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We are always on the lookout for passionate people that possess IQ and EQ to join our growing team.
The Office of the Chief Financial Officer (OCFO) is an outsourced full-service accounting and finance offering. It encompasses the implementation and operation of an industry-standard internal control framework, finance operations and financial reporting, turning your back office into a competitive advantage.
Our team of accountants and financial experts have diverse experience which allows alternative investment managers to focus on their core competencies.
Oversight of fund administrator
As the largest OCFO provider in the U.S., we reconcile thousands of NAVs for hundreds of managers across all major fund administrators.
Our team ensures the fund administrator:
- Accurately captures capital calls and distributions
- Allocates shared expenses accurately between entities
- Valuations meet industry best practices
- Fee and waterfall calculations which are in line with terms outlined in the fund offering documents
- The Net Asset Value (NAV) is wholistically accurate to the most granular level (fund/investor/series/etc.)
Our NAV services for actively traded structures work seamlessly with our Middle Office Services offering – ensuring security level profit and loss detail and non-trading accruals are accurately captured in your internal shadow book of records.
Controllership of the management company and GP
Alternative investment advisors have the same responsibilities as many small businesses, such as bill pay, payroll, cash flow management, budgeting and rent. Your OCFO team will oversee these functions, ensuring the financial goals of your company are clearly articulated and effectuated.
Our management of the general ledger system is tailored to a manager’s needs, but generally consists of the below:
- Maintaining the books and records, including a record of amounts due to and from other entities including subsidiaries, advisory entities, and portfolio companies
- Recording and classifying, as directed by management, any accruals related to bonuses, tax withholding or expenses, employee expenses and payroll
- Reconciling bank and credit card transactions posted in the books and records to statements provided by financial institutions
- Directly receiving and processing vendor invoices
- Recording and classifying income (management fees, incentive fees, and/or investment carry) related to each source of fee generation
- Supporting the execution of internal controls for cash movements
Financial reporting
Treasury functions
Enterprise risk management
Investor communications
Investment performance
Operational due diligence
Fund life cycle events – launch and winddown
Our deep bench of industry professionals form a specialized and dedicated client service team, enhancing and institutionalizing your financial infrastructure from day one. We’re tailored to your current needs but have the resources to service you as you grow.
Contact us today to learn more about our comprehensive services.
CFO services FAQs
What does a CFO typically do?
A CFO typically manages a company’s financial operations and is responsible for setting financial goals, creating and managing budgets, and making important decisions about company funds. A CFO will also manage investments and make sure that any associated risks are considered.
What are outsourced CFO services?
It’s not always possible for businesses to have an in-house CFO, so outsourced CFO services offer the opportunity to access external financial experts to fill that position. These experts provide valuable advice and insights to help you make informed decisions about your finances and achieve your financial goals. Whether it’s ongoing support or a one-off project, external CFO services can help businesses save time and money while accessing specialist advice and resources.