Accounting Manager

What Impact You Will Own and Drive

• Fund Administration and Client Service Delivery: Responsible for end to end oversight and execution of all client deliverables and communications.

  • Fund Administration Deliverables: Generate accurate, fund administration deliverables in a timely manner, and consistent with the scope of work. This includes generating reports and overseeing deliverables produced by other members of the team.

  • Partner to Product Development Team: Identify, propose and help launch automation and systemization improvements.

  • Compliance: Ensure all activities adhere to Formulary's internal standards, controls and industry requirements (regulatory, legal, tax, audit).

  • Master Complex Calculations: Generate and perform rigorously review waterfall distributions and capital calls/contributions, verifying adherence to the Limited Partnership Agreements (LPAs).

• Project and Team Management: Ensure that the teams are operating effectively and efficiently to deliver excellent client service.

  • Team Build: Participate in recruitment, development, and supervision of the staff accountant.

  • Operations: In-charge of the day to day with the staff accountant, email traffic, capital calls, and inquiries.

  • Mentorship and Development: Serve as a coach to other team members.

• Client Service and Partnership: Nurture and maintain trust-based relationships with clients.

  • Thought Partnership: Identify opportunities to serve as a thought partnership to general partners and limited partners.

  • Client Communications: Serve as the first line of defense for all client inquiries, needs, and opportunities.

What You Need

• 3-7 years of fund accounting experience in venture capital, growth equity or private equity asset classes.

• Demonstrated impact at a leading fund administration services firm.

• 2+ years of experience hiring, training and managing a team of fund accountants, inclusive of managing a team of entry level fund accountants.

• Bachelor’s degree in accounting or a related field.

• A keen interest in using AI and machine learning to solve complex problems.

• Experience scoping out system requirements and implementing new systems

• Deep, practical experience with the entire investment lifecycle (from fund formation to fund dissolution) for venture capital, growth equity, and private equity asset classes.

• Strong knowledge of industry best practices for fund management and operations, including regulatory, tax, audit, compliance and other areas.

• Experience with Limited Partnership Agreements, LLC Operating Agreements, and other legal requirements. Understanding of traditional close-ended fund structures, SPVs, GP entities, blocker entities, parallel entities, and other investment structures (e.g. evergreen, master/feeder, and series fund structures)..

• Thorough understanding of GAAP (Generally Accepted Accounting Principles) and regulatory compliance, specifically as related to calculations and journal entries.

• Proficiency in preparing fund financial statements (Statement of Assets and Liabilities, Schedule of Investments) and comprehensive Limited Partner (LP) reporting, including capital account statements.

• Strong knowledge of tax, audit and compliance regulations and requirements.

• Experience with SOC 1 and SOC 2 controls to develop and maintain robust internal systems to ensure data security, operational reliability, and meet client audit requirements.

• Fluency with software solutions and openness to explore and adapt modern technologies and resources to deliver an enhanced and more efficient client service experience.

Extra / Bonus

• Demonstrated impact as a founding member of a fund administration services business.

• Experience in leveraging AI/ML to solve different problems in fund administration.

• Track record in achieving operational excellence and efficiencies through tech-enabled automation and systemization.

• CPA certification.