Wellington Management Company, LLP
Boston, USA
16 Sep 2021
23 Sep 2021
Job Function
Industry Sector
Finance - General
Employment Type
Full Time

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.

We are transitioning to a hybrid work environment where both remote work and the office play a critical role. Our vision is a future where all employees are empowered to work flexibly to drive the best outcomes for our clients. Flexible work is a mindset and a core value. Our employees are encouraged to work remotely two days a week as a standard practice and will have flexibility in terms of working hours.


This is a unique and exciting opportunity to join a recently formed private equity-focused fund operations team dedicated to Wellington's 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 several private equity and co-investment funds with over $4.5 billion in PE assets and growing. The business is planning for new vintages of its flagship funds focused in late-stage investing and is looking ahead to expansion into new strategies and other private asset classes.

The Fund Controller will oversee several functions for Wellington's Private Equity Funds, playing a key role in fund NAV oversight and 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, Auditors, Investor Relations). The Fund Controller will report to the team's Associate Director.
  • Oversee the quarterly NAV and financial statement process for assigned funds, reviewing work prepared by our third-party administrator, including:
    • Complex private portfolio company transactions and application of manager-provided prices
    • 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 Limited Partnership Agreements
  • Assist with the funds' day-to-day operations, including:
    • Planning and coordination capitals calls and distributions, managing end-to-end process and reviewing calculations and notices produced by our third-party administrator
    • Payment of fund fees and expenses
    • Coordination of deal funding
  • Oversee annual audit process for assigned funds, coordinating with fund administrator and auditors
  • Contribute industry and operational knowledge to product development and new fund launches
  • Help to enhance and expand the internal accounting and finance policies and procedures to ensure best practices are always being followed
  • Assist Business, Investor Relations, 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
  • Develop and manage relationships with Wellington's centralized teams and external service providers
  • Lead and support projects, both large and small, associated with the funds, Wellington's operational and systems infrastructure and service providers
  • Perform peer review of other team members and oversight of junior team members
  • College undergraduate degree, preferably in accounting, finance, or business
  • 5-7+ years' experience from a public accounting firm, alternative investment firm, and/or fund administrator
  • 2-3+ years' experience with private equity fund accounting and operations
  • Knowledge of partnership accounting, closed-end fund structures (closes, capital calls, distributions), PE fee structures (management fees, carried interest, clawback), and private portfolio company investment transactions
  • Experience in other private asset classes (credit, real estate, infrastructure) is strongly favored though not required
  • Advanced Excel and Access skills, or a desire to develop them
  • A client service mindset and strong communication skills
  • Undergraduate degree in accounting or finance; Completion or progress towards a CPA, CFA, or MBA is a plus
  • Motivated work ethic and ambition to expand one's knowledge, impact, and role
  • A proactive nature in developing and improving processes, identifying opportunities for efficiency and or risk reduction
  • Desire and ability to work in a fast-paced, team-oriented environment, performing multiple tasks and balancing competing priorities
  • Natural curiosity and ability to problem-solve, including researching technical accounting topics
  • Acute attention to detail and organizational skills


100 Federal Street

As an equal opportunity employer, Wellington Management ensures that all qualified applicants will receive equal consideration for employment without regard to race, 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 .

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