Fund Accounting - Associate

Standish Management; Boston (MA); On-site; USD 58,000 - 70,000; Full time

Benefits offered by this job

401K

Flexible Vacation Plan

Sick Time Accrual Plan

Year-end office closure

Flexible work environment

Job summary

Standish Management is seeking associates to join its fund administration team in Boston. The Associate will oversee administrative support and investor relations for client funds, handling data entry, reporting, and accounts payable/receivable tasks with guidance from team members.

The role involves preparing capital call information, distributions and allocations, and communicating with investors. Collaboration and accuracy are essential in supporting fund operations for private equity clients.

Qualifications

• Bachelor's degree in accounting or finance.
• Minimum 3.0 GPA.
• Proficiency in Microsoft Office, especially Excel.
• Familiarity with QuickBooks is a plus.
• Knowledge of investment accounting concepts.
• Attention to detail and strong organizational skills.

Responsibilities

• Data entry of financial and client information into the recordkeeping system.
• Serve as an essential part of the fund administration team.
• Maintain and update various filing systems.
• Prepare information for capital calls, distributions, and allocations to investors.
• Correspond with investors' requests regarding fund information.
• Manage clients' accounts payables and receivables.
• Monthly bank reconciliations and quarterly reporting to Limited Partners.

Skills

Accounting

Finance

Attention to detail

Multitasking

Teamwork

Communication

Organizational skills

Education

Bachelor’s Degree in Accounting or Finance related field

GPA 3.0

Tools

Excel

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
• Flexible Vacation Plan
• Sick Time Accrual Plan
• Standard holidays along with year-end office closure
• We provide a flexible work environment for all employees.

Compensation: $64,000+

*Actual compensation will be dependent upon the individual's skills, experience and qualifications.