Senior Fund Accountant

Emerson Collective, LLC
September 23, 2022
Palo Alto, CA
Job Type



We are an organization dedicated to creating pathways to opportunity so people can live to their full potential. We center our work on education, immigration reform, the environment, health, with justice as our goal. We use a wide range of tools and strategies - partnering with entrepreneurs and experts, makers and policymakers, advocates, and creatives - to build and execute innovative solutions that will spur change and promote equality.

In order to address national and global-scale problems, we employ a wide range of tools and strategies. We believe that a combination of Philanthropy and Venture Capital can support the greatest leaps of innovation. This model allows us to deploy resources in the most flexible way for the greatest impact.

The Opportunity

The Senior Fund Accountant is a key member of the finance team, demonstrating a diverse set of responsibilities such as accounting for our investment portfolio activity and financial reporting. This position requires a high level of organization and process management capability. The Senior Fund Accountant is responsible for preparing and processing transactions and exercising sound judgment towards the proper application of accounting principles to complex transactions for the organization's investment portfolio. Additionally, the Senior Fund Accountant must have the ability to work within a team toward the timely and accurate production of deliverables. This position will work directly with the Finance team and report to the Accounting Manager.

Role and Responsibilities

* Record and book journal entries for all fund transactions in Netsuite for review by accounting manager
* Prepare cash reconciliations on a weekly/monthly basis for review by accounting manager
* Assist with carried interest waterfall calculation for distribution across multiple fund entities
* Aid in backend investment funding process - assist with preparation of wire tables with relevant investment details and initiate approval flow for wire processing in connection with direct and fund of fund transactions
* Assist with transfer of public equities from various stock transfer agents
* Assist with preparation of quarterly closing package including, but not limited to, Balance sheet, Income Statement, Statement of Cash Flows, Schedule of Investments, IRR and MOIC analysis
* Assist and contribute to the preparation of investment portfolio reporting including valuations in accordance with ASC 820
* Assist with recordkeeping of investment legal documents and capitalization tables and reconciling between reporting systems (Carta/Aumni/Addepar)
* Identify opportunities for process improvements/outsourcing and drive implementation of the solutions
* Help ensure financial controls are adhered to while continually working with the organization's finance team to ensure the platform and processes are working optimally to support the organizations investment activity
* Support the investment team as required on ad hoc tasks
* Assist with monitoring cash flows and provide recommendations on funding requests
* Assist with portfolio company data gathering, as needed

Qualifications, Skills, and Requirements

* BA/BS degree in accounting, finance, business, or related area of study
* 5+ years of relevant experience (can include venture capital, or private equity experience in public accounting and/or private industry)
* CPA or strong working knowledge of US GAAP
* Exposure to various asset management organizations such as Venture Capital, Private Credit and Private Equity accounting
* Ability to prepare reporting packages
* Strong Excel skills
* Knowledge of Addepar/Aumni/Netsuite/iLevel/Salesforce is a plus
* Knowledge of ASC 820 valuations is a plus
* Exceptional interpersonal skills, proactive, able to prioritize, meet deadlines, and effectively deal with ambiguity
* The candidate must demonstrate a strong work ethic, the ability to work independently and proactively to identify and resolve issues, and be trusted with maintaining the confidentiality of sensitive information
* Detail oriented, highly motivated and an analytical thinker who also understands the bigger picture


Emerson Collective is a Bay Area-based organization with offices in Palo Alto, East Palo Alto, Oakland, Chicago, New York, and Washington, D.C. This position is located in Palo Alto.

What we offer

A mission-driven, diverse, and inclusive environment that focuses on learning and growing. We offer excellent benefits and perks designed for your well-being and a healthy work-life balance. These include flexible paid time off, competitive health insurance, a generous retirement savings plan, paid parental leave, commuter benefits, mental health and family care benefits, lunch in the office, book club, weekly yoga, a new iPhone and iWatch, time off to volunteer, participation in social justice events, and more.

The salary for this role is highly competitive and commensurate with experience.

Building a diverse and inclusive workforce is key to our mission and values as we strive to create systemic change and open possibilities for all of the communities we serve. To that end, we provide equal employment opportunities to all applicants without regard to race, color, religion, sex, sexual orientation, national origin, age, disability, or genetics.

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