Staff Accountant

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 Execution: Drive key analyses, calculations, and inputs that go into producing client-facing reports.

- Own Core Fund Accounting functions: Preparation and/or assistance in preparation of client deliverables and functions, LPA calculations, and underlying inputs required for generating accurate client-facing reports (e.g. bank reconciliations, capital calls and distributions)

- Maintain and Oversee Live Data Systems: Ensure the accounting system is kept current by processing bank transactions, valuation adjustments, and real-time client inquiries.

- Guarantee Reporting Quality: Ensure absolute accuracy and timely completion of all fund accounting reporting deliverables, including financial statements, capital calls, and capital account statements.

- Validate Performance Metrics: Produce and confirm the reliability of all portfolio and fund-level performance metrics (e.g., IRRs, TVPI).

- Cross-Functional Compliance Support: Actively assist with specialized workflows related to tax, audit, compliance, and regulatory reporting requirements.

- Operational Excellence: Understand how to use technology as a resource to streamline operations and deliver excellent client service. Actively explore opportunities and ideas for automation and systemization improvements.

- Champion Systemization: Identify, propose, and spearhead the launch of automation and systemization enhancements across fund administration processes.

- Drive Product Development: Actively provide detailed feedback on new technology features and functionality, and generate requirements and ideas for future automation solutions. Help drive new features

- Client Service: Support the team in nurturing and growing 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

- 1-2 years of fund accounting experience in venture capital, growth equity or private equity asset classes.

- Track record of achievement at a leading fund administration services business.

- Bachelor’s degree in Accounting or related field required.

- Passion for technology and a desire to use technology to improve business operations.

- Experience scoping out system requirements and implementing new systems.

- Superior proficiency with financial statements and fund accounting tools and solutions (different general ledgers, bookkeeping systems)

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