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Assistant Controller

Austin, TX 78703

Posted: 05/11/2023 Employment Type: Direct Hire Function: Accounting/Finance Job Number: 22688 Pay Rate: Depends on Experience

Job Description


A leading global technology-focused venture capital firm is looking for a highly motivated Assistant Controller to support its finance team in accounting, financial reporting, audit, and tax functions. The ideal candidate is an accounting & tax expert with in-depth knowledge of accounting principles for alternative investment funds. Working cross-functionally, the new team member will help improve operational efficiency by streamlining processes while maintaining effective communication & organizational effectiveness.
                                                               
Salary + Additional Benefits:
  • Competitive Salary
  • Targeted Bonus & Profit Sharing
  • 100% Company Paid Medical Premiums
  • Medical Insurance
  • Dental Insurance
  • Vision Insurance
  • 401K - company match
  • Opportunities for Advancement
  • Professional development

Location: Austin, TX
Type of Position: Direct Hire

Responsibilities:
  • Responsible for daily fund accounting, maintenance of accounting system/reconciliations to fund admin, and overseeing the relationship with our fund admin. Examples include recording transactions in the general ledger and maintaining the cash reconciliation/ forecasting process for multiple direct and indirect investment funds.
  • Manage portfolio funds’ capital calls, including wires and recording transactions in the general ledger.
  • Manage portfolio funds’ quarterly report and statements, including maintenance and analysis of accurate information of the underlying portfolio company data in Invient.
  • Manage the accounts payable process, including expense allocations across multiple entities.
  • Calculate and review the quarterly close for multiple investment vehicles, including NAVs, investor statements, and financials.
  • Support quarterly portfolio funds valuation by collecting data from the quarterly report and statements.
  • Provide daily operational support by preparing capital calls, general ledger entries, account reconciliations and related documentation.
  • Assist with year-end audit requirements such as confirmations, walk through procedures, ad hoc auditor requests, and financial statement preparation.
  • Provide support to other business groups (compliance, investment team, IR etc.) and vendors as needed.
  • Assist with routine monthly and ad-hoc investor reporting and information requests.
  • Assist in tracking portfolio fund financial performance.

Requirements:
  • Bachelor’s degree in accounting or finance required
  • 5-10 years of relevant experience - combined public accounting with Venture Capital/Fund of Fund clients and/ or direct hands-on accounting experience at a Venture Capital/Fund of Fund Firm
  • Strong background in accounting for alternative investment funds
  • Understanding of portfolio fund and portfolio company valuations
  • Proactive, detail oriented, and ability to manage multiple responsibilities simultaneously
  • Strong communication, interpersonal, analysis, and judgement skills
  • Deliver accurate and timely work product within specified timelines
  • Ability to work independently when needed but also thrive in a team environment
  • Fast learner willing to embrace the hands-on nature of the role with an eagerness to learn
  • Proficient with Microsoft Windows suite (advanced Excel is a plus)
  • Experience with and passion for teamwork and cross-functional collaboration
  • Having the guts to take on a new challenge and the risk to be successful
  • Exhibits an entrepreneurial and creative ethos and is continually compelled to learn and explore new ideas
  • Relationships are the key to driving our collective success. Superb at nurturing authentic, diverse, and congenial long-term relationships
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