Fund Accounting Manager

Responsibilities

• Execute end-to-end capital calls and distributions (including calculations, notices, and data verification).
  • Prepare fund-of-fund (FoF) wires, assist with portfolio investment wires, and process invoices as needed.
• Month-End close: Reconcile bank accounts, prepare FoF monthly/quarterly closing entries, and other journal entries as needed.
• Portfolio and Investment Accounting: Reconcile portfolio company financial data against internal/external cap tables, valuation records, and the general ledger.
  • Maintain complete and accurate Statement of Investments, including cost, ownership, investment activity, realized and unrealized gains and losses, and other relevant investment data.
• Systems & Data Integrity: Maintain fund accounting software and related systems to ensure the completeness, accuracy, and consistency of fund and portfolio data across internal systems.
• Financial Modeling: Build, maintain, and audit complex American and European waterfall models used for fund distributions, carried interest calculations, and hurdle rates.
• Tax: Manage data rooms, coordinate with external tax preparers and prepare the necessary documentation.
  • Review tax returns for completeness and reasonableness and respond to inquiries of the tax preparer and other stakeholders.
• Reporting: Prepare reporting files for the Limited Partners and parent company entities.
• Investor Relations: Prepare responses to inquiries from Limited Partners as needed, including drafting technical responses to complex questions regarding fund statements, contributions, distributions and tax documentation (K-1s).

Qualifications

• Experience: 7+ years of professional accounting experience, ideally with 4 years or more of direct experience in fund accounting at a VC firm, private equity manager, or alternative investment firm.
• Technical Proficiency: Advanced expertise in Google Workspace and Excel is required, including the ability to build, debug, and audit complex financial models. Proficiency with industry-standard fund accounting platforms (e.g., Carta, Investran, eFront, or similar) is preferred.
• Education: Bachelor’s degree in finance, accounting, or a related field. A CPA is highly desirable.
• Operational Precision: Proven track record of executing complex administrative and financial workflows with a high degree of comfort and competence in managing the granular details of fund operations.
• Communication Skills: Ability to explain complex tax, financial, and legal concepts effectively to diverse stakeholders.
• Professional Presence: High degree of integrity and discretion, with the ability to manage multiple priorities effectively within a fast-paced investment environment. Strong individual contributor, as well as a team player.

Pay Range

• Expected pay range at commencement of employment: $150,000 - $170,000/year for California-based roles.

Benefits

• Medical, dental, and vision insurance.
• 401(k) eligibility.
• Paid time off benefits (including vacation, sick time, and parental leave).
• An annual cash bonus structure.