Standish Management

Private equity fund administration services

Director of SBIC Fund Accounting

Financial AccountingConfirmed live in the last 24 hours

Full-timeNo salary listedIn-person

About the Job

Requirements

A Bachelor's degree is required; a concentration in Finance, Accounting, or Economics is preferred.
At least 15 years of public accounting experience or equivalent is required.
Working knowledge of United States Generally Accepted Accounting Principles for investment companies is required.
Leadership experience in private equity, venture capital, private credit, or fund administration is required.
A strong understanding of partnership accounting, capital activity, waterfalls, allocations, and carried interest calculations is required.
Advanced Microsoft Excel skills, including complex formulas, financial modeling techniques, and data analysis tools, are required.
The ability to leverage technology and automation tools to improve operational efficiency is required.
The ability to multitask and perform tasks under strict deadlines is required.
Demonstrated leadership experience, including the ability to manage, mentor, and develop a team, is required.
Experience delegating, training, and supervising staff is required.
Strong client management skills, including the ability to build and maintain relationships with key stakeholders, are required.
Excellent communication and interpersonal skills to collaborate across departments and with clients are required.
A proactive, organized, and solution-oriented approach, with a focus on accuracy and attention to detail, is required.

Responsibilities

Manage client relationships, including onboarding new clients, reviewing fund documents, setting up funds, and renewing existing client engagements.
Manage and oversee quarterly and annual financial statement processes and limited partner reports for clients, including reviewing journal entries, capital account allocations, supporting schedules, and management fee and carried interest calculations.
Analyze and review data for capital calls, distributions, and allocations to investors.
Review accounting records, financial statements, supporting schedules, and waterfall calculations.
Review Small Business Investment Company compliance reporting, including Small Business Administration Form 468.
Oversee audit and tax preparation processes in coordination with clients, engagement teams, valuation firms, and outside public accounting firms.
Oversee client engagement teams to ensure client deliverables are completed on time while considering engagement efficiency and profitability.
Drive process improvements and implement best practices to enhance the efficiency and effectiveness of Small Business Investment Company fund accounting and operations functions.
Mentor, coach, and develop the fund accounting team, fostering continuous learning and professional growth.
Contribute to strategic planning and decision-making at the senior leadership level by providing insights and recommendations based on fund accounting and operations expertise.

Desired Qualifications

Familiarity with eFront or AltaReturn is a plus.
Knowledge of Small Business Investment Company accounting and Small Business Administration regulatory reporting is a plus.
Certified Public Accountant credential is a plus.

Job Description:

The Director at Standish is responsible for managing and leading their client engagements. They supervise the Senior Manager, Manager, Fund Controller, Associate and Investor Relations Associate in matters of fund accounting, capital account maintenance and financial statement preparation. They are the main point of contact with the client and service providers. You will collaborate closely with senior leadership to align our services with the strategic needs of our clients and the overall growth objectives of Standish.

Essential Functions:

Manage client relationships including onboarding new clients, review of fund documents and fund set up and renewals of existing client engagements.
Manage and oversee the quarterly and annual financial statement process, as well as limited partner reports for clients, including but not limited to the review of all journal entries, capital account allocations, supporting schedules, calculations of management fees and carried interest.
Analyze and review data for Capital Calls, Distributions and Allocations to investors.
Review accounting records, financial statements and support schedules, including waterfall calculations.
Review SBA compliance reporting, including SBA Form 468.
Oversee the audit and tax preparation process working in conjunction with clients, engagement teams, valuation firms, and outside public accounting firms.
Oversee client engagement teams to make sure client deliverables are met in a timely manner keeping in mind engagement efficiency and profitability.
Drive process improvements and implement best practices to enhance the efficiency and effectiveness of the SBIC fund accounting and operations functions.
Mentor, coach, and develop the fund accounting team, fostering a culture of continuous learning and professional growth.
Contribute to strategic planning and decision-making at the senior leadership level, providing insights and recommendations based on your expertise in fund accounting and operations.

Qualifications:

Bachelor's Degree (Finance/Accounting/Economics concentration preferred)
15+ years of public accounting experience or equivalent
Working knowledge of US GAAP for investment companies
Leadership experience in private equity, venture capital, private credit, or fund administration
Strong understanding of partnership accounting, capital activity, waterfalls, allocations, and carried interest calculations
Advanced Microsoft Excel skills, including complex formulas, financial modeling techniques, and data analysis tools
Ability to leverage technology and automation tools to improve operational efficiency
Ability to multitask and perform tasks under strict deadlines
Demonstrated leadership experience, with the ability to manage, mentor, and develop a team
Experience delegating, training and supervising staff
Strong client management skills, with the ability to build and maintain relationships with key stakeholders
Excellent communication and interpersonal skills, with the ability to effectively collaborate across departments and clients
Proactive, organized, and solution-oriented, with a relentless focus on accuracy and attention to detail
Familiarity with eFront or AltaReturn a plus
Knowledge of SBIC accounting and SBA regulatory reporting a plus
CPA a plus

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

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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