Fund Accounting - Associate

Standish Management, LLC; Los Angeles (CA); On-site; USD 62,000 - 76,000; Full time

Benefits offered by this job

Health coverage

Dental coverage

Vision coverage

Life insurance

HSA

FSA

401K

Flexible vacation

Sick time

Job summary

Standish Management, LLC is seeking associates to join its fund administration team in Los Angeles, CA. The Associate will oversee administrative support and investor relations, ranging from data entry in client reporting software to preparing quarterly LP reports and handling accounts payables/receivables for clients.

Responsibilities include data entry, filing, capital calls support, investor correspondence, and monthly bank reconciliations with LP reporting.

Qualifications

• Bachelor’s Degree in Accounting or Finance related field.
• GPA of 3.0 or higher.
• Proficiency in Microsoft Excel.
• Familiarity with QuickBooks is a plus.
• Knowledge of investment accounting concepts.
• Attention to detail.
• Ability to multitask.
• Ability to work in a team and individually.
• Strong communication with team members.
• Strong organizational skills and work ethic.

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 filing system.
• Assist with information for capital calls, distributions, and allocations to investors.
• Correspond with investors regarding fund information.
• Handle client management company accounts payables and receivables.
• Monthly bank reconciliation and quarterly reporting to Limited Partners (LPs).

Education

Bachelor’s Degree in Accounting or Finance related field

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
• A flexible work environment for all employees.

Compensation

$69,000+ Annually *Actual compensation within that range will be dependent upon the individual's skills, experience and qualifications.

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