StepStone is a rapidly growing Global Private Markets firm who provides customized investment and advisory solutions to some of the most sophisticated investors in the world. With $675 billion of total capital allocations, including more than $169 billion in AUM, we are highly diversified in the private markets across the globe and provide creative solutions to solve for the objectives of any investment program.  With a culture built on entrepreneurialism, partnership and being a team within teams, our firm offers joiners the opportunity to think out loud, collaboratively.

Position Overview:

The Associate will have a significant role in supporting the coordination, review, and analysis of valuation deliverables and supporting documentation for direct portfolio company investments in the Company’s VC investments. The Associate will also help facilitate the external audits by assisting with VC investment valuation-related inquiries. The Associate will work closely with the Company’s Managing Director and VC Research and Fund Accounting teams.

Essential Functions:

This hands-on, detail-oriented position will:

• Collaborate and coordinate quarterly and annual valuation work across various research and enterprise services teams
• Coordinate and review valuation deliverables and related supporting documentation
• Participate in quarterly valuation calls with VC Valuation Committee
• Interact directly with VC investment team analysts and associates to provide detailed review commentary on prepared materials, ensuring accuracy and completeness
• Assist in the review of portfolio company operating and financial performance metrics to help facilitate fair value recommendations
• Ensure portfolio company fair valuation in accordance with GAAP and with the Company’s Valuation Policy
• Ensure valuation reviews are executed and documented as required under SOX
• Compile valuation-related supporting documentation for the funds’ annual financial statement audits
• Support the investment team, fund accounting, SPAR and the third-party fund administrator, as needed, to resolve questions related to portfolio company accounting records
• Understand investment transaction documents and interpret impact on valuation and accounting records
• Understand how investments are tracked and reported in SPI Reporting to support performance reporting
• Develop working knowledge of SPI reporting and support for quarterly valuation recording in SPI Reporting
• Respond to internal and external requests in a professional and timely manner
• Perform other duties as requested or as responsibilities dictate

Education and Experience Requirements:

• Must possess a four-year college degree with a major in Accounting
• Five years of fund accounting, fund operations, or public accounting experience
• Strong Microsoft Excel experience
• Experience with Power BI, Excel, Power Pivot, and SharePoint

Knowledge, Skills, and Ability Requirements:

• Ability to multi-task and manage priorities against key deadlines in a demanding and fast paced environment
• Previous experience with Investment Company Accounting and ASC 820 Fair Valuation
• Prior experience interacting with external audit firms
• Must be able to work independently, but contribute in a team-oriented environment

About us

Working out of 26 offices in 15 countries, StepStone has a truly global viewpoint.  As people are our biggest asset, we offer resources to help our employees reach their full potential.  Our principles are based on integrity, transparency, respect and creativity, which together define how we do business.  

Join us

When you choose to work at StepStone, you'll find a group of professionals who are passionate about anticipating changes, solving problems and working together to make it all happen. Our integrated global team shares insights into how managers think and operate, as well as how they might perform.  

StepStone offers a competitive compensation package including salary and incentive compensation for all full time hires, as well as a comprehensive benefits package.

Benefits

We offer a range of benefits which include comprehensive healthcare, strong retirement plan, a mental health well-being program, paid time off, student loan repayment program for our US office locations, and several wellness initiatives.

Disclaimer / Policy Statements

At StepStone, diversity, equity and inclusion are an integral part of our culture. We are an Equal Opportunity Employer that strives to create an inclusive environment that empowers our employees and allows them to be heard, regardless of title or tenure.  Our organizational community features multiple Employment Resource Groups representing our dedication to Diversity, Equity & Inclusion.  

As an Equal Opportunity Employer, StepStone does not discriminate on the basis of race, creed, color, religion, sex, national origin, citizenship status, age, disability, marital status, sexual orientation, gender identity, gender expression, genetic information or any other characteristic protected by law.

Developing People at StepStone

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