Job Description
Principal Financial Officer
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Location: New York, NY
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Compensation: $240,000 – $280,000 base salary + annual bonus + long-term incentive opportunities
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Schedule: Hybrid (4 days in-office, 1 day remote)
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Employment Type: Full-Tim
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About the Company
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We are a leading alternative investment firm focused on providing innovative private market investment solutions for financial advisors and their clients. By partnering with premier institutional investment managers, we offer access to sophisticated private credit and alternative investment strategies through investor-friendly fund structures.
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As our platform continues to grow, we are expanding our internal operations to support increased scale, enhance operational excellence, and deliver best-in-class service to investors. This is an opportunity to join a collaborative, entrepreneurial team and play a key role in building the infrastructure that will support the firm's next phase of growth.
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About the Role
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We are seeking an experienced Principal Financial Officer to lead our fund accounting and financial reporting functions while building and managing our internal fund administration team. This is a high-impact leadership opportunity for an experienced accounting professional who thrives in a hands-on environment and is excited to help scale a growing investment platform.
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In this role, you will own the end-to-end accounting process for our investment funds while leading the transition of fund administration responsibilities from third-party providers to an internal team. You will recruit, develop, and mentor accounting professionals, establish scalable processes and controls, and partner closely with executive leadership to strengthen the firm's financial operations.
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If you're looking for an opportunity to build an internal accounting function, lead a growing team, and make a meaningful impact within a dynamic investment firm, we'd love to hear from you.
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Key Responsibilities
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Fund Accounting & Valuation
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• Oversee and review daily and periodic NAV calculations, portfolio and cash reconciliations,
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investment transaction booking, expense accruals, and pricing exceptions across all Funds.
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• Manage fair value and Level 3 valuation processes, including third-party valuation specialist
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engagements, review of inputs and models, and support of the Funds’ valuation designee and
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valuation committee.
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• Implement and maintain shadow accounting proceures and records and daily/monthly NAV tie-
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outs against the fund administrator’s books.
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Financial & Regulatory Reporting
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• Review and coordinate the preparation of monthly, quarterly, annual, and shareholder financial
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statements under U.S. GAAP and ASC 946.
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• Manage registered-fund regulatory filings, including Forms N-PORT, N-CEN, and N-CSR, and
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support financial content in N-2 registration statements, prospectuses, and SAIs.
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• Review SEC filings and support offer documentation for repurchase and tender activity,
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coordinating with legal on disclosure and timing.
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Fees, Expenses & Tax
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• Review management and incentive fee calculations, expense allocations, expense-cap and
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waiver/recoupment mechanics, and distribution calculations for accuracy and consistency with
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advisory agreements and governing documents.
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• Manage budget and periodic expense accrual adjustments and approvals.
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• Coordinate with tax providers on RIC qualification testing under Subchapter M, excise tax,
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distribution requirements, and annual returns, K-1s, and 1099 reporting.
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Service Providers, Controls & Leadership
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• Manage relationships and service levels with fund administrators, custodians, pricing vendors, tax
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firms, and external auditors; coordinate annual audits and regulatory examinations.
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• Maintain and strengthen internal controls, accounting policies, and operating procedures, and
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identify opportunities to automate and streamline processes.
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• Prepare financial and operational reporting for executive leadership and Board meetings, including
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fund performance, expense, and compliance analyses.
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• Supervise, mentor, and develop fund accounting staff, and manage the production calendar against
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firm, SEC, and investor deadlines.
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• Prepare DDQ responses and support investor reporting, correspondence, and ad hoc analyses.
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Qualifications
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• Bachelor’s degree in Accounting or Finance; CPA required.
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• 8+ years of fund accounting and fund administration experience, including registered investment
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companies (interval and/or closed-end / tender offer funds) and private funds.
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• Working knowledge of the Investment Company Act of 1940, U.S. GAAP, ASC 946, SEC
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reporting requirements, and RIC / Subchapter M taxation.
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• Experience overseeing third-party fund administrators and third-party valuation specialists.
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• Familiarity with daily NAV calculation/mechanics strongly preferred.
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• Advanced Microsoft Excel; experience with fund accounting and financial reporting systems (e.g.,
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Investran, Geneva, Workiva) a plus.
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• Strong organizational, analytical, and communication skills, with the ability to manage multiple
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concurrent deliverables under deadline and to work both independently and collaboratively.