Fund Accounting - Senior Associate

Standish Management; Dallas (TX); On-site; USD 65,000 - 90,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

Life insurance

Health Savings Account (HSA)

Flexible Spending Account (FSA)

401K

Job summary

Standish Management in Dallas, TX, is seeking a fund accounting assistant to support the day-to-day accounting operations and prepare fund-level financial statements. You will update portfolio schedules, analyze investment transactions, and assist with audits, tax returns, and capital calls, collaborating with Managers and Partners.

Strong Excel skills and attention to detail are essential. This role offers a collaborative environment with exposure to domestic and offshore fund families and

Qualifications

• Bachelor's Degree in Accounting or Finance.
• 1-2 years of full-time experience.
• Strong GPA (minimum 3.0).
• Excel proficiency.
• Familiarity with investment accounting concepts.
• Attention to detail and ability to multitask.
• Ability to work in a team and communicate effectively.
• Strong organizational skills and work ethic.

Responsibilities

• Prepare financial statements for domestic and offshore fund families.
• Update portfolio investment schedules and partner equity allocations.
• Analyze complex investment transactions.
• Assist with semi-annual portfolio reviews and performance tracking.
• Monitor compliance with partnership agreements.
• Assist with audits, tax review, fundraising and meetings.
• Determine cash needs and initiate capital calls.
• Distribute financials, K-1s, and notices to Limited Partners.
• Interact with GP/Controllers and respond to ad hoc requests.

Skills

Accounting knowledge

Excel proficiency

Attention to detail

Multitasking

Teamwork

Communication

Organizational skills

Work ethic

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.

Job Description:

Reporting to one of the managers, this position will assist in the day-to-day operations of the accounting department and prepare fund-level financial statements.

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

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