Fractional CFO, Catalyst Fund at BFA Global

About the Role

We are seeking a highly experienced and strategic fractional Chief Financial Officer (CFO) to join our team. The fractional CFO will be responsible for managing financial and legal processes, investor relations, fundraising support, and reporting, and will report directly to the Managing Partner.  We expect this role to take 4 days a month. 

What you will do 

• Fund Administration and Financial Reporting
  • Manage the firm’s outsourced back-office relationship with Carta, accountants, auditors, and tax advisors
  • Review and maintain oversight of quarterly fund financials produced by Carta, ensuring accuracy and completeness before publishing to LPs. This includes reviewing bank reconciliations, approving management fees, statement of investments and reviewing quarterly financial statements. 
  • Prepare quarterly financial performance presentations  for LPAC quarterly meetings 
  • Reviewing  monthly financial statements for the management company of the fund 
  • Prepare and manage budgets and cashflow forecasts for the fund and management company
  • Ensure adequate and cost-effective insurance coverage
  • Maintain and expand financial controls
  • Manage firm’s expenses, vendor relationships, and pay invoices
  • Manage relationship with bank (Bank of America)
  • Audit portfolio company D&O insurance policies for compliance with requirements

• Legal and Compliance 
  • Manage statutory and tax compliance of all legal entities of the Fund and Management company
  • Coordinating the annual audits and managing the drafting of annual financial statements in compliance with both GAAP and IFRS
  • Reviewing tax returns prepared by the Tax advisors, and coordinating with Carta to send out 1099s, K1s 
  • Manage the compliance policy of the fund and ensure adherence, ensure firm’s compliance with applicable regulatory requirements for Delaware-based funds filed as ERA-ADV
  • Prepare and review legal agreements for startups’ investments  
  • Ensure firm is in full compliance with applicable regulatory requirements and government filings
  • Coordinate with outside counsel on ad-hoc legal matters

• Investor Relations
  • Coordinate/support legal processes for fundraising, including final execution of all LP documents, and assist with diligence requests during fundraising
  • Respond to ad-hoc LP requests regarding capital calls, commitments, compliance, tax, and other related matters
  • Liaising with Carta on all investor-related matters (i.e. KYC, sending onboarding documents etc)

Qualifications & Requirements

• Bachelor’s Degree required, MBA or CFA preferred
• CPA or mastery of accounting preferred
• 5+ years of experience in the financial operations of a VC, PE, or hedge fund, 
• Knowledge of US VC funds and the regulatory environment is a must
• Knowledge of Carta or other fund management software preferred 
• Private company valuation experience preferred
• Outstanding written and verbal communication skills
• Highest degree of integrity, professionalism, ethics, and maintenance of confidentiality
• Self-directed and detail-oriented