Head of Fund Finance & Administration - US

Key Responsibilities

• Design chart of accounts, general ledger structure, and accounting policies for Infra One's master fund template.
• Build NAV calculation procedures: mark-to-market policies, reserve methodologies, expense allocation, fee and carry waterfall models.
• Own the capital call and distribution mechanics: investor account tracking, payment flows, reconciliation, and audit support.
• Establish valuation policies for illiquid/unlisted holdings (cost method, comparable company analysis, etc.) and coordinate with risk/CIO on valuation sign-off.
• Financial Operations & Controls: Design dual-control procedures for cash movement, expense reimbursement, and fee calculations. Build and oversee reconciliation protocols: bank accounts, custody statements, investor ledgers, and trial balances. Establish audit-ready records management and coordinate with external auditors and tax advisors.
• Own quarterly/annual close process: accruals, cutoffs, intercompany eliminations, and financial statement preparation.
• Multi-Fund Management: Establish procedures to run multiple funds (3, 5, 10+) with independent books, investor registers, and reporting. Coordinate investor onboarding: investor data capture, account setup, AML/KYC handoff to operations. Build investor reporting packs: quarterly capital account statements, performance summaries, and K-1 preparation for US investors.
• Custodian & Banking Relationships: Negotiate and manage custodial arrangements with tier-1 US custodians (State Street, BNY Mellon, etc.). Ensure assets are held in segregated accounts and custody statements flow directly to investors per Advisers Act. Reconcile custodian reporting with internal records; flag discrepancies and unusual transactions.
• Scalability & Systems: Build repeatable processes and checklists for closing new funds and adding new GPs. Define technical infrastructure needs: accounting software (e.g., NetSuite, Investview), reporting automation, and data integrity controls.

Requirements

• Experience & Expertise: 8–15 years in fund accounting, fund administration, or investment operations at a PE firm, venture platform, or hedge fund. Hands-on experience designing and running fund accounting for 2+ funds simultaneously. Deep knowledge of LP accounting, capital accounts, carry/fee waterfall modeling, and tax coordination. Experience with Delaware LP and LLC structures and tax pass-through reporting (K-1s). Strong audit and financial controls background; comfort with SOX-adjacent rigor even without formal requirements. Exposure to fund administration platforms (SS&C, Apex, Citco, Northern Trust) and their workflows.
• Mindset & Approach: Architect's mindset: you design systems for repeatability and scale, not one-off solutions. Operational excellence: you obsess over clean data, audit trails, and process discipline. Detail-oriented but strategic: you understand how accounting choices affect GP incentives and fund positioning. Low ego, high ownership: you are comfortable hiring and managing people smarter in certain domains, but you own the whole system.
• Nice to Have: CPA or CPA-eligible; MBA in finance. Exposure to multi-jurisdiction funds (US + Europe). Experience with infrastructure or venture fund management.