Assistant Controller

About the role

Whitecap Search is looking for a dynamic individual with a strong background in accounting and experience in venture capital, private equity, or other closed-end fund structures. This role offers an exciting opportunity to be at the forefront of the digital assets industry, with the chance to work on both the Finance and Operations teams.

Responsibilities

• Review quarterly and annual fund NAVs, capital account allocations, and partners' capital account statements across venture capital and closed-end fund products.
• Manage the capital activity lifecycle — calculate and issue capital call and distribution notices, and track limited partner commitments, contributions, distributions, and unfunded balances.
• Manage fund cash, expenses, and treasury, including funding of portfolio company investments and coordination of closing mechanics.
• Prepare the quarterly Schedule of Investments and assemble valuation committee materials, coordinating with third-party valuation providers on portfolio company fair value marks under ASC 820.
• Calculate and review management fees, carried interest, and distribution waterfalls in accordance with each fund's limited partnership agreement.
• Assist with product development, fund launches, and the formation of SPVs and co-investment vehicles.
• Work with internal legal/compliance and the fund administrator, respond to investor inquiries, and support Operational Due Diligence sessions.
• Maintain investment-level records across the portfolio, including cost basis, follow-on rounds, conversions, warrants, and realizations.
• Monitor compliance with limited partnership agreements and side letters, including limited partner reporting obligations and information rights.
• Coordinate the annual audit and tax process with fund administrators, auditors, and tax preparers, including review of partner K-1s.
• Provide support to liquid hedge fund products as needed, including NAV review and other operational work.
• Embrace and champion the thoughtful adoption of AI to improve team performance and business outcomes.
• Leverage AI tools (e.g., generative AI, automation platforms, data copilots) to improve productivity, decision-making, and output quality in your day-to-day work.

Requirements

• Strong background in accounting.
• Experience in venture capital, private equity, or other closed-end fund structures.
• Proficiency in managing fund cash, expenses, and treasury.
• Ability to coordinate with third-party valuation providers and manage compliance with limited partnership agreements.
• Experience in supporting product development and fund launches.
• Familiarity with AI tools and their application in enhancing productivity and decision-making.

Pay

The base salary will be commensurate with candidate experience, expertise, and local market. Final offer amounts are determined by multiple factors, including candidate experience and expertise. Total compensation includes a competitive base salary, annual bonus, and equity incentives.