Fund Accountant at Opto Investments

New York, New York, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Alternative Investments, Private Markets, Financial ServicesIndustries

Requirements

Builders mindset and excited to develop processes and a team with a customer service mindset
Willing to dive into problems and have a track record of driving solutions
Interested in offering top-notch service to clients
Required knowledge and expertise in interpreting and understanding Limited Partnership Agreements and Private Placement Memoranda
Skilled in working with complex entity structures and report consolidations
Strong critical thinking, problem-solving, and decision-making abilities

Responsibilities

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 (secondary transactions, co-investments, 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 (review of calculations, notices, 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 fund documents, timely and accurate execution, and reporting

Skills

Key technologies and capabilities for this role

U.S. GAAPFund AccountingNAV CloseFinancial StatementsReconciliationsP&L ReconciliationCash ReconciliationCapital AccountsInvestment AccountingLimited Partnership Agreements

Questions & Answers

Common questions about this position

What are the main responsibilities of the Fund Accountant role?

The role involves assisting with quarterly NAV close and financial statements, reconciliations of P&L, cash, capital, and investments, handling complex transactions, waterfall calculations, capital calls, distributions, valuation governance, leading audits, overseeing tax processes, and contributing to product development.

What kind of experience or skills are needed for this position?

Expertise in U.S. GAAP, Limited Partnership Agreements, private portfolio transactions, waterfall and carried interest calculations, IRR and performance metrics, ASC 820 valuation, audit processes, and fund operations is required.

Is this a remote position or does it require office work?

This information is not specified in the job description.

What is the salary or compensation for the Fund Accountant role?

This information is not specified in the job description.

What is the company culture like at Opto Investments?

Opto has a fast-paced, engaging environment that values being unapologetically bold, strong opinions, clear communication, and purposeful execution, with cross-functional collaboration.

Opto Investments

Tech-driven private markets investment platform

About Opto Investments

OptoInvest offers a technology-driven investment platform for the wealth management community, focusing on private markets like private credit, private equity, real estate, and venture capital. The platform simplifies the investment process for fiduciaries by providing curated investment opportunities and customizable solutions, while aligning its interests with clients by investing its own capital in the deals it offers. Unlike competitors, OptoInvest does not receive fees from fund managers, fostering trust and commitment to client success. The company's goal is to enhance investment outcomes and build long-term partnerships with fiduciaries.

New York City, New YorkHeadquarters

2020Year Founded

$141MTotal Funding

SERIES_ACompany Stage

Fintech, Financial ServicesIndustries

51-200Employees

Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Retirement Plan

401(k) Company Match

Unlimited Paid Time Off

Paid Holidays

Company Equity

Home Office Stipend

Phone/Internet Stipend

Risks

Increased competition from tech-driven platforms could erode Opto's market share.

Reliance on strategic partnerships may risk client engagement if outcomes are not met.

Potential regulatory changes could impact Opto's business model and increase costs.

Differentiation

Opto aligns its incentives with clients by investing its own capital in deals.

The platform offers expertly curated investments and fully-customized solutions for fiduciaries.

Opto provides long-term, hands-on guidance throughout the investment lifecycle.

Upsides

Partnership with Mercer Advisors enhances Opto's client offerings and market reach.

Launch of Planner tool streamlines investment processes for advisors, improving efficiency.

New leadership roles focus on strengthening brand presence and expanding market reach.

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