Fund Accounting Senior Manager

AngelList; San Francisco (CA); Hybrid; USD 198,000 - 242,000; Full time

Benefits offered by this job

Base salary

Equity

Benefits

Job summary

Belltower Fund Group, the funds services division of AngelList, seeks a Senior Manager of Fund Accounting to lead accounting, valuation, and reporting for 27,000+ funds. You will resolve exceptions, respond to investor inquiries, and collaborate with auditors on complex fund audits.

The role reports to the Fund Accounting Director and partners with cross-functional teams to enhance automation and accuracy in financial reporting. Strong CPA, GAAP knowledge, and leadership are essential.

Qualifications

• 8+ years of experience in investment company accounting.
• Experience at a public accounting firm and/or fund administrator role.
• Proficiency in US GAAP, ASC 946 and ASC 820.
• Experience in financial statement creation for investment funds, including footnotes.
• Track record of improving financial reporting controls and SOC 1 processes.
• Experience coordinating with external auditors.
• Strong initiative, motivation, and proactive communication.

Responsibilities

• Oversee key accounting and reporting processes for investment funds.
• Develop and own process descriptions, matrices, and controls.
• Onboard new clients from existing administrators and providers.
• Coordinate with external auditors to ensure timely fund audits.
• Oversee events and data evaluation to determine fund valuations.
• Coach and supervise managers/senior accountants.
• Ensure accounting treatment aligns with US GAAP (ASC 946/ASC 820) and drive automation with engineering teams.

Skills

Investment accounting

US GAAP

Leadership

Communication

SOC 1

Auditors coordination

Automation collaboration

Education

CPA license

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 Manager is a critical member of the team responsible for overseeing the accounting, valuation, and reporting functions for 27,000+ funds run from the AngelList platform. This role will be a key member on a team that manages complex fund accounting work that leverages some automation and some manual work that is not yet automated. The Fund Accounting Senior Manager will resolve exceptions, address investor inquiries, and research new technical issues.

This role reports into the Fund Accounting Director and collaborates with other fund accounting team members and cross-functional operations teams. The focus is on managing the production of financial reporting deliverables for funds while also ensuring accurate accounting updates (including valuation of investments), resolving exceptions, addressing investor inquiries, and researching new technical issues. The role will involve interfacing directly with fund leads, fund investors, external auditors, and other parties.

You Will:

• Oversee key team processes involved in ensuring accurate accounting for and reporting of investment companies
• Develop and own descriptions, matrices and flow charts in relation to the key processes and controls
• Develop and own processes to onboard new clients from existing administrators and service providers
• Interact with external auditors and ensure timely completion of fund audits
• Oversee portfolio company events and data evaluation, determining appropriate valuation actions for each investment
• Coach and oversee a team of managers and/or senior accountants
• Ensure that accounting treatment for funds is in accordance with US GAAP, particularly ASC 946, ASC 820, and evaluate special situations
• Collaborate with engineering teams to drive increased automation

You Have:

• 8+ years of experience in investment company accounting, with a strong academic track record and CPA license (strongly preferred)
• Have experience working at a public accounting firm and/or experience at a fund administrator or investment advisor in a fund accounting focused role
• Proficiency in US GAAP, particularly ASC 946 and ASC 820
• Extensive experience in financial statement creation for investment companies/funds, including writing footnotes
• A track record of improving financial reporting control environments and SOC 1 report process implementation and/or management
• Experience in preparing materials for and coordinating with external auditors
• A commitment to success, self-motivation, and proactivity
• Excellent interpersonal and communication skills, with the ability to communicate effectively with portfolio companies and lead investors

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 $220,000+ 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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What Guides Us: At AngelList, we are united in our purpose to accelerate innovation and build the future of private markets. Our beliefs and values shape what we work on and how we create impact. If the below resonate, we'd love to have you with us.
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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.