Director, Private Fund Administration & Accounting

Requisition Number: 81740

Position Title:

External Description:

About the Role

We are seeking a detail-oriented and collaborative Accounting Director/Controller with leadership experience to join our dynamic alternative investment franchise as we expand our product offerings. This role will report directly to the Fund CFO, enabling focus on strategic priorities, product development, and capital planning (including capital calls and distributions) while ensuring operational excellence in fund administration and accounting for private funds.

The successful candidate will oversee critical accounting functions, including the preparation and oversight of NAV calculations and financial statements, audits, and management of expense allocation policies. The candidate will partner with external vendors such as fund administrators and other internal fund administration and accounting (FA&A) professionals to ensure accuracy and efficiency as the product offerings expand.  This role requires close collaboration with tax professionals/vendors to address complex tax reporting needs and ensure compliance with regulatory requirements. 

The role will partner cross-functionally with investor relations teams to ensure client needs related to financial data are met, including in investor communications and performance reporting.   Additionally, the role will engage in responding to Due Diligence Questionnaire (DDQ) requests as required to communicate firm capabilities and processes to potential and existing investors and stakeholders. 

Ideal candidates will thrive in a fast-paced environment, balancing hands-on accounting rigor with strategic problem-solving. Strong communication skills and collaboration are essential to bridge technical accounting concepts with non-finance stakeholders and evolve our operating model.

Role Summary

Works with senior management roles to ensure that the appropriate FA&A policies, methods, standards, processes, and training are developed, applied, and understood by impacted stakeholders. Generates the most complex enhancements to FA&A capabilities. Leads and contributes to large scale cross-functional initiatives, soliciting guidance from more senior team members/management on the most complex issues. Applies extensive specialized theoretical and practical knowledge related to private fund accounting and a working knowledge of adjacent domains. Leverages deep understanding of service providers, operating models, regulatory requirements, and industry practices to carry out their responsibilities. Reviews and develops the most complex recommendations for enabling new private fund products and client requirements.

Responsibilities

Private Fund Accounting:

• Accountable for accounting functions related to TRP private funds' franchise. Partners with other functional teams within FA&A and across TRP to determine appropriate support model for the most complex funds and transaction types. Develops strategy for and leverages external providers to enable products and client needs.

Leadership Activities:

• May be responsible for managing and developing a limited number of more junior associates within FA&A. Develops the most complex FA&A procedures, processes and policies based on regulatory requirements, market practices and internal stakeholder needs. Leads major change initiatives within the firm – operating or executive sponsor. Develops and maintains content designed to communicate about the team and its activities to a broad range of stakeholders.

Qualifications

Required:

• Bachelor's degree or the equivalent combination of education and relevant experience AND
• 10+ years of total relevant work experience

Preferred: 

• 14+ years of accounting/finance experience, with focus on alternative investments
• Expertise in fund accounting, NAV calculations, and partnership capital account structures
• Experience with financial reporting for complex vehicles (e.g., feeder funds, multi-tiered structures, SPVs)
• Familiarity with carried interest calculations, management fee waterfalls, and investor allocations
• Exposure to regulatory compliance (SEC, AIFMD, FATCA, etc.) and tax considerations (e.g., pass-through entities)
• Understanding of fund lifecycle processes (capital calls, distributions, liquidity events)
• Ability to manage audits (fund-level and entity-level) and liaise with auditors
• Experience with capital account statements and investor reporting (IRR, MOIC, performance metrics)

FINRA Requirements

FINRA licenses are not required and will not be supported for this role. 

Work Flexibility

This role is eligible for full-time remote work.  

City:

State:

Community / Marketing Title: Director, Private Fund Administration & Accounting

Company Profile:

Location_formattedLocationLong: Maryland, US

CountryEEOText_Description: Commitment to Diversity, Equity, and Inclusion: We strive for equity, equality, and opportunity for all associates. When we embrace the power of diversity and create an environment where people can bring their authentic and best selves to work, our firm is stronger, and we create greater value for our clients. Our commitment and inclusive programming aim to lift the experience for each associate and builds allies for our global associate community. We know that a sense of belonging is key not only to your success at the firm, but also to your ability to bring your best each day. Benefits: We invest in our people through a wide range of programs and benefits, including: • Competitive pay and bonuses as well as a generous retirement plan and employee stock purchase plan with matching contributions • Flexible and remote work opportunities • Health care benefits (medical, dental, vision) • Tuition assistance • Wellness programs (fitness reimbursement, Employee Assistance Program) Our policies may change as our working lives evolve. Yet, our commitment to supporting our associates’ well-being and addressing the needs of our clients, business, and communities is unwavering. T. Rowe Price is an equal opportunity employer and values diversity of thought, gender, and race. We believe our continued success depends upon the equal treatment of all associates and applicants for employment without discrimination on the basis of race, religion, creed, color, national origin, sex, gender, age, mental or physical disability, marital status, sexual orientation, gender identity or expression, citizenship status, military or veteran status, pregnancy, or any other classification protected by country, federal, state, or local law.