---
title: 'Senior Controller at Basic Capital'
canonical: 'https://feeny.ai/job/senior-controller-basic-capital-remote-b9ewtxsqk4bg'
type: 'job'
last_seen: '2026-10-30'
---

# Senior Controller at Basic Capital

- **Company:** Basic Capital
- **Location:** Remote
- **Employment:** full-time
- **Work type:** remote
- **Posted:** 2026-10-28
- **Last confirmed live:** 2026-10-30
- **Apply:** https://jobs.ashbyhq.com/basiccapital/ca1ecaba-5017-4b8a-bd72-2c0f626431e3

## Job description

## About Basic Capital

Basic Capital is a fintech company disrupting America's $1T retirement industry by building the mortgage for retirement, unlocking market ownership, and making wealth accessible to every American. Our mission is to create products, platforms, and a credit marketplace that power a fundamentally new retirement system. Our founding team includes leaders from Goldman Sachs, Uber, Block, Stripe, and Robinhood. We're backed by top investors such as Lux Capital, Forerunner Ventures, BoxGroup, SVAngel, Inspired Capital, and Henry Kravis. Based in Tribeca, NYC, we're assembling a lean, high-performance team committed to reducing wealth inequality. This role is optionally fully remote within the United States. For more information, visit [Basic Capital's website](https://www.basiccapital.com/).

This role We are hiring our first Controller to own accounting, tax, and finance operations at Basic Capital. This individual will manage proprietary investments on our platform that are held through individual LLCs, specifically the annual accounting and tax requirements. You will own accounting and tax for this portfolio: books, reconciliations, annual partnership filings, and the monthly reporting we send to lenders and capital partners. You will also support the company’s own finances, from monthly close and budgeting to AP, AR, and payments. This is a builder role. You will set up the processes, controls, and automation that let this work scale from thousands of entities to tens of thousands, working directly with our engineering and capital markets teams.

You will

- Own accounting and administration for over 1,000 individual LLCs, including the monthly loan tape and servicing tape
- Prepare and file year-end tax returns and K-1s for every LLC
- Partner with engineering to automate accounting workflows using AI, and do deep data work to keep every entity reconciled
- Oversee corporate accounting and payments as the company grows
- Support corporate accounting and operations for Basic Capital: monthly close, budgeting and forecasting, accounts payable, accounts receivable, payroll and payments
- Build the controls, policies, and audit readiness a growing financial company needs

Required Competencies

- Experience with partnership or LLC accounting, including capital accounts, allocations, and K-1s
- Hands-on experience preparing partnership returns in UltraTax CS or similar professional tax software, such as CCH Axcess Tax, CCH ProSystem fx, Lacerte, or GoSystem Tax RS
- Controller-level experience, including monthly close, budgeting, AP/AR, and financial reporting
- Strong data skills, with comfort in SQL, advanced Excel, or both

## Preferred Competencies

- Active CPA license
- Tax experience, ideally with partnerships, funds, or multi-entity structures
- Structured finance accounting experience (e.g., securitizations, loan tapes, SPVs, or warehouse facilities)
- Experience in lending, consumer finance, or fund administration
- Experience working with engineers to build or automate financial workflows

Cultural Fit

- High agency: You believe the world is malleable and want to shape it to your vision.
- High tastes: You have strong opinions on what “good” looks like in your field. Craftsmanship matters.
- Friction friendly: We debate pretty hard. Friction polishes the work. You challenge and expect to be challenged. Compromise leads to mediocrity.
- Tenacity: Relentless work ethic in the face of adversity and rejection.
- Grand ambition: We’re energized by people’s dreams, for the world and for themselves. Energize us.

## About Basic Capital

## Company Overview
- **One-liner**: Basic Capital provides a modern, technology-driven 401(k) platform that uses leverage, private credit, and a "Retirement Mortgage" to give employees more investing power.
- **Entity Type**: Private (Post-Series A)
- **Headquarters**: New York, New York, United States
- **Founded**: 2021
- **Founders**: Abdul Al-Asaad (CEO), Anjan Karanam (CTO)

## Core Business
- **Primary industry**: Financial Services (Fintech, Retirement & Wealth Management)
- **Target customers**: B2B (Employers seeking a high-quality retirement plan for their workforce) and B2C (Employees saving for retirement).
- **Mission or purpose statement**: To build a modern 401(k) that gives employees more capital to invest and build wealth, moving beyond traditional savings plans.

## Products & Services
- **Basic Capital 401(k) Platform**: A fully bundled or modular SaaS platform that handles recordkeeping, administration, and optional advisory (3(21) or 3(38)). Differentiators include real-time compliance testing, a mobile-first interface, and open architecture with 6,000+ investment options.
- **Retirement Mortgage**: A proprietary feature allowing employees to access long-term financing within their 401(k) to increase their investing power (e.g., invest up to 100% in S&P 500) with no margin calls or personal recourse. The cost of financing varies.
- **Mega Backdoor Roth**: The platform automatically maximizes employee contributions through after-tax dollars, pushing the annual deferral limit up to $72,000.
- **Compliance Monitoring**: Real-time tracking and agent-assisted compliance solutions to help fast-growing companies avoid failing annual tests.

## Market Standing
- **Valuation/Market Cap**: Not publicly disclosed.
- **Key Metric**: Total Funding: $25 Million (Series A, closed August 2025).
- **Notable Investors/Partners**: Lux Capital and Forerunner (co-led Series A); Bill Ackman (first investor in 2021).
- **Growth Signals**:
    - **Headcount Growth**: +7.5% monthly employee growth. Currently 22 employees.
    - **Recent Funding**: $25M Series A in August 2025, signaling strong investor confidence in their audacious model.
    - **Press Coverage**: Featured in Bloomberg for their unique use of leverage and private credit in retirement plans.
    - **High Engagement**: 80% of issues resolved within 24 hours; average response time of 25 minutes.

## Competitive Advantages
- **First-of-its-kind leverage**: Pioneered the "Retirement Mortgage," allowing employees to use financing for long-term investing, a feature unheard of in traditional 401(k) plans.
- **High-touch, fast support**: Average response time of 25 minutes and 80% issue resolution within 24 hours, far exceeding industry norms.
- **Real-time compliance**: Proactive, data-driven compliance testing prevents plan failure for high-growth companies.
- **Full architectural freedom**: Open architecture with 6,000+ options plus a brokerage window, combined with a mobile-first user experience designed for modern employees.
- **Product-led growth**: A slick, user-centric product designed to drive adoption without requiring a large sales force.

## Strategic Focus
- **Scaling the platform**: With the $25M Series A, Basic Capital is focused on hiring and expanding its employer base, particularly among fast-growing companies.
- **Continued innovation**: Further development of the Retirement Mortgage and private investment options to differentiate from legacy providers.
- **Building an elite team**: The company culture is explicitly designed to attract "builders" and "high-agency" individuals, emphasizing shipping products and solving hard problems.

## Why Work Here
- **Culture**: High-agency, builder-oriented, and mission-driven. The team operates with a "player-coach" model and no middle management. Core values include "Iterate to greatness," "Real artists ship," and "Stewardship."
- **Work Model**: Primarily in-office based in New York City (HQ) with a strong emphasis on in-person collaboration (likely 5 days/week given the culture).
- **Engineering Culture**: Technical team uses Java, Ruby, TypeScript, Kotlin, Python, and React. CTO Anjan Karanam is hands-on. The company describes itself as "elite problem solvers" focused on important problems.
- **Growth**: High employee growth rate suggests rapid expansion and early-career impact opportunities. The team is currently small (~22 people), so every role has outsized impact.
- **Perks & Benefits**: A top-tier 401(k) plan (Mega Backdoor Roth, Leverage) that employees can actually use; fast operational support; and a sense of building something radically new in a staid industry.

## Sources
1. [Basic Capital Website](https://basiccapital.com/)
2. [Basic Capital Careers Page](https://basiccapital.com/careers)
3. [Basic Capital LinkedIn](https://www.linkedin.com/company/basic-capital)
4. [Bloomberg - 401(k) Investing: Basic Capital Brings Leverage, Private Credit to Savers](https://www.bloomberg.com/news/articles/2025-05-12/401-k-investing-basic-capital-brings-leverage-private-credit-to-savers)
5. [Crunchbase (via LinkedIn) - Basic Capital Profile](https://www.linkedin.com/company/basic-capital)
6. [Business Wire - Basic Capital Closes $25 Million Series A](https://www.businesswire.com/news/home/20250818005007/en/Basic-Capital-Closes-25-Million-Series-A-Funding-Round-Led-by-Forerunner-and-Lux-Capital)

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