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Director, Fund Administration

Dynamo Software

Dynamo Software

Watertown, MA, USA
Posted on Tuesday, June 11, 2024

Dynamo Software is a leading global FinTech Research and Portfolio Management SaaS provider offering an industry-tailored, highly configurable SaaS platform solving challenges across the alternative investment landscape. For more than 20 years, the Dynamo™ platform has improved the productivity of fundraising, deal, research, investor servicing, portfolio management, and compliance teams worldwide. Collectively, Dynamo’s 1,000+ clients manage over $10 trillion in assets. Backed by the largest Private Equity firms in the world – Blackstone Growth and Francisco Partners, Dynamo is seeking to grow our team based on rapidly increasing demand for our financial technology solutions

Role Overview: The Director, Fund Administration position will manage a business line within our Outsourced Accounting and Reporting Services practice (the “Outsourcing Practice”). The Outsourcing Practice focuses on private equity and provides customized bundles of accounting and reporting services to our clients, which include, but are not limited to, entry of all accounting transactions and related recordkeeping; preparation and e-delivery of quarterly unaudited financial statements and investor reports; preparation and e-delivery of investor capital calls and distributions; coordination of annual audits, including drafting the footnotes to the audited financials; coordination of annual partnership income tax returns and e-delivery of Schedule K-1s to investors; maintenance of clients’ online investor portals; responding to ad hoc questions from clients and their investors; administering the treasury function including lines of credit.

Responsibilities & Requirements:

Client Service

  • Act as top escalation point for all client and practice-related issues
  • Conduct wellness checks on all clients to ensure white glove service provided by the team
  • LPA & GAAP technical subject matter expert
  • Manage Client/ Client Entity onboarding; review final summary documents, confirm software configuration, assure “go-live’ checks are completed
  • Manage initial and ongoing engagement risk analysis for each client
  • Be the final reviewer of key deliverables for all clients

Practice Management

  • Practice effectiveness:
    • Establish & implement policies and procedures for sound control environment
    • Leverage broader Dynamo resources – Human and technical
    • Manage annual SOC audit
    • Actively participate in industry events and conferences
  • Practice Profitability:
    • Manage/monitor engagement economics
    • Determine client retainers
    • Identify & implement internal and external opportunities for profitability enhancements
  • Practice Administration:
    • Order form management
    • Billing coordination
    • Recruiting
    • Training of staff
    • Drive the product roadmap for needed features and functionality to run the fund administration practice
  • New business development
    • Lead sales effort and coordinate with sales and marketing teams
    • Participate in webinars/demonstrations

Resource Development & Management

  • Manage the staffing utilization analysis and ensuring proper staffing assignments
  • Coordinate and execute on the hiring process for all new team members
  • Generate and manage ongoing training and development for your staff members

What you bring:

  • Minimum of Bachelor’s degree in Accounting + CPA
  • 10+ years of experience in private equity or partnership investment accounting, including 8+ years in a managerial/leadership role
  • Previous fund administration or private fund experience preferred
  • Understanding of the private equity and venture capital industry
  • Experience in understanding and interpreting waterfall calculations, management fees and carried interest allocations
  • Ability to multi task and balance priorities while maintain a high level of attention to detail
  • Technical interest / aptitude, including strong Excel skills
  • Excellent communication skills
  • Ability to mentor and develop staff members to ensure proper client support and success plans for future growth of the practice

What we offer:

  • The ability to have an IMPACT. Good ideas come from everybody in our organization. We are agile enough to embrace new ideas and new directions.
  • A very attractive work culture in an established technology company. We take pride in our work and people.
  • A competitive base salary, performance bonus, 401k matching, & excellent benefits.
  • The right candidate will have the opportunity to interact with all facets of our growing company and to define his or her own career track.

Dynamo Software, Inc. is an equal opportunity employer. All employment decisions and personnel actions at the Company are administered without regard to race, color, religion, creed, national origin, ancestry, sex, age, qualified mental or physical disability, sexual orientation, gender identity, genetic carrier status, any veteran status, any military service, any application for any military service, or any other category or class protected by federal, state or local laws. All employment decisions and personnel actions, such as hiring, promotion, compensation, benefits, and termination, are and will continue to be administered in accordance with, and to further the principle of, equal employment opportunity.