Fund Accounting Senior Associate (Institutional)

Belltower Fund Group; United States; Remote; USD 90,000 - 130,000; Full time

Benefits offered by this job

Remote-first

Benefits

Job summary

Belltower Fund Group is seeking a Fund Accounting Senior Associate to support accounting, valuation, and reporting for funds on the AngelList platform. You will review post-close actions for valuation updates and assist with investor inquiries.

You will collaborate with fund leads and cross-functional teams to ensure timely financial reporting, NAV calculations, and fee allocations, while exploring automation opportunities.

Qualifications

• 3+ years of demonstrated operational excellence in financial sector, including Fund Administration or Public Accounting.
• CPA license strongly preferred and academic track record
• Experience preparing financial statements per US GAAP and supporting audits.

Responsibilities

• Manage day-to-day accounting and administration for a portfolio of private funds (venture capital, private equity, etc.).
• Prepare and review quarterly and annual financial statements per US GAAP.
• Calculate and review NAVs, capital accounts, management fees, carried interest, investor allocations.
• Process capital calls, distributions, investor transfers, and other fund transactions with accuracy.
• Reconcile cash, investments, bank accounts, and balance sheet items; investigate discrepancies.
• Coordinate with auditors, tax specialists, and fund managers for audits and compliance.
• Build relationships with clients, respond to inquiries, and communicate accounting matters clearly.
• Identify process improvements and explore AI/automation opportunities.

Skills

Fund accounting

Financial analysis

Advanced Excel

Client relations

Multitasking

Clear communication

Mentoring offshore teams

Process improvement

AI/automation mindset

Education

CPA license

Public Accounting experience

Accounting degree

Tools

Fund accounting platforms

Microsoft Excel

Job description

About Belltower Fund Group:

Belltower is empowering world-changing fund investments.

Belltower was formed in 2019 as AngelList's native fund administrator and completed its journey to become an independent company at the end of 2023. 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 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.

You will work with other fund accounting team members and other cross-functional operations teams. You will review post-close actions in order to process valuation and accounting updates, review management and administrative fee calculations, perform ad-hoc and scheduled financial reporting, and interface directly with both fund leads and fund investors with regard to any of the above.

You will:

• Manage the day-to-day accounting and administration for a portfolio of private investment funds, including venture capital, private equity, or other fund strategies.
• Prepare and review quarterly and annual financial statements in accordance with U.S. GAAP and other applicable accounting standards.
• Calculate and review net asset values (NAVs), capital account statements, management fees, carried interest allocations, and investor allocations.
• Process and oversee capital calls, distributions, investor transfers, and other fund transactions, ensuring accuracy and timely execution.
• Reconcile cash, investments, bank accounts, and other balance sheet accounts while investigating and resolving discrepancies.
• Coordinate with auditors, tax specialists and fund managers to support annual audits, tax reporting, and regulatory compliance requirements.
• Build and maintain strong relationships with clients by responding to inquiries, delivering exceptional service, and communicating complex accounting matters clearly and professionally.
• Look at existing processes and ask whether AI and automation could do them better

You have:

• 3+ years of demonstrated operational excellence in the financial sector, including experience in Fund Administration and Public Accounting, supported by a superb academic track record and a CPA license (strongly preferred)
• Strong understanding of investment company accounting (ASC 946), capital activity, management fees, carried interest, and investor allocations.
• Experience preparing financial statements in accordance with U.S. GAAP and supporting annual audits.
• Proficiency with fund accounting platforms and Microsoft Excel, including advanced spreadsheet functions for data analysis and reconciliations.
• Exceptional analytical and problem-solving skills with a high degree of accuracy and attention to detail.
• Proven ability to manage multiple client relationships, prioritize competing deadlines, and consistently deliver high-quality work in a fast-paced environment.
• Excellent verbal and written communication skills, with the ability to build trusted relationships with clients, auditors, and internal stakeholders.
• Experience reviewing the work of and mentoring offshore team members while contributing to a collaborative, high-performing team environment.
• A proactive, continuous improvement mindset with the ability to identify process enhancements, embrace new technologies, and adapt to changing client and business needs.
• An instinct to question existing processes and use AI and automation to build better ones

If you don’t tick every box above, we’d still encourage you to apply. We’re building a diverse team whose skills balance and complement one another.

Belltower Funds is a remote-first company. This position is fully remote for anyone in the United States or Canada.

Benefits: We support our employees in their lives both inside and outside of work.

• See additional details on our benefits here

Belltower Funds 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.