Assistant Controller

Assistant Controller

First Round is a venture capital firm that works with founders exclusively at the earliest stages of company building. We fill in where we can until the team is filled out, tackling crucial early hiring and equipping those who are great at building product with the skills to sell it, too. By getting the foundational firsts right, we increase the odds of finding extreme product-market fit. Our founders' "imagine ifs" have turned into companies like Notion, Roblox, Uber, and Square.

We're searching for an Assistant Controller to join our Finance Team and help us steward the capital that powers First Round's investments. You'll play a key role in overseeing our fund administrators, supporting valuations and reporting, and making sure our LPs get the transparency and accuracy they expect. Experience in asset management is highly preferred. This role is based in Philadelphia, and we ask that you be in the office at minimum Tuesday, Wednesday, and Thursday.

Your Core Role as an Assistant Controller Will Include :

• Oversee quarterly and annual financial statements and partner capital statements prepared by our fund administrators.
• Review valuation adjustments and support the Investment Team with quarterly portfolio reporting.
• Coordinate with auditors and tax advisors during annual audit and tax cycles.
• Support investor reporting and respond to LP due diligence questionnaires.
• Oversee our third-party KYC / AML compliance provider to ensure timely onboarding and monitoring.
• Assist with capital calls, distributions, and other fund operations.
• Maintain accurate records, cap tables, and documentation across funds.
• Assist the Investment Team with decision-making by analyzing financing documents and understanding capitalization structures.
• Jump in on other projects that keep the finance function and firm running smoothly.

You Could Be a Great Assistant Controller at First Round If :

Our Values

At First Round, we value resourcefulness, team-play, excellence and hustle. To give you a sense of what our team is all about, check out our values that guide our work :