Full-Time
Standish Management
501-1,000 employees
Private equity fund administration services
Compensation Overview
$70k - $90k/yr
Mid
New York, NY, USA
- 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
- 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
- Familiarity with QuickBooks (not required, is a plus)
Standish Management provides fund administration and corporate services specifically designed for private equity firms. Their services include managing all aspects of private fund administration, which encompasses cash monitoring, asset ownership verification, and record-keeping. Standish operates by integrating closely with clients' finance teams, offering a personalized, high-touch service that caters to both established and emerging private equity managers. Unlike many competitors, Standish focuses solely on the private equity market, ensuring that they deliver specialized expertise and support for efficient back-office operations. The company's goal is to assist general partners in effectively managing their funds, whether they are small or large, by providing comprehensive administrative solutions.
Company Size
501-1,000
Company Stage
N/A
Total Funding
$972.7K
Headquarters
San Francisco, California
Founded
2007
Simplify's Take
What believers are saying
- Increased demand for ESG reporting boosts need for Standish's specialized services.
- Outsourcing back-office functions in private equity is growing, benefiting Standish.
- Complex regulatory requirements create opportunities for Standish's compliance services.
What critics are saying
- Emerging fintech companies offer automated solutions, increasing competition for Standish.
- THL's acquisition may disrupt existing client relationships or service models.
- Rebranding of CORE to Standish Compliance Services might confuse existing clients.
What makes Standish Management unique
- Standish Management is 100% employee-owned, ensuring strong alignment with client interests.
- The firm offers a high-touch, white glove approach tailored for private equity firms.
- Standish integrates seamlessly with clients' finance teams, enhancing operational efficiency.
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Benefits
Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
Health Savings Account/Flexible Spending Account
Unlimited Paid Time Off
Paid Sick Leave
Paid Holidays
401(k) Retirement Plan
Flexible Work Hours
Remote Work Options
Company News
Standish Management, LLC, the leading independent provider of fund administration services to alternative capital funds, today announced it has comple
Buyout firm Thomas H Lee Partners (THL) has agreed a deal to acquire a majority stake in US-based fund administrator Standish Management that values the business at around $1.6bn, including debt, according to a report by Reuters.