Fund Accountant

Job Summary 

This professional will be an integral member of Investure’s Accounting and Treasury team. This position will report to the Client Accounting Controller and be responsible for the day-to-day accounting and operations of Investure’s foundation and endowment client investment portfolios. The ideal candidate will be driven by results, but focused on process, extremely detail-oriented, with the ability to see the big picture, challenge the status quo when appropriate, and maintain strategic focus while evaluating tactical challenges. Cultural fit, humility, and willingness to learn are imperative. The position is based in-office with a remote option on Fridays and during the summer a remote option for Thursdays and Fridays.

Investure will not sponsor H-1B or other employment-related visas for this position.

The Company

Based in Charlottesville, Virginia, Investure was founded in 2003 to serve as the outsourced investment office to a select number of non-profit endowments and private foundations. Managing assets of approximately $18 billion as of August 2024, Investure is responsible for portfolio management, asset allocation, and manager selection investing across a number of asset classes, including fixed income and credit, global public equities, alternative investments (e.g., hedge funds, private equity, venture), and real assets. Investure has a fast-paced culture where there is a vast opportunity for learning and strong expectation of teamwork, collegiality, and integrity. We are a mission-driven organization that values continuous improvement, excellence, and employee engagement.

Essential Functions

Responsible for day-to-day accounting and operations of Investure’s foundation and endowment client investment portfolios, including but not limited to the following:

• Monthly and quarterly client investment portfolio accounting closes
• Review the client custodian accounting workpaper packages and prepare internal shadow Net Asset Value (“NAV”) packages
• Perform transaction and valuation entry into Investure’s internal accounting system
• Assist in the facilitation of data integration between Investure’s internal accounting system and performance reporting system
• Address and resolve daily transaction and cash reconciliation issues between internal accounting system and client custodian
• Complete the detailed reconciliation of the underlying manager capital statements
• Facilitate ad hoc requests with underlying managers, arising from the closing process
• Assist and support with the clients’ audited financial and tax return process, including preparing various supporting schedules, providing audit confirmations, and answering auditor/tax preparer questions

Responsibilities and title will ultimately be commensurate with the professional’s experience and demonstrated faculties and judgement.

Education, Experience & Skills

• 2+ years of professional work experience in public accounting or industry with at least one year of direct investment fund accounting experience preferred
• Bachelor’s degree in accounting or finance, preferred, CPA or CPA track a plus
• Proficient using standard office software such as Word, PowerPoint, Excel, Outlook, OneNote
• Experience using a double-entry accounting system, preferred; experience with Research Management Systems a plus
• Exceptional attention to detail, while being able to understand application and the big picture
• Desire to improve and develop individual knowledge and technical abilities
• Ability to handle confidential and sensitive information with a high degree of professionalism
• Ability to work within a team taking on responsibilities as needed for timely delivery within No job too small mentality is essential

Guiding Principles 

• Integrity: Demonstrates unquestioned ethics and Strives to exemplify the highest ethical standards in both work and personal lives

• Excellence: Has exceptional work Works both hard and smart. Demonstrates continuous self-evaluation of successes and failures

• Service: Puts others Illustrates mission-driven outlook and approach

• Stewardship: Puts long-term interests above short-term Focuses on the greater good

• People: Demonstrates passion and excellent Treats others with respect, helps when and how needed, and is respectful of the needs of others

• Teamwork: Takes a collaborative and selfless Operates under the “Golden Rule”

• Humility: Comfortable with being Seeks to learn from mistakes. Willing to do anything necessary to get the job done. Treats all as equals

Position Based Competencies 

• Accuracy: Identifies and corrects mistakes; does not repeat past mistakes; demonstrates strong attention to detail
• Team Orientation: Comfortable taking direction or taking the lead; receptive to feedback
• Process Management: Creative and innovative thinker who can simplify and improve complex procedures
• Communication: Excellent interpersonal skills; professional and diplomatic demeanor
• Planning: Can orchestrate multiple activities at once to accomplish a goal; accurately scopes tasks and projects
• Adaptability: Self-directed learner; effectively and positively embraces and manages Doesn’t require constant direction
• Relationship Management: Negotiates skillfully in tough situations with both internal and external groups; ability to establish strong rapport across all levels
• Expertise: Has experience and knowledge to oversee a function with a high level of accomplishment; able to successfully direct and guide
• Problem Solving: Strong analytical skills; Seeks input and builds consensus to drive team to desired solution
• Judgment: Demonstrates good decision-making based upon a mixture of analysis, wisdom and experience; considers organizational impact

To apply for this position, interested parties should visit our website: www.investure.com/careers