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Labcorp is seeking a Venture Fund Accountant - New Ventures and Strategic Alliances to join our team in Durham, NC!
Work Schedule: Day shift hours at our Research Triangle Park location with hybrid work model availability.
Job Responsibilities:
Labcorp is investing in the future of healthcare by teaming up with founders and startups across the healthcare continuum to drive more innovative care for all. Reporting to the Director, New Ventures & Strategic Alliances, the Venture Fund Accountant will work closely with Labcorp's New Ventures & Strategic Alliances team and play a key role within the Venture Fund team. With an 12+ year history, the Labcorp Venture Fund has made over 90 direct investments and deployed over $300M in capital to date in early stage, private companies operating in areas of strategic or adjacent spaces making healthcare more accessible, data-driven, and personalized. The Venture Fund Accountant will be responsible for managing the financial records of venture capital funds for over 50 active investments, ensuring accurate reporting, compliance, and supporting investment decisions.

• Financial Record Keeping: Maintain accurate financial records for venture capital funds, including tracking investments, expenses, and returns.
• Fair Value Return Calculation: Calculate and reconcile the fair value and fair value return for all active direct and indirect investments based on valuations defined in sequential financing, updated cap tables, and quarterly capital statements.
• Financial Reporting: Prepare and distribute periodic financial statements, reports, and presentations for the Investment Committee (IC), Finance, Accounting and Audit.
• Accounting and Audit Facilitation: Assist in annual accounting and audit activities by collecting requested documentation, K-1s, etc. and liaising with internal accounting and audit teams.
• Compliance: Ensure compliance with accounting standards and legal requirements, maintaining the operational integrity of the fund.
• KPI Oversight: Track and maintain a record of deal flow/deals sourced, track and update KPIs across the portfolio, soliciting and collecting biannual updates from portfolio companies for records and updates to the IC.
• Treasury liaison: communicate upcoming financings to Treasury, prepare closing package and wire form for direct and indirect investments.
• NVSA support: assist with deal pro formas, as applicable.

Minimum Qualifications:

• Bachelor's degree in accounting, finance, or business.
• 1 or more years of experience in accounting or investment funds.
• 1 or more years of experience with Excel.

Preferred Qualifications

• 3 or more years of experience in accounting or investment funds.
• 3 or more years of experience with Excel.
• Certified Public Accountant (CPA) designation

Additional Job Standards

• Ability to track monthly capital allocation and portfolio fair market value; build out and update KPI dashboards tracking fund strategic return & goals.

• Ability to solve problems and manage complex financial data.
• Ability to perform with a high level of accuracy and attention to detail in financial reporting and record-keeping.
• Ability to communicate effectively and interact with the Venture Fund Investment Committee, Labcorp Executives, portfolio company c-suites, other venture funds, and Labcorp finance, accounting and auditors.
• Ability to work independently and collaboratively within a team environment.

Labcorp is a global leader in life sciences and diagnostics, committed to advancing health and improving lives. At Labcorp, you can expect the following:

• Innovative Environment: Join a leading healthcare organization committed to driving innovation through strategic investments to help improve health and improve lives
• Global Impact: Contribute to the future of healthcare by investing in pioneering companies that can transform patient care
• Collaborative Culture: Work in a dynamic, inclusive environment that values diverse perspectives and fosters collaboration

Pay Range: $85k - $120k annually (USD)
All job offers will be based on a candidate's skills and prior relevant experience, applicable degrees/certifications, as well as internal equity and market data.
Benefits: Employees regularly scheduled to work 20 or more hours per week are eligible for comprehensive benefits including: Medical, Dental, Vision, Life, STD/LTD, 401(k), Paid Time Off (PTO) or Flexible Time Off (FTO), Tuition Reimbursement and Employee Stock Purchase Plan. Employees regularly scheduled to work less than 20 hours, Casual, Intern, and Temporary employees are only eligible to participate in the 401(k) Plan. Employees who are regularly scheduled to work a 7 on/7 off schedule are eligible to receive all the foregoing benefits except PTO or FTO. For more detailed information, please click here.

• Relocation assistance available.

Labcorp is proud to be an Equal Opportunity Employer:
Labcorp strives for inclusion and belonging in the workforce and does not tolerate harassment or discrimination of any kind. We make employment decisions based on the needs of our business and the qualifications and merit of the individual. Qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), family or parental status, marital, civil union or domestic partnership status, sexual orientation, gender identity, gender expression, personal appearance, age, veteran status, disability, genetic information, or any other legally protected characteristic. Additionally, all qualified applicants with arrest or conviction records will be considered for employment in accordance with applicable law.
We encourage all to apply
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