Senior Audit Associate, Venture Capital

Location

California

Posted

2 days ago

Salary

$80K - $122K / year

Seniority

Senior

Bachelor Degree3 yrs expEnglish

Job Description

Senior Audit Associate, Venture Capital

Sensiba LLP

• Lead and supervise audit engagements for venture capital funds, management companies, and related entities from planning through completion. • Develop and execute risk-based audit plans, with a focus on investment valuation, capital activity, and fund-level risks. • Review and test fair value measurements of portfolio investments, including private company equity, SAFEs, convertible instruments, and other complex securities. • Evaluate capital calls, distributions, carried interest allocations, and partner capital accounts. • Coordinate with fund administrators, valuation specialists, and client finance teams to obtain and validate supporting data. • Review audit workpapers, financial statements, and disclosures, ensuring compliance with ASC 946 (Investment Companies) and GAAP. • Provide technical guidance on fair value (ASC 820), equity investments, and complex financial instruments. • Monitor and update engagement progress, budgets, and timelines, proactively communicating with leadership and clients. • Build and maintain strong relationships with fund managers and client stakeholders, demonstrating responsiveness and industry knowledge. • Mentor and coach audit staff, particularly on VC fund structures and investment-related audit procedures, providing written feedback regularly. • Identify process improvements related to fund audit efficiency, data requests, and valuation review workflows.

Job Requirements

  • Bachelor’s degree in accounting or related field
  • Minimum of three (3) years of audit experience in public accounting
  • CPA exam progress required, CPA license preferred
  • Experience auditing venture capital, private equity, or investment funds
  • Familiarity with fund structures (LP/GP), capital account reporting, and investor allocations
  • Exposure to fair value methodologies and valuation support
  • Master’s degree in accounting or related field

Benefits

  • Comprehensive Health Coverage – Medical, dental, and vision.
  • Retirement & Financial Planning Support – 401(k) with match, financial wellness programs.
  • Generous Paid Time Off – Vacation, sick time, holidays, parental leave and volunteer days.
  • Flexible Work Arrangements – Hybrid or remote options, flexible hours.
  • Performance-Based Bonus – Recognition for your contributions through discretionary bonuses.
  • Professional Development Opportunities – Tuition reimbursement, certifications, mentorship.
  • Career Growth & Internal Mobility – Clear paths for advancement and role transitions.
  • Inclusive & Supportive Culture – DEI initiatives, employee resource groups, wellness programs.

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