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Formulary Financial seeks an experienced Accounting Manager to lead fund accounting operations in a hybrid NYC role. You will manage a team of fund accountants while overseeing accounting functions for venture capital, growth equity, and private equity funds.
Key responsibilities include:
- Team leadership: hire, train, and manage fund accountants at all levels
- Fund accounting: handle the complete investment lifecycle from fund formation through dissolution
- Financial reporting: prepare fund financial statements, LP capital account statements, and comprehensive reporting
- Compliance & controls: ensure SOC 1/SOC 2 compliance, manage audit and tax requirements, and maintain robust internal control systems
- Systems & technology: scope and implement new accounting systems; evaluate AI/ML solutions to improve efficiency
- Regulatory expertise: apply deep knowledge of GAAP, Limited Partnership Agreements, LLC Operating Agreements, and complex fund structures (SPVs, blocker entities, parallel entities, master/feeder, series funds)
- Best practices: maintain expertise in fund management operations, tax, audit, and compliance regulations
You will work with modern software solutions and be expected to adapt to emerging technologies that enhance client service delivery. This role requires hands-on involvement in fund administration while building and scaling an accounting team.
Required qualifications:
- 3-7 years of fund accounting experience in VC, growth equity, or PE
- 2+ years managing a team of fund accountants
- Bachelor's degree in accounting or related field
- Thorough GAAP knowledge and regulatory compliance expertise
- Experience with fund financial statements and LP reporting
- Familiarity with SOC 1/SOC 2 controls
- Understanding of complex fund structures and investment lifecycle
- Openness to AI/ML and modern technology adoption
