Director of Accounting

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: Ensure flawless, high-quality delivery of end to end fund accounting and back office operations across multiple pods.

- Fund Accounting: Hands-on keys fund accounting processes, e.g. preparing financial statements, waterfalls, LP reporting needs, and any client deliverables.

- Technical Mastery: Serve as an expert in private markets operations and fund accounting by supporting all client needs and guiding the team.

- Accuracy: Ensure that fund administration deliverables are generated accurately, in a timely manner, and consistent with the scope of work.

- Partner to Product Development Team: Identify, propose and adapt innovative technology solutions to deliver service and operational efficiency

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

- Audit/Tax: Manage, oversee and approve the year-end audit process and tax process.

- Team Development, Culture and Professional Success: Accountable for the team's professional success and well-being, fostering a positive, high-performing culture that is reflected in promotions and positive client feedback.

- Team Strategy and Build: Attract, develop and manage A-players, ensuring a culture of high performance and accountability.

- Mentorship and Growth: Actively develop and mentor team members.

- Culture Carrier: Serve as the steward of Formulary’s culture, ensuring a positive and inclusive work environment as evidenced in high retention.

- Client Service: Responsible for developing and growing strong client relationships.

- Thought Partnership: Serve as a thought partner to general partners and limited partners.

- Growth: Scale the business by servicing more clients while maintaining a very high bar for client satisfaction and excellence.

WHAT YOU NEED

- 8-12+ years of fund accounting impact and experience in venture capital, growth equity and / or private equity asset classes.

- Demonstrated track record of impact and held a management position at a leading fund administration services firm.

- 5+ years of experience hiring, managing and developing a team of fund accountants, inclusive of managing a team of entry level and experienced fund accountants.

- CPA or equivalent accounting degree.

- 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.

- Extensive knowledge of industry best practices fo