Fund Accountant

Fund Accountant

Opto is engineering the future of private markets to improve client outcomes and drive capital to the most transformative ideas.

The global alternative investments industry was worth an estimated $16.8T at the end of 2023, but is forecast to grow to $29.2T by 2029. But the private investment process typically remains opaque, highly manual, and error-prone, which limits access to the select few insiders who are willing to bear the pain.

Opto is a revolutionary end-to-end solution for wealth managers of any size - from small investment advisors to large multi-family offices to private banks - to build, fundraise for, and manage private markets programs at scale. We combine exceptional Silicon Valley engineering talent with experienced investors and industry specialists to fix this broken system through the power of technology. Our platform banishes the nightmare of slide decks, spreadsheets, and paperwork to the past, and arms our clients with the tools, data, and guidance to identify and access the right opportunities for their clients.

Fixing private markets will not be easy and demands courage, but we're not afraid to do things differently. We are unapologetically bold. We value strong opinions, clear communication, and purposeful execution.

Up for the challenge? Come join us.

About the Role

In a fast-paced, engaging environment, you will work cross-functionally with our product, engineering, and operations teams. You will be responsible for building the foundation of our investment offering, implementing controls, and partnering with technology to automate processes.

Your Day-to-Day will include :

• Assist with the quarterly NAV close and financial statement process, reviewing administrator workpapers and reconciliations to ensure accuracy and compliance with U.S. GAAP and Limited Partnership Agreements, including :
• Reconciliations of P&L, cash, capital, and investment positions
• Complex private portfolio company transactions, including secondary transactions, co-investments, and restructuring events.
• Waterfall and carried interest calculations with full audit trail and compliance with side letters.
• Management fees, offsets, and expense allocations.
• Gross and net IRR calculations and other performance metrics (TVPI, DPI) for investor reporting.
• Assist with the funds' day-to-day operations, including : Planning and coordinating capital calls and distributions, managing the end-to-end process, including review of calculations, notices, and wire execution.
• Support valuation governance under ASC 820, prepare pricing documentation, and coordinate materials for valuation committee approval.
• Lead the annual audit process, including PBC coordination, audit queries, and timely issuance of audited financials.
• Oversee tax process for the funds, coordinating with tax providers and / or fund administrator.
• Contribute industry and operational knowledge to product development and new fund launches.
• Design and implement accounting policies, internal controls, and best practices to scale finance operations.
• Partner with Business, Investor Relations, and Compliance, providing analyses, data, and responses to investor and regulatory queries.
• Coordinate the fund's payment and expenses process to ensure compliance with the fund documents, timely and accurate execution, and reporting.

About You

You have a builders mindset and are excited to develop processes and a team with a customer service mindset. You are willing to dive into problems and have a track record of driving solutions.

Bonus Skills

Background

How to Apply

Please fill out the below fields, and attach a Resume and Cover Letter. Why a Cover Letter? We receive a high volume of applicants, and we have real humans that read each and every resume, we encourage you to use creativity in your Cover Letter and speak directly to why you want to join our team!

We will review your resume in as timely a manner as we are able to, so kindly refrain from reaching out to hiring managers or other Opto team members via email or linkedin, as this won't improve or fast track your application.

Compensation and Benefits

Opto has a high bar for talent, and we are committed to building the best teams possible. Candidates are never subjected to discrimination based on race, citizenship, religion, ethnicity, gender or gender identity, sex, pregnancy, national origin, age, sensory, mental, or physical disability, or any other characteristic.

The successful candidate for this role can expect a generous compensation and benefits package. The cash salary range for this role is $90,000-$110,000 dependent on skills, experience and expected contribution.

All full time employees at Opto enjoy :

This position is based primarily onsite in our San Francisco office.

At this time, Opto can only hire candidates who reside in the following states : California, Colorado, Florida, Idaho, Illinois, Maine, Maryland, Nevada, New Jersey, New York, North Carolina, North Dakota, Pennsylvania, Rhode Island, Tennessee, Texas, Virginia, and Washington.

If you do not currently live in one of these states, you must relocate to an approved state or have a confirmed address there prior to your start date.