Fund Accounting Senior Associate (Private Credit)

Standish Management, LLC; Boston (MA); On-site; USD 67,000 - 81,000; Full time

Benefits offered by this job

Comprehensive medical, dental, vision

Life insurance

Health Savings Account

Flexible Spending Account options

Disability/maternity and paternity"

401K

Flexible Vacation Plan

Sick Time Accrual Plan

Year-end office closure

Flexible work environment

Job summary

Standish Management, LLC in Boston seeks an entry-level accounting professional to support the day-to-day operations of the accounting department and prepare fund-level financial statements.

You will prepare statements for domestic and offshore funds, assist with portfolio reviews, and help ensure compliance with partnership agreements. The role offers a collaborative environment and exposure to complex investment accounting.

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.
• Ability to multitask.
• Ability to work in a team and individually.
• Ability to effectively communicate to team members.
• Strong organizational skills and work ethic.

Responsibilities

• 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

Education

Bachelor's degree in Accounting or Finance related field

1-2 years of experience in a full-time role

Strong academic performance

Ability to multitask

Attention to detail

Ability to work in a team and individually

Ability to effectively communicate to team members

Strong organizational skills

Tools

Excel

QuickBooks

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

Compensation (varies by location):

• Boston: $74,000+
• Actual compensation will be dependent upon the individual's skills, experience and qualifications.