Junonia Partners · 3 weeks ago
Fund Operations Associate - Outsourced CFO for Hedge Funds, Private Equity, & Venture Capital Funds
DFW Metroplex
Full-time
Onsite
Mid Level
3+ years expJunonia Partners provides Outsourced CFO and Controller services to investment advisors of hedge funds, private equity funds, and venture capital funds. The Fund Operations Associate will be responsible for delivering these services, managing project-based engagements, and assisting with new fund launches while ensuring operational tasks are completed accurately and timely.
FinanceFinancial ServicesFunding Platform
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
For hedge fund clients, perform daily cash and P&L reconciliations between the client’s OMS, the fund administrator, and the prime broker/custodian (tri-party reconciliation). Also provide operational support including but not limited to trade-break resolution, locates, and margin calls
For private equity and venture capital funds, review capital call calculations prepared by the fund administrator. Ensure calls and distributions are processed timely and accurately
Assist in 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 polices, cash management controls, etc
Provide treasury management services for both fund and management company entities, including reviewing invoices, properly allocating expenses, performing call backs, and processing payments
Assist with investor activity processes including reviewing subscription and redemption documents and processing cash flows in conjunction with the fund administrator
Oversee the annual audit and tax preparation process for all client entities, including serving as the main point of contact and drafting footnotes when necessary
Liaise with clients’ external audit and tax providers, fund administrator, HR/payroll, investor relations, legal, compliance, and other service providers
For management company clients, prepare financial statements, cash forecasts and budgets
Evaluate current financial and accounting processes for clients, propose improvements, and help coordinate implementation efforts
Provide additional operational support for clients and advise on various issues as they arise
Assist clients with special and ad-hoc projects as needed
Qualification
Required
3-5 years of experience in alternative investment management industry (Hedge Fund, Private Equity, Venture Capital)
Minimum of a Bachelor's degree in Accounting/Finance with strong academic credentials
Advanced Excel skills
Exceptional attention to detail
Desire to be part of an entrepreneurial environment and to help build a growing firm into a best-in-class industry partner
Experience that demonstrates the ability to define, create, and implement processes and procedures from the ground up
Solutions oriented mindset with the desire and ability to effectively use all available resources to solve challenging problems
Ability to work in a fast-paced environment while effectively prioritizing tasks across multiple clients
Ability to communicate effectively with clients and team members in a manner that fosters strong relationships and instills trust and confidence
Awareness of one's own impact on culture, a natural inclination to be a champion of best practices, and to lead by example
Preferred
CPA is a plus
Company
Junonia Partners
Junonia Partners is a financial and private equity fund company.
11-50 employees
Funding
Current Stage
Early StageLeadership Team
Brant Pallasch
Founder & CEO
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