Fund Accounting Manager
Job Location:
Los Altos, CA - USA
Yearly Salary:
Posted:
Application Deadline:
Vacancies:
Job Summary
Founded in 2017 Toyota Ventures is a San Francisco Bay Area-based venture capital firm with approximately $800M AUM that invests in early-stage startups around the world in frontier and climate technologies. We are on a mission to discover whats next for Toyota by helping startups bring groundbreaking technologies and business models to market quickly. Weve invested in over 100 companies to date including Artificial Agency Apex Space Bipi (acquired) Blackmore (acquired) AM Batteries CO280 Efficient Computer Joby Aviation (NYSE: Joby) May Mobility Walden Robotics and Stoke Space.
Our firm is growing and we are looking for an experienced fund accounting manager to join us on this journey. The role will report to the controller and will be responsible for ensuring accurate financing reporting compliance with accounting stands and the smooth operation of fund accounting processes.
This is a critical execution-focused role and hands-on role for a practitioner who prefers to be deeply involved in the operational and financial accounting aspects of the fund management. It requires strong technical accounting skills an understanding of VC fund structures and the ability to work closely with senior leadership investors and portfolio companies.
The ideal candidate has a strong understanding of GAAP accounting and a passion for working in a dynamic and fast-paced environment. We are a growing team that embraces a culture of acting with integrity clear communication and bold thinking. If you are looking for a challenging but fun opportunity come join us. The firm is based in the SF Bay Area but remote work is possible.
Fund Operations and Cash Management: 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).
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: Bachelors 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
Required Experience:
Manager
About Company
The pay range for this position at commencement of employment is expected to be between $150,000 and $170,000/year for California-based roles. Base pay offered will depend on multiple individualized factors, including, but not limited to, a candidate's experience, skills, job-related ... View more
