Accounting Associate @ Sapphire Ventures in Austin, TX

Sapphire Ventures; Austin (TX); On-site; USD 70,000 - 90,000; Full time

Job summary

VC Stack, based in Austin, Texas, is seeking a dedicated finance team member to support accounting and financial reporting activities. The role involves managing capital calls, fund accounting processes, and providing operational support across various business functions.

The ideal candidate will hold a Bachelor's degree in accounting or finance with 2–5 years experience in a similar setting. A solid understanding of portfolio fund valuations and strong communication skills are essential.

Qualifications

• 2–5 years of relevant experience in accounting, preferably in Venture Capital.
• Strong understanding of alternative investment funds accounting.
• Ability to manage multiple responsibilities and deadlines.

Responsibilities

• Responsible for maintaining the cash reconciliation for multiple investment funds.
• Manage capital calls and record transactions in the general ledger.
• Assist with year-end audit requirements and investor reporting.

Skills

Accounting

Financial reporting

Tax functions

Communication skills

Interpersonal skills

Detail-oriented

Proactive

Microsoft Excel

Education

Bachelor's degree in accounting or finance

Job description

Sapphire Ventures, LLC (“Sapphire”) is a leading global technology-focused venture capital firm with ~$11.3 billion in AUM(1)and team members across Austin, London, Menlo Park and San Francisco. For over a decade, Sapphire has partnered with software entrepreneurs looking to scale their businesses into Companies of Consequence.

The Growth team (Flagship strategy) has a dedicated team of ~25 investors focused exclusively on partnering with high-growth, post-product/market fit enterprise AI and software companies, typically at the Series B stage or later. Additionally, Sapphire’s Portfolio Growth team of experienced operators delivers a strategic blend of value-add services, tools and resources designed to support portfolio company leaders as they scale.

Since its founding, Sapphire has invested in more than 170 companies(2)globally resulting in more than 30 IPOs and 50+ acquisitions(3).

The firm enjoys an open-door, collaborative culture – and spirited intellectual debate is encouraged!

What You’ll Do:

Sapphire Ventures is seeking a high-performing, highly motivated individual to help support the Sapphire finance team. This role offers the opportunity to contribute across key areas including accounting, financial reporting, audit support and tax functions. This person will be fully dedicated to Sapphire Partners, our Fund of Fund strategy, alongside two other finance team members.

In this role, you’ll work closely with senior leaders across the firm, including the Chief Financial Officer, Vice President of Finance, General Counsel, Chief Compliance Officer, the Investor Relations team, and key relationship partners/vendors. In addition, this person will also interact with investment professionals on a routine basis.

Responsibilities Include:

• Responsible for daily fund accounting, maintenance of accounting system/reconciliations to fund admin and overseeing the relationship with our fund admin. Examples include recording transactions in the general ledger and maintaining the cash reconciliation/ forecasting process for multiple direct and indirect investment funds
• Manage portfolio funds’ capital calls, including wires and recording transactions in the general ledger
• Manage portfolio funds’ quarterly report and statements, including maintenance and analysis of accurate information of the underlying portfolio company data in Invient
• Manage the accounts payable process, including expense allocations across multiple Sapphire entities
• Calculate and review the quarterly close for multiple investment vehicles including NAVs, investor statements and financials
• Support quarterly portfolio funds valuation by collecting data from the quarterly report and statements
• Provide daily operational support by preparing capital calls, general ledger entries, account reconciliations and related documentation
• Assist with year-end audit requirements such as confirmations, walk through procedures, ad hoc auditor requests and financial statement preparation
• Provide support to other business groups (compliance, investment team, IR etc.) and vendors as needed
• Assist with routine monthly and ad-hoc investor reporting and information requests
• Assist in tracking portfolio fund financial performance

Skills & Qualifications:

• Bachelor’s degree in accounting or finance required
• 2 – 5 years of relevant experience – combined public accounting with Venture Capital/Fund of Fund clients and/ or direct hands‑on accounting experience at a Venture Capital/Fund Firm
• Strong background in accounting for alternative investment funds
• Understanding of portfolio fund and portfolio company valuations
• Proactive, detail oriented, and ability to manage multiple responsibilities simultaneously
• Strong communication, interpersonal, analysis and judgement skills
• Deliver accurate and timely work product within specified timelines
• Ability to work independently when needed but also thrive in a team environment
• Fast learner willing to embrace the hands‑on nature of the role with an eagerness to learn
• Proficient with Microsoft Windows suite (advanced Excel is a plus)

Personal Qualifications:

Culture is critical to us, and we are transparent about our vision and principles:

• Team Player– Experience with and passion for teamwork and cross‑functional collaboration
• Dedicated to Winning– Having the guts to take on a new challenge and the risk to be successful
• Intellectual Curiosity– Exhibits an entrepreneurial and creative ethos and is continually compelled to learn and explore new ideas
• Authentic Relationships– Relationships are the key to driving our collective success. Superb at nurturing authentic, diverse, and congenial long‑term relationships
• Excellence– Put your passion for business support to work!

Every day our team is honored to work with entrepreneurs and innovators from every corner of the globe, and we aim to build a team that reflects the diversity of our portfolio. We aren’t looking for someone who ticks every single box on a page; we’re looking for lifelong learners who can bring their own perspectives and unique experiences to make us better. If you think you’d be a great fit, then please get in touch and tell us about yourself.