Venture Fund Accountant - New Ventures and Strategic Alliances

Labcorp•Durham, NC

2d•Hybrid

About The Position

Labcorp is seeking a Venture Fund Accountant - New Ventures and Strategic Alliances to join our team in Durham, NC! Work Schedule: Day shift hours at our Research Triangle Park location with hybrid work model availability. Job Responsibilities: Labcorp is investing in the future of healthcare by teaming up with founders and startups across the healthcare continuum to drive more innovative care for all. Reporting to the Director, New Ventures & Strategic Alliances, the Venture Fund Accountant will work closely with Labcorp’s New Ventures & Strategic Alliances team and play a key role within the Venture Fund team. With an 12+ year history, the Labcorp Venture Fund has made over 90 direct investments and deployed over $300M in capital to date in early stage, private companies operating in areas of strategic or adjacent spaces making healthcare more accessible, data-driven, and personalized. The Venture Fund Accountant will be responsible for managing the financial records of venture capital funds for over 50 active investments, ensuring accurate reporting, compliance, and supporting investment decisions.

Requirements

Bachelor’s degree in accounting, finance, or business.
1 or more years of experience in accounting or investment funds.
1 or more years of experience with Excel.
Ability to track monthly capital allocation and portfolio fair market value; build out and update KPI dashboards tracking fund strategic return & goals.
Ability to solve problems and manage complex financial data.
Ability to perform with a high level of accuracy and attention to detail in financial reporting and record-keeping.
Ability to communicate effectively and interact with the Venture Fund Investment Committee, Labcorp Executives, portfolio company c-suites, other venture funds, and Labcorp finance, accounting and auditors.
Ability to work independently and collaboratively within a team environment.

Nice To Haves

3 or more years of experience in accounting or investment funds.
3 or more years of experience with Excel.
Certified Public Accountant (CPA) designation

Responsibilities

Maintain accurate financial records for venture capital funds, including tracking investments, expenses, and returns.
Calculate and reconcile the fair value and fair value return for all active direct and indirect investments based on valuations defined in sequential financing, updated cap tables, and quarterly capital statements.
Prepare and distribute periodic financial statements, reports, and presentations for the Investment Committee (IC), Finance, Accounting and Audit.
Assist in annual accounting and audit activities by collecting requested documentation, K-1s, etc. and liaising with internal accounting and audit teams.
Ensure compliance with accounting standards and legal requirements, maintaining the operational integrity of the fund.
Track and maintain a record of deal flow/deals sourced, track and update KPIs across the portfolio, soliciting and collecting biannual updates from portfolio companies for records and updates to the IC.
Communicate upcoming financings to Treasury, prepare closing package and wire form for direct and indirect investments.
Assist with deal pro formas, as applicable.

Benefits

Employees regularly scheduled to work 20 or more hours per week are eligible for comprehensive benefits including: Medical, Dental, Vision, Life, STD/LTD, 401(k), Paid Time Off (PTO) or Flexible Time Off (FTO), Tuition Reimbursement and Employee Stock Purchase Plan.
Employees regularly scheduled to work less than 20 hours, Casual, Intern, and Temporary employees are only eligible to participate in the 401(k) Plan.
Employees who are regularly scheduled to work a 7 on/7 off schedule are eligible to receive all the foregoing benefits except PTO or FTO.
Relocation assistance available.

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