Fund Accounting Senior Manager

AngelList•San Francisco, NY

5d•Hybrid

About The Position

The Fund Accounting Senior Manager is a critical member of the team responsible for overseeing accounting, valuation, and reporting functions for more than 27,000 funds on the AngelList platform. The role manages complex fund accounting work that includes both automated and manual processes. It focuses on producing financial reporting deliverables, maintaining accurate accounting updates—including investment valuations—resolving exceptions, responding to investor inquiries, and researching technical issues. The role interfaces directly with fund leads, fund investors, external auditors, and other parties. It reports to the Fund Accounting Director and collaborates with fund accounting colleagues and cross-functional operations teams. The position also oversees and coaches managers and/or senior accountants, develops and owns key processes and controls, supports client onboarding from existing administrators and service providers, coordinates fund audits, and works with engineering teams to increase automation. Accounting treatment must comply with US GAAP, particularly ASC 946 and ASC 820. Belltower is AngelList’s fund services division, formed in 2019 as its native fund administrator. It provides fund administration and full-service fund management services to venture funds, syndicates, and rolling funds. Since 2019, Belltower has supported more than 27,000 funds representing over $25 billion in assets under administration. Belltower operates out of hubs in New York City and San Francisco. For most roles on those teams, employees work from the office at least two days per week: Tuesdays and either Wednesday or Thursday. Compensation includes a competitive base salary, benefits, and equity; the base salary starts at $220,000+ annually and varies based on factors including professional background, experience, level, and location. Further details about the Total Rewards package are provided during recruitment. Belltower Funds, a division of AngelList, is an equal opportunity employer.

Requirements

At least 8 years of experience in investment company accounting.
Strong academic track record.
Experience working at a public accounting firm and/or at a fund administrator or investment advisor in a fund accounting-focused role.
Proficiency in US GAAP, particularly ASC 946 and ASC 820.
Extensive experience creating financial statements for investment companies or funds, including writing footnotes.
Track record of improving financial reporting control environments and implementing and/or managing SOC 1 report processes.
Experience preparing materials for and coordinating with external auditors.
Commitment to success, self-motivation, and proactivity.
Excellent interpersonal and communication skills, including the ability to communicate effectively with portfolio companies and lead investors.

Nice To Haves

CPA license (strongly preferred).

Responsibilities

Oversee key team processes that ensure accurate accounting for and reporting of investment companies.
Develop and own descriptions, matrices, and flow charts for key processes and controls.
Develop and own processes for onboarding new clients from existing administrators and service providers.
Interact with external auditors and ensure timely completion of fund audits.
Oversee portfolio company events and data evaluation, determining appropriate valuation actions for each investment.
Coach and oversee a team of managers and/or senior accountants.
Ensure fund accounting treatment complies with US GAAP, particularly ASC 946 and ASC 820, and evaluate special situations.
Collaborate with engineering teams to increase automation.
Manage production of fund financial reporting deliverables, accurate accounting updates including investment valuations, exceptions, investor inquiries, and research into technical issues.
Interface directly with fund leads, fund investors, external auditors, and other parties.