As an Accounting Manager at Formulary Financial, Inc., you will lead end-to-end client deliverables while shaping the future of fund administration. You’ll manage staff accountants, oversee complex waterfall calculations, and partner with product teams to automate operations. This is a ground-floor opportunity to transform private market operations using cutting-edge AI technology.
Accounting Manager at Formulary Financial, Inc.
Formulary Financial, Inc. is reinventing the multi-trillion dollar fund administration industry with the world's first AI-native platform. Backed by Khosla Ventures and Serena Ventures, this seed-stage startup offers a unique chance to transition from traditional accounting to building tech-enabled solutions. As the second Accounting Manager on a high-caliber team, you'll own client relationships, lead fund operations, and directly influence product automation. If you have 3-7 years of VC/PE accounting experience and are ready for a high-impact role with meaningful equity in NYC, this is the career-defining move you've been looking for.
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Location
New York City, United States
Compensation
Not Disclosed
Company
Formulary Financial, Inc.
Role overview
Formulary Financial, Inc. is a modern, AI-native fund administration firm that provides full-service fund administration for private equity, growth equity, and venture capital managers. It combines best-in-class talent in asset management, fund accounting, and artificial intelligence with proprietary technology to transform traditional, paperwork-heavy fund administration into reliable data infrastructure, intelligent fund operations, and tailored insights for general partners (GPs) and limited partners (LPs). The company focuses on delivering accurate, timely fund accounting, investor reporting, and operational support while leveraging AI to automate workflows, reduce errors, and provide analytics that help investment firms manage and scale their businesses more efficiently. Founded in 2025 and based in New York City, Formulary Financial positions itself as a strategic partner to alternative asset managers seeking a more technologically advanced and data-driven approach to fund administration.[1][5]
What you will do
- Own end-to-end execution of fund administration deliverables, including complex waterfall distributions, capital calls, and comprehensive LP reporting for leading asset managers.
- Manage and mentor a team of staff accountants, overseeing daily operations, client inquiries, and the recruitment of new talent.
- Partner with the product development team to identify automation opportunities and implement AI-driven systems to improve accuracy and efficiency.
Who this is a fit for
- 3-7 years of fund accounting experience specifically within venture capital or private equity, ideally coming from a specialized firm like VMS or Carta.
- Proven leadership skills with 2+ years of experience hiring and training fund accountants while maintaining high standards for client service and accuracy.
- A tech-forward mindset with a keen interest in AI and experience scoping system requirements to replace manual, error-prone paperwork with automated solutions.
Why this role is remarkable
- Join a seed-stage venture backed by top-tier firms like Khosla Ventures and Serena Ventures, offering meaningful equity and high-growth potential.
- Work at the intersection of private equity and AI, helping to build the first-ever AI-native fund administration platform from the ground up.
- Collaborate directly with repeat fintech founders and industry veterans to define operational processes and influence product development in a small, elite team.
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