Senior Associate

Standish Management, LLC; Los Angeles (CA); On-site; USD 72,000 - 88,000; Full time

Job summary

Standish Management, LLC in Los Angeles is seeking an Accounting Associate to assist with the accounting department's day-to-day operations. Responsibilities include preparing fund-level financial statements, monitoring compliance with partnership agreements, and assisting with audits. A Bachelor’s Degree in Accounting or Finance is required, along with 1-2 years of relevant experience and proficiency in Microsoft Excel. The role offers a starting annual compensation of $80,000, dependent on skills and experience.

Qualifications

• 1-2 years of experience in a full-time role.
• Strong academic performance (minimum 3.0 GPA).

Responsibilities

• Prepare financial statements for domestic and offshore fund families.
• Assist with audits, tax return review, and fundraising activities.
• Interact with limited partners and respond to ad hoc requests.

Skills

Attention to detail

Ability to multitask

Teamwork

Proficiency in Microsoft Office (Excel)

Knowledge of investment accounting

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

Compensation starting at $80,000 annually. Actual compensation will be dependent upon the individual's skills, experience and qualifications.

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