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Base is a next-generation power company deploying distributed battery networks to transform the electrical grid. The company finances its batteries through tax equity partnerships, structures that allow outside investors to fund battery deployments in exchange for tax benefits and returns while Base builds, installs, and operates the fleet.
This is a new role building Base's fund accounting function from the ground up. You will own all fund-level accounting and financial reporting for Base's tax equity funds, including capital account maintenance, HLBV (hypothetical liquidation at book value) calculations, income and loss allocations, and distribution waterfall accounting. You'll lead monthly, quarterly, and annual close processes for each fund, ensuring accurate financial results and reconciliation between fund-level records and corporate accounting in NetSuite.
Key responsibilities include:
- Designing and implementing fund accounting infrastructure, including chart of accounts, close procedures, reconciliation frameworks, accounting policies, and internal controls to support scalability and audit compliance
- Preparing and maintaining audit-ready accounting support, including K-1 schedules, capital account statements, financial statement workpapers, and responses to auditor and investor inquiries
- Accounting for and reconciling capital activity, fundings, distributions, management fees, and other fund transactions, ensuring alignment between financial models and the general ledger
- Partnering with asset management, capital markets, and tax counsel as new tax equity funds are structured to ensure accounting requirements are built in from day one
- Identifying opportunities to automate manual processes as fund count and complexity grow
You'll work closely with the asset management and capital markets team on fund structuring and with corporate accounting on tie-outs between entities. As Base adds tax equity funds and other structured-finance vehicles, this role's scope grows accordingly. Base is a startup where priorities shift quickly; your role may expand or change based on business needs.
REQUIREMENTS:
- 3–6+ years in fund accounting, partnership accounting, or tax equity accounting at a fund administrator, sponsor or developer, bank, or accounting firm
- Working knowledge of partnership accounting mechanics: capital accounts, HLBV, income and loss allocations, and waterfall structures
- Tax equity or renewable energy experience is a strong plus
- Comfort owning a monthly close process end to end with no one behind you to catch mistakes
- Experience preparing for or supporting an audit: schedules, reconciliations, and answering auditor questions directly
- Excel fluency, plus comfort with or willingness to learn NetSuite and BigQuery
- Ability to build a process where none exists; comfort writing SOPs as well as following them
