About ROYC
ROYC is a digital investment platform, connecting wealth managers, family offices and financial advisors with the best investment opportunities in private markets.
At ROYC, we are committed to an inclusive and dynamic work environment, where you will have the opportunity to collaborate with a talented team of professionals who are pushing the boundaries of the wealth-tech industry. Our flat decision-making structure and high-ambition approach ensure that you will have the freedom and support to bring your ideas to life and make a tangible impact on our platform.
Our team is composed of a diverse and international group of individuals who bring creativity, energy and excellence to every situation.
Role Purpose
The Senior Fund Controller will work closely with the Head of Fund Operations, taking ownership of the fund accounting, control and reporting activities across ROYC’s private market mandates. The role will also provide business partnering to the ROYC investment team, structuring team, distribution team and investor relations team. This includes liaison with third parties as required (external administrators, lawyers, auditors etc). A range of ad-hoc activities will also be carried out as required.
Role Description
Support Fund Operations & Processes:
Work alongside the Head of Fund Operations as a key partner in designing and implementing fund operational models, structures, and systems for closed end and evergreen private market funds.
NAV & Fund Accounting Review:
Review quarterly NAV packs prepared by the fund administrators, including trial balances, general ledger postings, accruals, FX and portfolio valuations, ensuring accuracy and consistency with the fund documentation (LPA / offering documents) and ROYC’s shadow records.
Capital Calls & Distributions:
Review capital call and distribution notices and investor allocations, including equalisation and interest on subsequent closings, and validate distribution waterfall calculations (return of capital, preferred return, GP catch-up and carried interest).
Management Fees, Carried Interest & Expenses:
Validate management fee calculations, carried interest accruals, and the allocation of organisational and operating expenses in line with fund documents and expense caps.
Investor Capital Accounts:
Oversee investor capital account statements and partners’ capital roll-forwards, and review quarterly investor reporting, including performance metrics (IRR, TVPI, DPI, RVPI) and ILPA-style fee and expense reporting.
Valuations:
Support the quarterly valuation cycle, reviewing portfolio valuations for consistency with the IPEV Guidelines and the AIFM’s valuation policy, and liaising with the investment team and AIFM on supporting evidence.
Shadow Accounting & Reconciliations:
Maintain and develop ROYC’s shadow accounting and reconciliation framework, including NAV-to-shadow, cash and bank, and investor commitment reconciliations, and document the key controls underpinning each process.
Cash & Liquidity Management:
Monitor fund cash positions and bank accounts, review payment instructions, and track drawdowns and repayments under subscription or credit facilities, including covenant and borrowing-base reporting.
Regulatory & Reporting Familiarity:
Maintain working knowledge of AIFM regulations , regulatory reporting workflows, and operational processes across alternative asset funds. Provide the accounting inputs to regulatory and tax reporting, including AIFMD Annex IV, CSSF/BCL statistical returns and FATCA/CRS.
Third-Party Service Provider Coordination:
Act as a primary contact for third-party fund administrators and other providers. Review and reconcile fund reporting with ROYC’s internal data, raising issues where needed.
Financial Statements & Audit:
Lead the review of the funds’ annual audited financial statements (Lux GAAP / IFRS) and investor statements, working with fund administrators and auditors to ensure accuracy and timely delivery. Coordinate the…