Accounting Manager Woven Capital
Palo Alto, CA
Investments & Acquisitions - Woven Capital Fund
Employee Remote
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Woven Capital is Toyotas growth-stage venture capital arm focused on advancing the future of mobility - how people, goods, information, and energy move. We manage $1.6 billion investing in companies that create new ways to support mobility and emerging technologies advance the industrial value chain and accelerate decarbonization and sustainability. Our work connects breakthrough innovators with Toyotas global platform strengthening the companys capabilities today while creating new opportunities for tomorrow.
WHO ARE WE LOOKING FOR
We are excited to hire an Accounting Manager for Woven Capital, the growth-stage corporate venture capital CVC arm of Toyota. This is a unique opportunity to work in the VCCVC industry as the team is looking to bolster the Finance functions to support its exciting growth phase. Youll be joining a world-class team to help build and run a wide range of Finance and Accounting processes and activities as a core member while in liaison with both internal and external stakeholders. The position will be based in either New York, Seattle, or San Francisco.
RESPONSIBILITIES
The Accounting Manager will enjoy a role with a wide breadth and variety of day-to-day activities as well as broad exposure to VCCVC and how the Finance Team ensures quality reporting to stakeholders and demonstrates good governance within a corporate environment while helping the dynamic venture team remain agile. As the Accounting Manager, you will report to the Head of Finance at Woven Capital. Your key areas of coverage and responsibility will include but not be limited to the following:
• Own the day-to-day relationship with the external Fund Admin team. • Perform the first review of the monthly and quarterly financial statements of Woven Capitals funds and other entities. • Prepare and self-review monthly and quarterly consolidation reporting to Toyota Motor Corporation (TMC) via a custom consolidation reporting tool. • Maintain and review accounting books and records and reconcile files in liaison with the external Fund Admin team. • Be able to analyze and assist in the reconciliation of bank statements, investment activity, income, and expense accruals, valuation adjustments, and general ledgers. • Review financial materials prior to distribution to LPs, including quarterly financial statements. • Run the expense management process from invoicing to payment. • Work with the Head of Finance on budgeting and FP&A for Woven Capital. • Support all aspects of cash management, including capital activity, including review of capital call and distribution calculations, carried interest, and management fee calculations. • Run the annual audit, tax, and other accounting and finance-related processes in liaison with external service providers, including fund administrators, auditors, and tax advisors. • Collaborate with the Portfolio Manager to prepare quarterly fair value calculations in accordance with ASC 820 of investment positions to ensure accurate and timely financial reporting in accordance with accounting principles. • Work with the Portfolio Manager on presenting materials to the Valuation Committee. • Project management and delivery by working with the Head of Finance on projects relating to accounting and operations, e.g., expense management implementation project. • Other routine accounting compliance reporting under Japan and US regulations. • Maintain and identify areas to improve internal controls and processes and identify areas for AI adoption within the Finance function. • Be able to work within Woven Capitals global team across borders and time zones with a diverse set of cultural backgrounds.
QUALIFICATIONS
Self-starter and self-learner who is comfortable with ambiguity Bachelors degree in finance, accounting, business, or related areas ~5 years experience in a similar role and a strong passion and interest in VCCVC and private financial markets Strong understanding and demonstrated experience with fair value accounting of portfolio companies and VC fund structure and accounting An accounting qualification such as a CPA Chartered Accountant required. CFA and/or an MBA are a plus but not required Strong analytical skills and data analysis are essential with spreadsheet skills Excellent organizational and project management skills Team player with strong interpersonal skills and emotional intelligence High level of integrity, a strong sense of ownership, and accountability You enjoy open communication and direct feedback Desire to work in a challenging, fast-paced environment across international time zones Japanese Language ability is a plus but not required
For positions based in Palo Alto, CA, the base pay ranges from $119,000 to $195,500 per year. Your base salary is one part of your total compensation. We offer a base salary, short-term and long-term incentives, and a comprehensive benefits package. The total compensation offered to an employee will be dependent upon the individuals skills, experience, qualifications, location, and level.
WHAT WE OFFER
We are committed to creating a modern work environment that supports our employees and their loved ones. We offer many options of the best programs to allow you to do your most meaningful work and to help you shape the future of mobility.
• Excellent health, wellness, dental, and vision coverage • A rewarding 401k program • Flexible vacation policy • Family planning and care benefits
Our Commitment
We are an equal opportunity employer and value diversity. Any information we receive from you will be used only in the hiring and onboarding process. Please see our privacy notice for more details.
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