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Senior Associate - Boston

  • Job
    Full-time
    Junior Level
  • Accounting & Tax
  • Boston

AI generated summary

  • You need a Bachelor's degree in Accounting or Finance, 1-2 years of experience, strong academic performance, proficiency in Excel, and knowledge of investment accounting concepts for this role. Attention to detail, multitasking, teamwork, communication, organization, and work ethic are key.
  • You will prepare financial statements, analyze investment transactions, track performance, monitor compliance, assist with audits and tax returns, distribute financial documents, and handle ad hoc requests for a variety of fund families.

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

Responsibilities

  • 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

FAQs

What is the main responsibility of a Senior Associate in this role?

The main responsibility is to assist in the day-to-day operations of the accounting department and prepare fund-level financial statements.

Who will the Senior Associate report to?

The Senior Associate will report to one of the managers in the accounting department.

What skills are necessary for this role?

Skills necessary for this role include strong accounting knowledge, attention to detail, ability to work in a fast-paced environment, and proficiency in financial statement preparation.

Is this a full-time position?

Yes, this is a full-time position based in Boston.

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.