Fund & Investment Accountant, Techstars
$75-85k
Office located in Boulder, CO
Seed startup accelerator
Job no longer available
Seed startup accelerator
1001+ employees
Job no longer available
$75-85k
Office located in Boulder, CO
1001+ employees
Company mission
To invest in an unprecedented number of startups per year to enable more capital to flow to more entrepreneurs around the world in order to deliver exceptional returns to our investors.
Role
Who you are
- Bachelor’s degree in Accounting
- Active licensed CPA, or strong desire to pursue CPA licensure
- Recent graduate or 1-3 years of relevant experience
- Experience with a public accounting firm, or venture capital and/or private equity firm a plus
- Sound working knowledge and understanding of US GAAP
- Experience with or a strong desire to quickly come up to speed on investment company accounting principles (ASC 946) and fair value measurement standards (ASC 820)
- Excellent analytical skills and ability to read and interpret venture financing documents and recording relevant accounting and valuation transactions
- Comfortable working with, organizing, and analyzing large data sets
- Strong Microsoft Excel skills required; experience with partnership accounting systems, Salesforce, G Suite applications a plus
- Strong organizational skills with exceptional attention to detail and the ability to see and understand the bigger picture
- Excellent written and oral communication skills
- Ability to multitask, problem-solve, and take complete ownership of work in a fast-paced, high-volume environment
- Eager individual willing to roll up their sleeves and learn new concepts with support and guidance from team members
What the job involves
- Maintain general ledgers and sub-ledgers for the various fund and investment entities
- Process portfolio company financings, M&A transactions, and related valuation events by recording adjustments and journal entries in internal systems
- Own preparation of quarterly financial statements, footnote disclosures, investor allocations, schedules of investments & portfolio summary reports
- Prepare portfolio statements for corporate partners
- Prepare distribution allocations, investor notices and wires; and confirm wire instructions with investors as needed
- Record capital calls and perform follow ups as needed
- Prepare weekly reconciliation of investment data between investment database and accounting system, and investigate differences
- Ensure data hygiene of transactions across all entities
- Monitor and record cash activity; prepare monthly bank reconciliations
- Assist with onboarding new investors and responding to investor inquiries, audit confirmations, and escalating items to managers as needed
- Prepare investment roll forwards and carried interest calculations for various entities
- Prepare year-end audit and tax packages and assist with year-end audit and tax requests
Our take
Techstars runs a startup acceleration program aimed at guiding aspiring entrepreneurs to launch their startups successfully. Each year, Techstars selects 500 early-stage companies to participate in a 3-month accelerator course, which includes $120K in funding along with mentorship and financial support.
In response to the rapid pace of technological innovation generating numerous new ideas, Techstar recognizes the potential of many promising concepts going unnoticed. By investing both financially and inspirational in startups, Techstars aims to not only support these ventures but also generate significant returns through equity investments.
With notable successes such as Chainalysis and SendGrid, Techstars has expanded its programs beyond the United States to various international cities, solidifying its reputation as a leader in startup acceleration.
Freddie
Company Specialist
Insights
Company
Company HQ
Little Brazil, New York, NY
Articles
Founders
David Cohen
(Co-Founder & CEO)Having studied at the University of Central Florida, they worked as a Software Engineer and spent 4 years at Automated Dispatch Services. They then founded ZOLL Data Systems, Pinpoint Technologies, and more.
Brad Feld
(Co-Founder)Previously a Managing Director at Softbank Technology Ventures, Mobius Venture Capital and Intensity Ventures.
David Brown
(Co-Founder)Previously Founded iCentric Foundation and served as the President at Zoll. Currently, they are an Adjunct Professor at the University of Colorado, Boulder, and a Partner at Zintinus.
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