Senior Director, Fund Accounting

ABOUT US:

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.

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.

The team currently has 10 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, State Street, Opus, NAV, etc), or who has been part of an in-house fund admin practice group (Citadel, Millenium, other asset manager, etc. type internal admin) to lead building out the fund admin practice of Repool. Repool currently works primarily with small sized advisors (below $150m AUM), although we anticipate this range increasing over time.  Another way to think about the role would be that you are someone that has thought "if i was given the chance and a few $m, it would be interesting to build out my own take on fund admin", then this would be a great role for you.

This role would be a split of some degree of (i) product; helping us think about building a fund admin business and partnering with engineers to make decisions around what to build, when, and how; (ii) actually executing on accounting, closing out books, and helping build automations for standardizing varied data sets from various sources, creating financial statements and footnotes, etc; and (iii) overseeing and building out an overseas accounting team built for growth,  effective immediately.

Currently, the Repool fund admin team is comprised of our Head of Fund Accounting and a team of offshore accountants in the Philippines.  This role would work closely alongside our Head of Fund Accounting and/or assist or lead initiatives around projects such as onboarding SS&C Geneva, building out admin workflow for new asset types, etc.

WHAT YOU'LL DO HERE

• Build, assist, execute, and oversee all aspects of fund accounting at the company;
• 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;
• Prepare net asset value statements, reporting packages, and other common deliverables for clients
• Enhance and build internal and external workflows and processes f performance and data analytics for both fund managers and investors of fund managers;
• Maintain up-to-date understanding of emerging and future financial, tax, valuation reporting, and regulatory reporting  solutions to clients; and
• Work 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:

• **At least 8 years of experience at an existing fund administrator or in house fund/asset manager accounting team.
• **An entrepreneurial mindset; interested in challenging the status quo by bringing new and ideas and solutions to the table
• **A bachelor's degree from a 4-year university

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.