Finance Accounting Manager - Venture Capital and Private Equity

Finance Accounting Manager - Venture Capital and Private Equity

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Job Overview

The Venture Capital and Private Equity Accounting Manager role will oversee the accounting, financial reporting, and compliance activities related to the organization's venture capital (VC) and private equity (PE) investment portfolios. This role is responsible for ensuring accurate valuation, financial statement preparation, and adherence to regulatory and industry standards. The ideal candidate will have a strong background in accounting for complex investment vehicles, excellent analytical skills, and the ability to collaborate with internal and external stakeholders, including portfolio companies, auditors, and investment teams.

Portfolio Accounting - Manage the full cycle of accounting for VC and PE investments, including fund accounting, capital calls, distributions, carried interest, and management fees.

Financial Reporting - Prepare and review financial statements, including balance sheets, income statements, and cash flow statements, in accordance with GAAP, IFRS, or other relevant standards.

Valuation Oversight - Oversee the valuation process for portfolio investments, including fair value assessments, mark-to-market adjustments, and coordination with third-party valuation firms.

Compliance & Audits - Ensure compliance with regulatory requirements (e.g., SEC, IRS) and coordinate with external auditors for annual audits and tax filings.

General Ledger Management - Maintain accurate and up-to-date general ledger entries for all investment-related transactions.

Investor Reporting - Prepare detailed reports for limited partners (LPs) and other stakeholders, including capital account statements and performance updates.

Process Improvement - Develop and implement efficient accounting processes and controls to enhance accuracy and scalability.

Collaboration- Work closely with investment teams, legal counsel, and portfolio companies to ensure accurate data flow and alignment on financial matters.

Tax Coordination - Collaborate with tax professionals to ensure proper tax treatment of investments, including K-1 preparation and partnership tax compliance.

Responsibilities :

• Supports the management and control data flows to and within Finance applications to ensure integrity and completeness of data, including by preparing and recording financial transactions for legal vehicle and regulatory reporting purposes, updating the general ledger, recording financial transactions, and preparing of consolidated financial statements, in accordance with management reporting requirements, for legal vehicle & regulatory purposes. Also, includes specialized accounting, such as equity compensation, securitization, payroll, and investment accounting.
• Ensuring that financial controls are in place for all key processes and that any control weaknesses are appropriately addressed and escalated.
• Understand the impact of new requirements and comply with new control requirements.
• Establish consistent processes and a strong control environment, review procedures, and MCA assessments.
• Ensure country PRC is appropriate and up to date and review ARA on an annual basis with key stakeholders.
• Ensure control issues are effectively identified and escalated.
• Identify and evaluate design and operating control deficiencies; and ensure that control issues are effectively identified and escalated.
• Ensure that there is a resolution plan for all identified and escalated issues.
• Prepare control guidelines and train controllers on how to apply.
• Review on a regular basis all minimum requirements to make sure they performed in line with ARA.
• Focus on and co-ordinate deep dives (in-depth reviews) across business areas and countries, to identify control deficiencies, best practice, and consistency of approach; document results of the evaluation and propose and drive implementation of solutions to correct deficiencies.
• Ensure regular month-end file reviews are taking place in order to identify any control gaps.
• Coordinate audit preparation work with countries.
• Ensure general controls which are not finance division specific, but applicable to the entire finance are coordinated and reviewed on a regular basis (e.g., EERS, COB, ICSA, EUC).
• Monitoring of CAPs / IMR's.
• Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients, and assets, by driving compliance with applicable laws, rules, and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct, and business practices, and escalating, managing, and reporting control issues with transparency, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards.

Qualifications :

Education :