Fund Accountant

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

Job summary

A financial technology firm in New York is seeking an experienced fund accountant. You will work cross-functionally to build investment offerings and implement controls. The ideal candidate has 2–6 years of experience in fund accounting and is proficient in Excel. Competitive salary between $90,000 and $110,000, along with excellent benefits including health insurance and unlimited PTO.

Benefits

Health, dental, and vision insurance

Unlimited PTO

Retirement savings plan (401k)

Learning, Fitness, & Commuter stipends

Paid Holidays

Qualifications

• Experience interpreting Limited Partnership Agreements.
• Ability to work with complex entity structures.
• Experience overseeing client deliverables.

Responsibilities

• Assist with quarterly NAV close and financial statement process.
• Reconciliations of P&L, cash, and investment positions.
• Lead the annual audit process with full compliance.

Skills

Problem-solving

Critical thinking

Communication skills

Data analysis

Risk management

Education

2–6 years of experience in fund accounting

CPA or plans to pursue

Tools

Excel

Process 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 was worth an estimated $16.8T at the end of 2023, but is forecast to grow to $29.2T by 2029. But 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 programs 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.
• 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 builder's 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 with a supportive team as an individual.
• 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

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.

What We Offer

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.

All full-time employees at Opto enjoy:

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