Assistant Controller

Toyota Research Institute

Toyota Research Institute

Accounting & Finance
Los Altos, CA, USA · San Francisco, CA, USA · Los Altos, CA, USA · San Francisco, CA, USA
Posted on Thursday, June 27, 2024
Founded in 2017, Toyota Ventures is a San Francisco Bay Area-based venture capital firm with approximately $800M+ AUM that invests in early-stage startups around the world in frontier and climate technologies. We are on a mission to discover what’s next for Toyota by helping startups bring groundbreaking technologies and business models to market quickly. We’ve invested in over 75 companies to date, including Bipi (acquired), Blackmore (acquired), AM Batteries, Common Sense Machines, Ecolectro, Elementary, Joby Aviation (NYSE: Joby), May Mobility, and Revel.
Our firm is growing, and we’re looking for an ambitious assistant controller to join us on this journey. The role will report to the controller and will be responsible for reviewing the Toyota Ventures’ entities’ general ledgers, quarterly reporting, portfolio company valuation, tax returns, and preparation of compliance filings and ad hoc projects. This position will also act as a bridge between Toyota Ventures and groups internal and external to Toyota, including finance, legal, tax advisors, and auditors.
It’s a critical role in a fast-moving, exciting environment. The ideal candidate is a highly organized team player with at least 10 years of accounting experience with a minimum of six years of relevant hands-on VC partnership accounting experience. Other qualifications include a bachelor’s degree in business administration or a related field, an accounting degree and experience with partnership taxes, and public accounting experience. We are a growing team that embraces a culture of acting with integrity, clear communication, and bold thinking. If you’re looking for a challenging but fun opportunity, come join us.


  • Review of entities’ general ledgers, including journal entries for management fees, investment valuations changes, other expense accruals in accordance with GAAP, month, quarter, and fiscal end year closes, account reconciliations and flux analysis.
  • Assist with financial reporting packages, including fund financials, quarterly financial presentations, and LP reporting.
  • Must be familiar with partnership accounting, capital account reconciliation, capital account statement preparation roll forward, and tax workpapers roll forward.
  • Must be able to analyze capital account statements from our Fund-of-Fund investments and its implications.
  • Help document, implement and maintain appropriate accounting policies, processes and internal controls.
  • Improve existing processes, controls, and documentation, suggest and implement improvements to scale and automate manual procedures
  • Work with our parent company’s Accounts Payable department to help manage fund expenses and management expenses
  • Prepare LP capital calls and distributions
  • Support cash management and treasury functions, including preparation of wire transfers to portfolio companies
  • Be able to maintain and track actuals against budget
  • Assist with quarterly and annual fund reporting and consolidation
  • Assist with annual tax return preparation and other ad hoc federal, state and compliance-related filing requirements
  • Collaborate with key-cross-functional partners including our deals team, legal, finance and others on a variety of projects
  • Support the accounting team on critical accounting projects, including the implementation of system improvements and other ad-hoc items
  • Assist in technical accounting matters to support the organization, specifically accounting and reporting the appropriate application of U.S. GAAP
  • Assist in financial reporting during the month-end, quarterly, and fiscal close process
  • Perform ad-hoc projects as needed
  • Able to work with minimal supervision


  • Bachelor's degree in accounting and 6-10+ years of experience in a related position with experience in venture capital
  • Big 4 public accounting preferred
  • CPA, or CPA candidate preferred, with a strong understanding of U.S. GAAP and fair value accounting
  • Strong accounting skills related to partnership accounting and capital account allocations
  • Analytical proficiency in G-Suite and Excel
  • Strong communication skills
  • Strong analytical and problem solving skills, proactive and faces challenges head-on
  • Detail oriented and highly accurate
  • Organized and meticulous, excellent time management and organizational skills
  • Team player
  • Strong work ethic
The pay range for this position at commencement of employment is expected to be between $155,000 and $185,000/year for California-based roles; however, base pay offered may vary depending on multiple individualized factors, including market location, job-related knowledge, skills, and experience. Note that TRI offers a generous benefits package (including 401(k) eligibility and various paid time off benefits, such as vacation, sick time, and parental leave) and an annual cash bonus structure. Details of participation in these benefit plans will be provided if an employee receives an offer of employment.