Fund Accountant

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, including:
• 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.
• Aid 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 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 as an individual on a supportive team.
• 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
• IFRS 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. We are unable to sponsor or take over sponsorship of an employment Visa at this time.

How to Apply

Please fill out the below fields, and attach a Resume and Cover Letter. Why a Cover Letter? We receive a high volume of applicants, and we have real humans that read each and every resume, we encourage you to use creativity in your Cover Letter and speak directly to why you want to join our team!

We will review your resume in as timely a manner as we are able to, so kindly refrain from reaching out to hiring managers or other Opto team members via email or linkedin, as this won't improve or fast track your application.

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 $90,000-$110,000 dependent on skills, experience and expected contribution.
• All full time employees at Opto enjoy:
• Significant equity
• Health, dental, and vision insurance
• Unlimited PTO
• Retail Savings Plan (401k)
• Learning, Fitness, & Commuter stipends
• Paid Holidays

Location

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

Eligibility

• Opto can only hire candidates who reside in the following states:
• California, Colorado, Florida, Idaho, Illinois, Maine, Maryland, Nevada, New Jersey, New York, North Carolina, North Dakota, Pennsylvania, Rhode Island, Tennessee, Texas, Virginia, and Washington.

If you do not currently live in one of these states, you must relocate to an approved state or have a confirmed address there prior to your start date.