Nancy Levenson Email & Phone Number

Responsible for the accounting of five venture capital funds, including quarter and year end closings of each of the funds’ books and records and the preparation of quarter and year end financial statements; preparing all year end audit and tax work papers and interacting directly with outside public accountants, tax advisors and attorneys; initiating the funding of all portfolio company investments and recording such investments in the firm’s accounting system as well as in the firm’s proprietary investment database; recording quarter and year end market valuations for all portfolio company investments and for recording and reconciling all public company investment activity; organizing and preparing all SEC filing requirements related to public stock transactions and holdings; calculating and recording the interest income earned on portfolio company loans, the net present value of all earn out income and analyzing and adjusting for all funds held in escrow; recording all fund capital calls and distributions as well as allocating each of the funds’ income and expenses to fund investors using the firm’s proprietary allocation models. Responsible for managing all bank activities, including reconciling all monthly bank statements.; preparing year end 1099 tax forms for all parties to whom commissions and advisory fees have been paid by each fund; preparing various reports as requested by investors as well as fund liquidity reports and other reports as required by management. Have also been responsible for the accounting of Canaan Management, LLC, the management company that manages the operations of the Canaan funds. Responsible for converting the management company’s accounting system from MAS 90 to QuickBooks and converting the funds’ accounting system from Microsoft Dynamics SL to Accumatica. Position requires extensive organization and time management skills as well as excellent communication and analytical abilities.

Responsible for all areas of accounting and tax for the Management Company of two growing hedge funds. Responsible for converting the firm’s accounting records from QuickBooks to Great Plains and training and supervising staff on its’ use. Responsible for all tax filings, including corporate tax returns, estimated corporate tax payments and various tax withholding requirements. Responsible for preparing various ad hoc reports as requested including management company cash reports and fund liquidity reports. Also assisted with various aspects of the funds accounting, specifically relating to bank debt positions. Interacted directly with the operations area and with the outside, independent fund-servicing accounting firm. Interacted directly with outside, public accountants and tax advisors on various fund and management company issues. Position requires excellent communication skills, the ability to multi-task and strong analytical abilities.

Responsible for the review of corporate tax returns and the performance and review of tax research projects for clients in various industries.

Senior Manager, Corporate Transaction ServicesResponsible for determining the fair market value of equity and debt securities of privately held businesses for accounting, tax and corporate transaction purposes; assisting clients in various industries identify and determine the fair market value and useful lives of numerous types of intangible assets for the purpose of purchased price allocation; assisting clients in various industries evaluate inter-company transfer pricing strategies for the purpose of conforming with the then newly issued IRC Section 482 Regulations; assisting owners of privately held companies in various industries determine the fair market value of various businesses using generally accepted business valuation methods and techniques; assisting owners of privately held businesses divest of their ownership interests by preparing offering memoranda and supporting financial documentation; assisting clients by researching and compiling lists of acquisition and divestiture targets; preparing and examining prospective financial statements; and preparing financial models analyzing the strengths and weaknesses of capital structures on behalf of clients and to assist clients in analyzing the financial ramifications of acquisition and investment alternatives; assisting clients by preparing and analyzing complex financial models for the purpose of comparing and contrasting actual, projected and pro-forma financial results; developed significant financial modeling skills and proficiency in the use of Excel spreadsheets; developed proficiency in all areas of business and intangible asset valuation.

Responsible for the review of personal and corporate tax returns for clients in various industries. Obtained thorough knowledge of tax law. Gained experience in many areas of tax research. Supervised tax return preparation for an expanding tax practice.

Supervised on site audits within a wide range of industries including high technology, manufacturing, retail, financial institutions, insurance and not-for-profit institutions. Obtained expertise in financial statement preparation, preparation and presentation of client management letters, internal control evaluation and microcomputer applications. Developed excellent analytical abilities and oral and written communication skills