The Finance Manager is responsible for supporting the Business Unit Controller in all Accounting and Reporting related to their specific area. This role could oversee and manage direct report(s) within the Accounting team as well as work closely with a team of third-party administrator consultants to ensure that work is completed in a timely, accurate and efficient manner. This role is responsible for accounting policies, SOX controls and internal management reporting with regards to this area.
This position functions as a right hand person to the Business Unit Controller and helps review a multitude of accounting activities including journal entry posting, general ledger review and approval, monthly close activities, certifications, financial reporting and Sox and year-end preparation and coordination with auditors (including Internal Audit, External Audit, Compliance, Regulators, etc.). The Finance Manager works closely with other teams across SVB Capital. Works unsupervised and demonstrates pro-activeness in issue spotting and related resolution.
Review and manage reporting, audits and tax compliance
Responsibilities include but are not limited to:
Coordinate day-to-day fund accounting activities with 3rd party administrator, review fund transactions, and limited partner reporting for SVB Capital funds, to ensure compliance with fund agreements.
Facilitate and manage fund audits as well as tax compliance including managing and coordinating deliverables with the 3rd party administrator
Manage monthly close for the funds and management entities, reconciliations, and preparation of reports for corporate reporting
Forecast and execute capital calls and distributions for several funds and manage the borrowings from and repayments to an umbrella capital call line of facility
Liaise with Investor Relations team and 3rd party administrator to ensure smooth investor communication, announcements, or inquiries via an online Investor portal managed by the administrator.
Interact with directors, companies/funds, and/or attorneys regarding portfolio company financings.
Coordinate investment funding and investment onboarding.
Review, track, and update portfolio company and portfolio funds capitalization and investment detail in the funds' valuation system. Maintain portfolio performance metrics for each portfolio company (investing cash flow, MOI, IRRs) and the fund.
Work with the investment team to perform portfolio company valuations.
Participate in fundraising efforts, including preparation of diligence materials, review of legal documents and facilitating fund and investor onboarding during closing of the fund
Interact with auditors-both internal and external auditors, as well as regulatory auditors.
Compliance and Regulatory reporting
Recommend and implement changes to policies to comply with Sarbanes-Oxley, GAAP, and regulatory requirements. Maintain and ensure compliance with approved policies and procedures.
Interact with auditors-both internal and external auditors, as well as regulatory auditors
Ad hoc projects and staff development
Perform ad hoc analysis and help prepare presentations, memos etc. for internal communication and documentation
Participate in and sometimes lead ad hoc projects and process improvement initiatives
Supervise, develop and hire accounting staff.
This role will make decisions routinely, related to the day-to-day processes of fund accounting and prioritization of work delegated to their direct hire
This position also makes decisions on how processes are implemented in conjunction with their supervisor
This position will make decision to hire, fire and discipline employees reporting up to them.
This position will make routine recommendations relating to the implementation of processes, delegation of work, development and growth or direct hire etc.
Strong technical/GAAP experience and desire for accuracy and compliance with policies;
Experience with various accounting software systems
Candidate must show ability to communicate directly and work effectively in a complex work environment, including the ability to interact well with a variety of constituencies (directors, limited partners, auditors, third party administrators, office personnel, corporate executives)
Ability to multi-task and balance priorities while also focusing on bringing projects to completion
Strong work ethic, initiative and attention to detail
Prior experience supervising staff is desirable
Good written and communication skills and ability to work independently
Accounting degree or Finance degree with accounting work experience required
Minimum five years of experience in accounting or financial position, preferably at a private equity firm, private credit firm, funds management firm, or other related experience
Experience with private company valuation analysis
Public accounting experience preferred
Certified Public Accountant (CPA) preferred
SVB Financial Group