About Open Opportunity Fund:
Open Opportunity Fund is a venture and growth investment firm backing B2B software companies across Enterprise IT, fintech, and people infrastructure. We invest in business-critical software shaped by cloud and AI, with a strong track record sourcing differentiated opportunities beyond the traditional venture hubs. Fund I was a $100M fund, and we are now raising Fund II as we scale the platform and institutionalize our operations.
Role Overview:
The Chief Financial Officer (CFO) will be a core member of Open Opportunity Fund’s leadership team and will own fund finance and management company finance end-to-end—reporting, controls, audit/tax management, LP financial reporting, cash planning, and financial systems. This is a hands-on role: you will architect the operating cadence, manage external providers, and ensure we deliver institutional-grade accuracy and responsiveness.
Key Responsibilities:
Firm & Fund Financial Leadership
- Own fund and management company finance end-to-end, partnering with our fund administrator firm to deliver a reliable close, budgeting/forecasting, and cash planning cadence.
- Oversee fund financial statements, capital calls, distributions, capital accounts, management fees, and waterfall/carry calculations—ensuring accuracy through review, reconciliation, and quality control.
- Deliver institutional-quality quarterly and annual LP financial reporting; ensure consistency across LP statements, schedules, and supporting workpapers.
- Partner with leadership on firm strategy, resource allocation, and long-term financial planning (runway, hiring plan, operating leverage).
Fundraising, LP Financial Diligence & Reporting
- Own the financial workstream for fundraising and LP diligence: track record schedules, fund model support, DDQs, and data room readiness.
- Serve as the primary point of contact for LP financial questions (reporting, fees, valuations, audit/tax timing), coordinating with the partners on investor communications.
- Maintain reporting standards expected by institutional LPs (clarity, timeliness, audit-ready support, and well-documented assumptions).
Accounting, Tax & Governance
- Manage and performance-manage external providers (fund admin, audit, tax, legal) with clear scopes, timelines, and SLAs; proactively resolve discrepancies and process breaks.
- Own audit and tax execution across entities and vehicles, including calendar management, issue resolution, and K-1 communications and timelines.
- Implement and maintain internal controls and policies (expense policy, approvals matrix, wire controls, documentation standards, and segregation of duties) appropriate for an institutional platform.
- Partner with counsel and compliance resources to maintain compliance posture
SPVs, Sidecars & Special Vehicles
- Own financial operations for SPVs/sidecars/co-invest vehicles in coordination with fund administrator: launch playbooks, investor onboarding/subscription tracking, closings, capital calls/distributions, deal-level reporting, and wind-downs.
- Ensure consistent fee/expense allocation, reporting standards, and investor communications across special vehicles.
SSBCI / SBIC Program Finance & Reporting
- Lead financial planning, reporting, and compliance support for structured capital programs, including SSBCI and SBIC-related requirements (as applicable).
- Build and maintain program-specific reporting, data integrity, and audit readiness; coordinate across administrators, counsel, and program stakeholders
- Ensure investment, eligibility, and documentation workflows align with program rules and reporting obligations, without slowing core investing operations.
Operational Excellence & Infrastructure
- Optimize finance systems and workflows with the fund administration firm, improving automation, data quality, and reporting efficiency.
- Partner internally on compensation, expense management, and vendor oversight; ensure clean allocations and defensible policies.
Strategic Partnership & Leadership
- Act as a trusted advisor to the Managing Partners on financial strategy, risk, and performance optimization.
- Collaborate with the investment team on deal structuring, reserves planning, and valuation documentation.
- Represent the firm with LPs, co-investors, and external partners as the senior finance leader—credible, responsive, and detail-accurate.
This role is ideal for a CFO who thrives in an entrepreneurial environment, enjoys building scalable financial infrastructure, and is passionate about supporting founders and investors in high-growth markets.
This role is based in Atlanta or Miami and is available for an immediate start.
Qualifications & Experience
- 10+ years of progressive experience in finance, fund accounting, or investment operations, with significant experience in venture capital, private equity, or alternative asset management.
- Senior leadership experience (CFO, VP Finance, Head of Fund Finance/Operations, or equivalent) within an investment firm, fund administrator, or institutional investment platform.
- Deep understanding of fund structures and mechanics, including capital calls, distributions, capital accounts, management fees/expenses, and carried interest/waterfall calculations.
- Strong track record owning institutional LP reporting, including quarterly reporting packages, ad hoc LP inquiries, and diligence support (DDQs, data rooms, track record schedules).
- Experience managing external providers (fund administrator, audit, tax, legal) with clear scopes, timelines, and quality control; ability to diagnose and resolve reporting “breaks” quickly.
- Direct experience with structured capital programs such as SSBCI and/or SBIC, including program reporting, compliance coordination, eligibility/documentation requirements, and audit readiness.
- Experience supporting SPVs, sidecars, and co-invest vehicles, including investor onboarding/subscription tracking, closings, capital calls/distributions, deal-level reporting, and wind-downs.
- Strong familiarity with audit and tax processes for investment funds and management companies, including partnership tax workflows and K-1 planning and communications.
- Systems fluency with fund administration and reporting workflows; experience working with platforms like Aduro (or comparable fund administrators) and improving the operating cadence, data integrity, and reporting efficiency.
- Bachelor’s degree in Finance, Accounting, Economics, or related field required; CPA and/or CFA strongly preferred (or equivalent experience).
To be successful in this role:
- Operate with ownership, speed, and high standards.
- Build simple, scalable processes—and enforce them with discipline.
- Communicate clearly with partners, LPs, and vendors; no surprises.
- Anticipate issues early and solve them pragmatically.
- Earn trust through accuracy, transparency, and follow-through.
How to Apply:
Interested candidates are invited to submit their resume and cover letter to hr@theopportunityfund.com. Please include "CFO Application - [Your Name]" in the subject line.
Open Opportunity Fund is an equal opportunity employer and encourages candidates from all backgrounds to apply. Learn more about our mission and impact at https://www.theopportunityfund.com/.
