Managing Director, Fund Finance and Legal

Team: Fund Ops Factory
Reports to: Tory Reiss, CEO • peer to the Head of Fund Operations
Location: New York - hybrid, 3 days on site
Employment type: Full-time
Comp: $170,000-$225,000 base plus equity
About the role

We are hiring a Managing Director of Fund Finance and Legal to own the finance function for the fund complex and the management company. You own the numbers the firm publishes: the NAV cycle and the reconciliation behind it, fund expenses and the annual budget, treasury and cash, audit and tax, and the corporate financials that go to the CEO and the board. You own the financial and legal architecture of every new vehicle we launch. Fund finance and fund operations are peer functions here. Our Head of Fund Operations owns the operational execution of the close, investor transactions and capital activity. You own the financial standards, the controls and the reporting those processes run against. The two of you are jointly accountable for the complex, and the partnership is the job. Three things make this different from a controller seat at a larger shop. We outsource our books and records on purpose. Your job is not to re-do that work. It is to understand every number well enough to catch an error before it reaches an investor, to decide the firm's position when two sources disagree, and to hold the whole network to a standard. That takes the depth of someone who could run the close themselves. The seat carries real legal ownership. You take point with outside counsel on fund launches, structuring and documentation, and you read the governing documents closely enough to know what they commit us to. We are not asking you to be our lawyer. We are asking for a finance leader fluent enough to own that relationship rather than route around it. We are deliberately tech-forward, and this seat is held to that standard. When something recurring is manual, we expect you to reach for a tool rather than absorb the work. You do not have to build everything yourself - you do have to be capable of it. This is a senior finance leadership seat reporting to the CEO.
What you'll own

• Financial reporting and the close. The NAV cycle across every vehicle, the reconciliation between our own view and our providers', and final sign-off before anything reaches investors. You own the close calendar and the standard it is held to.
• Fund expenses, budget and corporate finance. The annual fund expense budget, the allocation policy across vehicles, and the re-billing between fund and management company. Partnership with the CEO on corporate financials, burn, runway and board reporting.
• Treasury and money movement. The firm's cash position across operating and fund accounts, at banks and prime brokers, current rather than reconstructed at month end. The controls and approval authority around every wire.
• Audit, tax and regulatory. The annual audit as the firm's counterpart to the auditor. The tax cycle, with the preparer doing the work and you accountable for it landing. The firm's regulatory and compliance positions, alongside our compliance partner. Ongoing ownership of fund documents, side letters and investor agreements as the complex grows.
• Fund launches, structuring and legal. The financial and legal architecture of every new vehicle: structure, fee terms, governing documents, entity formation, registrations, account opening and administrator onboarding. You take point with outside counsel throughout. We launch regularly, and the existing complex cannot slip while it happens.
• Partnership with fund operations. Capital activity, the investor register, investor onboarding and the day-to-day close sit with our Head of Fund Operations and our outsourced partners. You set the financial standards and controls those processes run against, and the two functions are jointly accountable for the result.
• The provider network. The administrator, outsourced fund-ops team, auditor, tax preparer, outside counsel, prime brokers and banks. Held to a service standard, renegotiated when they miss.
• Financial systems and records. One financial source of truth rather than several competing copies. Documented procedures that do not depend on any one person. The tooling that makes the rest of this run.

Who you are
Required

• 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, not where you get lost.
• 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. You can run a formation without routing every question to counsel, and you know which questions genuinely need them.
• AI fluency, and genuine excitement about it. This is the requirement people fail, and we weight it heavily. We want someone who already uses AI as a working tool rather than a curiosity - to draft, to reconcile, to analyse, to build small things that remove recurring work. You should be able to tell us specifically what you have built with it in the last six months and what it changed, and you should be visibly interested in where this goes. We are a firm that runs on this, and a finance leader who is lukewarm about it will not enjoy working here.
• Technical range beyond Excel. We are not looking for someone whose answer to every problem is a better spreadsheet. Scripts, automations, small internal applications, a willingness to pick up a new tool over a weekend - any of these. You do not need to be an engineer. If your career has been Excel and an ERP, this will not be a fit, however strong the accounting.
• Small-firm operating experience. You have worked somewhere lean enough that you did the work yourself, not only directed it. We are hiring a leader, and the leadership here is hands-on: a seat at a large shop where the close belonged to a team two levels down is the wrong background. You should be comfortable going as deep as the problem requires and building the function out from there.
• 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 the firm's investor capital with appropriate seriousness. You exercise sound discretion with confidential financial and investor information.
• Ownership. You take a problem to a finished state without being managed to it, and you say so plainly when something is wrong.

Strongly 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.

Why this seat is interesting

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 a function that is already finished, this is the wrong role. If you want to shape one at the point where the decisions still matter, there are not many seats like it at this stage.