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Our client, a family office and philanthropic organization, is seeking a Senior Fund Accountant. The firm has about 300 people and their philanthropic programs focus on issues including immigration, the environment, gun violence, and race and equity. They also have a fund that operates like a VC, and this position supports the accounting for the fund.
LOCATION: Headquarters are in Palo Alto and they also have an office in San Francisco. This is a hybrid role 3 days in the office, with one of the days in Palo Alto. The other days could be either SF or Palo Alto.
JOB DESCRIPTION: The Senior Fund Accountant is a key member of the finance team, demonstrating a diverse set of responsibilities such as accounting for our investment portfolio activity and financial reporting. This position will work directly with the Finance team and report to the Assistant Controller.
Role and Responsibilities
- Record and book journal entries for all fund transactions in Netsuite for review by accounting manager
- Prepare cash reconciliations on a weekly/monthly basis for review by accounting manager
- Assist with carried interest waterfall calculation for distribution across multiple fund entities
- Aid in backend investment funding process - assist with preparation of wire tables with relevant investment details and initiate approval flow for wire processing in connection with direct and fund of fund transactions
- Assist with transfer of public equities from various stock transfer agents
- Assist with preparation of quarterly closing package including, but not limited to, Balance sheet, Income Statement, Statement of Cash Flows, Schedule of Investments, IRR and MOIC analysis
- Assist and contribute to the preparation of investment portfolio reporting including valuations in accordance with ASC 820
- Assist with recordkeeping of investment legal documents and capitalization tables and reconciling between reporting systems (Carta/Aumni/Addepar)
- Identify opportunities for process improvements/outsourcing and drive implementation of the solutions
- Help ensure financial controls are adhered to while continually working with the organization's finance team to ensure the platform and processes are working optimally to support the organizations investment activity
- Support the investment team as required on ad hoc tasks
- Assist with monitoring cash flows and provide recommendations on funding requests
- Assist with portfolio company data gathering, as needed
Qualifications, Skills, and Requirements
- BA/BS degree in accounting, finance, business, or related area of study
- 5+ years of relevant experience (can include venture capital, or private equity experience in public accounting and/or private industry)
- CPA or strong working knowledge of US GAAP
- Exposure to various asset management organizations such as Venture Capital, Private Credit and Private Equity accounting
- Ability to prepare reporting packages
- Strong Excel skills
- Knowledge of Addepar/Aumni/Netsuite/iLevel/Salesforce is a plus
- Knowledge of ASC 820 valuations is a plus
- Exceptional interpersonal skills, proactive, able to prioritize, meet deadlines, and effectively deal with ambiguity
- The candidate must demonstrate a strong work ethic, the ability to work independently and proactively to identify and resolve issues, and be trusted with maintaining the confidentiality of sensitive information
- Detail oriented, highly motivated and an analytical thinker who also understands the bigger picture
COMPENSATION:
Determining compensation for this role (and others) at Vaco depends upon a wide array of factors including but not limited to the individual's skill sets, experience and training, licensure and certifications, office location and other geographic considerations, as well as other business and organizational needs. With that said, as required by local law, Vaco believes that the following salary range reasonably estimates the base compensation for an individual hired into this position in geographies that require salary range disclosure: $110K- $130K.
Vaco values a diverse workplace and strongly encourages women, people of color, LGBTQ+ individuals, people with disabilities, members of ethnic minorities, foreign-born residents, and veterans to apply.
Vaco is an Equal Opportunity Employer and does not discriminate against any employee or applicant for employment because of race (including but not limited to traits historically associated with race such as hair texture and hair style), color, sex (includes pregnancy or related conditions), religion or creed, national origin, citizenship, age, disability, status as a veteran, union membership, ethnicity, gender, gender identity, gender expression, sexual orientation, marital status, political affiliation, or any other protected characteristics as required by federal, state or local law.
Vaco LLC and its parents, affiliates, and subsidiaries are committed to the full inclusion of all qualified individuals. As part of this commitment, Vaco LLC and its parents, affiliates, and subsidiaries will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact .
Vaco also wants all applicants to know their rights that workplace discrimination is illegal.
By submitting to this position, you agree that you will be giving Vaco the exclusive right to present your as a candidate for the foregoing employment opportunity. You further agree that you have represented information about yourself accurately and have not affirmatively misrepresented your qualifications. You also agree to maintain as confidential, to the fullest extent permitted by law, any information you learn from Vaco about the position and you will limit disclosure of information about the position only to the extent necessary to perform any obligations in furtherance of your application. In exchange, Vaco agrees to exercise reasonable efforts to represent you through all solicitation, job screening and resume dispersal.
Vaco LLC and its parents, affiliates, and subsidiaries ("we," "our," or "Vaco") respects your privacy and are committed to providing transparent notice of our policies.
- California residents may access Vaco's HR Notice at Collection for California Applicants and Employees .
- Virginia residents may access our state specific policies .
- Residents of all other states may access our policies .
- Canadian residents may access our policies in English and in French .
- Residents of countries governed by GDPR may access our policies .
Determining compensation for this role (and others) at Vaco depends upon a wide array of factors including but not limited to:
- the individual's skill sets, experience and training;
- licensure and certification requirements;
- office location and other geographic considerations;
- other business and organizational needs.
With that said, as required by local law, Vaco believes that the following salary range referenced above reasonably estimates the base compensation for an individual hired into this position in geographies that require salary range disclosure. The individual may also be eligible for discretionary bonuses.