Accounting Manager

ABOUT FORMULARY FINANCIAL

Our mission is to be the most reliable operations partner to asset management firms by equipping them with expert service and AI. We deliver unprecedented speed, data accuracy, and actionable insights to help investors manage and grow their businesses.

This is a unique opportunity to join a category-defining business built by veterans in asset management and AI/ML (Bridgewater Associates, Meta, IBM Watson, Elemental Cognition), backed by premier investors (Khosla Ventures, Acrew Capital, Serena Ventures, Company Ventures), and driving transformation in one of the largest industries in financial services. Formulary rapidly grew to manage billions in assets across a global client base that represents leading firms and is scaling to transform the $30 trillion fund administration industry.

We’ve assembled a dream team of experts passionate about solving complex problems with powerful technology and delivering exceptional, white-glove service to investors. We are deeply committed to our mission, incredibly customer-focused, and inspired to reshape the private markets industry. If you want to move fast, hold yourself to a high bar, and make a meaningful difference in the future of finance, come build with us.

Location: New York · Hybrid or remote

WHAT IMPACT YOU WILL OWN AND DRIVE

- Fund Administration and Client Service Delivery: Responsible for end to end oversight and execution of all client deliverables and communications.

- Fund Administration Deliverables: Generate accurate, fund administration deliverables in a timely manner, and consistent with the scope of work. This includes generating reports and overseeing deliverables produced by other members of the team.

- Partner to Product Development Team: Identify, propose and help launch automation and systemization improvements.

- Compliance: Ensure all activities adhere to Formulary's internal standards, controls and industry requirements (regulatory, legal, tax, audit).

- Master Complex Calculations: Generate and rigorously review waterfall distributions and capital calls/contributions, verifying adherence to the Limited Partnership Agreements (LPAs).

- Project and Team Management: Ensure that the teams are operating effectively and efficiently to deliver excellent client service.

- Team Build: Participate in recruitment, development, and supervision of the staff accountant.

- Operations: In-charge of the day to day with the staff accountant, email traffic, capital calls, and inquiries.

- Mentorship and Development: Serve as a coach to other team members.

- Client Service and Partnership: Nurture and maintain trust-based relationships with clients.

- Thought Partnership: Identify opportunities to serve as a thought partner to general partners and limited partners.

- Client Communications: Serve as the first line of defense for all client inquiries, needs, and opportunities.

WHAT YOU NEED

- 3-7 years of fund accounting experience in venture capital, growth equity or private equity asset classes.

- Demonstrated impact at a leading fund administration services firm.

- 2+ years of experience hiring, training and managing a team of fund accountants, inclusive of managing a team of entry level fund accountants.

- Bachelor’s degree in accounting or a related field.

- A keen interest in using AI and machine learning to solve complex problems.

- Deep, practical experience with the entire investment lifecycle (from fund formation to fund dissolution) for venture capital, growth equity, and private equity asset classes.

- Experience scoping out system requirements and implementing new systems

- Strong knowledge of industry best practices for fund management and operations, including regulatory, tax, audit, compliance and other areas.

- Experience with Limited Partnership Agreements, LLC Operating Agreements, and other legal requirements. Understanding of traditional close-ended fund structures, SPVs, GP entities,