Ok Guys. This position seems too good to be true. VC Firm as a Jr Accountant this Monday is the interview. It’s an accounting role, but it’s in a small office and the role seems to involve valuation and creative thinking (which is really the #1 draw in my opinion). Do you think if I worded this correctly it would count as work experience for the CFA?? Is this a step in the right direction? Job Description: • Recording investment transactions within the firm’s securities database and general ledger (Investran) • Interpreting the effect of venture capital transactions on partnership funds • Initiating cash transfers and disbursements • Assisting in securities valuation and month-end closing process • Assist in maintaining and establishing our custodial accounts, Board minutes and legal closing documents relating to our Indian investments. • Assisting in open new investment vehicles, bank accounts, brokerage accounts. This position has a high degree of visibility through frequent interaction with offshore administrators, custodians and banks regarding our Indian investments. Candidates must have good communication skills, be organized and detail-oriented. Requirements: 1-2 years of full-time investment accounting and/or financial operations accounting experience. • Must be able to work independently as well as part of a team. • Strong communications skills, willingness to contribute ideas, and a strong commitment to quality and hard work. • Undergraduate degree in Accounting or Finance. • Proficient in Microsoft Excel.
sucks like crap. but you do what you gotta do to get the big fights.
Key question: where will you be in 3 years if you take this role. Incidentally, I know someone who used to consult for Investran and is now D or Operations at a large VC/PE firm. Not for everyone, but makes quite a good living.
Why is it too good to be true? Doesn’t look that awesome. It’s a VC company, but this job isn’t active evaluation and picking startups.
Ok maybe not too good to be true, but it sounds like you’d be working very closely with the analysts, etc so you could potentially show you’re smart/creative enough to switch over? Well also excited because the location is in an area I could get rid of my car and live NYC. Has anyone ever taken such a role and used it as CFA experience?
the one bullet that MAY qualify is bullet 4 (Assisting in securities valuation) the other 6 bullets are essentially bullsh*t. That’s why it doesn’t look so awesome
Job Description: • Recording investment transactions within the firm’s securities database and general ledger (Investran) = book keeping • Interpreting the effect of venture capital transactions on partnership funds = impact of book keeping • Initiating cash transfers and disbursements = book keeping while sending a fax • Assisting in securities valuation and month-end closing process = book keeping on a monthly basis • Assist in maintaining and establishing our custodial accounts, Board minutes and legal closing - book keeping maintenance documents relating to our Indian investments. • Assisting in open new investment vehicles, bank accounts, brokerage accounts. = take care of the paper work and send faxes and emails to custodians I have done worst job than this (i.e. how can I help you today sir, and thank you for calling).
It’s more of a fund accounting role than anything so it most likely would not jive with the CFA’s work experience requirements. The biggest thing they want is to see that you have a hand in the investment decision making process. You could check the L3 forums and see what they’re saying about getting their work experience approved. If you need a job it’s not going to be a bad role. You will at least be working at a company that interests you and if you show enough passion and drive you could possibly transition into an analyst/FO role. You posted the HF role a few days ago. At a smaller company you would be able to transition to a good role. If you were trying to make the switch @ SAC forget about it. Unless you are highly pedigreed with a BB background forget about it.
whats with explicitly mentioning Indian investments?
Pass - looks like a book-keeper role, and just because its a big PE/VC firm doesn’t mean they will pay top dollar for support roles. don’t be stupid and think just by passing the cfa they will promote you to an analyst. but why not ask them this on your interview, where do you see somebody in the role 3, 5, 10yrs down the road, where did the last person go, etc.
Mobius Striptease Wrote: ------------------------------------------------------- > whats with explicitly mentioning Indian > investments? Yea, kinda racialist if you ask me…
no doubt
You can get it to count towards CFA experience, almost anything worded properly will count (not that that should really be any kind of deciding factor in the job that you take)… however I wouldn’t go in thinking that you’re going to be working “closely” with the analysts, they’ll provide you information to book and close the books but wont really look at the “back office” to bounce ideas off of. I would venture to guess that the “assisting in securities valuation” is pushing the limits on description of the mundane month-end close process. All said, its up to you to determine what kind of career path to follow, this will set you up better for an operations role than a buy-side analyst role.
lxwarr30 Wrote: ------------------------------------------------------- > Assist in maintaining legal > closing > documents relating to our Indian investments. Get ready for tons and tons and tons of bull crap. And if it’s in something like mining or logistics, then it’ll be raining shit.