14 days old

Fund Controller

Techstars
Boulder, CO 80302
  • Job Code
    5004250002
Techstars is looking for an ambitious and flexible accounting professional to lead all aspects of fund accounting, reporting, and operations, and manage a high performing team. This is a great opportunity for someone to join a fast-growing global organization, make an immediate impact, and if successful have advancement opportunities as we grow. The Fund Controller will be responsible for various tasks and activities supporting Techstars' venture capital funds and 40+ accelerator programs around the world. This person must thrive under tight reporting deadlines, while continually considering ways to automate and process improve.

Responsibilities:

  • Oversee timely completion of accurate LP reporting across all funds in accordance with fund agreements
  • Complete ownership of general ledgers, quarterly financial statements, investor allocations, capital account statements, and portfolio summary reports
  • Establish, maintain, document, and monitor an appropriate system of internal controls over cash, investments, financial reporting, and compliance with fund agreements and securities laws
  • Manage overall audit relationship, handle escalation points and manage responses on technical questions/issues
  • Review tax allocations, adjustments, and packages in support of Senior Tax Manager and external tax teams
  • Review proposed investments, ensuring all legal documentation is complete prior to wire initiation
  • Facilitate wire review and approval for investments, distributions, and fund expenses
  • Manage all fund cashflow, ensuring sufficient capital on hand to fund investments across various vehicles through line of credit management and owning capital call projections
  • Review of all distribution calculations and investor notices, and take ultimate ownership over timely distributions in accordance with internal policies
  • Review and or prepare quarterly subjective valuation models in accordance with ASC 820 and industry standards; ensure conclusions are clearly documented and supportable
  • Review complex valuation of special purpose vehicles and allocations across multi-tiered fund structures
  • Manage and coach team of 3 direct reports, encouraging professional development and learning opportunities, and fostering a collaborative and transparent culture
  • Assist legal, tax, and investment teams resolve complex problems and issues related to various transactions and structuring decisions.
  • Understand and analyze fund limited partnership / operating agreements and operationalize new funds
  • Review management fee and carried interest calculations and ensure compliance with LPA provisions and contractual agreements
  • Prepare and/or review technical accounting memos and assist with developing new accounting and valuation policies
  • Review preparation of various US and international regulatory filings, and assist with monitoring VC exemption compliance
  • Support team with investor and corporate partner inquiries; lead sensitive or complex conversations with various stakeholders
  • Assist with due diligence requests and preparation of materials for new funds
  • Provide comments and input on drafts of new partnership agreements and proposed side letters
  • Build strong working relationships with external vendors - auditors, tax, legal, valuation, international fund service providers
  • Ability to scale systems and processes in a fast-growing organization
  • Manage elements of a system implementation to ensure the integrity of data and reporting
  • Sound understanding of applicable securities laws and regulations, and venture fund management concepts

Requirements:
  • Bachelor's degree in Accounting
  • Active licensed Certified Public Accountant
  • Minimum of 8-10 years experience, with significant experience at both at a top tier accounting firm serving venture capital & private equity fund clients, as well as experience with a venture capital and/or private equity firm
  • Significant experience managing a team
  • Familiarity with relevant securities laws (1940/1934 Acts; AIFMD)
  • Sound understanding of key venture capital fund characteristics and fund management concepts
  • Expert knowledge and understanding of US GAAP, investment company accounting (ASC 946), and fair value measurements (ASC 820)
  • Expert understanding of valuation methodologies specific to venture capital and application to complex capital structures
  • Sound knowledge of key tax issues and principles relevant to US venture capital partnerships
    Significant experience with complex fund legal structures and international funds strongly desired
  • Expert Microsoft Excel skills required
  • Strong organizational skills with exceptional attention to detail and the ability to see and understand the bigger picture
  • Excellent written and oral communication skills
  • Ability to multi-task, problem-solve, and take complete ownership of work in a fast-paced, high-volume environment
  • Strong work ethic and initiative with a very positive attitude
  • Good sense of humor, ability to adapt to change, no job too small attitude
  • Ability to successfully collaborate cross-functionally
  • Experience with partnership accounting systems, Salesforce, G Suite applications preferred

Compensation range: $120,000 - $140,000 + 10%

US Benefits

About Techstars

The Techstars worldwide network helps entrepreneurs succeed. Founded in 2006, Techstars began with three simple ideas-entrepreneurs create a better future for everyone, collaboration drives innovation, and great ideas can come from anywhere. Now we are on a mission to enable every person on the planet to contribute to, and benefit from, the success of entrepreneurs. In addition to operating accelerator programs and venture capital funds, we do this by connecting startups, investors, corporations, and cities to help build thriving startup communities. Techstars has invested in more than 2,200 companies that today have a combined market cap valuation of $29 Billion. www.techstars.com

Techstars is an affirmative action, equal opportunity employer and does not discriminate on the basis of race, sex, age, national origin, religion, physical or mental handicaps or disabilities, marital status, Veteran status, sexual orientation, gender identity nor any other basis prohibited by law.





Posted: 2021-01-06 Expires: 2021-02-04
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Fund Controller

Techstars
Boulder, CO 80302

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