Job description

Ada Ventures is a new venture capital firm, directly authorised and regulated by the FCA. We have a management company (Ada Partners LLP), and manage a fund (Ada Ventures I LP) along with four other fund-related entities. 

Finance

• Responsibility for our fund accounting

  • Annual fund financial statements (via fund administrators) and audit (via auditors)

  • Quarterly LP reporting (via fund administrators)

• Responsibility for portfolio company reporting which will involve capturing portfolio company performance data and KPIs monthly/quarterly, evaluating performance and also preparing short write ups for investor quarterly reports on each portfolio company

• Monitor investment portfolio construction and also fund cash management planning for the fund including initiating drawdowns and distributions.  

• Day-to-day responsibility for the firm’s P&L/ general finances including preparation of annual budget for partnership, reviewing actual performance against budget and preparing monthly management accounts package for partner meetings. 

• Manage bank account and dealing with payments including expenses are appropriately authorised 

• Responsible for managing relationship with HMRC and dealing with income tax and PAYE & NI filings 

• Manage the relationship with Rees Pollock (fund accountants), FD Works (partnership accountants), NCM (fund administrators) and Auditors (Rees Pollock)

• Oversee LP reporting portal and also responsible for dataroom during fundraising

Regulatory & Compliance

• FCA relationship and compliance

  • Quarterly FCA (GABRIEL) regulatory reporting

  • Maintenance of FCA (Connect, GABRIEL) systems

• Manage the relationship with Newgate, our outsourced compliance advisory firm

  • Responsibility for the Newgate compliance software system

  • Responsibility for internal compliance training monitoring

• Carry out KYC and other regulatory checks on investors during fundraising

Operations

• Some additional operational tasks and responsibilities as you might expect in a start-up VC firm eg setting up and running D&O and PI insurance, workplace pension schemes, premises management, etc

Considerations 

• This is an important operational role, and specifically not a path to an investment role within Ada Ventures 

• You will need to be highly detail orientated

• You will need to be financially qualified for this role (e.g. ACA, CIMA, etc.)

• You will need to be a self-starter and entrepreneurial 

• You’ll be representing Ada in the market so we will need you to subscribe to our culture and standards of behaviour 

• We are an FCA regulated firm and there are high standards of behaviour conduct which you will need to adhere to

• We are open to discussing flexible working.

Benefits

You'll benefit from:

• Opportunity to join the long-term (carried interest) incentive plan after 12 months

• Parental leave for employees that have been with the fund for more than 12 months 

• Training & development budget per employee

• Private healthcare and dental 

• Pension contribution 

• Other non financial benefits TBD

• 25 days holiday per year excluding Christmas and New Year

Next steps

All you need to do is start the process by clicking on the yellow button on the top right.

You’ll answer some questions that are related to your day-to-day job. After the job closes, your answers will go through our sift process: all answers will be anonymised, randomised and then reviewed by a panel of reviewers.

If you are shortlisted, we’ll invite you to the next step, which includes virtual meetings with the partners at Ada. Also, we love giving feedback, so at the end of the application process, we'll let you know how well you performed.

Expected duration of this application process: 4 weeks.

The start-date for this role can be flexible to accommodate the successful candidate, with an ideal start-date of 11th January 2021.