Director of Accounting

What Impact You Will Own and Drive

• Fund Administration and Client Service Delivery: Ensure flawless, high-quality delivery of end to end fund accounting and back office operations across multiple pods.

• Fund Accounting: Hands-on keys fund accounting processes, e.g. preparing financial statements, waterfalls, LP reporting needs, and any client deliverables.

• Technical Mastery: Serve as an expert in private markets operations and fund accounting by supporting all client needs and guiding the team.

• Accuracy: Ensure that fund administration deliverables are generated accurately, in a timely manner, and consistent with the scope of work.

• Partner to Product Development Team: Identify, propose and adapt innovative technology solutions to deliver service and operational efficiency

• Compliance: Ensure all activities adhere to Formulary's internal standards, controls and industry requirements (regulatory, legal, tax, audit).

• Audit/Tax: Manage, oversee and approve the year-end audit process and tax process.

• Team Development, Culture and Professional Success: Accountable for the team's professional success and well-being, fostering a positive, high-performing culture that is reflected in promotions and positive client feedback.

• Team Strategy and Build: Attract, develop and manage A-players, ensuring a culture of high performance and accountability.

• Mentorship and Growth: Actively develop and mentor team members.

• Culture Carrier: Serve as the steward of Formulary’s culture, ensuring a positive and inclusive work environment as evidenced in high retention.

• Client Service: Responsible for developing and growing strong client relationships.

• Thought Partnership: Serve as a thought partner to general partners and limited partners.

• Growth: Scale the business by servicing more clients while maintaining a very high bar for client satisfaction and excellence.

What You Need

• 8-12+ years of fund accounting impact and experience in venture capital, growth equity and / or private equity asset classes.

• Demonstrated track record of impact and held a management position at a leading fund administration services firm.

• 5+ years of experience hiring, managing and developing a team of fund accountants, inclusive of managing a team of entry level and experienced fund accountants.

• CPA or equivalent accounting degree.

• A keen interest in using AI and machine learning to solve complex problems.

• Deep, practical experience with the entire investment lifecycle (from fund formation to fund dissolution) for venture capital, growth equity, and private equity asset classes.

• Extensive knowledge of industry best practices for fund management and operations, including regulatory, tax, audit, compliance and other areas.

• Experience with Limited Partnership Agreements, LLC Operating Agreements, and other legal requirements. Understanding of traditional close-ended fund structures, SPVs, GP entities, blocker entities, parallel entities, and other investment structures (e.g. evergreen, master/feeder, and series fund structures).

• Thorough understanding of GAAP (Generally Accepted Accounting Principles) and regulatory compliance, specifically as related to calculations and journal entries.

• Master proficiency in preparing fund financial statements (Statement of Assets and Liabilities, Schedule of Investments) and comprehensive Limited Partner (LP) reporting, including capital account statements.

• Complete knowledge of the tax, audit and compliance regulations and requirements.

• Experience with SOC 1 and SOC 2 controls to develop and maintain robust internal systems to ensure data security, operational reliability, and meet client audit requirements.

• Fluency with software solutions and openness to explore and adapt modern technologies and resources to deliver an enhanced and more efficient client service experience.

Nice to have

• Demonstrated impact as a founding member of a fund administration services business.

• Experience in leveraging AI/ML to solve different problems in fund administration.

• Track record in achieving operational excellence and efficiencies through tech-enabled automation and systemization.

• CPA certification.

Who You Are

• You set high goals, are driven to become the best at what you do and do not settle.

• You put the needs, priorities and interests of clients at the heart of everything you do, never compromising customer experience for anything else.

• You nurture an environment that attracts, develops and empowers the brightest minds to collaborate and achieve audacious goals.

• You are mission-driven and motivated to build a category-defining business from scratch.

• You possess relentless drive, grit, and the inspiration to work at an early-stage startup.

• You act like an owner, deal well with ambiguity, and push for results without constant guidance.

• You are an ambitious problem-solver, balance speed and quality, and can effortlessly navigate complex situations.

• You value excellence, integrity, and the meritocracy of ideas.

• You are a strong communicator and collaborator who thrives in a hybrid work environment.

• You provide and receive feedback with honesty, care, and thoughtfulness.

• You are curious and have a rare growth mindset.

• You have a superior attention to detail and are committed to ensure accuracy and excellence in client service, experience, and deliverables.

Why Join Our Mission

• Tangible Ownership. You'll own significant parts of a product used by some of the most sophisticated investment firms in the world.

• Enduring Impact. Private markets hold nearly $30 trillion, and most of it still runs on spreadsheets, PDFs, and inboxes. The platform you build here will change how this industry operates.

• Dream Team. We're deliberate about who we hire. You'll work with some of the brightest minds in AI and finance and do the best work of your career.

• Problem-Solving at the Frontier. We pair people, AI, and deterministic systems to fit the solution to the problem. We automate what's earned and keep a person on the rest.

• Compensation and Equity. Competitive base salary, comprehensive benefits, and equity ownership in a high-growth, funded venture.