Management Company Senior Accounting Specialist

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.

The Management Company division of Standish Management is looking for a Sr. Accounting Specialist to add to our team! In this role you will do accounting for the management companies of various venture capital and private equity funds across North America.

Responsibilities

• Perform duties for accounts payable and receivable
• Book journal entries, bank reconciliations and maintain general ledger
• Reconcile credit cards and expense reports
• Assist with monthly or quarterly reporting requirements
• Prepare 1099s and provide support for federal, state and local tax compliance
• Maintain various web-based accounting platforms
• Work on ad hoc requests from the client
  
  

Qualifications And Experience

• A Bachelor’s Degree in Accounting or Finance preferred
• 3-4 years of accounting and general ledger experience preferred
• Proficiency in Microsoft Office applications, particularly Excel
• Familiarity with QuickBooks or other accounting software
• 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
  
  

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
  
  

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 eligibility after 3 months
• Flexible Vacation Plan
• Sick Time Accrual Plan
• 8-10 standard holidays along with year-end office closure
• We provide a flexible work environment for all employees. Employees can choose to be classified as “flex remote” or “flex office”
• Compensation range: $70,000-80,000 annually. Actual compensation within that range will be dependent upon the individual's skills, experience and qualifications.