What are the responsibilities and job description for the Fund Accountant position at Equitybee?
Fund Accountant
Location: Palo Alto, CA (Hybrid in office 3 days/wk)
Hiring manager: Sr. Director of Operations
Salary: $80,000-$95,000 year
Equitybee’s core philosophy is about empowering startup employees - you build it, own it. As the Fund Accountant, you will have the opportunity to provide an immediate impact. This role is part of Equitybee’s operations department, which is first and foremost a scale enabler that requires a service mentality and mindset. With the successful launch of 10 funds and the upcoming launch of additional investment vehicles, Equitybee is seeking a full-time Fund Accountant to support the administration and accounting of its growing fund platform.
Strategic support and problems you will solve:
Manage capital calls and distributions across multiple investment vehicles/funds
Prepare and distribute investor communications, notices, and reporting deliverables
Maintain accurate books and records through daily journal entries and reconciliations
Maintain investor and partner capital account records and supporting schedules
Allocate income, expenses, gains, and losses to partner capital accounts
Deliver ad hoc reporting and analysis to provide visibility to internal and external stakeholders
Prepare annual and quarterly financial statements
Support regulatory and compliance processes, including SEC Form D and Blue Sky filings
Coordinate fund audits and audit deliverables with external auditors
Open and maintain custodial and brokerage accounts, with full exposure to KYC, AML, and beneficial ownership requirements
Requirements:
Bachelor's degree in Accounting, Finance, or a related field required
2-4 years of accounting experience with exposure to private funds preferred
Familiarity with Fund Operating Agreements and their impact on fund accounting and investor reporting
Understanding of partnership accounting concepts, including partner allocations, capital account maintenance, and distribution waterfalls
Experience preparing or supporting the preparation of financial statements, investor statements, capital calls, and distribution notices
Experience with Sage Intacct or similar ERP/accounting systems preferred
Experience supporting fund cash movements, wire processing, and treasury-related activities preferred
Knowledge of various fund legal structures is a plus
Strong Excel skills and attention to detail
Ability to manage multiple deadlines in a fast-paced environment
Ability to utilize AI-powered tools to automate routine tasks and optimize operational efficiency
Benefits:
Hybrid work environment (Palo Alto office, 3 days onsite per week)
Comprehensive medical (HMO/PPO), dental, and vision coverage
HSA & FSA account options
Unlimited PTO
Wellness and fitness initiatives
Dog-friendly office
Lunch provided x3 week in office
Equity, of course!
Salary : $80,000 - $95,000