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VP of Product, Fund Admin

Carta

Carta

Product
San Francisco, CA, USA
Posted on Saturday, May 11, 2024

The Company You’ll Join

Carta is a platform that helps people manage equity, build businesses, and invest in the companies of tomorrow. Our mission is to unlock the power of equity ownership for more people in more places.

Carta is trusted by more than 40,000 companies and over two million people in nearly 160 countries to manage cap tables, compensation, and valuations. Carta also supports nearly 7,000 funds and SPVs, and represents nearly $130B in assets under administration. Carta's tender offer solutions have returned $14B to shareholders in secondary transactions. Today, Carta’s platform manages nearly three trillion dollars in equity globally.

For more information about our offices and culture, check out our Carta careers page.

The Problems You'll Solve

At Carta, our employees set out on a mission to unlock the power of equity ownership for more people in more places. We believe that the problems we solve today unlock the opportunities of tomorrow.

In 2018 we entered the Fund Administration business because we saw that the process of managing private market investments was wildly inefficient. In the public markets, you could login to your brokerage account anytime to see your investments, their cost, and their value. In the private markets, you hired an accountant and waited a quarter or more to get a spreadsheet. We changed the market with the first real time Schedule of Investments (SOI). Investors could login at any point and see an up to date view of their investments, cost and value.

In the last five years, we’ve been building the platform to unlock the future of fund administration. We launched our own proprietary general ledger and “Event-Based Accounting” framework. We’ve embedded deeply with our customers to understand thousands of complex workflows. And we’ve automated the nitty gritty parts of the business like LP allocations, waterfalls, capital calls, and management fees. As a result Carta Fund Admin has grown from an idea many thought was impossible to a business that manages over $130B in assets for the world’s top venture and private equity investors.

But we’re still at the beginning of our journey. The challenge now is to orchestrate all of this infrastructure, automation, and our service team to create an unparalleled client experience. We need to make each client task flow through our system seamlessly so the work is done quickly and accurately. The ultimate vision is one in which we can remove fund managers from the minutiae of busywork to focus on what really matters: fundraising, developing investment theses, and getting deals done.

As the VP of Product for Fund Administration, you’ll partner with your business and engineering partners to lead this business into its next chapter. You’ll help solve problems like:

  • How do we build for scale while ensuring that we deliver a delightful customer experience?
  • How can we create a fund onboarding experience that creates transparency and sets our clients up for a successful long-term relationship with Carta.
  • How realtime can we make our data? What needs to change upstream in our business or in the industry to go even faster?
  • How do we enable a fundamental shift from fund managers interacting with their admin over email to interacting with their admin via software?

The Team You'll Work With

The Fund Administration business is an established business within Carta, but it is still Day 1 for this product. There are enormous challenges to be solved, and enormous opportunities if we can do it. You’ll be joining an organization that cares deeply about building delightful experiences for GPs and LPs, has a deep understanding of the ecosystem, and understands the responsibilities we have to our customers.

As VP of Fund Admin, you’ll have an experienced team of product leaders reporting to you. You’ll work with a broader team of engineers, designers, customer service representatives, delivery team members and more. As a P&L owner of the Fund Administration business, you’ll make capital allocation decisions across all functions and sub-businesses with your trifecta partners.

About You

Here are some of the attributes we’re looking for in our new leader. You are:

  • A doer and owner, able to create momentum in the business.
  • A learner, independently curious about the private markets.
  • A systems thinker who can break down complex processes and systems into simple models. Fund Admin is both wide and deep. The ability to simplify and reason about this as a system is critical.
  • A leader of leaders, who knows how to tailor their approach to the stage of the business and make-up of the team.
  • Someone with the product sense to build experiences that will transform user behavior for the industry.
  • A master in the craft of product management and company building.
  • Used to explaining your why, playing in the open, and great at bringing your team and organization along with you.
  • Perseverant, with the grit to withstand the ups and downs of a scaling business. You believe you can solve even the hardest problems.


At Carta, you’re not just an employee. You’re a builder who is creating infrastructure that accelerates innovation and empowers more ownership. Cartans are helpful, relentless, unconventional and kind; representing Carta’s Identity Traits. They work collaboratively and cross functionally to challenge the status quo; working towards a common goal of creating more owners in the private markets.

Salary

Carta’s compensation package includes a market competitive salary, equity for all full time roles, exceptional benefits, and, for applicable roles, commissions plans. Our minimum cash compensation (salary + commission if applicable) range for this role is:

  • $315,000 - $420,000 USD salary range in San Francisco
  • $315,000 - $420,000 USD salary range in New York

Final offers may vary from the amount listed based on geography, candidate experience and expertise, and other factors.

We are an equal opportunity employer and are committed to providing a positive interview experience for every candidate. If accommodations due to a disability or medical condition are needed, please connect with the recruiter via email. As a company, we value fairness, helpfulness, transparency, leadership and build our teams around these values. Check out our careers page to get to know us better as you think about your next step at Carta.

Important Security Notice for Candidates

Our company has been targeted by individuals creating fake domains similar to ours to scam prospects and candidates. Please note that all official communications from us will come from an @carta.com domain. Be cautious of any requests for sensitive information or payments outside of our official channels. For more information about this type of scam, please review the guidelines provided by the Federal Trade Commission (FTC). If you encounter any suspicious activity, please report it immediately to recruiting-systems@carta.com.

Awards and Acknowledgements

Companies and funds like Tribe and Pipe build their businesses on Carta. The company has been included on the Forbes World’s Best Cloud Companies, Fast Company's Most Innovative list, and Inc.’s Fastest-Growing Private Companies. We’ve also been recognized as a 2023 Built In Best Place to Work in the U.S., a Muse VIBE Award winner in the Vacation and Time Off category and certified as a Great Place to Work.

Interested in data privacy? Check out our policies on Privacy and CA Candidate Privacy.