Fund Accounting - Senior Associate

Standish Management; Raleigh (NC); Hybrid; USD 52,000 - 72,000; Full time

Benefits offered by this job

Comprehensive medical, dental, vision

Life insurance

401K

Flexible vacation plan

Sick time accrual

Standard holidays with year-end office

Flexible work environment

Job summary

Standish Management in Raleigh, NC is seeking an Accounting Associate to support day-to-day operations of the accounting department and prepare fund-level financial statements.

You will prepare statements for domestic and offshore fund families, analyze investments, and assist with audits and capital calls, working both in teams and independently in a flexible environment.

Qualifications

• 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 and ability to multitask.
• Teamwork and communication with the team.
• Strong organizational skills and work ethic.

Responsibilities

• Prepare financial statements for several domestic and offshore fund families, updating portfolio investment schedules and partner equity allocations.
• Analyze complex investment transactions and assist with internal semi-annual portfolio review process.
• 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.
• Distribute financials, K1s, capital call and distribution notices to Limited Partners.
• Perform special projects as requested by General Partners and Controllers.
• Interact with and respond to ad hoc limited partner requests.

Skills

Excel

Attention to detail

Multitask

Teamwork

Communication

Education

Bachelor's Degree in Accounting or Finance

Tools

QuickBooks

Job description

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:

• 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