What are the responsibilities and job description for the Fund Accounting Manager position at Influential Search?
Our large venture capital client with over $10B in AUM is looking to hire a Fund Accounting Manager. This role will be based in San Francisco and in the office Monday-Thursday.
ROLE:
- Serve as the primary owner of fund-level accounting execution
- Own the day-to-day accounting and close execution across assigned funds, ensuring accuracy, timeliness, and consistency of financial reporting.
- Own and manage the quarterly (and annual) close process, including review of journal entries, reconciliations, financial statements, and supporting schedules.
- Oversee quarterly valuations with the investment team by coordinating data, reviewing assumptions, and ensuring accounting and valuation policy consistency.
- Oversee and review work performed by third-party administrators, including NAVs, capital activity, investor allocations, and loan activity
- Facilitate and manage fund external audits
- Oversee cash forecasting performed by the junior team members
- Oversee leverage compliance including leverage advances and repayments, monthly servicing reporting, and quarterly compliance reporting. Escalate leverage-related issues, covenant risks, and reporting matters to the CFO and Finance Director as appropriate.
- Review liquidity forecasts to manage fund liquidity and investments pipeline and identify potential timing or funding risks.
- Support fundraising and due diligence efforts by preparing and validating financial information, responding to accounting-related diligence requests, and supporting fund onboarding from an execution standpoint.
- Champion the adoption of AI tools across the finance team to automate routine tasks, accelerate the close and reporting cycle, and improve accuracy
QUALIFICATIONS:
- 5-8 years of experience in finance or accounting, with exposure to venture capital, private equity funds or related fields; CPA and Big 4 experience strongly preferred.
- Demonstrated leadership skills, high energy, initiative, and creativity.
- Compelling interpersonal, communication and presentation skills.
- Be able to work in a fast-paced environment.
- Strong critical thinking skills.
- Great team player and willing to roll up sleeves to help others on the team.
- Exceptional organization skills, timeline management and attention to detail.
- Possess a high sense of urgency and strong desire for excellence.