Fund Accounting Manager

Toyota Research Institute•Los Altos, CA

11d•$150,000 - $170,000•Remote

About The Position

Toyota Ventures is a San Francisco Bay Area-based venture capital firm with approximately $800M+ AUM that invests in early-stage startups around the world in frontier and climate technologies. We are on a mission to discover what’s next for Toyota by helping startups bring groundbreaking technologies and business models to market quickly. We’ve invested in over 100 companies to date. The firm is growing, and we are looking for an experienced fund accounting manager to join us on this journey. The role will report to the controller and will be responsible for ensuring accurate financing reporting, compliance with accounting standards, and the smooth operation of fund accounting processes. This is a critical, execution-focused and hands-on role for a practitioner who prefers to be deeply involved in the operational and financial accounting aspects of the fund management. It requires strong technical accounting skills, an understanding of VC fund structures, and the ability to work closely with senior leadership, investors, and portfolio companies. The ideal candidate has a strong understanding of GAAP accounting and a passion for working in a dynamic and fast-paced environment. We are a growing team that embraces a culture of acting with integrity, clear communication, and bold thinking. If you are looking for a challenging but fun opportunity, come join us. The firm is based in the SF Bay Area, but remote work is possible.

Requirements

7+ years of professional accounting experience, ideally with 4 years or more of direct experience in fund accounting at a VC firm, private equity manager, or alternative investment firm.
Advanced expertise in Google Workspace and Excel is required, including the ability to build, debug, and audit complex financial models.
Bachelor’s degree in finance, accounting, or a related field.
Proven track record of executing complex administrative and financial workflows with a high degree of comfort and competence in managing the granular details of fund operations.
Ability to explain complex tax, financial, and legal concepts effectively to diverse stakeholders.
High degree of integrity and discretion, with the ability to manage multiple priorities effectively within a fast-paced investment environment.
Strong individual contributor, as well as a team player.

Nice To Haves

Proficiency with industry-standard fund accounting platforms (e.g., Carta, Investran, eFront, or similar) is preferred.
A CPA is highly desirable.

Responsibilities

Execute end-to-end capital calls and distributions (including calculations, notices, and data verification).
Prepare fund-of-fund (FoF) wires, assist with portfolio investment wires, and process invoices as needed.
Reconcile bank accounts, prepare FoF monthly/quarterly closing entries, and other journal entries as needed.
Reconcile portfolio company financial data against internal/external cap tables, valuation records, and the general ledger.
Maintain complete and accurate Statement of Investments, including cost, ownership, investment activity, realized and unrealized gains and losses, and other relevant investment data.
Maintain fund accounting software and related systems to ensure the completeness, accuracy, and consistency of fund and portfolio data across internal systems.
Build, maintain, and audit complex American and European waterfall models used for fund distributions, carried interest calculations, and hurdle rates.
Manage data rooms, coordinate with external tax preparers and prepare the necessary documentation.
Review tax returns for completeness and reasonableness and respond to inquiries of the tax preparer and other stakeholders.
Prepare reporting files for the Limited Partners and parent company entities.
Prepare responses to inquiries from Limited Partners as needed, including drafting technical responses to complex questions regarding fund statements, contributions, distributions and tax documentation (K-1s).