Jun 20, 2022
We are looking for an accounting professional to jump in and play an integral role in a high-performing team. This is a great opportunity for someone to join a fast-growing global organization, make an immediate impact, and if successful have advancement opportunities as we grow. The Fund Accountant will be responsible for various tasks and activities supporting Techstars’ venture capital funds and accelerator programs around the world. This person must thrive under tight reporting deadlines, while continually considering ways to learn, automate and improve processes. This position will report to the Fund Controller, but also work closely with and support multiple team members across both the fund and operations finance teams.
Maintain general ledgers and sub-ledgers for the various fund and investment entities
Process portfolio company financings, M&A transactions, and related valuation events by recording adjustments and journal entries in internal systems
Own preparation of quarterly financial statements, footnote disclosures, investor allocations, schedules of investments & portfolio summary reports
Prepare portfolio statements for corporate partners
Prepare distribution allocations, investor notices and wires; and confirm wire instructions with investors as needed
Record capital calls and perform follow ups as needed
Prepare weekly reconciliation of investment data between investment database and accounting system, and investigate differences
Ensure data hygiene of transactions across all entities
Monitor and record cash activity; prepare monthly bank reconciliations
Assist with onboarding new investors and responding to investor inquiries, audit confirmations, and escalating items to managers as needed
Prepare investment roll forwards and carried interest calculations for various entities
Prepare year-end audit and tax packages and assist with year-end audit and tax requests
Bachelor’s degree in Accounting
Active licensed CPA, or strong desire to pursue CPA licensure
Recent graduate or 1-3 years of relevant experience
Experience with a public accounting firm, or venture capital and/or private equity firm a plus
Sound working knowledge and understanding of US GAAP
Experience with or a strong desire to quickly come up to speed on investment company accounting principles (ASC 946) and fair value measurement standards (ASC 820)
Excellent analytical skills and ability to read and interpret venture financing documents and recording relevant accounting and valuation transactions
Comfortable working with, organizing, and analyzing large data sets
Strong Microsoft Excel skills required; experience with partnership accounting systems, Salesforce, G Suite applications a plus
Strong organizational skills with exceptional attention to detail and the ability to see and understand the bigger picture
Excellent written and oral communication skills
Ability to multitask, problem-solve, and take complete ownership of work in a fast-paced, high-volume environment
Eager individual willing to roll up their sleeves and learn new concepts with support and guidance from team members
Compensation range: $60,000 - $70,000 + 10% bonus