Financial Controller

About Us
AIP Asset Management Inc. is an award-winning asset management firm specializing in innovative investment solutions. Our flagship fund, the AIP Convertible Private Debt Fund LP, recently earned the prestigious "Overall Best Canadian Hedge Fund" award. Additionally, our Access Pre-IPO (XIPO) product provides accredited investors with exclusive opportunities in pre-IPO markets.

Overview

We are seeking an experienced Controller to lead the fund's financial reporting, monthly close, valuation processes, and interaction with external service providers. The ideal candidate has deep knowledge of investment accounting, strong technical skills, and a proven ability to operate in a fast-paced buy-side environment. This role is central to ensuring timely, accurate financial information and robust valuation oversight across all investment strategies.

Key Responsibilities

Monthly Close & Accounting

• Lead the full monthly and quarterly close process for the fund and management company.
• Prepare, review, and post monthly journal entries (accruals, expense allocations, revenue recognition, carried interest, etc.).
• Maintain and reconcile the general ledger, ensuring accuracy and completeness.
• Oversee capital activity including investor subscriptions, redemptions, transfers, and allocations.
• Prepare financial reporting packages for internal stakeholders and management.

Valuations & Fund Performance

• Coordinate with third-party valuation agents, pricing vendors, and administrators.
• Review and update valuations for all positions, including level 3 assets
• Maintain and document valuation policies and methodology.
• Oversee reconciliation of P&L, NAV, and performance attribution from valuation providers and administrators.

Service Provider Oversight

• Act as key liaison with fund administrator, auditors, prime brokers, and custodians.
• Review administrator-prepared NAVs, capital statements, and performance calculations.
• Manage audit process and ensure timely delivery of year-end financial statements.
• Lead oversight of tax filings with external tax advisors.

Treasury & Cash Management

• Monitor daily cash balances, margin requirements, capital activity, and fund liquidity.
• Review AP, payments, wires, and treasury-related approvals.

Qualifications & Requirements

Core Requirements

• CPA or equivalent designation required.
• 5+ years of relevant experience in hedge funds, private credit, private equity, or asset management.
• Strong understanding of investment accounting, fair value measurement, and Level 2/3 valuation principles.
• Hands-on experience with monthly journal entries, trial balance review, and fund financial reporting.
• Experience working with third-party administrators and valuation agents.
• Advanced Excel skills (index/match, sumifs, pivots, VBA optional).
• Highly detail-oriented with strong judgment and ability to identify issues early.
• Excellent communication skills and comfort working with senior leadership.
• Ability to operate in a lean, entrepreneurial environment where processes evolve quickly.
• Strong time-management skills and ability to meet tight deadlines.

Job Types: Full-time, Permanent

Pay: $100,000.00-$130,000.00 per year

Benefits:

• Dental care

Work Location: In person