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Portfolio Operations Associate, Venture Capital

Portfolio Operations Associate, Venture Capital

Clocktower GroupSanta Monica, CA, US
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Job Description

Job Description

Clocktower Group is an alternative asset management and advisory firm based in Santa Monica, California, with a presence in London and Shanghai. Our top-down macro framework and relationship-based investing approach inform our strategies and drive the way we do business. In public markets, we seed macro-oriented managers and invest in China-focused equities managers. In private markets, we invest in early stage fintech and climate disrupters. We also provide global macro research and advisory services.

Clocktower Ventures

Clocktower Ventures, the venture investing arm within Clocktower Group, partners with phenomenal entrepreneurs who have the vision and drive to innovate across two domains : financial services and climate change. Across these verticals, our stage-agnostic approach offers investment exposure from the earliest stages of company formation all the way to late-stage growth underwriting. The model empowers investors to source and evaluate actionable opportunities across a wide latitude of sectors and stages.

We are seeking a Portfolio Operations Associate to join our Santa Monica office. In this role, you will be charged primarily with supporting all aspects of the firm’s portfolio and fund management operational needs, ranging from deal execution to portfolio data collection to investor reporting. We are a team committed to advancing an elite venture capital organization—and this position is a central part of our team. This is a role with significant day one responsibility and requires an organized, entrepreneurial mind who wants to be challenged and stretched. You will be an important part of the broader Operations team with a focus on our venture capital strategies. If you are passionate about technology and take pride in delivering excellence, we want you to join us.

What you’ll do :

  • Portfolio Management.

You will provide transactional and operational support, playing an integral role in executing venture investments, including coordinating financing agreement reviews, operational reviews, treasury management, and wire process.

  • You will manage operational and investment cash flows – budgeting expected capital calls on a quarterly basis and monitoring cash flows relative to deal activity on a weekly basis.
  • You will oversee the various data aggregation tools, including the third-party platforms for portfolio monitoring & fund cash flows.
  • Fund Operations.
  • You will lead the quarterly valuation process, working with other operations team members and interfacing closely with the investment team.  To be effective, you will compile comprehensive portfolio views, collect essential data and prepare ad-hoc financial models, analyses and presentations on each portfolio company.

  • You will assist with the operational aspects of launching new fund products and co-investment vehicles, including onboarding service providers, opening bank accounts, and coordinating with legal counsel on entity formation and fund documents.
  • You will assist the operations team and our fund administrators on the quarterly NAV accounting for our funds. This includes maintaining a shadow book to verify and approve the administrators’ calculations, applying the investment valuation that was determined, and working with the funds’ auditors to finalize the annual audited financials.
  • You will collaborate with other Operations team members and the firm’s management in reviewing tax filings for its various entities and advising on relevant tax aspects of the firm’s investment activities in addition to other ad-hoc tasks.
  • Reporting & Systems Development.
  • You will own the end-to-end portfolio data management process to help our team better understand the health of our portfolio. You will lead the collection, input, tracking, and quality control of company financials & KPI data. You will implement and execute best practices for storing portfolio company & fund-level data, efficiently updating and reporting data across various workflows and functions of the Firm. In these efforts, you will support the team in deriving meaningful insights into our existing book – both at the company and fund level.

  • You will aggregate portfolio company and fund / firm data in tables, slides, and charts for quarterly webinars.
  • You will drive the build-out of our internal systems and databases, incorporating new technologies and leveraging AI capabilities.
  • Requirements :

  • 1-3 years’ work experience in investment operations or as a financial / business data analyst at an investment manager, accounting firm, inside a company, or within a credit / commercial bank.
  • B.S. / B.A. in business, economics, finance, accounting, financial engineering or a related area with a demonstrated ability to understand technical systems and company financials.
  • You are fully proficient in MS Office, and an expert in Excel. Visualization (PowerBI / PowerApps) and Database (Dataverse / SQL) skills preferred.
  • You have meaningful reps of in-depth financial modeling and corporate valuation; you have an ability to analyze trends and company performance beyond a financial statement.
  • You are relentlessly attentive to detail and display an unquestioned work ethic.
  • You can run fast and make things happen — you can be super-productive in a highly independent way.
  • You maintain a commitment to honesty and hold yourself accountable to the highest standards.
  • This position requires being onsite at our Santa Monica office at least three days per week.
  • What you’ll get :

  • All the resources you’ll need to learn and grow.
  • Independence to run with your ideas.
  • Joining an elite team that works with some of the most sophisticated investors and entrepreneurs in the world.
  • World-class benefit programs, including options for health, dental, vision, disability, life insurance, 401K plan (with matching), generous vacation, and sick leave.
  • Delicious, daily lunches and snacks.
  • Beautiful office space with amazing ocean views.
  • Clocktower Group is an equal opportunity employer and makes employment decisions without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, disability status, or any other status protected by law.

    While the roles at Clocktower are primarily desk-based and do not typically require significant physical demands, employees in these positions should be able to :

  • Sit for extended periods.
  • Use a computer and other office equipment effectively.
  • Occasionally lift and move lightweight office supplies or materials.
  • Salary Range : $90,000-$115,000. Compensation may vary based on experience, training, and education. This position is eligible for an annual discretionary bonus.

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