Fund Accountant

OCA Ventures; Chicago (IL); Hybrid; USD 70,000 - 90,000; Full time

Benefits offered by this job

Hybrid work environment

401(k) with company match

Bonuses

Job summary

OCA Ventures, based in Chicago, IL, is seeking a detail-oriented Fund Accountant to join our Finance & Operations team. The role supports day-to-day accounting for venture funds, including NAV calculations, capital calls, distributions, and investor reporting.

This full-time position offers a hybrid work arrangement in Chicago, with exposure to private fund operations and collaboration with auditors and the investment team.

Qualifications

• Bachelor's degree in Accounting or Finance is required.
• 2-3 years of accounting experience (venture capital or fund accounting preferred).
• Strong understanding of Fund Accounting and NAV calculation for investment funds.
• Experience valuing private companies across growth stages and applying valuation methodologies.
• Advanced proficiency in Microsoft Excel.
• High attention to detail and ability to meet deadlines.
• Effective communication and collaboration in a hybrid office environment.

Responsibilities

• Assist with monthly, quarterly, and annual fund accounting processes.
• Review and reconcile capital calls, distributions, and investment activity.
• Support the quarterly valuation process, including collecting portfolio company financials and updating valuation models.
• Prepare and maintain accounting schedules and supporting workpapers.
• Reconcile cash, investment balances, and general ledger accounts.
• Coordinate with third-party fund administrators to review financial statements and capital account reporting.
• Assist with quarterly and annual financial reporting for investors.
• Support audit and tax preparation processes by organizing requested documentation.
• Maintain accurate records of portfolio company investments and valuations.
• Help process accounts payable, expense allocations, and management company accounting.
• Assist with ad hoc financial analyses and special projects with the Operations Team.

Skills

Fund accounting

NAV calculation

Valuation methods

Excel proficiency

Attention to detail

Education

Bachelor's degree in Accounting or Finance

Tools

Microsoft Excel

Job description

Company

Overview

Founded in Chicago in 1998, OCA Ventures is a leading early-stage and growth venture capital firm with over $400MM in assets under management (AUM). OCA specializes in verticals such as SaaS, enterprise software, digital health, healthcare IT, infrastructure software, and marketplaces. With offices in Chicago and Palo Alto, OCA Ventures serves as a multi-strategy private capital provider for early-stage companies. OCA Ventures invests in Seed, Series A and select Series B stage companies with opportunistic platform acquisitions, growth equity and secondary illiquid investments. The firm is dedicated to supporting visionary entrepreneurs in building innovative, scalable solutions to meaningful pain points and challenges. After more than 25 years in operation, the firm continues to maintain a culture that is built on Character, Commitment and Courage. Position Summary We are seeking a motivated, detail-oriented Fund Accountant to join our Finance & Operations team. This is an excellent opportunity for someone with 2-3 years of accounting and/or finance experience who is interested in venture capital and investment management. The Fund Accountant will support the day-to-day accounting and financial reporting for our venture capital funds and management company, including maintenance of general ledgers, preparation of financial statements and calculations of net asset values (NAV). Working closely with the VP of Finance & Accounting and the Finance & Operations Manager, this full-time role offers broad exposure to private fund operations, including capital calls & distributions, investor reporting, portfolio valuations, investments, and financial controls. This is a hybrid role based in Chicago, IL, with a flexible mix of in-office and remote work.

Key Responsibilities

• Assist with monthly, quarterly, and annual fund accounting processes.
• Review and reconcile capital calls, distributions, and investment activity.
• Support the quarterly valuation process, including collecting portfolio company financials, updating valuation models, preparing supporting documentation, and coordinating with the investment team and auditors.
• Prepare and maintain accounting schedules and supporting workpapers.
• Reconcile cash, investment balances, and general ledger accounts.
• Coordinate with third-party fund administrators to review financial statements and capital account reporting.
• Assist with quarterly and annual financial reporting for investors.
• Support audit and tax preparation processes by organizing requested documentation.
• Maintain accurate records of portfolio company investments and valuations.
• Help process accounts payable, expense allocations, and management company accounting.
• Assist with ad hoc financial analyses and special projects with the Operations Team.

Qualifications

• Bachelor's degree in Accounting or Finance.
• 2-3 years of accounting experience (public accounting or fund accounting experience preferred).
• Strong understanding of Fund Accounting and NAV calculation for investment ot venture capital funds
• Strong understanding in valuing private companies across multiple stages of growth, applying appropriate valuation methodologies and exercising sound judgment in determining fair value.
• Solid foundational knowledge of finance, including understanding of investment structures and capital accounts
• Advanced proficiency in Microsoft Excel.
• High attention to detail, strong analytical abilities, and commitment to accuracy and deadlines
• Effective communication skills and ability to work collaboratively in a hybrid office environment
• Ability to manage multiple priorities in a fast-paced environment.

Preferred Qualifications

• Experience with a CPA firm, fund administrator, or investment firm.
• Progress toward CPA designation is a plus.
• Interest in venture capital, startups, and private markets.

Personal Characteristics Desired

• Flexibility to act as a leader and supporter with a strong EQ and IQ.
• Disciplined self-starter and effective problem-solver who operates independently with minimal direction.
• Voices their opinion in an assertive yet open-minded manner and supports beliefs with data and evidence.
• Desire to collaborate, win as a team and be passionate about company culture.
• Aspiration to enhance and improve processes.
• Professional demeanor, personal integrity and loyalty.

What We Offer

• Competitive salary and performance-based bonuses, plus carried interest.
• Comprehensive benefits package.
• 401(k) with company match.
• Hybrid work environment.
• Professional growth and development opportunities.
• Collaborative and entrepreneurial work environment.