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Managing Director, Hedge Fund Administration

Repool LogoRepool


Date Posted

09 Jan, 2024

Salary Offered

$150000 — $225000 yearly

Job Type

Full Time

Experience Required

6+ years

Remote Work

Not Allowed

Stock Options

Yes

Vacancies

1 available


ABOUT US:

Repool is building modern backoffice infrastructure for hedge funds. US hedge funds account for $3.5T of assets but rely upon antiquated services and technology from fractured service providers, and there's an enormous opportunity to challenge longstanding incumbents and gain significant market share using technology to deliver superior client experience and internal workflow.

Founded in 2021, Repool is a YC S21 with over $6M in funding from top firms like Canaan, Matrix, and Uncorrelated, as well as angel investors including founders from unicorns like Brex, Jeeves, Mercury, Flexport, Outschool, Pilot, and Forge.

The team currently has 8 employees. This role will be in-person approximately 3 to 4 days a week in NYC.

THE ROLE:

We're hiring for an experienced professional with experience at an existing fund administration or fund services incumbent (Citco, State Street, Opus, NAV), or who has been part of an in-house fund admin practice group (Citadel, Millenium, etc internal admin) from either or both the accounting or business side to lead the GTM and partnerships initiatives of Repool, particularly with respect to fund administration, a new Repool product line.

You'll work closely with the founders to help us develop our fund admin platform strategically while acquiring new business from existing hedge funds; we're looking to bring on our first mid-sized advisers ($50-250m AUM) as clients and to build mutually beneficial channel/partnership relationships with other fund services players, and you'll spearhead those initiatives.

You'll represent Repool at events across the country and in New York City, run full cycle sales, foster long-term relationships with other fund services players and with funds, and help us build our reputation as a major fund administration player.

WHAT YOU'LL DO HERE

  • Build and manage client relationships with mid and large sized existing hedge funds that are either seeking new fund admin solutions or who are using an existing solution
  • Influence and contibute to the product direction of Repool as it uses technology to find operational and client leverage compared to industry incumbents
  • Manage and/or create strategic business development initiatives and see them through
  • In time, lead the Repool hedge fund administration practice group and personnel as we grow the team

THE RIGHT CANDIDATE WILL HAVE:

  • **At least 6 years of experience at existing fund services players and/or in-house at funds either from the client services or accounting side (ideally both)
  • **An entrepreneurial mindset; interested in challenging the status quo by bringing new and ideas and solutions to the table
  • **A bachelor's degree from a 4-year university

REPOOL BENEFITS:

Despite being an early stage startup, you'll find that we provide benefits better than most startups at our stage. We don't want joining early to mean critical concessions in security or your well being.

  • Highly competitive salary relative to experience and the role, and a meaningful equity stake
  • 100% covered, top-of-the-line health insurance, dental, and vision
  • 401k w/match
  • 100% covered life insurance, short-term disability insurance, and long-term disability insurance.
  • Commuter benefits
  • Optional critical illness, voluntary life insurance supplement, accident, and hospital insurance options
  • Unlimited PTO

WHAT'S IMPORTANT TO US:

  • Leaning in. Startups aren't where you go to make the absolute most money, have the best work-life balance, or the easiest role. That's not for everyone, but the worst situation is people who join startups wanting only the "upsides" and not the "downsides.". You should know that building a startup is hard, and while we aim to have work-life balance, this just isn't a 9-5 job, and it's also not a role where you can coast. Great companies that become unicorns universally have incredible early employees who leaned in and helped build the company.
  • Culture. Between the two of us, we've been at companies with great culture, okay culture, and bad culture, and while there's no one way to have an amazing culture, there are many ways to have bad cultures. We want Repool to be a transformative, inspiring, and enjoyable place to work, and we're really interested in hiring for other people who feel similarly.
  • Building great product and moving quickly. Our operating philosophy is to seek the truth, debate earnestly, and then - lastly, decide and go.
  • Becoming more formidable. Whether it's in 8 years or 2 years, we know it's unlikely that Repool is the last stop of your life and professional journey. We care deeply about supporting you in using Repool to get to whatever's next.

About Repool

Repool Logo

Making hedge funds easy to create and operate.

Company Size: 11 - 50 People
Year Founded: 2021
Country: United States

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