Assistant Controller

About First Round

First Round is a venture capital firm that works with founders exclusively at the earliest stages of company building, often when all they have is an “imagine if.” 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:

• You sweat the details. Numbers, statements, and disclosures are precise because you make sure nothing slips through the cracks.
• You’re comfortable in the weeds. You can reconcile partner capital, review valuations, and analyze fund models.
• You’re proactive. You don’t just process — you anticipate what’s needed and bring solutions forward.
• You can navigate ambiguity. Fund accounting isn’t always black and white, and you’re resourceful when situations shift.
• You’re curious about the investment side. You’re eager to analyze financing documents, understand complex cap tables, and provide insights that help the Investment Team make better decisions.
• You’re collaborative. You thrive working with our Controller, CFO, auditors, and fund admins to get things right.
• You’re dependable. You know LPs and leadership are counting on you, and you deliver consistently.
• You’re growth-minded. You want to deepen your expertise in venture fund accounting and grow into greater responsibility over time.
• You work well around high performers. You keep professionalism and diplomacy top of mind, especially in high-stakes founder contexts.

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:

• Try harder for founders. They’re our customers — LPs are our shareholders. Going above and beyond for our founders is what we do. We strive to be a founder's most valuable investor. We respond to their emails in hours, not days. We build candidate pipelines, unprompted. We arrange meal deliveries when they become a new parent. Simply put, we go above and beyond to earn that right to be their first call every time there’s a bump in the road.
• Give your unvarnished opinions and unwavering support. We strive to be kind, not nice. One of the most (counterintuitively) compassionate things you can do is to offer your unvarnished opinion — along with your unwavering support. That willingness to risk a fleeting moment of discomfort in exchange for someone else’s growth is long-term kindness.
• Treat the little things like big things. Everything can always be made better. We’re all about the carefully crafted, the nitty-gritty, and the bespoke. Whether it’s hand cutting each nameplate, or debating the optimal shape of the dinner table, no detail is too small to sweat.
• Make speed a habit. Whatever you’re building, remember that now is better than two weeks from now. We’re fans of starting small and iterating quickly. No matter what we’re launching, you’ll likely hear this question in a meeting: “How soon can we get something out there?”
• Invent and wander. Never stop experimenting. The best ideas are born out of experimentation. Our flagship programs have always come from our penchant for going out on a limb and approaching problems with a different perspective.
• Build wider doorways and longer tables. We're in the business of backing people and betting on their ideas — no matter where they come from. While talent is evenly distributed, opportunity is not. First Round is dedicated to building a diverse and inclusive workspace and we encourage people from underrepresented groups to apply!