Fund Controller (SBIC)

Standish Management, LLC; Chicago (IL); On-site; USD 85,000 - 105,000; Full time

Benefits offered by this job

Medical/Dental/Vision

401K

Flexible vacation

Sick time accrual

Year-end holidays

Flexible work environment

Job summary

Standish Management, LLC seeks a Fund Controller to lead financial reporting and administration for private equity clients, including capital calls, distributions, and allocations. You will oversee fund accounting, capital accounts, and SBA regulatory oversight in collaboration with the Engagement Manager.

The role requires 2+ years in public accounting, US GAAP knowledge, and strong communication skills. Travel to client sites is possible, with a flexible benefits package and competitive

Qualifications

• Bachelor's Degree in Finance/Accounting/Economics preferred.
• 2+ years of public accounting experience or equivalent.
• Experience preparing or reviewing fund financial statements under US GAAP.
• Ability to multitask and perform tasks under strict deadlines.
• Ability to work in a team and individually.
• Professional verbal and written communication skills.
• Attention to detail and strong organizational skills.

Responsibilities

• Lead financial reporting and administration operations for clients.
• Oversee fund accounting, capital account maintenance, and SBA regulatory oversight.
• Supervise audit and tax preparation processes.
• Assist with capital calls, distributions and allocations to investors.
• Manage portfolio company financings and cash flow forecasting.
• Prepare quarterly reports for Limited Partners.
• Maintain investor information in third party systems.

Skills

Public accounting experience

US GAAP knowledge

Financial reporting

Communication skills

Attention to detail

Multitasking

Education

Bachelor's Degree in Finance/Accounting/Economics

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

The Fund Controller at Standish works with other team members to lead the financial reporting and administration operations of our clients. In conjunction with the Engagement Manager, the Fund Controller is responsible for fund accounting, capital account maintenance, financial statement preparation, and SBA regulatory oversight for clients.

Essential Functions

• Supervision of the audit and tax preparation process
• Assisting with the preparation of information and data for Capital Calls, Distributions and Allocations to investors
• Detailed management and tracking of portfolio company financings
• Cash flow management and forecasting
• Assisting with the Quarterly Reporting to the Limited Partners
• Maintenance of investor information in third party software systems
• Assisting with the review/preparation of SBA regulatory reports (i.e. Form 468 / Capital Certificates / Leverage Draws, etc.)
• Some local travel to Client sites as needed

Minimum Requirements

• Bachelor's Degree (Finance/Accounting/Economics concentration preferred)
• 2+ years of public accounting experience or equivalent
• Experience preparing or reviewing fund financial statements under US GAAP
• Ability to multitask and perform tasks under strict deadlines
• Ability to work in a team and individually
• Professional verbal and written communication skills
• Attention to detail and strong organizational skills

Stand Out Qualifications

• CPA
• Understanding of loan-level accounting mechanics (PIK, OID, amortization schedules, first lien/second lien structures)
• Understanding of NAV calculations, management fee computations, and waterfall mechanics outlined in legal documents
• Private Equity/Venture Capital experience
• Knowledge of Partnership Accounting
• Familiarity with QuickBooks

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 range: $85,000-105,000 annually. Actual compensation within that range will be dependent upon the individual's skills, experience and qualifications.