Nav Oversight Associate Jobs (NOW HIRING)

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.

Base Salary Ranges

Please review the job posting for the location of this specific opportunity.

$173,000.00 - $295,000.00 for the location of: Maryland, Colorado, Washington and remote workers
$190,000.00 - $324,000.00 for the location of: Washington, D.C.
$216,000.00 - $350,000.00 for the location of: New York, California

Placement within the range provided above is based on the individual's relevant experience and skills for the role. Base salary is only one component of our total compensation package. Employees may be eligible for a discretionary bonus, which is determined upon company and individual performance.

This job posting is expected to be available until:

07/5/2026

Commitment to Diversity, Equity, and Inclusion

At T. Rowe Price, our associates are our greatest asset. We thrive because our company culture is built on inclusion and because we sustain a work environment where associates can bring their best selves to work every day. The backgrounds, talents, and experiences of our global associates allow us to embrace new ideas and perspectives that move our business priorities forward and enable us to deliver strong client outcomes. Here, you can expect equal opportunity and fair and consistent treatment for all.

Benefits

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.