Fund Accountant

Opto Investments•New York, NY

12h•$90,000 - $110,000•Onsite

About The Position

Opto is seeking a Fund Accountant to join their team in a fast-paced, engaging environment. This role will work cross-functionally with product, engineering, and operations teams to build the foundation of Opto's investment offering, implement controls, and partner with technology to automate processes. The successful candidate will be responsible for assisting with the quarterly NAV close and financial statement process, including reconciliations, complex private portfolio company transactions, waterfall and carried interest calculations, management fees, and performance metrics. They will also assist with the funds' day-to-day operations, including capital calls and distributions, support valuation governance, lead the annual audit process, oversee the tax process, contribute to product development and new fund launches, design and implement accounting policies, internal controls, and best practices, partner with various departments to provide analyses and data, and coordinate the fund's payment and expenses process. The ideal candidate has a builder's mindset, a customer service focus, strong critical thinking and problem-solving abilities, excellent communication skills, experience with technology automation, and a solid understanding of risk management and internal controls.

Requirements

2–6 years of progressive experience in fund accounting within private equity, fund administration, or alternative investments.
Required knowledge and expertise in interpreting and understanding Limited Partnership Agreements and Private Placement Memoranda.
Skilled in working with complex entity structures and report consolidations.
Strong critical thinking, problem-solving, and decision-making abilities.
Excellent communication skills and ability to multitask to meet multiple deadlines.
Experience overseeing and monitoring the timely delivery of top-quality client deliverables.
Experience using technology to automate processes and gain efficiency.
Experience in providing training and guidance to new and existing team members.
Well-versed in risk management, identifying risk, and implementing appropriate controls.
Proficiency with Excel and data analysis; familiarity with process automation tools.
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.

Nice To Haves

Public accounting experience (Big 4/Top 10) preferred but not required.
Experience working in a startup environment.
Registered Fund working experience.
IFRS experience.
A CPA or plans to pursue.

Responsibilities

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.
Reconcile P&L, cash, capital, and investment positions.
Handle complex private portfolio company transactions, including secondary transactions, co-investments, and restructuring events.
Perform waterfall and carried interest calculations with full audit trail and compliance with side letters.
Manage management fees, offsets, and expense allocations.
Calculate Gross and net IRR calculations and other performance metrics (TVPI, DPI) for investor reporting.
Assist 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.