Connecticut Innovations I Assistant Controller

Connecticut Innovations•New Haven, CT

44d

About The Position

At CI, finance is front and center to what we do. It informs every investment we make and every dollar of capital we receive. It allows us to report on and evaluate our performance over time. And it turns insights into action by helping our team make informed decisions. As CI continues its high pace of growth, we understand that we need to scale this competency. That is why we are looking to onboard an ambitious Assistant Controller. This is a unique opportunity to join a lean, highly collaborative organization where you'll have broad exposure across multiple funds while working alongside an experienced leadership team. In this role, you'll get to put your fingerprint on all facets of finance – from capital allocation and planning, to reporting and analysis, due diligence and investment management, accounting, and capital markets. You will manage the financial activities of the portfolio entities for CI, including the analysis of investment performance against their commitments and be responsible for CI's financial policies and procedures, accounting practices, maintenance of its fiscal records and support the preparation of financial reports, and budgets and forecasts. You will also participate in a variety of special projects and consultation with other departments. This role has upside to Controller within 3 years. In the first 180 days, we would like you to: Gain an understanding of CI and the Connecticut Bioscience Innovation Fund (the $204 million fund CI manages) Gain an understanding of our internal controls and enabling legislation Understand the role of CI's Finance and Audit Committees Review and understand our previous audited financial statements Take ownership of CI's general accounting and financial reporting activities

Requirements

5-10 years of experience in accounting, FP&A, or transaction advisory work supporting the investment management industry (venture capital, investment banking, banking, private equity, or hedge fund)
Bachelor's Degree, or equivalent degree in Business, Finance, Accounting, or related field
Mastery of Microsoft Excel and some modeling skills
High emotional quotient (EQ) and communication skills, with the ability to collaborate across all levels of an organization
Superior storytelling, financial acumen, and data visualization skills

Nice To Haves

CPA or CFA a plus, but not required
MBA a plus, but not required
You are for an inquisitive, self-motivated person who is excited about a high-growth environment
You balance a highly positive, collaborative attitude with a willingness to roll-up-your sleeves, allowing you to seamlessly function as a strong technical contributor, organized project leader, and compassionate manager
You are upbeat and handle stress with a sense of humor, while you are also able to bear down and grind it out when a tight deadline or massive amounts of work come in the door.
You have an ownership mentality and are interested in solving complex problems (not only reporting results)
You have the highest level of integrity and ethical standards

Responsibilities

Own investment accounting across our venture portfolio and accounting in security investments
Timely creation and dissemination of financial management reports including, but not limited to, internal and external financial statements, reconciliations of accounts and performance reports
Prepare bank reconciliations and journal entries
Prepare balance sheet reconciliations
Review accounts and reconcile monthly, ensuring balances and activity are properly supported
Assist with valuation processes and support audit and tax deliverables
Assist on property tax assessments and valuations, insurance risk and claims, property additions, and dispositions
Review capital activity, allocations, and waterfall calculations
Establish and maintain systems and controls which verify the integrity of all systems, processes and data and coordinate external review of these systems and controls including performance of internal audit functions of CI's financial records
Partner cross-functionally with investment and operations teams on ad hoc projects and process improvements
Support financial planning and budget management functions for operating companies including monitoring and analyzing results against budget and preparation of financial outlooks and financial forecasts.
Help prepare CI's monthly board and lender reporting packages
Participate in CI's annual budgeting process
Perform analysis on CI's capital needs to fuel our investments, cash management, and equity recapitalization events