Senior Audit Associate, Venture Capital

This is a fully remote position, open to applicants in California.

📋 Description

• Oversee and direct audit engagements for venture capital funds, management companies, and associated entities from the planning stage to completion.

• Create and implement risk-based audit strategies, emphasizing investment valuation, capital activities, and fund-level risks.

• Assess and test fair value assessments of portfolio investments, including private equity, SAFEs, convertible instruments, and other intricate securities.

• Analyze capital calls, distributions, carried interest allocations, and partner capital accounts.

• Collaborate with fund administrators, valuation experts, and client finance teams to gather and verify supporting data.

• Examine audit workpapers, financial statements, and disclosures to ensure compliance with ASC 946 (Investment Companies) and GAAP.

• Offer technical advice on fair value (ASC 820), equity investments, and complex financial instruments.

• Track and update the progress of engagements, budgets, and timelines while proactively communicating with leadership and clients.

• Cultivate and sustain strong relationships with fund managers and client stakeholders, showcasing responsiveness and industry expertise.

• Guide and mentor audit staff, particularly on VC fund structures and investment-related audit methodologies, providing regular written feedback.

• Identify opportunities for process enhancements related to fund audit efficiency, data requests, and valuation review workflows.

⛳️ Requirements

• Bachelor’s degree in accounting or a related discipline.

• At least three (3) years of audit experience in public accounting.

• Progress on the CPA exam is required; CPA license is preferred.

• Experience in auditing venture capital, private equity, or investment funds.

• Understanding of fund structures (LP/GP), capital account reporting, and investor allocations.

• Familiarity with fair value methodologies and valuation support.

• Master’s degree in accounting or a related field is a plus.

🏝️ Benefits

• 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.