Operations and Finance Manager for Nordic venture capital firm

As Sandwater grows, we are strengthening our team with an Operations and Finance Manager. This role is essential to ensure that our fund platform runs with precision, transparency, and reliability. You will work closely with the entire Sandwater, including operations and finance and investment team and our external fund administrator. This is a unique opportunity to join a small, high-performing team and take real ownership of critical processes in a fast-evolving venture capital firm.

The role centers on supporting and managing Sandwater financial operations and investment portfolio, which includes support of existing and new investments, coordination of audit and reporting, cash flow oversight, budgeting support, investor reporting and core fund processes. The position also plays a key role in strengthening Sandwater's data?driven approach through improved data models, dashboards and automation. Over time, the right candidate can expand into broader responsibilities across both the financial side of the firm and operational work with portfolio companies. The role will be based in Oslo, Norway.

Main responsibilities:

Financial operations

• Prepare financial follow-ups, cash flow overviews, and budgeting material
• Handle payment processes and reporting for Sandwater entities
• Assist in annual audits and collaborate with auditors and legal partners

Investor relations & fund operations

• Support the fund accounting cycle, including quarterly investor reporting and coordination with the fund administrator
• Support capital calls, distributions, and other fund processes
• Support in dialogues with the Fund investors

Portfolio, transactions and reporting

• Collect KPI data from portfolio companies and maintain an updated reporting and valuation overview
• Assist the investment team on financial due diligence, transactions and valuation
• Keep internal systems structured and up to date

Building the next generation data driven venture capital firm

• Develop structured data models for portfolio and fund insights
• Build internal dashboards to support real-time decision-making
• Implement automated data flows that reduce manual work

Desired qualifications:

• Master's degree in finance, accounting, or economics with strong academic results
• Around 3-7 years of relevant experience in audit, accounting, fund administration or similar roles
• Experience from private equity, venture capital and/or transactions is a plus but not a must
• Strong analytical skills and comfortable working with financial models, statements, and datasets
• Strong proficiency in Microsoft Excel/Google Sheets
• Curiosity for tools and automation; willingness to improve systems
• Fluency in English; Scandinavian language skills are an advantage

Personal attributes:

You are structured, analytical, and detail?oriented, with a strong sense of ownership and reliability. Professional and discreet, you handle sensitive information with care. You work well independent while also thriving in close collaboration with a small team and show ambition and potential to grow together with Sandwater. In addition, you are adaptable and able to prioritize efficiently in a fast?paced environment.

Why Sandwater?

• A meaningful role in a purpose-driven successful Nordic VC fund
• Exposure to an experienced team and all aspects of investing and fund management
• Get responsibility, ability to influence and the opportunity to help shape systems and processes
• Competitive compensation and offices in Oslo

For questions, please contact Andreas Kleiven, Senior Advisor at FinancePeople, at +47 948 87 566/andreas.kleiven@financepeople.no or Svenn-Erik Warholm, Partner at FinancePeople, at +47 917 37 272/svenn-erik.warholm@financepeople.no. According to GDPR, you are requested to apply through the system and not directly to the contact person listed in this ad.

All inquiries will be treated confidentially, and all applications will be processed on a continuous basis.

Sandwater is a Nordic venture capital firm commercializing early-stage companies that solve our time's most important challenges. We back companies and founders working on high-impact technologies across themes such as productivity and resilience, energy transition and resource efficiency. We invest in companies with global ambitions and located in Northern Europe. Sandwater currently has an AUM of EUR 440m and 22 portfolio companies.

We are a focused and collaborative team with offices in Oslo and Stockholm. Our ambition is simple: To help fuel bold ideas to tackle our time's most important challenges. We invest where we can actively contribute and be a meaningful partner on the journey.