Standish Management

Private equity fund administration services

Fund Controller - Sbic

Financial AccountingConfirmed live in the last 24 hours

Full-timeChicago, IL, USA$85k - $105k /yrIn-person

About the Job

Requirements

A bachelor's degree is required; a concentration in Finance, Accounting, or Economics is preferred.
At least 2 years of public accounting experience or equivalent is required.
Experience preparing or reviewing fund financial statements under United States Generally Accepted Accounting Principles is required.
Ability to multitask and perform tasks under strict deadlines is required.
Ability to work both in a team and individually is required.
Professional verbal and written communication skills are required.
Attention to detail and strong organizational skills are required.

Responsibilities

Supervise the audit and tax preparation process.
Assist with preparing information and data for capital calls, distributions, and allocations to investors.
Manage and track portfolio company financings in detail.
Manage and forecast cash flow.
Assist with quarterly reporting to limited partners.
Maintain investor information in third-party software systems.
Assist with reviewing and preparing Small Business Administration regulatory reports, including Form 468, capital certificates, and leverage draws.
Travel locally to client sites as needed.

Desired Qualifications

Certified Public Accountant credential.
Understanding of loan-level accounting mechanics, including payment-in-kind, original issue discount, amortization schedules, and first-lien and second-lien structures.
Understanding of net asset value calculations, management fee computations, and waterfall mechanics outlined in legal documents.
Private equity or venture capital experience.
Knowledge of partnership accounting.
Familiarity with QuickBooks.

Job Description:

The Fund Controller at Standish works with other team members to lead the financial reporting and administration operations of our clients. In conjunction with the Engagement Manager, the Fund Controller is responsible for fund accounting, capital account maintenance, financial statement preparation, and SBA regulatory oversight for clients.

Essential Functions:

Supervision of the audit and tax preparation process
Assisting with the preparation of information and data for Capital Calls, Distributions and Allocations to investors
Detailed management and tracking of portfolio company financings
Cash flow management and forecasting
Assisting with the Quarterly Reporting to the Limited Partners
Maintenance of investor information in third party software systems
Assisting with the review/preparation of SBA regulatory reports (i.e. Form 468 / Capital Certificates / Leverage Draws, etc.)
Some local travel to Client sites as needed

Minimum Requirements:

Bachelor's Degree (Finance/Accounting/Economics concentration preferred)
2+ years of public accounting experience or equivalent
Experience preparing or reviewing fund financial statements under US GAAP
Ability to multitask and perform tasks under strict deadlines
Ability to work in a team and individually
Professional verbal and written communication skills
Attention to detail and strong organizational skills

Stand Out Qualifications:

CPA
Understanding of loan-level accounting mechanics (PIK, OID, amortization schedules, first lien/second lien structures)
Understanding of NAV calculations, management fee computations, and waterfall mechanics outlined in legal documents
Private Equity/Venture Capital experience
Knowledge of Partnership Accounting
Familiarity with QuickBooks

Benefits:

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
A flexible work environment for all employees

Compensation Range: $85,000 - $105,000 annually.

*Actual compensation within that range will be dependent upon the individual's skills, experience and qualifications.

About the Company

Standish Management

Private equity fund administration services

Standish Management provides comprehensive fund administration and corporate services for private equity firms. It operates with a high-touch, white-glove approach that seamlessly integrates with clients' finance teams, handling all aspects of private fund administration regardless of fund size or maturity. Its services include cash monitoring, asset ownership verification, record-keeping, and other back-office tasks, delivered globally to both established and emerging private equity managers. Unlike rivals, Standish is designed by CFOs for CFOs, offering a 360-degree, end-to-end solution across fund families and delivering tailored, expert support to optimize back-office operations. The company aims to be a trusted, global partner for private equity managers by providing reliable, expert administration and corporate services that ensure efficient fund management.

Company size: 501-1,000
Company stage: Not listed
Total funding: $972.7K
Headquarters: San Francisco, CA
Founded: 2007

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