Senior Associate

Standish Management, LLC; Town of Boston (NY); On-site; USD 70,000 - 90,000; Full time

Benefits offered by this job

Medical, dental, vision coverage

401K

Paid holidays

Flexible vacation plan

Sick time accrual

Job summary

Standish Management, LLC is seeking a Fund Accounting Associate to support day-to-day operations in the accounting department and help prepare fund-level financial statements for private equity funds, including domestic and offshore families.

You will assist with portfolio reviews, partnership compliance, audits, tax returns, fundraising, and capital calls, while distributing documents to Limited Partners and collaborating with the General Partners and Controllers.

Qualifications

• Bachelor’s degree in accounting or finance required.
• 1–2 years of full-time experience.
• Strong academic performance (≥3.0 GPA).
• Proficient in Microsoft Excel.

Responsibilities

• Prepare financial statements for domestic and offshore fund families, update portfolios and allocations.
• Assist with semi-annual portfolio review and track financial performance.
• Monitor compliance with partnership agreements.
• Assist with audits, tax returns, fundraising and annual meetings.
• Determine cash needs and initiate capital calls.
• Distribute financials, K-1s, and notices to Limited Partners.
• Handle special projects for General Partners and Controllers.
• Respond to ad hoc limited partner requests.

Skills

Attention to detail

Multitasking

Teamwork

Communication skills

Organizational skills

Excel proficiency

Education

Bachelor’s Degree in Accounting or Finance related field

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 Ranges Annually (varies By City)

• New York City: $70,000 - $90,000
• Boston: $74,000+
• Actual compensation will be dependent upon the individual's skills, experience and qualifications.