Open Opportunity Fund · 6 hours ago
Chief Financial Officer
Open Opportunity Fund is a venture and growth investment firm backing B2B software companies across Enterprise IT, fintech, and people infrastructure. The Chief Financial Officer (CFO) will oversee fund finance and management company finance, ensuring institutional-grade accuracy and responsiveness while managing external providers and leading financial operations.
FinanceInformation TechnologyVenture Capital
Responsibilities
Own fund and management company finance end-to-end, partnering with our fund administrator firm to deliver a reliable close, budgeting/forecasting, and cash planning cadence
Oversee fund financial statements, capital calls, distributions, capital accounts, management fees, and waterfall/carry calculations—ensuring accuracy through review, reconciliation, and quality control
Deliver institutional-quality quarterly and annual LP financial reporting; ensure consistency across LP statements, schedules, and supporting workpapers
Partner with leadership on firm strategy, resource allocation, and long-term financial planning (runway, hiring plan, operating leverage)
Own the financial workstream for fundraising and LP diligence: track record schedules, fund model support, DDQs, and data room readiness
Serve as the primary point of contact for LP financial questions (reporting, fees, valuations, audit/tax timing), coordinating with the partners on investor communications
Maintain reporting standards expected by institutional LPs (clarity, timeliness, audit-ready support, and well-documented assumptions)
Manage and performance-manage external providers (fund admin, audit, tax, legal) with clear scopes, timelines, and SLAs; proactively resolve discrepancies and process breaks
Own audit and tax execution across entities and vehicles, including calendar management, issue resolution, and K-1 communications and timelines
Implement and maintain internal controls and policies (expense policy, approvals matrix, wire controls, documentation standards, and segregation of duties) appropriate for an institutional platform
Partner with counsel and compliance resources to maintain compliance posture
Own financial operations for SPVs/sidecars/co-invest vehicles in coordination with fund administrator: launch playbooks, investor onboarding/subscription tracking, closings, capital calls/distributions, deal-level reporting, and wind-downs
Ensure consistent fee/expense allocation, reporting standards, and investor communications across special vehicles
Lead financial planning, reporting, and compliance support for structured capital programs, including SSBCI and SBIC-related requirements (as applicable)
Build and maintain program-specific reporting, data integrity, and audit readiness; coordinate across administrators, counsel, and program stakeholders
Ensure investment, eligibility, and documentation workflows align with program rules and reporting obligations, without slowing core investing operations
Optimize finance systems and workflows with the fund administration firm, improving automation, data quality, and reporting efficiency
Partner internally on compensation, expense management, and vendor oversight; ensure clean allocations and defensible policies
Act as a trusted advisor to the Managing Partners on financial strategy, risk, and performance optimization
Collaborate with the investment team on deal structuring, reserves planning, and valuation documentation
Represent the firm with LPs, co-investors, and external partners as the senior finance leader—credible, responsive, and detail-accurate
Qualification
Required
10+ years of progressive experience in finance, fund accounting, or investment operations, with significant experience in venture capital, private equity, or alternative asset management
Senior leadership experience (CFO, VP Finance, Head of Fund Finance/Operations, or equivalent) within an investment firm, fund administrator, or institutional investment platform
Deep understanding of fund structures and mechanics, including capital calls, distributions, capital accounts, management fees/expenses, and carried interest/waterfall calculations
Strong track record owning institutional LP reporting, including quarterly reporting packages, ad hoc LP inquiries, and diligence support (DDQs, data rooms, track record schedules)
Experience managing external providers (fund administrator, audit, tax, legal) with clear scopes, timelines, and quality control; ability to diagnose and resolve reporting 'breaks' quickly
Direct experience with structured capital programs such as SSBCI and/or SBIC, including program reporting, compliance coordination, eligibility/documentation requirements, and audit readiness
Experience supporting SPVs, sidecars, and co-invest vehicles, including investor onboarding/subscription tracking, closings, capital calls/distributions, deal-level reporting, and wind-downs
Strong familiarity with audit and tax processes for investment funds and management companies, including partnership tax workflows and K-1 planning and communications
Systems fluency with fund administration and reporting workflows; experience working with platforms like Aduro (or comparable fund administrators) and improving the operating cadence, data integrity, and reporting efficiency
Bachelor's degree in Finance, Accounting, Economics, or related field required; CPA and/or CFA strongly preferred (or equivalent experience)
Preferred
CPA and/or CFA strongly preferred (or equivalent experience)
Company
Open Opportunity Fund
Open Opportunity Fund is a venture and growth investment firm backing B2B software companies across Enterprise IT, Fintech, and People Ops.
Funding
Current Stage
Early StageRecent News
2026-01-22
2026-01-22
vcnewsdaily.com
2026-01-22
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