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Senior Accountant, Management Company

Company: Third Rock Ventures
Location: Cambridge
Posted on: June 24, 2022

Job Description:

Third Rock Ventures is a well established and highly respected early-stage Venture Capital Firm with over $2.7B in assets under management across 5 active funds (with 6th Fund launching in 2022).You are a Senior Accountant for the Management Company who will have varied responsibilities across the Management Company including: accounts payable, time and expense review, and portfolio company chargebacks. In this role, you will also work closely with the rest of the finance team. With a great culture and working environment, you are a team player with great organizational skills. This is a tremendous opportunity to work broadly across the organization and make process improvements in a growing and successful organization.Management Company Responsibilities:

  • Assist Manager, Management Company with portfolio company chargebacks. Due to TRV's company build model and chargeback methodology, there is increased importance and complexity in this area on the management company side. Responsibilities include:
  • Owning the time and expense process throughout the quarter with the end goal of facilitating a Finance team discussion on quarterly chargebacks and accurate/timely portfolio company invoices
  • Ensuring all time and expenses for the quarter are submitted on time and allocated to the correct portfolio company
  • Preparation and delivery of the quarterly time and expense invoices for the portfolio companies
  • Manage general ledger and reporting information for the management company through the QuickBooks platform
  • Handle all A/P processing through the Bill.com platform
  • Review and process expense reports and Amex reports though the Expensify platform
  • Manage cash and assist in the treasury functions for the management company
  • Assist Manager, Management Company with quarter close process (A/R, bank reconciliations, time reports)
  • Assist with the preparation of 1099s and other tax/compliance related items as needed
  • Work with the Manager, Management Company to implement best practices across the management company functions --- Ad hoc finance/accounting projects as neededSeed Company Responsibilities:
    • Handle all accounting and reporting
    • Handle all A/P processing
    • Assist with set up procedures
    • Assist with the preparation of 1099s and other tax/compliance related items as neededRequirements:
      • Bachelor's degree in Accounting or Finance preferred
      • At least 3-4 experience in corporate accounting or VC management company accounting
      • Strong attention to detail and accuracy
      • Entrepreneurial mindset and desire to work in small business environment
      • Strong multi-tasking skills
      • Excellent written and verbal communication skills with all levels of management
      • Sense of urgency and intellectual curiosity
      • Ability to establish and meet deadlines, work under pressure, and handle multiple prioritiesPreferred Experience:
        • Strong Microsoft Excel skills
        • Proficiency with QuickBooks
        • Proficiency with expense platforms (experience with Bill.com and Expensify is a plus)

Keywords: Third Rock Ventures, Cambridge , Senior Accountant, Management Company, Accounting, Auditing , Cambridge, Massachusetts

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