Full-Time
Management Company Accounting Specialist
Posted on 7/29/2024
Standish Management
501-1,000 employees
Fund administration and corporate services provider
Entry
Denver, CO, USA
This role involves accounting for management companies of venture capital and private equity funds across North America.
- Bachelor’s Degree in Accounting or Finance
- 0-1 year of accounting and general ledger experience preferred
- Proficiency in Microsoft Office applications, particularly Excel
- Familiarity with QuickBooks or other accounting software
- 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
- Perform duties for accounts payable and receivable
- Book journal entries, bank reconciliations and maintain general ledger
- Reconcile credit cards and expense reports
- Assist with monthly or quarterly reporting requirements
- Prepare 1099s and provide support for federal, state and local tax compliance
- Maintain various web-based accounting platforms
- Work on ad hoc requests from the client
Standish Management provides fund administration and corporate services specifically designed for private equity firms. Their services include managing all aspects of 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 back-office operations. The goal of Standish Management is to enhance the efficiency and effectiveness of fund administration for their clients, allowing general partners to focus on their core investment activities.
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 specialized fund administration services.
- Rise of digital assets creates opportunities for digital asset management and compliance services.
- Surge in private equity fundraising increases demand for fund administration services.
What critics are saying
- Emerging fintech companies offer automated solutions, increasing competition for Standish.
- THL acquisition may disrupt client relationships or service models.
- Private equity firms developing in-house capabilities could reduce demand for Standish's services.
What makes Standish Management unique
- Standish Management is 100% employee-owned, ensuring alignment with client interests.
- The company offers a high-touch, white glove approach tailored for private equity firms.
- Standish provides comprehensive fund administration services, including cash monitoring and asset verification.
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