Managing Director, Fund Finance and Legal

About Equi Diversifying your portfolio with alternatives can help protect against market volatility. But not all alts are created equal. Uncorrelated alts are the key to true diversification. Equi aims to provide investors with absolute return investments that are uncorrelated to public markets so that wealth can compound even when markets go sideways. As seen in the WSJ, Fortune, Business Insider, TechCrunch, and Nasdaq.

Equi

Alpha beyond the obvious.

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E

equi.com

11-50 employees

Financial Services

New York, NY

2020

Privately Held

4.6k LinkedIn followers

Raised $25M

• Equi is a team-first environment where transparency and healthy debate are integral to our success. We operate with a flat structure: ideas win on merit, not seniority, and every team member is expected to argue a position and change their mind when the evidence warrants. Nobody here is narrowly role-specific. When there is an adjacent fire, you step in.
• We are deliberate about being tech-forward. People here build their own tools rather than waiting on a roadmap, and that expectation applies to this seat as much as any other.
• Own the NAV cycle across every vehicle, the reconciliation between our own view and our providers', and final sign-off before anything reaches investors
• Own the close calendar and the standard it is held to
• Run the annual fund expense budget, the allocation policy across vehicles, and the re-billing between fund and management company
• Partner with the CEO on corporate financials, burn, runway and board reporting
• Own the firm's cash position across operating and fund accounts, at banks and prime brokers, current rather than reconstructed at month end, with the controls and approval authority around every wire
• Serve as the firm's counterpart to the auditor on the annual audit, and stay accountable for the tax cycle landing, with the preparer doing the work
• Hold the firm's regulatory and compliance positions alongside our compliance partner, including fund documents, side letters and investor agreements as the complex grows
• Own the financial and legal architecture of every new vehicle: structure, fee terms, governing documents, entity formation, registrations, account opening and administrator onboarding
• Take point with outside counsel throughout, while keeping the existing complex running as we launch
• Set the financial standards and controls that capital activity, the investor register, investor onboarding and the day-to-day close run against, jointly accountable with our Head of Fund Operations
• Hold the administrator, outsourced fund-ops team, auditor, tax preparer, outside counsel, prime brokers and banks to a service standard, and renegotiate when they miss
• Build toward one financial source of truth rather than several competing copies
• Put documented procedures in place that do not depend on any one person, and own the tooling that makes the rest of this run

Required

• We are looking for a finance leader with real depth in fund accounting, fluency with fund legal documents, and a genuine appetite for using AI and technology to run the function better.
• Deep Fund Accounting and Fund Operations: Eight to twelve years running or overseeing the financial operation of a fund complex, at a fund administrator, hedge fund, multi-strategy fund, private-markets manager, or outsourced fund-CFO practice. You know the NAV cycle cold and can look at a draft NAV and find the error before anyone else does. Multi-layered structures are where you are most comfortable.
• Fund Legal Fluency: You have worked closely with fund counsel on launches, structuring and documentation. You can read a private placement memorandum, a side letter and a subscription agreement and know what they commit the firm to, and you can run a formation without routing every question to counsel.
• AI Fluency: You already use AI as a working tool to draft, reconcile, analyze and build small things that remove recurring work. You can tell us specifically what you have built with it in the last six months and what it changed, and you are visibly excited about where this goes.
• Technical Range Beyond Excel: Scripts, automations, small internal applications, or a willingness to pick up a new tool over a weekend. You do not need to be an engineer, but a career of only Excel and an ERP will not be a fit.
• Small-Firm Operating Experience: You have worked somewhere lean enough that you did the work yourself, not only directed it, and you are comfortable going as deep as the problem requires while building the function out.
• Provider Oversight: You have managed administrators, transfer agents, auditors, tax preparers, outside counsel, prime brokers and banks, and you know where the hand-offs break.
• Controls and Judgment: You are precise, you close loops, and you treat investor capital and confidential information with appropriate seriousness.
• Ownership: You take a problem to a finished state without being managed to it, and you say so plainly when something is wrong.

Preferred

• Multi-strategy and multi-vehicle structures, especially layered arrangements where a single allocation splits across several vehicles and has to be attributed back cleanly
• A legal background or qualification, or depth built through years of sitting across the table from fund counsel
• Offshore vehicles and the audit and filing cycle that comes with them
• ERISA and plan-asset monitoring
• A CPA, or equivalent depth arrived at another way
• Equi is at the stage where a finance function stops being a set of processes and becomes a system. The foundations are in place: a strong provider network, a clean structure, real scale. The next chapter is building the leverage on top of it and deciding what this function looks like as the platform doubles. If you want to shape a function at the point where the decisions still matter, there are not many seats like it at this stage.

• Equity
• Bonus