About the role

What will you do at Formulary Financial?

https://www.formulary.co/careers/account/staff-accountant What You Need 1-2 years of fund accounting experience in venture capital, growth equity or private equity asset classes. Track record of achievement at a leading fund administration services business. Bachelor’s degree in Accounting or related field required.

Passion for technology and a desire to use technology to improve business operations. Experience scoping out system requirements and implementing new systems. Superior proficiency with financial statements and fund accounting tools and solutions (different general ledgers, bookkeeping systems) A keen interest in using AI and machine learning to solve complex problems.

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

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