Junonia Partners - Fund Controller/CFO (Early 2023)

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 tablestakes

Learn more about us at:  JunoniaPartners.com

We are an early-stage firm in growth mode.  We are building the team and are hiring Associates, Managers and Directors; each with a similar background in back office operations, but with differing levels of experience.  While this description is geared toward the role of “Manager,” we welcome interest from candidates earlier in their career and we are also open to more senior candidates who have experience in leadership roles and pitching clients.

Managers are directly responsible for providing outsourced CFO/Controller services, new fund launches, and project-based engagements.  The nature of our work is very hands-on and every member of our team is in a client-facing role.  Managers will oversee the work of Associates and will report to a Director who serves as the lead on the client engagement.

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 balanced lifestyle, and an especially attractive career trajectory for exceptional performance. 

• Provide outsourced CFO and Controller services to clients who manage hedge fund, private equity, and venture capital funds.
• Review NAV packages and reconcile financial statements 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 and distribution calculations prepared by the fund administrator. Ensure calls and distributions are processed timely and accurately.
• Assist in the process for new fund launches by
  • Reviewing fund documents prepared by legal counsel including PPM, LPA, and subscription documents.
  • Soliciting bids and vet service providers on behalf of the client including audit/tax, fund administrator, and banks/prime brokers.
  • Opening of brokerage, bank accounts, and lines of credit
  • Onboarding all selected service providers and integrate each into the client’s operations prior to fund launch
  • Establishing key polices and procedure including valuation polices, cash management controls, etc.
• For the management company, 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
• Liaison with the clients’ external auditors, administrator, HR/payroll, and, compliance, 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

• 5-9 years of back office experience in the alternative investment management industry
• Experience in both hedge funds and private equity is a plus
• Experience in both in-house and service provider roles is a plus
• Minimum of a Bachelor's degree in Accounting with strong academic credentials
• CPA is a plus
• Advanced Excel skills
• Truly 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 a fast paced environment while effectively prioritizing tasks for multiple clients
• Ability to communicate effectively with clients and team members in a way 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 commit to making hiring decisions based on the skills and traits needed to be successful in this role. We are an equal opportunity employer and we welcome your application!