Jobleads-US is hiring: Fund Accounting & Operations Analyst in San Francisco
Jobleads-US, San Francisco, CA, United States
WHO WE ARE
Fremont Group is the San Francisco-based private investment office for the Bechtel family. Fremont Group was formed in 1980 as the investment arm of the Bechtel Group, a leading global engineering, construction, and project management company founded in 1898. Bechtel remains a private company and is in its fifth generation of family leadership.
Fremont’s investment strategy is to identify opportunities with the potential for superior returns, with a focus on investing for the long term. Fremont Group’s success as an investor has been based upon the values of integrity, teamwork, innovation, and sound judgment. Fremont invests directly through teams of professionals it sponsors as well as through other external managers. Fremont considers itself as a “business investor” due to its operating orientation and its commitment to partnership with its managers and portfolio companies to create value over the medium to long term.
Fremont Group has assets under management across a broad array of asset classes, investing in fund of funds and directly, and has a unique and long-term focus in its investment program. This is an opportunity to work amongst and learn from a dynamic team with vast experiences.
CULTURE OF LEARNING, INCLUSION AND OUTREACH
Fremont fosters a welcoming and inclusive culture that values each individual’s unique ideas, perspectives, and backgrounds. We feel that all our employees have ideas worth hearing and we have created a collaborative and collegial environment in which we are able to do our best work.
We believe that our firm is only as good as its people. This is why we invest so heavily in our employees' ongoing education and career development. Mentorship is one of Fremont’s core values and we take the development and growth of our people seriously. Employees at all levels and functions receive support to help them grow their technical and business expertise relative to their functional area. As a relatively smaller organization, employees can make a visible impact on the firm and take their careers to the next level.
Outreach and philanthropy are at the core of what we do and who we are as members of our community. Through the Fremont Group Foundation (FGF), Fremont offers various ways for employees to participate, including employee organized volunteer events, an annual fundraiser and volunteer day for core organizations, and our Annual Giving Month, to name a few. We also offer generous donation matching and service awards for employees who volunteer and/or serve on the governing board of an eligible organization.
WHY THIS ROLE IS IMPORTANT TO US
The role of the Analyst on the Finance & Operations (FAO) team is critical to maintaining the financial integrity and operational efficiency of Fremont Group’s investment vehicles. This position is pivotal in ensuring the accuracy of accounting records and the timely execution of financial transactions. By supporting the accounting and operational needs of multi-strategy private equity investment funds, the Analyst directly contributes to the integrity of the Funds’ financial statements, which are foundational to informed decision-making by our investment teams, executive leadership, and clients.
This role is essential not only for internal operations but also for upholding the integrity of the financial data we share with our clients. By ensuring that all transactions are meticulously recorded and reported, the Analyst helps maintain the trust and confidence that our clients place in Fremont's management of their investments.
Ultimately, this role drives the mission of Fremont by ensuring that all financial activities align with the strategic goals of the organization, contributing to the long-term success and growth of the firm.
WHAT SUCCESS LOOKS LIKE ON THIS TEAM
Success on this team means consistently delivering accurate, high-quality work that supports the financial integrity of Fremont Group’s investment vehicles. This role is essential to ensuring that accounting records are meticulously maintained, financial statements are reliable, and FAO operations run smoothly. Success is defined by the ability to meet tight deadlines in a cyclical workload environment while remaining resilient under pressure. The ideal candidate will demonstrate independence, proactively address potential accounting issues, and contribute to the ongoing enhancement of operational processes, ultimately driving greater efficiency and precision across the board.
YOUR CONTRIBUTIONS
The success of Fund Accounting and Operations at Fremont Group relies heavily on accuracy and integrity of fund accounting data, efficiency, care and collaboration with other teams driving Fremont Group mission.
The following outlines the tangible contributions of a successful candidate within the typical life cycle of an Analyst at Fremont Group.
The Analyst will support the day-to-day efforts of the broader FAO team. Initially they will be assigned to assist with the accounting and operational needs of a ~$1.9B multi-strategy private equity investment fund and related underlying private fund vehicles. Assignments and responsibilities detailed here are subject to change based on the needs of the broader FAO team.
- Save and catalogue any documents related to fund investments within the firm’s instance of Microsoft SharePoint
- Retrieve, save, and catalogue bank statements
- Monitor monthly cash transactions with custodian bank and reconcile bank accounts
- Maintain books/records within Sage Intacct and/or Allvue along with supporting workpapers
- Support interim quarter-end accounting closes and reporting
- Assist with providing cash flow forecasting as needed
- Support preparation of year-end audited financial statements
WHO YOU’LL WORK WITH
You will join the Fund Accounting and Operations (FAO) Team, a well-integrated group of seven like-minded professionals who work closely together to achieve shared goals. Our team culture is highly collaborative, vibrant, and supportive. We value open communication, transparency, and trust, with team members quick to offer help without being asked. We hold ourselves to high standards of quality and are committed to continuous improvement.
The FAO team works cross-functionally with various departments, including Investment Teams, Executive Leadership, Strategic Finance and Analytics, Tax, and Legal. Our work also directly impacts Client Services accounting, Corporate Accounting, and Fremont’s clients.
As part of the FAO Team, you will find a close-knit environment that invests in your professional growth. We believe in taking the time to train and coach, so you can continue to develop your technical skills, build meaningful relationships, and cultivate your leadership style in a role where your contributions truly matter.
COMPENSATION & BENEFITS
This is a full-time, exempt position. Fremont offers highly competitive compensation packages, commensurate with related work experience and education. Fremont also offers excellent benefits for eligible employees available on date of hire. Current benefits include but are not limited to: medical (PPO, HMO and HDHPs); dental and vision coverage; 401(k) with 5% employer match plus an annual employer contribution; life insurance; disability insurance; HSA contribution when enrolled in HDHP; Flexible Savings Account (FSA); dependent care account; transit/parking assistance; flexible time off/vacation (no caps); paid medical leave; 20 weeks of paid parental leave; a generous child care stipend for qualified families; infertility benefit; an employee assistance program (EAP) including access to financial advice, mental health services, and health advocacy services, and ongoing education assistance. In support of our organization’s core values, Fremont offers paid time off to volunteer for nonprofit organizations as well as direct grants and matching grants for employee contributions to tax exempt organizations.
ADDITIONAL INFORMATION
- Employees must be available to work in person, Tuesday – Thursday, in our San Francisco office.
Key Proficiencies
- Accountability and responsibility for workload
- Ability to communicate and collaborate effectively
- Continuous improvement mindset
- Hard working with positive attitude
- Detail oriented and able to multi-task
- Ability to spot errors and inconsistencies in financial data
- Adaptable to changes in priorities or responsibilities
- Curious with a high aptitude for learning
- Uphold Fremont values, integrity, and professionalism.
- Contribute to an inclusive, collaborative environment
- Strong organizational skills and the ability to manage multiple tasks simultaneously
- Openness to learning and taking on new challenges
- Ability to follow instructions
- Ability to grow in the fund accounting environment
- Have an understanding of US GAAP and financial reporting
- Intermediate proficiency with Microsoft Excel
- Experience with accounting systems and financial statements audits is a plus
- Familiarity with investment vehicles is a plus