Philip Lacqua’s Post

Full Time Fund Controller vs. Interim Fund Controller: Which is right for you? Choosing between a full time and an interim fund controller can be challenging. Here's a quick comparison to help you decide: Full-Time Fund Controller: • High Cost: Significant salary and benefits. • Long-Term Commitment: Permanent hire. • Comprehensive Role: Handles all financial aspects. Interim Fund Controller: • Cost-Effective: Pay only for the expertise you need. • Flexible Commitment: Short-term or project-based. • Specialized Focus: Targeted financial management. For many growing VC funds, an interim fund controller offers the perfect balance of expertise and flexibility without the long term financial commitment. Could this be the solution your fund needs?

Which type of fund controller is right for you?

Advantages of hiring an Interim Fund Controller....... An interim Fund Controller runs and manages your fund's audit process, ensuring accuracy and efficiency. They play a critical role in delivering precise NAV calculations on time, essential for investor confidence and fund transparency. Key Benefits: • Strategic management of audit processes. • Timely and accurate NAV calculations. • Enhances investor confidence and transparency. #Interim #FundController #FundAudit #NAVCalculations #InvestorConfidence #FundTransparency #Interim #FundController #FundAccounting #PrivateEquity #VentureCapital #HedgeFunds #FundRecruitment #FSBPartners

When Should Small Funds Hire a Fund Administrator? For emerging managers and small funds, the question of when to hire a fund administrator often arises. Many think it's best to wait until their AUM hits a certain threshold, but in reality, bringing in a fund administrator early can be a game-changer. Here are a few key moments to consider hiring a fund administrator: * When You're Launching Your Fund Setting up a solid operational foundation is critical for growth. A good fund administrator ensures your accounting, reporting, and investor communications are streamlined and professional from day one. * When You Start Accepting External Capital Investor confidence is built on transparency and accuracy. An independent administrator brings credibility to your processes and gives investors peace of mind. * When You Realize Your Time Is Better Spent Elsewhere If managing books, NAV calculations, and compliance are eating up time you could spend fundraising or managing investments, it’s time to delegate. Partnering with a fund administrator lets you focus on your strengths. Hiring a fund administrator isn’t just about managing back-office tasks. It’s about enabling growth, building trust, and ensuring your fund operates at institutional standards from the start. At Servicing Pros, we specialize in supporting funds of all sizes, ensuring our clients get the expertise, scalability, and cost-effectiveness they need to succeed. Call us today at 877-313-0095 to see how we can assist you in your fund administration needs. #FundAdministration #PrivateFunds #LoanServicing #Privatelenders #Privatelending #fundaccounting #ServicingPros

Interested in taking your Fund Accounting career to the next level? Get in touch and follow Denolus Consulting for exciting opportunities and updates! #ComplianceCareers #RegTech #FinancialServices #Governance #RiskManagement #HumanResources #JobInterviews #OpenToWork #Management #Leadership #Innovation #HedgeFunds #PrivateEquity #Futurism #SocialMedia #FundAccounting

Knowing the importance of a fund administrator and the right time to hire one can greatly help your company’s financial management strategies especially if you are looking to expand or grow your company's operations. Read more in our blog here! https://hubs.ly/Q02XRW-X0

Many #CA's aspire to join the #fund accounting industry. So let me give you a little background of this growing sector. The Fund industry globally is now clearly segregated into * Fund Management * Fund administration and accounting ** Fund management includes : 1. Setting up the fund 2. Signing the partnership agreement/s between General Partner and Limited Partners 3. Setting up the Research and Analysis Team to design asset allocation strategies 4. Hiring Traders to trade in equities, bonds, forex, commodities 5. Hiring fund managers to invest in private equity/ REIT's etc. 6. Generating Profits for the firm and LPs But the above activities can be executed with perfection only with the assistance of a rock-solid back end team for accounting and administration **Fund accounting and administration of the largest hedge funds, #REIT's, pension funds, private equity funds are handled by outsourced agencies. 1. Calculation of #NAV (Net Asset Value) 2. Calculation of MTM (Mark to market) of investment portfolio 3. Calculating investor allocation/s for hedge funds. 4. Processing Corporate Actions 5. Calculation of #management Fees and #performance Fees Fund administration is distinct from Fund management and its important that candidates know these facts before they appear for an #interview with a fund accounting firm. Keep Learning Keep Growing

“Fund admin” is broken. To be blunt, GPs hate fund admin. You grit your teeth and pay for it so you don’t need to hire a massive finance team yourself. But here is what’s missing… With the Legacy Fund Admins, your financial data is trapped and siloed across 7 different systems. You’re stuck paying tons of humans to glue it together with excel. But buried in your financial data is the gold… You can surface insights about your portfolio health, your common co-investors, your pro rata rights. But it starts with chewing glass and doing the unsexy “table stakes” services. Then you earn the right to deliver 10x product experiences on top. That’s why we built Hanover.

Fund Manager: What do I really need fund administration for? Me: Let me ask you this: Can you accurately account for multiple investors and assets flowing in and out of a pooled fund at various times, ensuring compliance with your Operating Agreement? Fund Manager: Well, my bookkeeper/controller/CFO handles that... Me: And how would you verify their expertise if they were struggling or unable? Fund Manager: [Pause]....I'm not entirely sure. Me: And that is why you need fund administration. Among other reasons.

#hiring *Asst. Fund Controller (Private Equity)*, New York City, *United States*, fulltime #jobs #jobseekers #careers #NewYorkCityjobs #NewYorkjobs #Accounting *Apply*: https://lnkd.in/gNf9Fdaq PIMCO is a global leader in active fixed income with deep expertise across public and private markets. We invest our clients' capital across a range of fixed income and credit opportunities, leveraging our decades of experience navigating complex debt markets. Our flexible capital base and deep relationships with issuers have helped us become one of the world's largest providers of traditional and nontraditional solutions for companies that need financing and investors who seek strong risk-adjusted returns. Since 1971, our people have shaped our organization through a high-performance inclusive culture, in which we celebrate diverse thinking. We invest in our people and strive to imprint our CORE values of Collaboration, Openness, Responsibility and Excellence. We believe each of us is here to help others succeed and this has led to PIMCO being recognized as an innovator, industry thought leader and trusted advisor to our clients. The Alternative Funds at PIMCO total approximately $150+ billion across multiple strategies and multiple vehicle types (hedge fund and private equity). The Alternatives Funds Finance Team leads the overall financial accounting and control, tax structuring and compliance, operations, and investment partner and third party service provider oversight. The Team works directly with Product Management, Account Management and Portfolio Management groups of PIMCO and reports to the Executive Office. We're seeking to add a Manager who will run the overall financial accounting and reporting for multiple complex private equity funds. The role requires a highly proficient CPA with significant experience and product exposure to lead the complexities of the diversified hybrid funds. The PIMCO private equity business continues to evolve and it is critical to have the right resources in place to handle change and control the information flow to meet ever-increasing demands. This is an outstanding opportunity to join growing team at one of the largest asset managers in the world. Responsibilities Direct responsibility for the accounting and reporting for multiple complex private equity funds with exposure to both public and private investments across commercial, residential and specialty finance asset classes. The asset types and product exposure will be unparalleled compared to roles at other institutions. Constantly strive to learn and understand outstanding asset classes, fund and investment structures and new products. Develop solutions to ensure appropriate accounting and controls are in place. Develop and implement robust investor and management performance reporting at the asset, fund and investor level. An understanding of an organizational structure, and