Client Treasury Senior Associate

Standish Management, LLC; Chicago (IL); On-site; USD 70,000 - 80,000; Full time

Job summary

A specialized fund administration services provider in Chicago seeks a detail-oriented professional to prepare financial statements and assist with audits for private equity funds. Candidates should possess a Bachelor’s Degree in Accounting or Finance, with 1-2 years of experience preferred. Proficiency in Microsoft Excel and strong organizational skills are crucial. The role offers a salary range of $70,000 to $80,000 annually, dependent on skills and experience.

Qualifications

• 1-2 years of experience in a full-time role.
• Strong academic performance (minimum 3.0 GPA).
• Knowledge of various investment accounting concepts.

Responsibilities

• Prepare financial statements for domestic and offshore fund families.
• Monitor compliance with complex partnership agreements.
• Assist with audits, tax return review, fundraising and annual meeting activities.

Skills

Attention to detail

Ability to multitask

Strong organizational skills

Effective communication

Education

Bachelor’s Degree in Accounting or Finance

Tools

Microsoft Excel

QuickBooks

Job description

Overview

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.

Essential Functions

• Prepare financial statements for several domestic and offshore fund families, which includes updating portfolio investment schedules, partner equity allocations and analyzing complex investment transactions
• Help with the internal semi-annual portfolio review process, analyzing and tracking partnership and portfolio company financial performance
• Monitor compliance with complex partnership agreements
• Assist with audits, tax return review, fundraising and annual meeting activities
• Determine cash needs of partnerships and initiate capital calls
• Electronically distribute financials, K1s, capital call and distribution notices to Limited Partners
• Perform special projects as requested by the General Partners and Controllers
• Interact with and respond to ad hoc limited partner requests

Minimum Requirements

• Bachelor’s Degree in Accounting or Finance related field
• 1-2 years of experience in a full-time role
• 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
• Compensation range: $70,000-80,000 annually. Actual compensation within that range will be dependent upon the individual\'s skills, experience and qualifications.