Fund Accountant


  • Team: Finance
  • Salary: $100k + super
  • Location: Sydney or Melbourne, with flexibility to work remotely
  • Closing: 3:50pm, 23rd Nov 2022 AEDT

Job Description

Salary: A$100,000 p.a. plus super

Location: Sydney or Melbourne, with flexibility to work remotely

About the Role

At Blackbird, our mission is to be a generational owner of the most ambitious tech companies founded by Aussies and Kiwis. To match this ambition as we grow, we are constantly striving to build a world-class Operations function to empower the wider Blackbird team to deliver on key initiatives and to ensure that we are a transparent and fully-compliant financial services organisation.

We are looking for a high-performing, detail-oriented Fund Accountant who will assist with the day-to-day financial operations of the Blackbird Funds. You will work closely with our Fund Accountant, Sam Broadley and report to our Fund Accounting Manager, Sue Zann Wong.

This role is full-time, based in our Sydney or Melbourne office with the flexibility to work from home.

Role Responsibilities

Here is an overview of the type of work the role will encompass:

  • Financial reporting: Reconciling the Funds’ balance sheets. Preparing the Funds’ quarterly Net Asset Value Statements. Assisting with the audit and preparing the draft financial statements. Preparing capital account statements for investors.

  • Tax compliance: Compiling information for the external tax advisers and managing the process of disseminating tax statements to investors. Preparing quarterly BAS reports for the Funds. Reviewing the Funds’ tax returns prepared by the external tax advisers.

  • Cash management: Forecasting the Funds’ cash needs for capital calls. Ensuring that all capital calls have been received from investors, and all distributions have been successfully paid to investors.

  • Investor relations: Answering any queries investors might have on their investment holdings or the Blackbird Funds, including regulatory reporting for our institutional investors. Assisting with the creation of quarterly investor packs and compiling fund performance metrics.

  • Process improvement: Constantly looking for ways to streamline and automate our processes as we scale. Assist with the implementation of a new fund accounting system.

Position Requirements

Ideally, you would have hands on and proven experience in fund accounting, with a strong foundation in financial operations such as reconciliations, tax and reporting. Experience with Xero helps, though it is not essential.

Your background is less important than the key skills, which include:

  • Reconciliations: The ability to reconcile differences between the books and sources of truth, and taking action to resolve those differences in a timely manner.

  • Investment knowledge: Familiarity with concepts such as carried interest, IRR hurdle rates and investment revaluations.

  • Technical accounting and tax knowledge: A solid working knowledge of accounting standards and tax legislation.

  • Proficiency in Excel/Google Sheets: Be comfortable working with spreadsheets on a day-to-day basis.

  • Communication: The ability to communicate well with both internal and external stakeholders.

  • Ownership: The ability to take ownership of assigned tasks, including thorough self-review of work.

  • Attention to detail: Being extremely detail-oriented and organised.

  • Hospitality mindset: A hospitality mindset, whether it’s helping out a colleague above and beyond your role, or providing great customer service to our founders and investors.

We’re looking for someone who is as passionate as us about building an iconic investment business. You must have a high ownership mentality and the ability to take responsibility for goals and outcomes.

Working at Blackbird

We believe that building a diverse and inclusive team is critical to Blackbird’s success. We do not discriminate on the basis of race, religion, national origin, gender identity or expression, sexual orientation, age, or marital, veteran, or disability status. We use Applied to ensure every applicant gets an equal chance of success.

We offer:

  • Flexible working: Whether it’s working from home or leaving early to pick up the kids from daycare or school.

  • Generous parental leave: Generous (and equal) parental leave: We know family comes first, and we are proud to offer 20 weeks of parental leave for all parents, with no minimum tenure. In addition, we offer IVF, adoption and surrogacy leave. We also continue to pay superannuation and vest carried interest for up to 12 months of parental leave, and offer a supportive return-to-work policy to help with the ramp back.

  • Learning & Development Budget: Our team is hungry to continuously learn and you’ll receive a budget to spend on whatever you’d like to learn - from coding courses to meditation.

  • Unplugged weekends: We work hard without letting work get in the way of life. We’ve implemented no Slack or emails on weekends, so you can switch off and enjoy yourself.

  • A share of Blackbird’s success: We think it is important to share successes with the whole team. All Blackbird employees receive carry in funds raised and ownership in management companies formed while they are at the firm.

Blackbird is a Pledge 1% member —  we pledge 1% of our time, equity and profits to help not-for-profit causes in our community. Through Pledge 1%, we established the Blackbird Foundation to supercharge the creative capabilities of young people.

In 2021, we were recognised in top 5 technology workplaces in the AFR Best Places to Work List, as well as winning Best Employee Experience.

About Blackbird

Blackbird is Australia's biggest venture capital fund whose mission is to supercharge Australia and New Zealand’s most ambitious founders. We do this by raising venture capital funds, investing into the best startup companies and helping them succeed. We have a portfolio valued at over $7B, including some of the most successful Australian and Kiwi startups such as Canva, Safety Culture and Culture Amp.

We are inspired by investment firms such as Berkshire Hathaway and Bridgewater Associates. Like the companies we back, we want to build a business that lasts for decades and produces excellent returns for our investors. Most of all, we want to support our region’s most talented founders build category-defining technology companies.

We’ve written a lot about what we love at Blackbird, so check out our blog if you want some more information about us. In particular, you should read about our mission and values, our master plan, Blackbird’s Operating Principles (BOPs) and what we look for in founders.

Removing bias from the hiring process

  • Your application will be anonymously reviewed by our hiring team to ensure fairness
  • You won't need a CV to apply to this job

Applications closed Wed 23rd Nov 2022


Removing bias from the hiring process

  • Your application will be anonymously reviewed by our hiring team to ensure fairness
  • You won't need a CV to apply to this job

Applications closed Wed 23rd Nov 2022