Fund Formation Specialist

Opto Investments, Inc.; New York (NY); On-site; USD 140,000 - 185,000; Full time

Benefits offered by this job

Health, dental, and vision insurance

Unlimited PTO

401k retirement savings plan

Learning, Fitness and Commuter stipnds

Paid Holidays

Job summary

Opto Investments, Inc. is seeking an experienced fund formation specialist to drive private fund platform projects, regulatory initiatives, and tech-enabled enhancements within the legal function.

Ideal candidates have law-firm or in-house investment funds experience, strong project management and exceptional communication. This is a high-exposure, onsite role based in New York City with comprehensive benefits.

Qualifications

• Excellent communication, analytical and problem-solving skills.
• Attention to detail and ability to own processes with minimal oversight.
• At least 3 years experience with a major law firm or in-house legal department on investment funds.
• Ability to identify inefficiencies and implement tech-enabled solutions.
• Strong time management and ability to handle urgent, high-volume work.

Responsibilities

• Advising on legal and regulatory matters related to private funds formation, marketing and operation.
• Project managing complex assignments and regulatory initiatives across multiple stakeholders.
• Collaborate with internal teams to create efficiencies through tech solutions and process improvements.
• Support investor onboarding, queries, and fund lifecycle processes.
• Conduct legal research and due diligence on securities laws and regulations.
• Act as liaison between company, outside counsel, vendors and other parties.
• Prepare and file regulatory documentation such as Form ADV, Form D, Blue Sky.

Skills

Communication

Attention to detail

Fund formation experience

Project management

Tech-minded

Education

J.D. or advanced degree

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 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

Opto Investments, an innovative technology company, is seeking an experienced fund formation specialist to principally work on Opto’s private fund platform, complex legal project management, regulatory compliance initiatives and to generally support the legal team in its broad array of responsibilities.

This role calls for technical aptitude and a willingness and desire to integrate technology and efficiency into traditional legal functions. The nature of the work demands a creative and driven individual that is comfortable taking ownership of large projects and collaborating with other internal and external teams, including Operations, Investment Management, Product and Engineering. The ideal candidate will have experience in a law firm, investment firm or technology company, substantive project management experience, and exceptional communication and organizational skills. This is a high-exposure role, instrumental in driving Opto’s business and requires a high level of attention to detail and initiative to infuse technology in our internal processes and external products and services.

Your day-to-day will include:

• Advising on a broad range of legal and regulatory matters related to the formation, distribution/marketing, and operation of private funds, special purpose vehicles and access funds.. This includes preparing and negotiating private placement memoranda, partnership agreements, side letters, investment management agreements, and other fund-related documents.
• Project managing complex assignments and regulatory initiatives across multiple stakeholders from start to finish.
• Partner with internal teams to create efficiencies in internal legal processes, implementation of technological solutions and completion of projects and deliverables.
• Support client and relationship teams with investor onboarding, investor queries, and fund lifecycle processes.
• Performing a variety of legal research and due diligence review and analysis regarding securities laws, rules and regulations and other issues related to the company’s business.
• Building relationships and acting as liaison between company, outside counsel, vendors and other internal and external parties.
• Preparing and filing regulatory compliance documentation, as required, including Form ADV, Form D, Blue Sky and others.
• Handling corporate and entity matters, including forming and maintaining fund vehicles, general partner entities; supporting corporate governance, entity management, and maintenance of organizational records; and assisting with the company’s own corporate and commercial matters.

About You

Required Skills

• Excellent communication, analytical, and problem-solving skills.
• Attention to detail and quick learner who can own certain processes with minimal oversight.
• At least 3 years experience working with a major law firm or in-house legal department working on investment funds.
• Ability to identify inefficiencies and process pain points and expeditiously problem solve and solution with a technology mindset.
• Ability to prioritize time-sensitive projects and pivot to urgent matters while maintaining timely deliverables and workload management.
• Experience with legal and/or regulatory requirements for financial products and services, including private funds.
• Self-starter with a high sense of urgency, personal accountability, and ownership.
• Experience identifying, recommending and implementing process improvements.
• Ability to manage a high volume of work in a fast-paced, high pressure, constantly-changing environment.

Bonus Skills

• J.D. or advanced degree
• Direct experience with SEC-registered investment advisor and/or broker-dealer
• Experience working in a startup environment
• Specialized experience with private investments
• Expertise with private fund offering documents and structures
• Experience with registered funds

Compensation and Benefits

Opto has a high bar for talent, and we are committed to building the best teams possible. Candidates shall not be 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 $140,000-$185,000 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 and Commuter stipends
• Paid Holidays

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