Vice President of Finance

THE ROLE

HOF Capital seeks a Vice President of Finance to assume senior ownership of the accounting, reporting and administration of the firm’s fund and SPV complex, comprising five diversified funds and approximately 100 special purpose and co-investment vehicles. The role reports to the Chief Financial Officer.

Alongside the reporting cycle, the role is expected to lead the firm’s finance initiatives, including real time firmwide reporting on assets under management and carried interest, and fund level cash availability and dry powder analysis.

THE FIRM

HOF Capital is a venture and growth equity firm with approximately $14 billion in regulatory assets under management, investing across artificial intelligence, space, defense technology, frontier technology and enterprise software. The platform comprises HOF Capital Strategic Opportunities Fund I and Fund II, together with approximately 100 special purpose and co-investment vehicles.

SCOPE OF THE ROLE

Ownership of the fund and SPV complex

·        Own the quarterly and annual reporting cycle across both flagship funds and the full SPV complex, including net asset value packages, capital account statements, management fee calculations and carried interest allocations.

·        Serve as the principal internal owner of the annual audit across all fund entities.

·        Own the quarterly valuation process under ASC 820, including methodology selection, documentation and presentation of conclusions to the auditors.

·        Own the Schedule K-1 cycle and investor allocations across the complex in coordination with the tax providers.

·        Assist with distribution processes; including the reconciliation of waterfalls, economic assignment agreements, and underlying fund ownership.

·        Review capital call notices, distribution notices and supporting allocation schedules prior to issuance.

Finance initiatives and reporting infrastructure

·        Build and maintain real time firmwide reporting on assets under management across all funds, special purpose vehicles and co investment entities.

·        Build and maintain carried interest tracking on both a realized and unrealized basis, at entity and firm level, reflecting all underlying carry layers.

·        Develop fund level cash availability and dry powder reporting, covering uncalled capital, subscription facility capacity, reserves for follow on investments and projected expense requirements.

·        Establish a single source of truth for entity, ownership and cost basis data across the platform.

·        Design the workbook architecture, reconciliation processes, review controls and written procedures required to support the above at scale.

·        Identify and lead further finance initiatives as the platform grows.

Oversight of external providers and upstream processes

·        Act as the firm’s principal point of accountability for all finance related third parties, including the fund administrators, external auditors, CPAs and tax advisors, and banking and credit facility partners.

·        Coordinate delivery across those providers and manage the dependencies between them, ensuring that audit, tax and reporting deadlines are met without delay.

·        Define the scope, service levels and commercial terms of each engagement, and review external work product with appropriate professional skepticism.

·        Partner with the Operations, Legal and Investor Relations teams to strengthen the upstream processes on which finance depends, including document collection, closing binders, transfer paperwork and capital call support, and assume direct ownership of those processes where appropriate.

CANDIDATE PROFILE

Required experience

·        Eight or more years of combined experience across public accounting and fund finance within private equity, venture capital or a comparable investment management environment.

·        Comprehensive command of the profit and loss statement and balance sheet of a private investment fund, from acquisition through unrealized marks, realized gains, fee allocations, carried interest and capital account reconciliation.

·        Strong technical grounding in partnership accounting mechanics, including income and loss allocation, waterfall construction, preferred return and catch up provisions.

·        Demonstrated ownership of an annual audit as the principal internal point of accountability.

·        Working knowledge of partnership taxation, including Schedule K-1, Schedule K-2 and K-3, and non United States investor withholding requirements.

·        Command of ASC 946 and ASC 820, including fair value hierarchy classification and net asset value practical expedient reporting.

·        Advanced Excel capability, including the ability to construct and review waterfall and capital account models independently.

·        Experience operating across a large number of vehicles and managing reporting cycles at scale.

Preferred qualifications

·        Big 4 audit experience within the investment management or private equity practice, followed by a fund finance role. This combination is of particular interest.

·        Certified Public Accountant license.

·        Experience designing management reporting or portfolio analytics from first principles, rather than operating an inherited process.

·        Experience managing a bench of external providers, including fund administrators, auditors and tax advisors, across a multi entity platform.

·        Familiarity with multi entity structures, including master feeder arrangements, parallel funds, offshore feeders and SPV complexes.

·        Experience supporting secondary transactions, limited partner transfers and co investment mechanics.

Personal attributes

The successful candidate will bring a strong ownership orientation, resolving issues before they escalate and operating with limited direction. The role requires precision at the transaction level alongside the judgement to see the complete financial picture of the platform, and suits a candidate prepared to work hands on across the detail while building process where little currently exists. Clear written communication is essential, as is the ability to hold external providers to a high standard while maintaining constructive working relationships.

ORGANISATIONAL CONTEXT

The role reports to the Chief Financial Officer and sits as a peer to the firm’s existing Vice President of Finance. The finance function also includes a finance analyst and a Management Company Accountant who owns the management company books. The successful candidate will work closely with the Chief Operating Officer, the General Counsel and Chief Compliance Officer and the Investor Relations team, together with the firm’s external auditors, CPAs on tax matters, the firm’s fund administrators, and its banking and credit facility partners.

TO APPLY

Interested candidates should submit a resume and a brief cover letter describing their fund accounting and audit experience to finance@hofcapital.com. All enquiries will be treated in strict confidence.