Fund accounting manager fund

Fund Accounting Manager - Cambridge MA - Venture Capital

Our team is working with a leading venture capital fund located in Cambridge looking to hire a Fund Accounting Manager to their growing team. Reporting to the Senior Director of Finance, the Finance Manager will be responsible for overseeing the quarterly and annual financial activities for the firm’s investment funds, working closely with the fund accounting team to ensure accurate reporting and compliance. The position is responsible for reviewing general ledgers, preparing capital calls and distributions, and maintaining detailed schedules for partner advances and fund-level leverage. It also plays a key role in the valuation process for portfolio companies, supporting quarterly performance reporting and assisting with annual audits. In addition, the role helps manage fund expenses, reconciliations, and various ad hoc analyses tied to fund operations and portfolio monitoring.

This role is a full time hybrid (3 days in 2 at home) position that will offer up to $175K total compensation & strong benefits. If you are interested in this opportunity, please reach out to Vincenzo Kulturides directly at [email protected]

Responsibilities:

• Oversee fund quarterly and annual activities with the fund accounting group. Review fund general ledgers, ensuring accuracy of journal entries, quarterly and annual financial statements, management fees, partner capital account statements, etc.

• Prepare capital calls for select funds under management

• Participate in the quarterly valuation process of the fund portfolio companies including preparation of valuation memos

• Assist in quarterly fund performance reporting process

• Maintain Partner advance and leverage schedules for all funds, including acting as preparer of GP capital calls

• Prepare fund distribution models in accordance with fund limited partnership agreements

• Coordinate billing of fund expenses, ensuring capital is called and management company receivable is settled

• Assist in the annual audit confirmation process

• Assist with reviewing quarterly custody reconciliations and resolving all unreconciled differences in a timely manner

• Assist with collecting requests from the portfolio company financial reporting monitoring system

• Ad hoc projects, analyses as needed

Qualifications:

• Bachelor’s degree in accounting or finance; CPA preferred

• 5+ years of accounting or auditing experience which should include exposure to either venture capital or private equity accounting

• Knowledge of ASC 820 fair valuation framework preferred

• Strong Microsoft Excel skills

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