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Associate - Chicago

  • Job
    Full-time
    Entry Level / Graduate
  • Banking & Finance
  • Chicago

AI generated summary

  • The ideal candidate for this Associate position should have a Bachelor's Degree in Accounting or Finance, strong academic performance, proficiency in Excel and Microsoft Office, knowledge of investment accounting concepts, attention to detail, multitasking abilities, strong organizational skills, and the ability to effectively communicate and work both in a team and individually. Familiarity with QuickBooks is also a plus.
  • The candidate will be responsible for data entry, maintaining filing systems, preparing information for capital calls, corresponding with investors, managing accounts payables and receivables, reconciling bank accounts, and quarterly reporting to Limited Partners.

Requirements

  • Bachelor’s Degree in Accounting or Finance related field
  • 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

  • Data entry of financial and client information into recordkeeping system
  • Serve as an essential part of the fund administration team
  • Responsible for maintaining and updating various filing system
  • Assisting with the preparation of information and data for capital calls, distributions, and allocations to investors
  • Corresponding with investors’ requests regarding the fund information
  • Responsible for the clients’ management companies accounts payables and receivables
  • Monthly reconciliation of bank accounts and quarterly reporting to the Limited Partners

FAQs

What are the main responsibilities of an Associate at Standish Management in Chicago?

The main responsibilities of an Associate at Standish Management in Chicago include overseeing administrative support for client funds, managing investor relations, data entry into client reporting software, compiling quarterly reports for limited partners, handling investor correspondence, and addressing accounts payables and receivables for clients.

What qualifications are required to become an Associate at Standish Management in Chicago?

Qualifications for becoming an Associate at Standish Management in Chicago include a bachelor's degree in finance, accounting, business, or related field, experience in fund administration or investor relations, strong attention to detail, excellent communication skills, proficiency in Microsoft Office and client reporting software, and the ability to work effectively in a team environment.

What kind of guidance can an Associate expect from team members at Standish Management in Chicago?

An Associate can expect guidance from team members at Standish Management in Chicago on fund administration best practices, client fund specifics, investor relations strategies, client reporting requirements, and overall support in managing client accounts efficiently and accurately.

What are the growth opportunities for an Associate at Standish Management in Chicago?

The growth opportunities for an Associate at Standish Management in Chicago include potential advancement to a Senior Associate role, opportunities to take on more responsibilities in fund administration and investor relations, the chance to work with a diverse range of clients and funds, and the ability to contribute to the growth and success of Standish Management's fund administration team.

Standish is a provider of specialized fund administration services for Private Equity Funds

Venture Capital & Private Equity
Industry
501-1000
Employees
2007
Founded Year

Mission & Purpose

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. From our start in 2007, we have grown steadily and currently administer more than 1,000 funds with clients who have in excess of $100 billion in committed capital under administration.