This is an in-office and Lehi, UT-based position.
Sorenson Capital is a leading venture capital firm that invests in product-oriented early and growth-stage B2B software companies. Sorenson has $1.6 billion of capital under management for two funds – an early-stage fund and a growth-stage fund. The firm supports entrepreneurs through every stage of their journey to accelerate revenue growth and further their product leadership position.
With offices in Palo Alto, CA, and Lehi, UT, Sorenson is proud to partner with entrepreneurs from coast to slopes.
Role and Responsibilities
Sorenson Capital is hiring a Fund Controller to join the firm’s Lehi, UT team. Reporting to the CFO and supported by a third-party administrator (TPA), the Fund Controller will assume responsibility for the daily operations of fund accounting and financial activities. This role involves a range of responsibilities, including regular reporting, valuation support, capital allocation management, and investor communications. This expertise is instrumental in optimizing the development and delivery of each fund’s unique limited partner and general partner calculations and communications.
Direct responsibilities include:
Partnering with the CFO to manage daily fund operations.
Managing the operations and accounting of existing funds.
Overseeing and providing guidance on the initial set-up of new funds deliverables (capital calls, distributions, financial statements, waterfalls, IRRs) and performing a thorough and in-depth review and sign-off prior to CFO review.
Performing multiple levels of review and analysis of financial reports, capital events, and complex private equity transactions.
Collaborating with external parties, including auditors, custodians, and fund administrators, to ensure seamless operations and reporting.
Assisting in managing the firm's budgeting and forecasting processes.
Continuously reviewing and enhancing fund accounting procedures and systems, seeking opportunities to streamline processes and increase efficiency.
Your Experience
The ideal candidate will have 3-5 years of experience working in the accounting department of a venture capital or private equity firm, or have prior experience working for a fund administrator. In addition, the following qualifications are preferred:
Bachelor's degree in Finance or Accounting; CPA or CFA certification is preferred.
Strong quantitative and analytical abilities with a demonstrated ability to get to the right answer within a reasonable amount of time.
Extensive knowledge of administering capital calls, distributions, financial statements, and calculating waterfalls and IRRs.
Prior GAAP and fund accounting knowledge.
Familiarity with limited partnership agreements and other investment vehicle governing documents.
Ability to analyze fund performance metrics, assess risk factors, and provide insights for decision-making to enhance fund profitability and growth.
Excellent organizational and detail-oriented skills with the ability to jump between multiple fund-related topics within any given day or even hour.
Proven ability to work effectively in a fast-paced, dynamic, and high-stakes environment.
Benefits
The compensation plan for this role will be commensurate with the skills required. As such, it will be comprised of a base salary and an annual performance-based bonus, which is determined by individual and company performance. Sorenson Capital offers a comprehensive benefits package that includes:
Paid Time Off
Paid Sick Time
401k
Medical (H.S.A./HDHP option with employer contribution)
Dental and Vision
Group Term Life & AD&D
Voluntary Life
Long-Term Disability
Employee Assistance Program
Hiring Commitment
At Sorenson Capital, we value people and the cumulative contributions everyone brings to the firm. We are committed to working with diverse, inclusive team players who strive for excellence.
Sorenson Capital welcomes and values candidates from all backgrounds, and we do not discriminate based on race, color, religion, sex, gender identity, sexual orientation, national origin, age, marital status, veteran status, disability, or any other protected status.