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Head of Investment Management

Watershed Ventures

Redesign Health is a global venture and applied technology firm focused on building next‑generation healthcare companies. We manage venture capital and venture buyout strategies, each powered by an AI operating system and team of leading technologists, entrepreneurs, and investors.

Our venture capital strategy backs exceptional founders at the earliest stage—often before an idea is fully formed—and provides first institutional capital and an unmatched degree of strategic leverage and domain expertise through exit. Our venture buyout strategy partners with proven management teams through control investments and delivers outsized value by rewiring core products and workflows with AI.

Since inception in 2018, Redesign and our portfolio companies have touched the lives of more than 15 million patients, raised over $1.5 billion from premier institutional, sovereign, and strategic investors, and built distinctive partnerships with marquee healthcare organizations and senior leaders around the world.

About the Role: As our Director, Fund Accounting & Investment Operations , you will deliver senior technical accounting judgment as well as own the execution of fund accounting and fund administration processes for Redesign Health’s US and International Funds. You are someone with a strong grasp of fund accounting strategy and technical GAAP nuances, who is also highly willing and capable of hands‑on execution in the details. This means you will own technical fund accounting and financial reporting, as well as the end‑to‑end investor operations lifecycle. That lifecycle includes preparing capital call and distribution notices, drafting fund financial statements, owning investor‑facing fund reporting, managing tax and compliance reporting, as well as responding to questions and requests from Redesign’s investors. You will bring human judgment to AI‑native transformation projects while we both grow domestically and scale new international funds. You will have access to AI experts and frontier AI tools that enable you to run the transformed function you will help design. You will report to and work very closely with our Controller, as well as with our broader Strategy & Finance and Legal teams.

What you will do: Fund Accounting, NAV & Financial Statements: Own fund accounting across a complex multi‑vehicle structure of SPVs, aggregators, parallel funds, and offshore blockers. Oversee bank, trial balance, and investment reconciliations. Prepare and review fund financial statements, some audited.

Capital Calls, Distribution & Investor Operations: Run capital call and distribution cycles end to end, including pro‑ra sharing calculations, equalization and late‑admission true‑ups, notice preparation and validation, wire‑instruction verification, and flow‑of‑funds execution with banking partners. Own investor onboarding and subscriptions, KYC/AML, the accuracy of investor‑facing statements, and handle investor‑sensitive accounting exceptions that must be resolved before they reach an LP.

Investor Relations and Communications: You will own the resolution of investor questions and requests sent to our Investor Relations inbox. This includes answering investor questions about fund mechanics, replying to reporting requests, completing investor audit confirmations, addressing inquiries from investor tax and accounting teams, as well as resolving ad hoc investor questions.

Tax, Compliance, and Reporting Oversight: Review and sign off on K-1s, partnership tax forms (1042/8804), FATCA/CRS reporting, and investor reporting across the fund complex. You will ensure the quality and accuracy of regulatory reporting obligations such as Form ADV and CIMA.

Technical Accounting, Fund Launches & Audit: Serve as the senior reviewer and technical accounting owner for fund structuring, fund changes, and new fund launches. Own external fund audits end to end, from PBC delivery to liaising with auditors and external fund compliance advisors.

You will provide the fund accounting knowledge, and contribute to the design of systems that let AI carry the preparation work while judgment, signoff, and exceptions stay with you.

International Fund Scale‑Up: Partner with Strategy & Finance, Legal, and local advisors to stand up and scale fund accounting and investment operations for new international funds across multiple markets, including the banking, entity, and compliance infrastructure each new fund requires.

You have a CPA (or equivalent license), with a Bachelor’s degree in Accounting, Finance, or related field.

8+ years in fund accounting and fund administration within venture capital, private equity, or hedge funds including time as a senior reviewer and not solely as a preparer. You have had exposure to a wide variety of private fund structures, investment vehicles, and investment instruments.

Deep command of US partnership accounting and complex fund structures (SPVs, aggregator and parallel funds, holding vehicles, offshore blockers, and international funds).

Demonstrated ownership of capital calls, distributions, NAV and capital account calculations, valuations, and the review of fund financial statements.

Experience leading external fund audits and managing fund administrators, auditors, and external legal counsel.

High proficiency with fund accounting software (Allvue experience a strong plus).

Deep experience with investor relations CRM platforms for managing broad investor communications and document distribution.

Exposure to highly technical new fund launches, fund structuring, or standing up accounting for new vehicles or jurisdictions.

Familiarity with cap table administration and partnership tax and K-1 reporting.

Working knowledge of KYC/AML, banking compliance, and cross‑border requirements (e.g., FATCA, CRS, CIMA), and comfort operating across multiple entities, currencies, and jurisdictions.

You act with a clear sense of ownership, and take personal responsibility for decisions and outcomes, and build processes that make work monitorable and establish clear feedback loops for measuring results.

Manages Complexity . Decision Quality . You make sound decisions, even in the absence of complete information, relying on a mix of analysis, wisdom, experience, and judgment. You exemplify the qualities that investors, auditors, executives and regulators rely on.

AI sets the floor: Talent density is our greatest asset; Location: This role will be based in NYC and ideally work in a hybrid fashion 3 days/week.

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Vacancy posted 9 hours ago
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