Senior Manager, Fund Accounting

ABOUT US:

Founded in 2021, Repool is a YC S21 company with over $6.5M in funding from top firms like Canaan, Matrix, and Uncorrelated, as well as angel investors including founders from unicorns like Brex, Jeeves, Mercury, Flexport, Outschool, Pilot, and Forge.

Repool is building modern backoffice infrastructure for hedge funds. US hedge funds account for $3.5T of assets but rely upon antiquated services and technology from fractured service providers, and there's an enormous opportunity to challenge longstanding incumbents and gain significant market share using technology to deliver superior client experience and internal workflow.

The team currently has 11 U.S. employees. This role will be either remote or, if in NYC, hybrid in office.

THE ROLE:

We're hiring for an experienced hedge fund accounting professional with experience at an existing fund administration or fund services incumbent (Citco, Formidium,, Opus, NAV, etc), or who has been part of an in-house fund admin practice group to lead building out the fund admin practice of Repool. Repool currently works primarily with emerging managers (below $150m AUM), although we anticipate this range increasing over time.

Currently, the Repool fund admin team is composed of our Head of Fund Accounting and a team of offshore accountants in the Philippines.  This role would report directly to our Head of Fund Accounting.  You will be responsible for helping to produce net asset value and other fund and investor statements for our clients; supervising, training, and overseeing our offshore team; improving existing and building new accounting and fund admin workflows.

The ideal candidate will be a senior accountant seeking their first management role or an experienced manager. Additionally, to specifically be cliche, as with most startups, the candidate should be willing to dive into details, have a hands-on approach, be willing to work overtime to get the job done, and possess a no-task-is-beneath-them attitude. They should also be committed to continuously improving processes and enhancing efficiency.

This role involves the following responsibilities:

Product (~10%):

• Contributing to the development of a fund administration business.
• Partnering with the engineering team to make decisions about what to build, when, and how regarding fund accounting processes.

Fund Accounting (~90%):

• Executing accounting tasks, closing out books, and assisting with automations to standardize diverse data sets.
• Creating financial statements and footnotes.
• Overseeing and expanding an overseas accounting team for growth.

WHAT YOU'LL DO HERE

• Accounting for client funds leveraging the fund's general ledger and internal workpapers;
• Prepare and review net asset value packages, investor statements, investor/fund performance calculations (e.g., IRR, TWR, XIRR), management fees, incentive fees, financial statements, reporting packages, and other common deliverables for clients;
• Assist in managing and training offshore associates while ensuring Repool retains its high-performing talent;
• Ensure accurate and timely preparation of work papers and reconciliation files;
• Manage upward by addressing issues and collaborating on solutions constructively.
• Create and refine fund accounting workflow procedures and controls including trade processing, income recognition, corporate actions processing, reconciliations, valuations, financial statement production, and audit and tax support., and other fund accounting related processes;
• Build, assist, execute, and oversee all aspects of fund accounting at the company;
• Assisting with ad hoc projects and system implementations as necessary;
• Preparing support analyses for fund activities to external auditors for year-end audits and partnership tax returns;
• Enhance and build internal and external workflowsMaintain up-to-date understanding of emerging and future financial, GAAP, tax, valuation reporting, and regulatory reporting solutions to clients; and
• Collaborate with product and engineering to visualize and build software, workflow and automation related opportunities to build the highest margin fund administration business in the industry.

THE RIGHT CANDIDATE WILL HAVE:

• 4 - 8 years of experience at an existing fund administrator, audit experience with financial services (i.e., asset management) clients, or in-house fund/asset manager accounting team.
• Entrepreneurial mindset; interested in challenging the status quo by bringing new ideas and solutions to the table.
• Flexible and first-principles thinker that is able to establish context on issues and situations in a self guided manner.
• Bachelor's degree from a 4-year university.
• Active CPA license.
• SS&C Geneva experience is a plus

REPOOL BENEFITS:

Despite being an early stage startup, you'll find that we provide benefits better than most startups at our stage. We don't want joining early to mean critical concessions in security or your well being.

• Highly competitive salary relative to experience and the role, and a meaningful equity stake
• 100% covered, top-of-the-line health insurance, dental, and vision for individuals
• 401k w/match
• 100% covered life insurance, short-term disability insurance, and long-term disability insurance.
• Commuter benefits
• Optional critical illness, voluntary life insurance supplement, accident, and hospital insurance options
• Unlimited PTO

WHAT'S IMPORTANT TO US:

• Leaning in. Startups aren't where you go to make the absolute most money, have the best work-life balance, or the easiest role. That's not for everyone, but the worst situation is people who join startups wanting only the "upsides" and not the "downsides.". You should know that building a startup is hard, and while we aim to have work-life balance, this just isn't a 9-5 job, and it's also not a role where you can coast. Great companies that become unicorns universally have incredible early employees who leaned in and helped build the company.
• Culture. Between the two of us, we've been at companies with great culture, okay culture, and bad culture, and while there's no one way to have an amazing culture, there are many ways to have bad cultures. We want Repool to be a transformative, inspiring, and enjoyable place to work, and we're really interested in hiring for other people who feel similarly.
• Building great product and moving quickly. Our operating philosophy is to seek the truth, debate earnestly, and then - lastly, decide and go.
• Becoming more formidable. Whether it's in 8 years or 2 years, we know it's unlikely that Repool is the last stop of your life and professional journey. We care deeply about supporting you in using Repool to get to whatever's next.