Fund Accounting Senior Associate (Institutional)

Overview

This role supports accounting, valuation, and reporting functions for private investment funds operating on the AngelList platform. The position includes work that is not yet automated, exception resolution, investor inquiry support, and research into new technical issues.

You will collaborate with fund accounting team members and cross-functional operations teams. Key activities include reviewing post-close actions to process valuation and accounting updates, reviewing management and administrative fee calculations, performing ad-hoc and scheduled financial reporting, and communicating with both fund leads and fund investors regarding accounting and valuation matters.

Responsibilities

• Manage day-to-day accounting and administration for a portfolio of private investment funds, including venture capital, private equity, or other fund strategies.
• Prepare and review quarterly and annual financial statements in accordance with U.S. GAAP and other applicable accounting standards.
• Calculate and review net asset values (NAVs), capital account statements, management fees, carried interest allocations, and investor allocations.
• Process and oversee capital calls, distributions, investor transfers, and other fund transactions, ensuring accuracy and timely execution.
• Reconcile cash, investments, bank accounts, and other balance sheet accounts while investigating and resolving discrepancies.
• Coordinate with auditors, tax specialists, and fund managers to support annual audits, tax reporting, and regulatory compliance requirements.
• Respond to client and investor inquiries, communicate complex accounting matters clearly and professionally, and maintain strong client relationships.
• Review existing processes and evaluate opportunities for AI and automation to improve efficiency.

Requirements

• 3+ years of demonstrated operational excellence in the financial sector, including experience in Fund Administration and Public Accounting.
• Superb academic track record.
• CPA license (strongly preferred).
• Strong understanding of investment company accounting (ASC 946), capital activity, management fees, carried interest, and investor allocations.
• Experience preparing financial statements in accordance with U.S. GAAP and supporting annual audits.
• Proficiency with fund accounting platforms and Microsoft Excel, including advanced spreadsheet functions for data analysis and reconciliations.
• Exceptional analytical and problem-solving skills with a high degree of accuracy and attention to detail.
• Proven ability to manage multiple client relationships, prioritize competing deadlines, and deliver high-quality work in a fast-paced environment.
• Excellent verbal and written communication skills, with the ability to build trusted relationships with clients, auditors, and internal stakeholders.
• Experience reviewing the work of and mentoring offshore team members.
• A proactive, continuous improvement mindset, including the ability to identify process enhancements, embrace new technologies, and adapt to changing client and business needs.
• Ability to question existing processes and use AI and automation to build better ones.

Preferred Qualifications

• CPA license (strongly preferred).

Compensation & Benefits

• Benefits are available via the company’s benefits details document.

Location

• Remote-first role: fully remote for anyone in the United States or Canada.