Fund Operations Manager - Outsourced CFO for Hedge Funds in Dallas

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Job DescriptionJob Description Company Overview

Junonia Partners provides Outsourced CFO and Controller level services to investment advisors of hedge funds, private equity funds, and venture capital funds. Upon realizing the value and importance of having a strong back-office partner, Junonia was founded to focus on providing the highest level of partnership : treat each client’s business as if it was your own. Our experience in both in-house and service provider roles has shown us what matters most to investment managers who want more than just another consultant or service provider.

Build for tomorrow Think long-term solutions and processes, not band-aids

Serve as a partner Not just a consultant or another service provider

Go the extra mile Delivering what’s expected, on schedule is table stakes

Position Overview

We are actively building a team and are hiring Associates, Managers and Directors; each requiring a similar background in back-office operations. Title and level of seniority are based on a candidate’s individual background and relevant work experience. Managers are directly responsible for providing outsourced CFO / Controller services, creating and spearheading processes for new clients, and managing project-based engagements. Managers are responsible for completing daily operational tasks and providing work product and deliverables to clients. The nature of our work is very hands-on, and every member of our team is client-facing. Directors will oversee the work of Managers.We pride ourselves on selecting clients who truly value our partnership and we enjoy acting as an extension of their teams. We reap the rewards of the camaraderie and intellectual stimulation that comes with being a part of an individual fund manager, yet we also enjoy having visibility into multiple strategies and protection against the volatility of just one fund. This position offers the opportunity to be a foundational member of a high quality organization, a lifestyle integration and an especially attractive career trajectory for exceptional performance.

Responsibilities

• Provide outsourced CFO and Controller services to investment managers, hedge funds, private equity and venture capital clients.
• Review NAV packages and reconcile financial reporting and investor statements prepared by the fund administrator. This includes re-calculation of investor allocations, management fees and incentive allocation.
• Perform daily reconciliations between client’s OMS, fund administrator and prime broker / custodian. Also provide support for trade-break resolution, margin calls and other daily operational matters.
• Spearhead the process for new fund launches.
• Review fund documents prepared by legal counsel including PPM, LPA, and subscription documents.
• Solicit bids and vet service providers on behalf of the client including audit / tax, fund administrator and banks / prime brokers.
• Open brokerage, bank accounts and lines of credit.
• Onboard all selected service providers and integrate each into the client’s operations prior to fund launch.
• Establish key policies and procedures including valuation policies, cash management controls, etc.
• For management company clients, prepare financial statements, cash forecasts and budgets.
• Provide treasury management services for both fund entities and management company entities, including allocation of expense and processing of payments.
• Oversee the annual audit and tax preparation process for all client entities, including draft footnotes when necessary.
• Liaise with clients’ external auditors, administrator, HR / payroll, compliance and other service providers.
• Evaluate current financial and accounting processes for clients, propose improvements and help coordinate implementation efforts.
• Assist clients with special and ad-hoc projects.
• Provide operational support for clients and advise on various issues as they arise.
• Lead service delivery and act as main point of contact for client relationships.
• Develop and oversee staff in delivery of services.

Required Experience, Skills and Qualifications

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