Vice President, Fund Accounting

Obra Capital, Inc; New York (NY); On-site; USD 130,000 - 150,000; Full time

Benefits offered by this job

Lunch stipend

Medical insurance

Dental insurance

Vision insurance

401(k) with company match

FSA/HSA

Life Insurance

Disability insurance

Commuter benefits

Job summary

Obra Capital, Inc in New York is seeking a Vice President, Fund Accounting to maintain books and records for funds in accordance with U.S. GAAP and coordinate with a third-party administrator.

The role requires 6+ years of fund accounting experience, a Bachelor’s in Accounting or Finance, CPA preferred, and familiarity with Enfusion and Sage Intacct. Strong detail orientation and teamwork are essential.

Qualifications

• Bachelor’s degree in Accounting or Finance is required.
• At least 6+ years of fund accounting experience.
• CPA preferred.
• Experience with private funds and US GAAP is advantageous.
• Enfusion and Sage Intacct experience a plus.

Responsibilities

• Oversee NAV finalization, P&L reconciliation, and investor allocations.
• Review and reconcile management fees and incentive fees.
• Review capital calls, distributions, and notices.
• Approve client capital statements from third party administrators.
• Prepare quarterly and annual financial statements per US GAAP with external auditors.
• Prepare monthly attribution reporting to senior management.
• Prepare fund forecasts, NAV estimates, and ad-hoc requests.
• Provide inputs for annual regulatory reporting and client reporting.
• Liaise with Operations, Investor Relations, Tax, and Legal & Compliance teams.
• Prepare and review expenses and budgets; manage vendor payments.
• Review fund documents and streamline processes and templates.
• Engage in special projects and firm strategic initiatives.

Skills

Fund accounting

Attention to detail

Team collaboration

Education

Bachelor’s degree in Accounting or Finance

CPA preferred

Tools

Enfusion

Sage Intacct

Job description

Position Overview

Obra Capital is seeking a Vice President, Fund Accounting to join our team in our New York office. The Vice President, Fund Accounting will be responsible with the maintenance of the books and records of funds in accordance with U.S. GAAP. The role will work and collaborate with various departments within the firm, including Operations, Investor Relations, Management Reporting, Tax, and Legal and Compliance. The role will also coordinate and manage the funds’ external third-party fund administrator.

Responsibilities:

• Oversee funds’ NAV finalization process, including P&L reconciliation and allocation to investors, for open-ended and/or closed-ended private fund structures; investigate and resolve discrepancies with third party fund administrator and internal teams

• Review and reconcile the calculation and payment of management and carried interest and/or incentive fees in accordance with the funds’ governing documents

• Review capital calls and distributions allocations and notifications

• Approve client capital account statements generated by third party administrators

• Prepare quarterly unaudited financial statements and annual audited financial statements in accordance to U.S. GAAP and coordinate with external auditors for the year-end audit process

• Prepare monthly attribution performance reporting to senior management

• Prepare and review monthly fund forecasts, NAV performance estimates, and other ad-hoc requests/projects

• Prepare inputs for annual regulatory reporting, investor letters, custom client reporting, and firm level reporting

• Liaise with various internal teams including Operations, Investor Relations, Management Reporting, Tax, and Legal and Compliance

• Prepare and review expense allocations, operating expense budgets, and vendor expense payments

• Review fund legal documents and continue to streamline or build processes and templates

• Engage in special projects and involve in firm strategic initiatives; assist with the creation and implementation of procedures, workflows, and controls

Qualifications:

• Bachelor’s degree (or above) in Accounting or Finance preferred.
• 6+ years of relevant fund accounting experience.
• CPA preferred.
• Experience with Credit is a plus.
• Enfusion and Sage Intacct experience a plus.
• Possess strong work ethic and positive team player attitude.
• Excellent attention to detail / accuracy and analytic skills.
• Advanced Microsoft Excel skills

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 reflects a variety of factors, including years of relevant experience, education, and other qualifications pertinent to the position.

$130,000-$150,000

• 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; and Commuter Benefits plan for parking and transit. In addition all employees of Obra are provided with a daily lunch stipend.

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; and Commuter Benefits plan for parking and transit. In addition all employees of Obra are provided with a daily lunch stipend.

Salary Range

$130,000—$150,000 USD