Fund Controller

Opto Investments

Opto Investments

Accounting & Finance
New York, NY, USA
Posted on Tuesday, April 23, 2024

Company Overview

We are on a mission to ensure that the financial system is routing money to the best ideas while helping people build and protect their long-term financial health. Our platform empowers financial advisors to learn about, build personalized strategies around, and invest in (previously inaccessible) private investments to help them grow their businesses and improve the outcomes of their clients.

The market for private investments is expected to grow by $2 trillion in the next decade, but remains largely inaccessible to the majority of non-institutional investors. Our platform provides exclusive educational content, personalized guidance, bespoke investment options, and a streamlined investment process to help make these investments more accessible than ever before.

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:

  • Oversee the NAV and financial statement process for funds, reviewing work prepared by our third-party administrator, including:
    • Complex private portfolio company transactions and application of manager-provided prices
    • Waterfall and carried interest calculations
    • Differing management fee arrangements
    • Gross and net IRR calculations
    • Ensuring accounting and presentation is consistent with U.S. GAAP and Limited Partnership Agreements
  • Assist with the funds’ day-to-day operations, including:
    Planning and coordinating capital calls and distributions, managing the end-to-end process, and reviewing calculations and notices produced by our third-party administrator
    • Payment of fund fees and expenses
    • Coordination of investment funding
  • Oversee annual audit process for the funds, coordinating with fund administrator and auditors
  • 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
  • Establish the internal accounting and finance policies and procedures to ensure best practices are always being followed
  • Assist Business, Investor Relations, and Compliance teams, among others, providing information and data to respond to queries and performing ad hoc analyses based on the funds’ or investors’ activity
  • Coordinate the fund's payment and expenses process to ensure compliance with the fund documents and 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 Memorandum.

- 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 in using technology to automate processes and gain efficiencies.

- 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.

Bonus Skills

  • Experience working in a startup environment

Background

  • 2-3+ years’ experience from a public accounting firm, alternative investment firm, or fund administrator and
  • 2-3+ years’ experience with private equity fund accounting and operations
  • A CPA or plans to pursue.

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 $135,000-$165,000 dependent on skills, experience and expected contribution.

All full time employees at Opto enjoy:

  • Significant equity
  • Health, dental, and vision
  • Unlimited PTO
  • Retirement savings plan (401k)
  • Learning, Fitness & WFH stipends
  • Paid Holidays, Including closing the week in between December 25th and January 1st