Senior Audit Associate, Venture Capital

Sensiba LLP; California (MO); Hybrid; USD 80,000 - 122,000; Full time

Benefits offered by this job

Comprehensive Health Coverage

401(k) with match

Generous Paid Time Off

Flexible Work Arrangements

Performance-Based Bonus

Professional Development Opportunities

Career Growth & Internal Mobility

Inclusive & Supportive Culture

Job summary

Sensiba LLP is seeking a Senior Audit Associate specializing in venture capital in the United States. You will lead audits for VC funds and related entities, managing planning, risk assessment, and execution with a focus on valuation and fund operations.

The role involves reviewing fair value measurements, coordinating with fund administrators, and guiding staff on VC structures. A CPA is preferred, with strong VC fund experience and GAAP expertise provided in a collaborative environment.

Qualifications

• Bachelor’s degree in accounting or related field required.
• Minimum of three years of audit experience in public accounting.
• CPA exam progress required, CPA license preferred.
• Experience auditing venture capital, private equity, or investment funds.
• Familiarity with fund structures (LP/GP), capital account reporting, and investor allocations.
• Exposure to fair value methodologies and valuation support.
• Master’s degree in accounting or related field preferred.

Responsibilities

• Lead and supervise audit engagements for venture capital funds and related entities from planning through completion.
• Develop risk-based audit plans focusing on investment valuation and fund activity.
• Review fair value measurements of portfolio investments and complex securities.
• Evaluate capital calls, distributions, and partner capital accounts.
• Coordinate with fund administrators, valuation specialists, and client finance teams.
• Ensure compliance with ASC 946 and GAAP in financial statements and disclosures.
• Provide technical guidance on fair value and complex instruments.
• Monitor engagement progress, budgets, and timelines; communicate with leadership and clients.
• Mentor audit staff on VC fund structures and related procedures.
• Identify process improvements for fund audit efficiency.

Skills

Audit experience

Venture capital

GAAP knowledge

Client relationships

Education

Bachelor’s degree in accounting

Master’s degree in accounting

Tools

ASC 946

ASC 820

Job description

Description

The Senior Audit Associate, Venture Capital plays a crucial role in leading audit engagements for investment funds and related entities, managing client relationships, and providing technical expertise to audit teams. This role is ideal for individuals with strong audit experience who are looking to deepen their specialization in venture capital and private investment structures.

This position works closely with fund managers, general partners, and finance teams, providing insight into complex investment transactions, valuation considerations, and fund operations. The Senior works more closely and consistently with clients than at any other level within the Firm.

Department: Audit

Location: United States

Compensation: $80,000 - $122,000 / year

Key Responsibilities

• Lead and supervise audit engagements for venture capital funds, management companies, and related entities from planning through completion.
• Develop and execute risk-based audit plans, with a focus on investment valuation, capital activity, and fund-level risks.
• Review and test fair value measurements of portfolio investments, including private company equity, SAFEs, convertible instruments, and other complex securities.
• Evaluate capital calls, distributions, carried interest allocations, and partner capital accounts.
• Coordinate with fund administrators, valuation specialists, and client finance teams to obtain and validate supporting data.
• Review audit workpapers, financial statements, and disclosures, ensuring compliance with ASC 946 (Investment Companies) and GAAP.
• Provide technical guidance on fair value (ASC 820), equity investments, and complex financial instruments.
• Monitor and update engagement progress, budgets, and timelines, proactively communicating with leadership and clients.
• Build and maintain strong relationships with fund managers and client stakeholders, demonstrating responsiveness and industry knowledge.
• Mentor and coach audit staff, particularly on VC fund structures and investment-related audit procedures, providing written feedback regularly.
• Identify process improvements related to fund audit efficiency, data requests, and valuation review workflows.

Skills, Knowledge and Expertise

• Bachelor’s degree in accounting or related field
• Minimum of three (3) years of audit experience in public accounting
• CPA exam progress required, CPA license preferred
• Experience auditing venture capital, private equity, or investment funds
• Familiarity with fund structures (LP/GP), capital account reporting, and investor allocations
• Exposure to fair value methodologies and valuation support
• Master’s degree in accounting or related field

Compensation & Benefits

This role offers a competitive base salary along with a comprehensive benefits package. Salary ranges for U.S.-based positions are determined by geographic location and fall into one of three pay zones, which reflect the cost of labor in that area. The anticipated salary ranges for this position are outlined below and are subject to change:

• US Payzone 1: $97,600 - $122,000
• US Payzone 2: $88,000 - $111,000
• US Payzone 3: $80,000 - $100,000

When determining compensation, we consider a variety of factors such as a candidate’s professional experience, skills, and qualifications. Please note that final offer amounts may vary from the ranges listed above and may be adjusted over time.

There are many reasons to join the Sensiba team: generous benefits, competitive compensation, professional advancement opportunities, and above all — our people. If you're looking for an environment that offers you growth, success, and professionalism without compromising your family, passions, and life outside of work,

Sensiba has a robust offering of benefits, including:

• Comprehensive Health Coverage – Medical, dental, and vision.
• Retirement & Financial Planning Support – 401(k) with match, financial wellness programs.
• Generous Paid Time Off – Vacation, sick time, holidays, parental leave and volunteer days.
• Flexible Work Arrangements – Hybrid or remote options, flexible hours.
• Performance-Based Bonus – Recognition for your contributions through discretionary bonuses.
• Professional Development Opportunities – Tuition reimbursement, certifications, mentorship.
• Career Growth & Internal Mobility – Clear paths for advancement and role transitions.
• Inclusive & Supportive Culture – DEI initiatives, employee resource groups, wellness programs.