Associate

Standish Management; Chicago (IL); On-site; USD 62,000 - 67,000; Full time

Benefits offered by this job

Comprehensive medical, dental, vision coverage

401K eligibility after 3 months

Flexible Vacation Plan

Sick Time Accrual Plan

8-10 standard holidays

Job summary

Dormont Manufacturing Co is seeking an Associate for their fund administration team in Chicago, Illinois. The role involves administrative support for client funds, including data entry, financial reporting, and investor correspondence.

This position demands a Bachelor's Degree in Accounting or Finance and strong competency in Microsoft Excel. Benefits include medical coverage, 401K eligibility, and a flexible vacation plan, with a compensation range of $62,000-$67,000 annually.

Qualifications

• Strong academic performance with a minimum 3.0 GPA.
• Ability to effectively communicate with team members.
• Knowledge of various investment accounting concepts.

Responsibilities

• Data entry of financial and client information.
• Serve as an essential part of the fund administration team.
• Correspond with investors regarding fund information.

Skills

Accounting knowledge

Microsoft Excel proficiency

Attention to detail

Multitasking ability

Strong organizational skills

Education

Bachelor’s Degree in Accounting or Finance

Tools

QuickBooks

Job description

We are a provider of specialized fund administration services for Managers and General Partners of private equity funds, specifically: Buy‑out, Venture Capital, Real Estate and Fund‑of‑Funds. For new General Partners, we provide consulting services to help accelerate the launch of their funds in addition to our full fund administration services. For established General Partners, we provide administration services and technology to whole fund families or select funds, to help scale their fund operations rapidly and efficiently.

Position Overview

Standish Management is looking for associates to join our fund administration team. With
guidance from the team members, the Associate oversees the administrative support and the
investor relations related to client funds. These responsibilities range from data entry into the
client reporting software to compiling quarterly reports for limited partners and from investor
correspondence to addressing the accounts payables and receivables for the clients.

Responsibilities

• Data entry of financial and client information into recordkeeping system
• Serve as an essential part of the fund administration team
• Responsible for maintaining and updating various filing system
• Assisting with the preparation of information and data for capital calls, distributions,
  and allocations to investors
• Corresponding with investors’ requests regarding the fund information
• Responsible for the clients’ management companies accounts payables and receivables
• Monthly reconciliation of bank accounts and quarterly reporting to the Limited Partners

Qualifications and Experience

• Bachelor’s Degree in Accounting or Finance related field
• Strong academic performance (minimum 3.0 GPA)
• Proficiency in Microsoft Office applications, particularly Excel
• Familiarity with QuickBooks (not required, is a plus)
• Knowledge of various investment accounting concepts
• Attention to detail
• Ability to multitask
• Ability to work in a team and individually
• Ability to effectively communicate to team members
• Strong organizational skills and work ethic

Benefits Include

• Comprehensive medical, dental, vision coverage, along with life insurance, Health Savings Account and Flexible Spending Account options
• Comprehensive disability/maternity and paternity plans
• 401K eligibility after 3 months
• Flexible Vacation Plan
• Sick Time Accrual Plan
• 8-10 standard holidays along with year-end office closure

*Compensation range $62,000-67,000 annually. Actual compensation will be dependent upon the individual’s skills, experience and qualifications.