Controller, Fund and Portfolio Accounting

Job Description:

Why Onni Capital

Most controller roles are maintenance. You inherit a system, a team, a close calendar, and a set of decisions someone else made years ago. This one is construction.

Onni Capital invests its own capital. There is no fundraising cycle and no external limited partners with conflicting reporting demands. That means you are building a reporting system designed to actually inform decisions rather than to satisfy a compliance checklist.

You will sit close to the transactions. When we buy a construction services business or convert an industrial site into a data centre, you are in the room for the structuring conversation, not receiving the file after close. The purchase price allocation, the opening balance sheet, and the earnout mechanics are yours to get right.

The businesses we start are yours to set up properly from day one, before bad habits form. That is unusual, and it is the part of the job that compounds.

How We Work

Onni Capital is being designed as a high ownership, low bureaucracy team. We work in small project groups, test ideas quickly, put early products in front of users, and make decisions based on evidence rather than hierarchy. Team members are expected to:

• Challenge assumptions and communicate directly

• Take responsibility for outcomes, not simply produce recommendations

• Use modern AI tools to work faster and produce better results

• Share unfinished work early and improve it through feedback

• Move comfortably between strategic analysis and hands on execution

• Know when to continue investing in an idea and when to stop

• Operate effectively without a detailed playbook

This is not a role for someone who wants months of consensus building, a rigid job description, or a narrowly defined set of responsibilities. It is for someone who learns quickly, takes initiative, enjoys solving ambiguous problems, and wants to help build something from the ground up.

What You Will Do

Fund accounting and investor reporting

• Design, implement, and operate the fund accounting system in house, including chart of accounts, entity structure, consolidation logic, and intercompany eliminations

• Own the management fee calculation and billing cycle, and the supporting expense allocation methodology

• Produce quarterly investor reporting packages, including capital account statements, performance reporting, and portfolio commentary

• Produce annual audited financial statements and manage the external audit end to end, including the planning meeting, the prepared by client list, fieldwork, and resolution of audit findings

• Complete annual portfolio valuations, document the methodology, and defend the marks to auditors and to ownership

• Track and report returns at fund and asset level, including IRR, MOIC, and performance against acquisition basis

Treasury, banking, and cash management

• Own treasury across the platform, including daily cash position, liquidity management, and short term cash forecasting

• Own banking relationships and account structure, including account opening, signing authorities, entitlements, and the payment approval matrix

• Manage payment execution and controls, including wire and electronic funds transfer authorisation, dual approval thresholds, and fraud prevention

• Manage debt facilities and capital calls, including drawdowns, repayments, covenant compliance, and lender reporting

• Manage foreign exchange exposure across Canadian and United States operations, and the movement of funds between entities

• Manage surplus cash and short term investment of idle balances within approved policy

Financial planning and analysis

• Own the annual budget and the rolling forecast for Onni Capital and for the operating companies it builds

• Produce monthly variance analysis with commentary that explains why a number moved, not just that it moved

• Build and maintain the reporting cadence: monthly management reporting, quarterly investor reporting, annual audited financials

• Model cash requirements across the platform and flag funding needs before they become urgent

Internal controls, tax, and compliance

• Design and operate the internal control framework, including segregation of duties, approval limits, delegation of authority, and documented policies proportionate to a business of this size

• Own the accounting policy manual and ensure consistent application across every entity

• Own tax compliance across the platform, including corporate filings, indirect tax, cross border considerations, and coordination with Onni Group counsel and external tax advisors

• Maintain the entity register and ensure statutory filings, corporate records, and regulatory obligations are met for every entity

• Coordinate insurance and the finance side of risk management across the platform

• Own the finance technology stack, including selection, implementation, and integration of accounting, reporting, expense, and treasury systems

Operating company accounting

• Own the accounting function for the businesses Onni Capital starts, currently Valorem, Craton Mission Critical, and Panni Consulting, including implementation of the accounting system, chart of accounts, and month end close

• Establish the billing, revenue recognition, and cost allocation approach for Panni Consulting, including internal preferred rate work and external market rate engagements

• Set up banking, payment controls, expense management, and approval thresholds for each new entity as it is formed

Transactions

• Own purchase accounting on acquisitions alongside the private equity team, including purchase price allocation, opening balance sheets, contingent consideration, and post close true ups

• Support diligence on quality of earnings, working capital pegs, and net debt calculations

• Advise on entity structuring and transaction accounting implications ahead of close, working with Onni Group counsel and external tax advisors

• Set up treasury, banking, and controls inside newly acquired businesses as part of the first hundred days

Team and standards

• Manage the Intermediate Accountant and build out the accounting team as the platform grows

• Automate reporting wherever it can be automated, using modern AI and finance tooling rather than adding headcount

• Document processes, models, decisions, and operating standards so successful approaches can be repeated across the team

What You Bring

• CPA designation, with meaningful private equity, fund, or investment management accounting experience. This is a requirement, not a preference. You should have owned fund level books, investor reporting, and capital account mechanics before

• Direct experience with purchase accounting and business combinations, including purchase price allocation and opening balance sheets

• Experience owning an external audit end to end, as the person the auditors dealt with rather than a contributor to someone else's file

• Experience implementing an accounting system from scratch, or materially rebuilding one, rather than only operating an established one

• Genuine financial planning and analysis capability. Budgeting, forecasting, variance analysis, and the judgment to know which variances matter

• Treasury capability, including cash forecasting, banking administration, payment controls, and management of debt facilities and covenant compliance

• Experience designing and operating an internal control framework, including segregation of duties, approval authorities, and fraud prevention

• Working command of corporate and indirect tax compliance, and the judgment to know when to bring in an external advisor

• Strong technical accounting knowledge under ASPE and IFRS, with the ability to research a position, document it, and defend it

• Comfort with consolidation across multiple entities, including intercompany transactions and eliminations

• Demonstrated ability to use modern AI tools to