Manager, Institutional Operations

Focus Financial Partners; New York (NY); On-site; USD 170,000 - 185,000; Full time

Benefits offered by this job

Annual cash bonus

Comprehensive benefits (medical,Dental

Vision, Life, 401(k)

Job summary

Focus Partners seeks an experienced CPA-credentialed professional to join the Operations group as a senior member focusing on tax and partnership accounting for private funds and funds of funds. You will own complex reporting, review junior staff output, and serve as a key OCIO reporting contact.

You will manage custodial relationships, K-1 tax allocations, and investor reporting across fund structures, while coordinating with administrators and auditors for year-end tax reporting and K-1

Qualifications

• Bachelor's degree required.
• Active CPA license preferred; not required for candidates with strong fund administration or accounting background.
• 7+ years of relevant experience in fund accounting, investment operations, or tax.

Responsibilities

• Manage custodial relationships and P/L reporting for separate accounts, and oversee capital activity, valuations, and investor reporting for private fund and fund-of-funds vehicles.
• Review and interpret Schedule K-1s and partnership tax allocations, including special allocations, waterfall calculations, and capital account maintenance across fund structures.
• Coordinate with fund administrators, auditors, and tax preparers on year-end tax reporting, K-1 delivery timelines, and resolution of allocation or basis discrepancies.
• Prepare and review comprehensive client and management reports, including performance, exposure, and tax-related disclosures for OCIO clients.
• Serve as a senior point of contact for OCIO client servicing teams and portfolio managers on portfolio reporting, performance, and tax/K-1-related inquiries.
• Review and approve fee invoice payments and capital call/distribution processing for private fund investments.
• Lead and/or contribute to operational due diligence on prospective and existing fund investments, including manager operational reviews and service-provider assessments.
• Work with various levels/members of the investment team to evaluate new investment strategies.
• Review, mentor, and train junior associates; serve as a quality-control checkpoint on reporting and reconciliation work before client delivery.
• Identify and implement process improvements to portfolio-level reporting, performance calculation, and tax-allocation workflows.
• Interact with all groups and levels of management, including client-facing communication requiring discretion and precision.

Skills

CPA credential

Senior financial reporting

OCIO client reporting

Team mentorship

Tax reporting (K-1s)

Advanced Excel

Fund accounting

Education

Bachelor's degree

CPA license (preferred)

Tools

Microsoft Excel

Portfolio accounting systems

Job description

Job Description Summary

We are seeking an experienced, CPA-credentialed professional to take on a senior role within our Operations group, adding depth in tax and partnership accounting for private funds and funds of funds. This person will own complex reporting and reconciliation work, review the output of junior staff, and serve as a key point of contact for OCIO client reporting requirements.

Primary Responsibilities

• Manage custodial relationships and P/L reporting for separate accounts, and oversee capital activity, valuations, and investor reporting for private fund and fund-of-funds vehicles.
• Review and interpret Schedule K-1s and partnership tax allocations, including special allocations, waterfall calculations, and capital account maintenance across fund structures.
• Coordinate with fund administrators, auditors, and tax preparers on year-end tax reporting, K-1 delivery timelines, and resolution of allocation or basis discrepancies.
• Prepare and review comprehensive client and management reports, including performance, exposure, and tax-related disclosures for OCIO clients.
• Serve as a senior point of contact for OCIO client servicing teams and portfolio managers on portfolio reporting, performance, and tax/K-1-related inquiries.
• Review and approve fee invoice payments and capital call/distribution processing for private fund investments.
• Lead and/or contribute to operational due diligence on prospective and existing fund investments, including manager operational reviews and service-provider assessments.
• Work with various levels/members of the investment team to evaluate new investment strategies.
• Review, mentor, and train junior associates; serve as a quality-control checkpoint on reporting and reconciliation work before client delivery.
• Identify and implement process improvements to portfolio-level reporting, performance calculation, and tax-allocation workflows.
• Interact with all groups and levels of management, including client-facing communication requiring discretion and precision.

Qualifications

• Bachelor's degree required
• Active CPA license preferred; not required for candidates with a strong background in fund administration or accounting.
• 7+ years of relevant experience in fund accounting, investment operations, or tax, with direct exposure to private funds and/or funds of funds.
• Working knowledge of partnership taxation and allocation methodologies (K-1s, special allocations, waterfalls, capital account maintenance).
• Highly familiar with performance metrics and calculations, including IRR, TWR, and PME.
• Familiarity with private equity / private credit reporting KPIs, such as PIC, DPI, TVPI, and RVPI.
• Understanding of OCIO client requirements - institutional reporting standards, client communication expectations, and compliance-sensitive documentation.
• Strong knowledge of finance and markets across asset classes.
• Proficiency with Microsoft Office suite and its reporting capabilities (particularly Excel); comfort learning firm reporting and portfolio accounting systems.

This position is a Exemptposition.

The annualized base pay range for this role is expected to be between $170,000-$185,000base salary compensation range. Actual base pay may vary based on factors including, but not limited to, experience, subject matter expertise, geographic location where work will be performed, and the applicant's skill set. The base pay is just one component of the total compensation package. Please note that the job title is subject to change based on the selected candidate's experience and education.

Benefits

• Other rewards may include an annual cash bonus and a comprehensive benefits package, including but not limited to medical, dental, vision, life insurance, and 401(k).

Focus Partners is an organization of wealth, asset, and business management resources that brings strength, innovation, and partnership to client relationships. Through a comprehensive range of services, Focus Partners supports clients at every stage of life, helping them manage their financial future. Focus Partners uses research-backed investment strategies to create custom-built portfolios and delivers personalized wealth planning solutions to clients in all 50 states. Focus Partners is part of Focus, a leading financial services firm comprised of wealth management, family office, and business management services. To learn more about Focus, visit focuspartners.com or follow the company on LinkedIn.

Focus is a leading financial services firm comprised of integrated wealth management, family office, and business management services. Blending deep expertise and expansive resources with a boutique, client-first fiduciary philosophy, Focus helps individuals, families, and institutions navigate complex financial situations with highly personalized solutions tailored to their unique needs. To learn more about Focus, visit www.focusfinancialpartners.com or follow the company on LinkedIn.

EEO Statement

Focus is an equal opportunity employer and bases its employment decisions on the employee or candidate's skillset, and without regard to an employee or candidate's race, color, religion, sex (including pregnancy), gender identity, sexual orientation, national origin, age, disability, genetic information, veteran status, or any other characteristic protected by local, state and/or federal law.

Focus complies with federal and state disability laws and makes reasonable accommodations for applicants and employees with disabilities. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact [e-mail]

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