to meet the unique needs of our employees and their families, and we are committed to fostering a flexible work environment that enables employees to thrive personally and professionally. Examples of our benefits include retirement plan, health and wellbeing, dental, vision, and pharmacy coverage, health savings account, flexible spending accounts and commuter program, employee assistance program, life and disability insurance, adoption assistance, back-up childcare, tuition/CFA reimbursement and paid time off (leave of absence, paid holidays, volunteer, sick and vacation time)

Tracing our history to 1928, Wellington Management is one of the world’s largest independent investment management firms. We serve as a trusted adviser to clients in over 60 countries, visit our website to see our assets under management. Our innovative investment solutions are built on the strength of proprietary, independent research and span nearly all segments of the global capital markets, including equity, fixed income, multi-asset, and alternative strategies. As a private partnership whose sole business is investment management, our long-term views and interests are aligned with those of our clients. We are committed to attracting a talented and diverse workforce, and to fostering an open, collaborative culture of inclusivity because we believe multiple perspectives lead to more informed investment and business decisions. As an Equal Opportunity Employer, we welcome people with diverse life experiences, fresh ideas, and specialized subject-matter expertise.

For more information, please visit https://www.wellington.com/en/ (https://www.wellington.com/en/about-us)

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