Fractional Controller (Advisor Network)

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Finance & AccountingController

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Quick Summary

Overview

Opportunity Overview Arootah engages a curated network of senior operators to support clients across the alternative investment industry, including hedge funds, private equity firms,

Technical Tools

Finance & AccountingController

Arootah engages a curated network of senior operators to support clients across the alternative investment industry, including hedge funds, private equity firms, and family offices. Advisors are deployed on project-based engagements when client needs match their expertise. Joining the network does not guarantee placement; it provides access to opportunities as they arise.

What We Offer

~4 min read

✓Alt-industry-only engagements with hedge funds, private equity firms, and family offices

✓Project-based work that fits around existing commitments

✓Client origination and engagement management handled by Arootah; advisors focus on delivery

✓Best practice reviews.

✓Developing realistic and effective action plans.

✓Breaking apart goals into actionable steps.

✓Advising on vendor selection and oversight.

✓Creating and implementing policies, procedures, and control measures.

✓Evaluating each client’s advancement toward goal actualization through key performance indicators (KPIs) and scoring matrices.

✓Special projects or other areas of need.

✓Maintain the financial records of the firm, through collaboration with and management of the firm’s external accounting company and the CFO through the preparation of financial statements, including income statements, balance sheets, shareholder reports, tax returns and regulatory agency reports.

✓Control and review the payroll processing system to ensure timely and accurate processing of payroll transactions including salaries, benefits, garnishments, taxes, and other deductions

✓Manage the month-end close process, which includes collaborating with the CFO, external accountants, and other teams across the firm.

✓Enhance the operational efficiency, timeliness, and quality of the firm’s financial reporting through the collection, consolidation, and analysis of financial data.

✓Manage accounts receivables and payables including the timely collection of receivables and payment of invoices.

✓Provide senior leadership with information vital to decision-making processes including budget versus actual reporting, cash balances and forecasted liquidity, and other KPIs such as variances, trends, and deficiencies.

✓Based on historical trends and analyses, build pro forma financial models to help predict the impact of potential decisions.

✓Help to ensure the fiscal integrity of the company’s business through the enhancement and management of accounting systems, a strong control environment and checks and balances to minimize risk.

✓Lead the audit and tax processes by working closely with the external auditors and tax accountants and responding to requests as needed.

✓Assist with quarterly and annual SEC and regulatory reporting/filings as it relates to providing all financial and accounting data.

✓A Bachelor’s Degree in Accounting, Economics, Finance, Mathematics, Business Administration, or a related field.

✓CPA designation or advanced degree (MBA, etc.) is a plus.

✓6+ years of prior work experience, specifically as a Controller for an Alternative Asset Firm or Family Office.

✓4+ years of proven experience in a financial or accounting capacity with an Alternative Asset Firm, Family Office, or Big 4 accounting firm.

✓Have extensive experience with cash and working capital management and forecasting, as well as strong technical accounting skills, GAAP accounting, and management reporting experience.

✓Strong technical skills, particularly with Microsoft applications (Word and Excel), and a proven proficiency in accounting software or financial applications (QuickBooks, etc.)

✓In-depth understanding of various financial instruments, investment types, vehicle structures, asset classes, tax regulations and financial covenants.

✓Highly organized, strong attention to detail and able to prioritize with excellent management and supervisory skills.