Vice President of Accounting - VC Fund Administration
About The Position
Join Fidelity Private Shares and become a key part of the team that is tackling the real-world complexity of back-office operations for venture capital fund administration. We are building a platform to deliver seamless, accurate, and expert fund administration services that empower our VC clients to focus on what they do best: investing. The Role Fidelity is seeking a Vice President of Accounting to help define a new product offering and serve VC clients in their fund accounting and administration. The ideal candidate will have a start-up mentality with an interest in building a digital-forward solution for fund administration, an expertise in VC Fund Accounting with excellent client engagement. You’ll be responsible for a range of fund administration activities, including: Complete accounting activities for funds of venture capital clients. This is inclusive of close-ended Funds, Special Purpose Vehicles, General Partner Entities, Blocker Entities, Parallel Entities, and other investment vehicles. Lead and manage client engagements, acting as the primary point of contact for clients, and ensuring high-quality service delivery. Consult on the innovation of building a new, digital-forward solution for fund administration, showcasing a start-up mentality and experience in working closely with product development.
Requirements
- 8-12+ years of fund accounting experience in venture capital.
- Experience working at a fund administrator is required
- Deep venture capital industry experience and a strong background in partnership accounting.
- Experience with Limited Partnership Agreements and LLC Operating Agreements including interpretations of key LPA provisions and applications in practice.
- Experience and understanding of traditional close-ended Funds, Special Purpose Vehicles, General Partner Entities, Blocker Entities, Parallel Entities, and other investment vehicles.
- A deep understanding of US GAAP and the calculations and related journal entries associated with key fund transactions including management fees, syndication costs, organization costs, fund expenses, investment transactions, and capital activity.
- Proficiency and experience building financial statements and familiarity with common annual financial statement footnotes
- An understanding of tax as to the annual K-1 reporting process and common deadlines.
- Possess strong client and relationship management skills to drive outcomes and meet customer needs
- Operational mindset with a strong focus on building repeatable, scalable processes
- Excellent written and verbal communications skills
- Skilled at building relationships at all levels of the organization
- Comfort with ambiguity; self-starter and entrepreneurial; inclusive attitude
Nice To Haves
- Experience working in Allvue is a plus.
Responsibilities
- Complete accounting activities for funds of venture capital clients. This is inclusive of close-ended Funds, Special Purpose Vehicles, General Partner Entities, Blocker Entities, Parallel Entities, and other investment vehicles.
- Lead and manage client engagements, acting as the primary point of contact for clients, and ensuring high-quality service delivery.
- Consult on the innovation of building a new, digital-forward solution for fund administration, showcasing a start-up mentality and experience in working closely with product development.
Benefits
- comprehensive health care coverage and emotional well-being support
- market-leading retirement
- generous paid time off and parental leave
- charitable giving employee match program
- educational assistance including student loan repayment, tuition reimbursement, and learning resources to develop your career
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Executive
Education Level
No Education Listed
Number of Employees
5,001-10,000 employees
