Director, Fund Accounting

Obra Capital; New York (NY); On-site; USD 200,000 - 250,000; Full time

Benefits offered by this job

Medical coverage

401(k) match

FSA/HSA

Lunch stipend

Commuter benefits

Life Insurance

Disability insurance

Job summary

Obra Capital, Inc. in New York seeks a Director of Fund Accounting to lead a team and oversee fund accounting processes under U.S. GAAP.

The role involves managing NAV finalization, P&L, and investor allocations across open-ended and closed-ended funds, and coordinating with Operations, IR, Tax, Legal, and Compliance. The ideal candidate has a CPA (preferred), 9+ years of fund accounting experience, and strong Excel and analytics.

Qualifications

• Bachelor's degree in Accounting or Finance required.
• 9+ years of fund accounting experience.
• CPA certification preferred.
• Strong Excel skills and analytical mindset.
• Attention to detail and teamwork.

Responsibilities

• Lead a team in overseeing fund accounting and treasury functions.
• Own NAV finalization, P&L, and investor allocations for funds.
• Coordinate with Operations, IR, Management Reporting, Tax, Legal, and Compliance.
• Review fees calculations and payments per governing documents.
• Review capital calls, distributions, and notices.
• Oversee financial statements prepared by external administrators.
• Prepare quarterly unaudited and annual audited financial statements.
• Coordinate year-end audits with external auditors.
• Review K-1s prepared by external tax preparer.
• Prepare monthly attribution reports and fund forecasts.

Skills

Leadership

Attention to detail

Analytical skills

Advanced Excel

Education

Bachelor's degree in Accounting or Finance

Tools

Enfusion

Sage Intacct

Expensify

Job description

Obra Capital, Inc. is a specialized alternative asset management firm that provides investment products and solutions across insurance special situations, structured credit, asset-based finance, and longevity. The firm aims to generate long-term value and attractive returns for investors through a variety of vertically integrated commingled funds and separate accounts. With capabilities in investing, originating, structuring, and servicing, Obra provides differentiated investment opportunities and capital solutions for investors globally. For more information about Obra, please visit www.obra.com.

We are seeking a Director of Fund Accounting to join our team in New York.

Position Overview

As the Director of Fund Accounting, you will lead a team and oversee fund accounting processes, ensuring adherence to U.S. GAAP standards. Your responsibilities will encompass review of subordinates' work and fund administrator NAV packages. Additionally, you will coordinate with various departments within the firm, such as Operations, Investor Relations, Management Reporting, Tax, Legal, and Compliance, and manage external third-party fund administrators.

Responsibilities

• Manage and lead a team in overseeing the fund accounting and treasury function.
• Take ownership of NAV finalization process including P&L and position reconciliation and allocation to investors for open-ended and closed-ended private fund structures. Investigate and resolve discrepancies with third-party fund administrators and internal teams.
• Review and reconcile the calculation and payment of management and incentive fees in accordance with the funds' governing documents.
• Review capital calls, distribution allocations, and notifications.
• Review the work of junior team members.
• Oversee and review quarterly and annual financial statements and workbooks prepared by third party administrators, by verifying accuracy and completeness of balance sheet items, income statement items, and other items.
• Approve client capital account statements generated by third-party administrators.
• Prepare quarterly unaudited financial statements and annual audited financial statements following U.S. GAAP. Coordinate with external auditors for the year-end audit process.
• Review K-1s prepared by external tax preparer.
• Prepare and create monthly attribution performance reports for senior management.
• Prepare and review monthly fund forecasts, NAV performance estimates, and handle other ad-hoc requests/projects.
• Provide inputs for annual regulatory reporting, investor letters, custom client reporting, and firm-level reporting.
• Collaborate with various internal teams, including Operations, Investor Relations, Management Reporting, Tax, and Legal and Compliance.
• Review fund legal documents and continuously streamline or improve processes and templates.
• Engage in special projects and contribute to firm strategic initiatives. Assist in creating and implementing procedures, workflows, and controls.

Education And Qualifications

• Bachelor's degree (or above) in Accounting or Finance is preferred.
• 9+ years of relevant fund accounting experience.
• CPA certification is preferred.
• Experience with Credit Products is preferred.
• Familiarity with Enfusion, Sage Intacct, and Expensify is advantageous.
• Possess a strong work ethic and maintain a positive team player attitude.
• Demonstrated excellent attention to detail, accuracy, and analytical skills.
• Proficient in advanced Microsoft Excel.

Compensation

The expected base salary range for this role is outlined below. In addition to the base salary, total compensation may include a discretionary bonus based on performance. This range given is a best faith estimate which reflects a variety of factors, including years of relevant experience, education, location and other qualifications pertinent to the position. Base salary does not include any other performance based compensation such as year end cash bonus.

• Comprehensive Medical/Rx, Dental and Vision plans
• 401(k) program with company match
• Flexible Savings Accounts (FSA)
• Healthcare Savings Accounts (HSA) with company contribution
• Basic and Voluntary Life Insurance
• Long-Term Disability (LTD) and Short-Term Disability (STD) insurance
• Commuter Benefits plan for parking and transit
• In addition all employees of Obra are provided with a daily lunch stipend.

Salary Range

$200,000 - $250,000 USD