Fund Accounting - Senior Associate

Standish Management, LLC; Los Angeles (CA); On-site; USD 80,000 - 100,000; Full time

Benefits offered by this job

Medical, dental, vision coverage

Life insurance

401K

Flexible Vacation Plan

Sick Time Accrual

Year-end office closure

Job summary

Standish Management, LLC is seeking an Accounting Assistant to support the day-to-day operations of the accounting department and prepare fund-level financial statements for domestic and offshore fund families.

You will update portfolio investment schedules, track partner equity allocations, assist with audits and tax return reviews, and help with capital calls and distribution notices to Limited Partners. Strong Excel skills and attention to detail are required.

Qualifications

• Bachelor’s degree in Accounting or Finance or related field.
• 1–2 years of experience in a full-time role.
• Strong academic performance (minimum 3.0 GPA).
• Proficiency in Microsoft Excel and MS Office applications.
• Familiarity with QuickBooks is a plus.
• Knowledge of investment accounting concepts.
• Attention to detail and accuracy.
• Ability to multitask and work in a team or individually.
• Strong communication skills and organizational ability.

Responsibilities

• Prepare financial statements for multiple fund families, domestic and offshore.
• Update portfolio investment schedules and partner equity allocations.
• Analyze complex investment transactions.
• Support semi-annual portfolio reviews and monitor compliance with partnership agreements.
• Assist with audits, tax return reviews, fundraising and annual meetings.
• Determine cash needs and initiate capital calls.
• Distribute financials, K-1s, and notices to Limited Partners.
• Support ad hoc requests from General Partners and Controllers.

Skills

Excel proficiency

Attention to detail

Multitasking

Teamwork

Communication

Organizational skills

Microsoft Office

Investment accounting concepts

Analytical thinking

Data accuracy

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

Compensation Ranges Annually (varies By City)

• Seattle: $80,000+
• LA: $80,000+
• Actual compensation will be dependent upon the individual's skills, experience and qualifications.

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