Fund Accountant

Optoinvest; New York (NY); On-site; USD 90,000 - 110,000; Full time

Benefits offered by this job

Health, dental, and vision insurance

Unlimited PTO

401k retirement savings plan

Learning and fitness stipends

Job summary

Optoinvest is seeking a Fund Accountant in New York City to enhance operations in private markets. You will assist in the financial statement process, lead audits, and design accounting policies in a fast-paced environment.

The ideal candidate has 2–6 years of relevant experience and a CPA or plans to pursue one. The role emphasizes problem-solving and strong communication skills, aiming to provide top-notch service to clients.

Competitive salary ranges from $90,000 to $110,000, alongside comprehensive benefits including equity and unlimited PTO.

Qualifications

• Experience interpreting Limited Partnership Agreements.
• Ability to oversee timely delivery of client deliverables.
• Proficient in risk management and implementing controls.

Responsibilities

• Assist with quarterly NAV close and financial statement process.
• Lead the annual audit process including PBC coordination.
• Design and implement internal controls to scale finance operations.

Skills

Critical thinking

Problem-solving

Data analysis

Knowledge of U.S. GAAP

Customer service mindset

Education

2–6 years in fund accounting

CPA or plans to pursue

Tools

Excel

Data automation tools

Job description

Opto is engineering the future of private markets to improve client outcomes and drive capital to the most transformative ideas.

The opportunity is huge. The global alternative investments industry is forecast to grow to $30T by 2029, however the private investment process typically remains opaque, highly manual, and error‑prone, which limits access to the select few insiders who are willing to bear the pain.

Opto is a revolutionary end‑to‑end solution for wealth managers of any size – from small investment advisors to large multi‑family offices to private banks – to build, fundraise for, and manage private markets programmes at scale. We combine exceptional Silicon Valley engineering talent with experienced investors and industry specialists to fix this broken system through the power of technology. Our platform banishes the nightmare of slide decks, spreadsheets, and paperwork to the past, and arms our clients with the tools, data, and guidance to identify and access the right opportunities for their clients.

Fixing private markets will not be easy and demands courage, but we’re not afraid to do things differently. We are unapologetically bold. We value strong opinions, clear communication, and purposeful execution.

Up for the challenge? Come join us.

About the Role

In a fast‑paced, engaging environment, you will work cross‑functionally with our product, engineering, and operations teams. You will be responsible for building the foundation of our investment offering, implementing controls, and partnering with technology to automate processes.

Your Day‑to‑Day will include

• Assist with the quarterly NAV close and financial statement process, reviewing administrator workpapers and reconciliations to ensure accuracy and compliance with U.S. GAAP and Limited Partnership Agreements, including:
  • Reconciliations of P&L, cash, capital, and investment positions
  • Complex private portfolio company transactions, including secondary transactions, co‑investments, and restructuring events.
  • Waterfall and carried interest calculations with full audit trail and compliance with side letters.
  • Management fees, offsets, and expense allocations.
  • Gross and net IRR calculations and other performance metrics (TVPI, DPI) for investor reporting.
  • Assist with the funds’ day‑to‑day operations, including:

    Planning and coordinating capital calls and distributions, managing the end‑to‑end process, including review of calculations, notices, and wire execution.

• Support valuation governance under ASC 820, prepare pricing documentation, and coordinate materials for valuation committee approval.
• Lead the annual audit process, including PBC coordination, audit queries, and timely issuance of audited financials.
• Oversee tax process for the funds, coordinating with tax providers and/ or fund administrator.
• Contribute industry and operational knowledge to product development and new fund launches.
• Design and implement accounting policies, internal controls, and best practices to scale finance operations.
• Partner with Business, Investor Relations, and Compliance, providing analyses, data, and responses to investor and regulatory queries.
• Coordinate the fund’s payment and expenses process to ensure compliance with the fund documents, timely and accurate execution, and reporting.

About You

You have a builders mindset and are excited to develop processes and a team with a customer service mindset. You are willing to dive into problems and have a track record of driving solutions.

• You are interested in offering top‑notch service to your clients.
• You have the required knowledge and expertise in interpreting and understanding Limited Partnership Agreements and Private Placement Memoranda.
• You are skilled in working with complex entity structures and report consolidations.
• You have strong critical thinking, problem‑solving, and decision‑making abilities.
• You take pride in your excellent communication skills and can multitask to meet multiple deadlines.
• You have experience overseeing and monitoring the timely delivery of top‑quality client deliverables.
• You are interested in working in a fast‑paced environment as an individual on a supportive team.
• You have experience using technology to automate processes and gain efficiency.
• You have experience in providing training and guidance to new and existing team members.
• You are well‑versed in risk management, identifying risk, and implementing appropriate controls.
• Proficiency with Excel and data analysis; familiarity with process automation tools

Bonus Skills

• Experience working in a startup environment
• Registered Fund working experience
• IFRS experience

Background

• 2–6 years of progressive experience in fund accounting within private equity, fund administration, or alternative investments. Public accounting experience (Big 4/Top 10) preferred but not required.
• A CPA or plans to pursue.
• Applicants must be authorized to work for ANY employer in the U.S. We are unable to sponsor or take over sponsorship of an employment Visa at this time.

Compensation and Benefits

Opto has a high bar for talent, and we are committed to building the best teams possible. Candidates are never subjected to discrimination based on race, citizenship, religion, ethnicity, gender or gender identity, sex, pregnancy, national origin, age, sensory, mental, or physical disability, or any other characteristic.

The successful candidate for this role can expect a generous compensation and benefits package. The cash salary range for this role is $90,000-$110,000 dependent on skills, experience and expected contribution.

• Significant equity
• Health, dental, and vision insurance
• Unlimited PTO
• Retirement savings plan (401k)
• Learning, Fitness, & Commuter stipends
• Paid Holidays

This position is based primarily onsite in our New York City office.

At this time, Opto can only hire candidates who reside in the following states:
California, Colorado, Florida, Idaho, Illinois, Maine, Maryland, Nevada, New Jersey, New York, North Carolina, North Dakota, Pennsylvania, Rhode Island, Tennessee, Texas, Virginia, and Washington.

If you do not currently live in one of these states, you must relocate to an approved state or have a confirmed address there prior to your start date.