Junonia Partners

Outsourced back-office solutions for hedge funds

Manager – Outsourced CFO for Hedge Funds - Private Equity, Venture Capital Funds

AccountingConfirmed live in the last 24 hours

Full-timeDallas, TX, USANo salary listed

About the Job

Requirements

Five to nine years of experience in the alternative investment management industry, including hedge funds or private equity.
A minimum of a Bachelor's degree in Accounting or Finance.
Advanced Excel skills.
Experience defining, creating, and implementing processes and procedures from the ground up.
The ability to use available resources to solve challenging problems in a solutions-oriented manner.
The ability to work in a fast-paced environment while effectively prioritizing tasks for multiple clients.
The ability to communicate effectively with clients and team members in a manner that instills trust and confidence.
Awareness of one's impact on culture and a natural inclination to champion best practices and lead by example.

Responsibilities

Provide outsourced chief financial officer and Controller services to investment managers, hedge funds, private equity funds, and venture capital clients.
Review net asset value packages and reconcile financial reporting and investor statements prepared by the fund administrator, including recalculating investor allocations, management fees, and incentive allocations.
For hedge fund clients, perform daily reconciliations between the client's order management system, fund administrator, and prime broker or custodian, and support trade-break resolution, margin calls, and other daily operational matters.
For private equity and venture capital funds, review capital call calculations prepared by the fund administrator and ensure calls and distributions are processed accurately and on time.
Spearhead the process for new fund launches.
Review fund documents prepared by legal counsel, including private placement memoranda, limited partnership agreements, and subscription documents.
Solicit bids and vet service providers on behalf of clients, including audit and tax providers, fund administrators, banks, and prime brokers.
Open brokerage accounts, bank accounts, and lines of credit.
Onboard selected service providers and integrate them into the client's operations before fund launch.
Establish key policies and procedures, including valuation policies and cash management controls.
For management company clients, prepare financial statements, cash forecasts, and budgets.
Provide treasury management services for fund and management company entities, including expense allocation and payment processing.
Oversee the annual audit and tax preparation process for client entities, including drafting footnotes when necessary.
Liaise with clients' external auditors, administrators, human resources and payroll teams, compliance teams, and other service providers.
Evaluate clients' current financial and accounting processes, propose improvements, and help coordinate implementation efforts.
Assist clients with special and ad hoc projects.
Provide operational support for clients and advise on issues as they arise.
Lead service delivery and act as the main point of contact for client relationships.
Develop and oversee staff in the delivery of services.

Desired Qualifications

CPA certification.
Experience with industry-specific software such as Enfusion or EZE.
A desire to contribute to an entrepreneurial environment and help build a growing firm into a best-in-class industry partner.

COMPANY OVERVIEW

Junonia Partners provides Outsourced CFO and Controller level services to investment advisors of hedge funds, private equity funds, and venture capital funds. Upon realizing the value and importance of having a strong back-office partner, Junonia was founded to focus on providing the highest level of partnership: treat each client’s business as if it was your own. Our experience in both in-house and service provider roles has shown us what matters most to investment managers who want more than just another consultant or service provider.

Build for tomorrow

Think long-term solutions and processes, not band-aids

Serve as a partner

Not just a consultant or another service provider

Go the extra mile

Delivering what’s expected, on schedule is table stakes

POSITION OVERVIEW

We are actively building a team and are hiring Associates, Managers and Directors; each requiring a similar background in back-office operations. Title and level of seniority are based on a candidate’s individual background and relevant work experience.

Managers are directly responsible for providing outsourced CFO/Controller services, creating and spearheading processes for new clients, and managing project-based engagements. Managers are responsible for completing daily operational tasks and providing work product and deliverables to clients. The nature of our work is very hands-on, and every member of our team is client-facing. Directors will oversee the work of Managers.

We pride ourselves on selecting clients who truly value our partnership and we enjoy acting as an extension of their teams. We reap the rewards of the camaraderie and intellectual stimulation that comes with being a part of an individual fund manager, yet we also enjoy having visibility into multiple strategies and protection against the volatility of just one fund. This position offers the opportunity to be a foundational member of a high quality organization, a lifestyle integration and an especially attractive career trajectory for exceptional performance.

RESPONSIBILITIES

Provide outsourced CFO and Controller services to investment managers, hedge funds, private equity and venture capital clients.
Review NAV packages and reconcile financial reporting and investor statements prepared by the fund administrator. This includes re-calculation of investor allocations, management fees and incentive allocation.
For hedge fund clients, perform daily reconciliations between client’s OMS, fund administrator and prime broker/custodian. Also provide support for trade-break resolution, margin calls and other daily operational matters.
For private equity and venture capital funds, review capital call calculations prepared by the fund administrator. Ensure calls and distributions are processed timely and accurately.
Spearhead the process for new fund launches.
Review fund documents prepared by legal counsel including PPM, LPA, and subscription documents.
Solicit bids and vet service providers on behalf of the client including audit/tax, fund administrator and banks/prime brokers.
Open brokerage, bank accounts and lines of credit.
Onboard all selected service providers and integrate each into the client’s operations prior to fund launch.
Establish key policies and procedures including valuation policies, cash management controls, etc.
For management company clients, prepare financial statements, cash forecasts and budgets.
Provide treasury management services for both fund entities and management company entities, including allocation of expense and processing of payments.
Oversee the annual audit and tax preparation process for all client entities, including draft footnotes when necessary.
Liaise with clients’ external auditors, administrator, HR/payroll, compliance and other service providers.
Evaluate current financial and accounting processes for clients, propose improvements and help coordinate implementation efforts.
Assist clients with special and ad-hoc projects.
Provide operational support for clients and advise on various issues as they arise.
Lead service delivery and act as main point of contact for client relationships.
Develop and oversee staff in delivery of services.

REQUIRED EXPERIENCE, SKILLS AND QUALIFICATIONS

5-9 years of experience in alternative investment management industry (Hedge Fund, Private Equity)
Minimum of a Bachelor's degree in Accounting/Finance
CPA is a plus
Advanced Excel skills
Industry specific software such as Enfusion, EZE, etc. is a plus
Exceptional attention to detail
Desire to be part of an entrepreneurial environment and to help build a growing firm into a best-in-class industry partner
Experience that demonstrates the ability to define, create and implement processes and procedures from the ground up
Solutions oriented mindset with the ability to effectively use all available resources to solve challenging problems
Ability to work in fast paced environment while effectively prioritizing tasks for multiple clients
Ability to communicate effectively with clients and team members in a manner that instills trust and confidence
Awareness of one’s own impact on culture and a natural inclination to be a champion of best practices and to lead by example

We value diversity and are committed to making hiring decisions based on the skills and experience needed to be successful in this role. We are an equal opportunity employer and we welcome your application!

About the Company

Junonia Partners

Outsourced back-office solutions for hedge funds

Junonia provides tailored outsourced back-office solutions for hedge funds, private equity funds, and hybrid funds. It embeds its team into a client’s operations to handle ongoing back-office tasks, administration, and reporting, aligning with each fund’s existing workflows. It differentiates itself through a deep, trust-based partnership that adapts to each fund’s unique requirements rather than offering a one-size-fits-all approach. Its goal is to help fund managers run their operations smoothly today and enable scalable growth for tomorrow.

Company size: 1-10
Company stage: Not listed
Total funding: Not listed
Headquarters: Dallas, TX
Founded: 2019

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