Fund Accounting Senior Associate

Hard Yaka; New York (NY); On-site; USD 117,000 - 143,000; Full time

Benefits offered by this job

Equity package

Total Rewards package

Job summary

Belltower Funds, a division of AngelList, seeks a Fund Accounting Senior Associate to support valuation, accounting, and reporting for 27,000+ funds on the AngelList platform. You will review post-close actions, calculate management fees, and respond to investor inquiries. Collaboration with GPs and LPs is routine.

Role focuses on non-automated tasks, audits, and process improvements, with opportunities to automate as the team scales across NYC and SF hubs.

Qualifications

• 3-4+ years in fund administration or public accounting focused on VC/PE clients, with strong academic record.
• Ability to communicate effectively with portfolio companies and lead investors.
• Excellent attention to detail and process orientation.
• Willingness to work with cross-functional teams and push towards automation.
• Strong interest in the nuts and bolts of venture finance and related GAAP knowledge.

Responsibilities

• Evaluate portfolio company events and determine valuation actions.
• Prepare audited and unaudited financial statements and coordinate with auditors.
• Ensure GAAP accounting treatment for portfolio investments is correct and assess special situations.
• Collaborate with engineering on automation and process improvement.
• Be responsible for specific team functions and workflows.
• Contribute to ad hoc projects.

Skills

Communication

Attention to detail

Organizational skills

Process improvement

Venture finance concepts

Education

CPA license (preferred)

Job description

About Belltower Fund Group:

Belltower, AngelList’s funds services division, is empowering world-changing fund investments.

Belltower was formed in 2019 as AngelList’s native fund administrator. Belltower provides fund administration services to the venture space. Our coverage spans syndicates, venture funds, and first-of-their-kind rolling funds. Our full-service fund management offering streamlines the complexity of running a fund by integrating financial reporting, tax, compliance, portfolio management, and other services that managers typically have to cobble together from multiple vendors. Our services, combined with AngelList’s software, enable us to launch and scale a fund efficiently, allowing fund managers to focus on what they do best: investing.

Since 2019, Belltower has supported 27k+ funds representing over $25B in assets under administration, leveraging AngelList’s fund admin software to power the service layer for funds launched on the AngelList platform.

About the Role:

The Fund Accounting Senior Associate is a key member of the team responsible for supporting the accounting, valuation, and reporting functions for 27,000+ funds run on the AngelList platform. This position is part of our team that prepares fund accounting work that is not yet automated, resolves exceptions, addresses investor inquiries, and researches new technical issues.

This role is responsible for reviewing post-close actions in order to process valuation and accounting updates, review management and administrative fee calculations, perform ad hoc and scheduled financial reporting. There will be direct collaboration and interface with both GPs and LPs regarding any of the above.

You Will:

• Evaluate portfolio company events and data, and determine the appropriate valuation action for each investment.
• Help prepare both audited and unaudited financial statements and work with audit firms to ensure completion of annual audits.
• Ensure that accounting treatment for portfolio company investments is in accordance with Generally Accepted Accounting Principles (GAAP), and evaluate special situations.
• Work with engineering teams to continue the push toward increased automation and process improvement.
• Be directly responsible for specific team functions and workflows.
• Work on ad hoc projects.

You Have:

• 3-4+ years of demonstrated operational excellence in the financial sector, including experience in fund administration and/or public accounting focused on VC and/or PE clients, supported by a superb academic track record and a CPA license (strongly preferred).
• The ability to communicate effectively and with polished professionalism with portfolio companies and lead investors.
• Superb attention to detail: you need to be able to catch the corner case every time.
• Exceptional organizational skills and a love of process. We oversee a portfolio of investments in the thousands, which can only be managed systematically.
• Willingness to get your hands dirty: good data usually takes hard work and determination.
• Mastery of core financial concepts and a strong interest in the nuts and bolts of venture finance. Your day-to‑day work will touch on the legal, accounting, tax, and finance components that underlie the venture financing ecosystem.
• A great attitude and the ability to embrace regular change as we continually improve products and processes.

Working Here

If you don’t meet every requirement above, we still encourage you to apply. We value complementary strengths and operators who learn by doing.

We operate out of hubs in New York City and San Francisco. For most roles on those teams, we work from the office at least two days per week (Tuesdays and either Wednesday or Thursday).

Compensation: The compensation for this role consists of a competitive base salary, benefits, and equity package. The base salary for this role starts at $130,000+ annually but will vary based on a number of factors including a candidate’s professional background, experience, level, and location. Additional details about our Total Rewards package will be provided during the recruitment process.

Benefits: We support your life both in and outside of work.
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Belltower Funds, a division of AngelList, is an equal opportunity employer and we value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.