Senior Fund Accountant - Fee Team

Company: Menlo Ventures
Location: San Francisco
Posted on: November 13, 2024

Job Description:

The Company You'll Join Carta develops purpose-built software that transforms traditional accounting into a powerful growth engine. Carta's world-class fund administration platform supports nearly 7,000 funds and SPVs, and represents nearly $130B in assets under management in venture capital and private equity. Trusted by more than 40,000 companies, Carta also helps private businesses in over 160 countries manage their cap tables, valuations, taxes, equity programs, compensation, and more. Together, Carta is setting a new standard as the end-to-end platform for private markets. Our best-in-class solution for fund management seamlessly integrates investor and portfolio company insights via a suite of tools designed ground-up to support the strategic impact of the fund CFO. For more information about our offices and culture, check out our . The Problems You'll Solve At Carta, our employees set out on a mission to unlock the power of equity ownership for more people in more places. We believe that the problems we solve today unlock the opportunities of tomorrow. As a member of the Fee Team, you will:

• Work on configuring automated in-app calculations of management fees and carried interest as well as preparing manual calculations when automation is not possible;
• Serve as a subject matter expert in fund administration accounting and its standard practices (specifically as it relates to management fees and carry), providing guidance and support to colleagues, clients, and stakeholders;
• Collaborate with the Product team and participate in the development and implementation of complex technical solutions or projects related to the team's responsibilities;
• Assist with audit requests when necessary during year-end reporting. The Team You'll Work With You'll be joining the Fee Team - one of the functional teams within Fund Admin BU. The Fee Team is responsible for ensuring all management fee and carried interest calculations are performed accurately, and all fee payment cycles run smoothly. We support all client by:
  • Preparing management fee and carried interest calculations
  • Providing support during audit;
  • Providing explanation of fee calculations to clients and advising on best practices when needed. About You
    • You have a strong understanding of fund accounting.
    • You have experience in interpreting LPAs and operating agreements, specifically when it comes to fee calculations.
    • You have an operational mindset and are constantly looking for ways to streamline processes.
    • You have the ability to troubleshoot and problem solve.
    • You have strong organization skills and high attention to detail. Salary Carta's compensation package includes a market competitive salary, equity for all full time roles, exceptional benefits, and, for applicable roles, commissions plans. Our expected cash compensation (salary) range for this role is: $102,000 - $120,000 in New York, NY, San Francisco, CA, and Santa Clara, CA $96,900 - $114,000 in Seattle, WA We are an equal opportunity employer and are committed to providing a positive interview experience for every candidate. If accommodations due to a disability or medical condition are needed, please connect with the talent partner via email. Interested in data privacy? Check out our policies on and . Please note that all official communications from us will come from an @carta.com domain.
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Keywords: Menlo Ventures, Tracy , Senior Fund Accountant - Fee Team, Accounting, Auditing , San Francisco, California