About the role

What will you do at Formulary Financial?

https://www.formulary.co/careers/account/director-of-accounting 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.

Which skills does this role require?

Machine Learning

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