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Fund Accounting Manager

San Francisco, CA 94104

Posted: 05/02/2023 Employment Type: Direct Hire Job Number: 371272

Job Description

Fund Accounting Manager             
Our client is a leading healthcare venture capital firm committed to helping exceptional entrepreneurs build the next generation of great companies. The firm’s emphasis is on biotechnology companies that are discovering and developing novel therapeutics. 

LOCATION:  San Francisco, CA. Hybrid, in-office 3 days per week.

POSITION SUMMARY: The position of Fund Accounting Manager will report directly to the Fund Controller, work closely with the Fund Accountant and Senior Fund Accountant, and has responsibility for overseeing of the preparation and maintenance of the accounting books and records for multiple investment partnerships and their corresponding general partner entities. The Fund Accounting Manager is responsible for the daily aspects of fund accounting and completes duties such as: reconciling accounts, writing reports to management, collaborating with marketing and investment management teams, assisting in audits, reviewing tax returns, helping to analyze tax implications of transactions, and delivering fund accounting output to management.

Key Responsibilities (including but not limited to):
  • Maintain and prepare investment partnership accounting records for creating quarterly GAAP financial statements and Limited Partner reporting packages as well as General Partner financial statements and reporting
  • Review the work of the Senior Fund Accountant and Fund Accountant before it goes to the Fund Controller
  • Assist with fund launches, fund closures, and other portfolio company transactions from an operational perspective
  • Ensure that the Fund Accounting Department is provided with the necessary resources to meet the Firm’s goals and expectations
  • Oversee processing, accounting, and customized reporting as needed
  • Ensure that LP needs are addressed and resolved in a complete and timely manner
  • Contribute to strategy with analysis, input, and insight
  • Thought leadership expertise and provide excellent internal communication
  • Oversee the Funds’ annual audits and tax filings with external providers
  • Manage partnership capital calls and distributions
  • Provide coaching and development to Senior Fund Accountant and Fund Accountant
  • Have an understanding of tax issues related to funds and be able to perform high level analysis of tax implications of transactions
  • Support projects requiring accounting records and reports
  • Perform certain administrative tasks supporting the finance team
  • Other responsibilities as assigned.

Education, Experience, Skills
• Bachelor’s degree with concentration in accounting, economics, finance
• Minimum 5 years of experience in public accounting or industry accounting position (preferably in the VC/PE industry)
• Excellent computer skills including proficiency in MS Office applications with a heavy focus on Excel.  Investran knowledge a plus, but not required
• Desired skills such as partnership accounting, US GAAP and IFRS

• Experience managing and guiding direct employees
• Possess a strong work ethic, initiative, and attention to detail
• Exhibit effective analytical and problem-solving skills
• Ability to multi-task and prioritize
• Strong communication and interpersonal skills
• Capable of working independently and effectively in a remote setting
• Fast learner

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:$145,000-$165,000. The individual may also be eligible for discretionary bonuses. 
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