Fund Accountant / Senior Fund Accountant

Samsara BioCapital was founded after years of working in the biotech investment industry. Our goal is to help entrepreneurs turn their own ideas and visions into successful companies with fundraising, strategic, and operating guidance. As a results-driven organization, we are constantly looking for ambitious and visionary partners with the drive and flexibility to take their company to the next level.

We employ a long term, patient, company-build perspective with our portfolio, and we collaborate with management to do what is best over the long run for the company, and for patients. We provide capital through a company’s full risk cycle and over many years, whether the company is private or public. We actively reject the philosophy of exiting as quickly as possible. We believe this approach is consistent with the life cycle of our deals, provides optimal collaboration with our teams, and the opportunity for better financial returns and the incredible gratification of seeing innovative therapies reach patients.

Samsara’s foundation is a culture of openness, transparency, and honesty, both internally within our team, and externally with our Limited Partners and our portfolio companies. We believe in an all-for-one, one-for-all philosophy in which everyone contributes to and is passionate about the work, and everyone has a sense of ownership in the entire portfolio.

We are a public/private fund with approximately $2 Billion AUM backed by leading LPs, endowments, and institutions. We are a mission-driven firm that holds investments for the long term.

Samsara is seeking a Fund Accountant / Sr. Fund Accountant. This individual will be a critical member of the Finance team and will work closely to support the finance and accounting functions at Samsara. We are opening this position due to firm growth and anticipate opportunities for this person to build upon and grow their career.

RESPONSIBILITIES

• Prepare daily portfolio performance and risk management reports
• Perform daily cash management, trade allocations and reconciliations
• Review the administrator’s monthly NAV reports, including investor returns, high water mark and incentive fee calculations, expense allocations and account statements
• Assist with the timely issuance of the annual audited financial statements, investor tax returns, capital calls and distributions
• Serve as point of contact with the prime brokers, auditor, administrator and other service providers
• Maintain the policies, processes and systems required to operate an effective control environment and to comply with all applicable laws, rules and regulations (the firm is registered with the SEC)
• Participate in ad-hoc special projects, including LPAC presentations, marketing documents, regulatory and compliance initiatives

QUALIFICATIONS

• Bachelor’s degree or higher in accounting or finance
• Ideally 3-5 years accounting experience including investment management accounting, fund administration and/or public accounting firm
• CPA or CPA Candidate
• Current knowledge of U.S. GAAP as it relates to investment companies
• Familiarity with U.S. partnership tax returns is a plus but not required
• In-depth understanding of public markets and complex investment products, performance fee calculations, fund structures, side pockets and distributions etc.
• Excellent written and oral communication skills
• Strong mathematical and analytical abilities
• Superior attention to detail and organization
• Demonstrate enthusiasm and work as a team player
• Highest levels of integrity, ethics and confidentiality
• Ability to meet strict deadlines
• Must have strong Excel skills and the ability to manipulate large data sets

ADDITIONAL DETAILS

This is a hybrid role with an expectation of 1-2 days onsite per week at our office in Palo Alto, CA.

The salary range for this position is $100,000 USD to $160,000 USD annually. This salary range is an estimate, and the actual salary may vary based on experience and/or the Company’s compensation practices.

In compliance with federal law, all persons hired will be required to verify identity and eligibility to work in the United States and to complete the required employment eligibility verification form upon hire.