Controller (Head of Finance)

AI Fund

United States Remote United States only

Full time

Nov 24

AI is the new electricity: Just as electricity transformed numerous industries starting 100 years ago, AI is now poised to do the same. AI Fund is a venture studio founded by Dr. Andrew Ng in 2017. Our portfolio companies utilize AI technology and applications to improve processes and efficiency. The AI Fund team combines their experiences as AI pioneers, entrepreneurs, venture capitalists, investors, and operators. We are backed by a $176 million-dollar fund from top-tier VC firms. Our purpose is to build AI companies that move humanity forward.  

What We Seek: We are looking for an energetic Controller to join our operations team to oversee all aspects of the financial operations and tax planning for our fund and management company.  In addition, you will support our process of building companies and also provide support to our portfolio companies on finance and tax related matters, as needed. We welcome candidates with prior financial experience in venture capital and/or private equity, strong analytical skills and ability to handle ambiguity. This is an opportunity to join one the leading VCs in the AI space and impact the operations and growth of our fund. This is a remote role based in the US.

What You Will Be Doing:

  • Responsible for books and records of fund, GP and management company.
  • Manage, coordinate with, and oversee third party fund administrator (including providing timely/accurate transaction information to administrator, reviewing work of fund administrator).
  • Responsible for preparation of periodic reports to investors including: review of financial statements on a quarterly and year end basis, review of capital account statements, review of annual K-1s for investors.
  • Ensure accounting and reporting functions are consistent with partnership agreements and side letters.
  • Maintain accurate investor contact database.
  • Lead investor relation function to assist with LP inquiries and lead the LP annual meeting planning and presentation.
  • Manage and coordinate year end audit process.
  • Review tax returns for fund, GP and management company.
  • Coordinate portfolio company data collection and manage portfolio company records.
  • Lead periodic ASC 820 valuation calculations (at least quarterly and annually).Perform financial due diligence of investment targets.
  • Oversee management company finance function as well as its satellite office in Colombia to collect financial information to prepare consolidated financial statements.
  • Lead the financial planning and strategy of the fund and management company.
  • Provide ad hoc reporting and analyses as requested.
  • Provide support for the incorporation and formation of new portfolio companies and onboard outsourced accounting vendor with initial accounting and payroll set up.
  • Advise portfolio companies on accounting treatment for complex transactions and be their technical resource for questions.
  • Assist with portfolio companies’ fundraising strategy and financial planning.

What You Must Bring:

  • Bachelor’s degree in accounting/finance/economics6+ years of relevant experience (venture capital/private equity/venture studio/public accounting) required
  • Working knowledge of GAAP
  • Basic knowledge in term sheets, cap tables, legal documents, and venture capital / private equity terms and concepts
  • High standard of personal and professional integrity
  • Excellent oral communications and presentation skills
  • Financial modeling skills required
  • Demonstrated resourcefulness and a track record of managing and following through on multiple tasks

Nice to Haves Include:

  • CPA
  • Previous experience working for a public accounting firm

Critical Competencies Include:

  • Attention to detail and ability to set and manage deadlines
  • Self-starter and entrepreneurially minded with a positive “do anything” attitude
  • Flexible, team player

Please note that there is no relocation budget or visa sponsorship budget available for this role.

At AI Fund, we are committed to providing an environment of mutual respect where equal employment opportunities are available to all applicants without regard to race, color, religion, sex, pregnancy (including childbirth, lactation and related medical conditions), national origin, age, physical and mental disability, marital status, sexual orientation, gender identity, gender expression, genetic information (including characteristics and testing), military and veteran status, and any other characteristic protected by applicable law. AI Fund believes that diversity and inclusion among our employees is critical to our success as a company, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. Selection for employment is decided on the basis of qualifications, merit, and business need.

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AI Fund

Artificial intelligence is the new electricity. Just like electricity revolutionized the world, AI will now do the same.