Director of SBIC Fund Accounting

Standish Management, LLC; Dallas (TX); On-site; USD 180,000 - 280,000; Full time

Benefits offered by this job

Comprehensive health benefits

401K

Flexible vacation plan

Sick time accrual

Year-end office closure

Flexible work environment

Job summary

Standish Management, LLC in Dallas, TX is seeking a Director to lead client engagements and oversee fund accounting, capital account maintenance, and financial statement preparation. You will supervise a team including Senior Manager, Manager, Fund Controller, and Associates, acting as the main client contact and collaborating with senior leadership on strategic growth.

The role emphasizes managing the end-to-end financial reporting process, ensuring accuracy, timeliness, and adherence to SBA

Qualifications

• Bachelor's degree in Finance/Accounting/Economics preferred.
• 15+ years of public accounting experience or equivalent.
• US GAAP knowledge for investment companies.
• Leadership experience in PE/VC/private credit or fund administration.
• Strong knowledge of partnership accounting, capital activity, waterfalls, allocations and carried interest.

Responsibilities

• Manage client relationships including onboarding new clients, review of fund documents and renewals of client engagements.
• Oversee quarterly and annual financial statement process and LP reports, including journal entries, capital allocations and management fees.
• Analyze data for capital calls, distributions and allocations to investors.
• Review accounting records, financial statements and support schedules, including waterfall calculations.
• Oversee audit and tax preparation with clients and external firms.
• Mentor and develop the fund accounting team to support growth objectives.

Skills

Leadership

Advanced Excel

Communication

Team mentoring

Client management

Process improvement

Education

Bachelor's degree in Finance/Accounting/Economics

Tools

eFront

AltaReturn

Job description

Job Description

The Director at Standish is responsible for managing and leading their client engagements. They supervise the Senior Manager, Manager, Fund Controller, Associate and Investor Relations Associate in matters of fund accounting, capital account maintenance and financial statement preparation. They are the main point of contact with the client and service providers. You will collaborate closely with senior leadership to align our services with the strategic needs of our clients and the overall growth objectives of Standish.

Job Description

The Director at Standish is responsible for managing and leading their client engagements. They supervise the Senior Manager, Manager, Fund Controller, Associate and Investor Relations Associate in matters of fund accounting, capital account maintenance and financial statement preparation. They are the main point of contact with the client and service providers. You will collaborate closely with senior leadership to align our services with the strategic needs of our clients and the overall growth objectives of Standish.

Essential Functions

• Manage client relationships including onboarding new clients, review of fund documents and fund set up and renewals of existing client engagements.
• Manage and oversee the quarterly and annual financial statement process, as well as limited partner reports for clients, including but not limited to the review of all journal entries, capital account allocations, supporting schedules, calculations of management fees and carried interest.
• Analyze and review data for Capital Calls, Distributions and Allocations to investors.
• Review accounting records, financial statements and support schedules, including waterfall calculations.
• Review SBA compliance reporting, including SBA Form 468.
• Oversee the audit and tax preparation process working in conjunction with clients, engagement teams, valuation firms, and outside public accounting firms.
• Oversee client engagement teams to make sure client deliverables are met in a timely manner keeping in mind engagement efficiency and profitability.
• Drive process improvements and implement best practices to enhance the efficiency and effectiveness of the SBIC fund accounting and operations functions.
• Mentor, coach, and develop the fund accounting team, fostering a culture of continuous learning and professional growth.
• Contribute to strategic planning and decision-making at the senior leadership level, providing insights and recommendations based on your expertise in fund accounting and operations.

Qualifications

• Bachelor's Degree (Finance/Accounting/Economics concentration preferred)
• 15+ years of public accounting experience or equivalent
• Working knowledge of US GAAP for investment companies
• Leadership experience in private equity, venture capital, private credit, or fund administration
• Strong understanding of partnership accounting, capital activity, waterfalls, allocations, and carried interest calculations
• Advanced Microsoft Excel skills, including complex formulas, financial modeling techniques, and data analysis tools
• Ability to leverage technology and automation tools to improve operational efficiency
• Ability to multitask and perform tasks under strict deadlines
• Demonstrated leadership experience, with the ability to manage, mentor, and develop a team
• Experience delegating, training and supervising staff
• Strong client management skills, with the ability to build and maintain relationships with key stakeholders
• Excellent communication and interpersonal skills, with the ability to effectively collaborate across departments and clients
• Proactive, organized, and solution-oriented, with a relentless focus on accuracy and attention to detail
• Familiarity with eFront or AltaReturn a plus
• Knowledge of SBIC accounting and SBA regulatory reporting a plus
• CPA a plus

Benefits

• Comprehensive medical, dental, vision coverage, along with life insurance, Health Savings Account and Flexible Spending Account options
• Comprehensive disability/maternity and paternity plans
• 401K
• Flexible Vacation Plan
• Sick Time Accrual Plan
• Standard holidays along with year-end office closure
• A flexible work environment for all employees