Fund Accounting - Senior Associate

Standish Management, LLC; Seattle (WA); On-site; USD 72,000 - 88,000; Full time

Benefits offered by this job

Medical, dental, vision

401K

Flexible vacation

Sick time accrual

Year-end office closure

Flexible work environment

Job summary

Standish Management, LLC in Seattle seeks a Fund Accounting Associate to support day-to-day accounting for domestic and offshore fund families. You will prepare fund‑level financial statements and assist with portfolio analysis.

The role emphasizes attention to detail, multitasking, and teamwork in a fast-paced environment; prior QuickBooks familiarity is a plus. A Bachelor’s degree in accounting or finance and 1–2 years of experience are required.

Qualifications

• Bachelor’s degree in Accounting or Finance 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.
• Familiarity with QuickBooks is a plus.
• Knowledge of investment accounting concepts.

Responsibilities

• Prepare financial statements for several domestic and offshore fund families, updating investment schedules and equity allocations.
• Assist with the semi-annual portfolio review process and track financial performance.
• Monitor compliance with partnership agreements.
• Assist with audits, tax return reviews, fundraising and annual meeting activities.
• Determine cash needs of partnerships and initiate capital calls.
• Distribute financials, K-1s, capital calls and notices to Limited Partners.
• Perform ad hoc LP requests and special projects.

Skills

Excel proficiency

Accounting knowledge

Attention to detail

Multitasking

Teamwork

Communication skills

QuickBooks familiarity

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
• We provide a flexible work environment for all employees

Compensation

$80,000+ Annually

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