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Fund or Senior Fund Accountant

San Francisco, CA 94108

Posted: 03/06/2023 Employment Type: Direct Hire Job Number: 364818

Job Description

Fund Accountant or Senior Fund Accountant
Our client invests in growth-stage companies by providing structured liquidity solutions to founders, employees and early investors seeking to obtain some liquidity. One predominant structure we use is likened to secured convertible debt. We combine a non-personal recourse loan secured by the counterparty’s stock, together with an option granted by the counterparty (not by the company) entitling us to purchase a portion of the collateral shares. Generally, when the company has a liquidity event we exercise the option effectively converting the debt to equity and releasing the excess collateral shares from our lien.

Our loan/option structure provides a superior alternative to a more conventional outright secondary stock sale with several distinct advantages, both for the borrower and the company. These include substantial potential tax benefits, retention of voting rights for the borrower and preserving the company’s 409A valuation. Additionally, since we do not appear on the company’s cap table when we make the loan, the borrower is not signaling a sale. Because we are company-friendly, we are embraced by companies and provide our solution with their consent. 

LOCATION: San Francisco, CA. The team will be coming in 2 days/week.

Position Description
The company is looking for a Fund Accountant or Senior Accountant to join its growing finance team. The Senior Accountant will work from our San Francisco or Las Vegas location and assist the CFO, Controller, Accounting Manager who are based in San Francisco. This position will also work closely with the Senior Accountant who is based in Las Vegas.

Position Responsibilities
  • Verify the accuracy of invoices and facilitate the accounts payable/receivable process
  • Liaise with service providers (fund administrator, audit and tax teams, etc.)
  • Assist with the quarterly and annual financial statement audits, tax returns and regulatory/compliance filings
  • Update and maintain accounting journals, ledgers and other transactions for funds as well as management company
  • Process and review transactions related to the Funds’ investments and expenses
  • Monitor banking activity and process/review transactions as needed including wire transfers and line of credit requests
  • Assist with the review of credit card transactions and reconciling items
  • Assist with the preparation of company budgets
  • Maintain organized and thorough accounting documentation
  • Perform other related tasks or projects as assigned
Experience Requirements
  • Bachelor’s degree in Business or Accounting
  • 2-5+ years of professional experience
  • Highly organized and strong attention to detail
  • Superb verbal and written communication skills a must
  • Experience with QuickBooks not necessary but a plus
  • Ability to self-manage and work with teams located out-of-state
  • Strong problem solver with a willingness to learn and take on challenges and prioritize
  • Strong and demonstrated interest in Accounting and Finance
  • Ability to travel as needed
  • CPA is not required
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: $90,000-$130,000. The individual may also be eligible for discretionary bonuses. 

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