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 give the next generation of world-changing entrepreneurs all the tools they need to thrive.
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
Otta's take
Theo Margolius
COO of Otta
Techstars runs a startup acceleration program that provides mentorship and financial investment in order to guide prospective entrepreneurs to get their startups running. The company chooses 500 early-stage companies annually to embark on a 3-month accelerator course, providing $120k in funding.
Exponential rates of technological innovation are producing more new ideas than ever, and Techstars has recognized that many of these ideas slip through the cracks. By investing in new startups both financially and inspirationally, the company shows promise to turn huge profits for both its applicant startups and itself through equity investments.
The company has had a number of major successes – like Chainalysis and SendGrid – and has expanded its programs into numerous US and international cities.
Insights
Company
Company values
- We Always #GiveFirst - Offer support to others without an expectation of anything in return
- Do What's Right for Founders - Always keep the interest of our core customer in mind: the entrepreneur
- Quality Before Quantity - Focus on growth, but only if we scale the quality of the work
- Network Over Hierarchy - Value remote decision making over centralized processes
Company HQ
Downtown, Boulder, CO
Articles
Founders
David Cohen
(Co-Founder & Chairman of the Board)Having studied at the University of Central Florida, they worked as a Software Engineer and spent 4 years at Automated Dispatch Services to found ZOLL Data Systems, Pinpoint Technologies, and more. They used this experience to co-found Techstars in November 2006.
Brad Feld
(Co-Founder)Previously Managing Director at Softbank Technology Ventures, Mobius Venture Capital and Intensity Ventures.
David Brown
(Co-Founder & Board Member)Previously Founder at iCentric Foundation, President at Zoll. Currently Adjunct Professor at University of Colorado, Boulder, Partner at Zintinus.
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