Fund Controller
Standish Management, LLC · Los Angeles, CA
- On site
- Full-time
- $110,000 / year
- Los Angeles, CA
Job highlights
- Lead client financial reporting and administration.
- Manage fund accounting and capital accounts.
- Oversee audit and tax preparation processes.
- Handle investor relations and capital events.
- Utilize strong Excel and accounting software skills.
About the role
Fund Controller at Standish Management, LLC
Standish Management, LLC is a leading provider of specialized fund administration services for Managers and General Partners of private equity funds, including Buy‐out, Venture Capital, Real Estate, and Fund‐of‐Funds. We offer consulting services to help new General Partners launch their funds and administration services and technology to help established General Partners scale their fund operations rapidly and efficiently.
Job Description
The Fund Controller at Standish plays a crucial role in leading the financial reporting and administration operations for our clients. In collaboration with the Engagement Manager, you will be responsible for fund accounting, capital account maintenance, and the preparation of financial statements.
Essential Functions
- Supervise the audit and tax preparation process.
- Assist with the preparation of information and data for Capital Calls, Distributions, and Allocations to investors.
- Manage and track portfolio company financings.
- Perform cash flow management and forecasting.
- Assist with Quarterly Reporting to Limited Partners.
- Maintain investor information in third-party software systems.
- Conduct some local travel to Client sites as needed.
Minimum Requirements
- Bachelor's Degree in Finance, Accounting, Economics, or a related field.
- 2+ years of public accounting experience or equivalent.
- CPA is a plus.
- Previous Private Equity/VC experience and knowledge of Partnership Accounting are preferred.
- Proficiency in Microsoft Office applications, particularly Excel, Word, and Outlook.
- Familiarity with QuickBooks is preferred.
Key Skills/Competency
- Fund Controller
- Financial Reporting
- Fund Accounting
- Capital Calls
- Distributions
- Partnership Accounting
- Private Equity
- Venture Capital
- Financial Statements
- Excel
Skills & topics
- Fund Controller
- Fund Accounting
- Financial Reporting
- Private Equity
- Venture Capital
- Partnership Accounting
- Capital Calls
- Distributions
- Limited Partners
- CPA
- Excel
- Accounting
How to get hired
- Tailor your resume: Highlight your experience in fund accounting, partnership accounting, and public accounting. Quantify achievements where possible.
- Showcase relevant skills: Emphasize proficiency in Excel, financial statement preparation, and any experience with private equity or venture capital funds.
- Prepare for interviews: Be ready to discuss your experience with capital calls, distributions, allocations, and financial reporting for LPs.
- Demonstrate technical aptitude: Familiarity with QuickBooks and other fund accounting software will be beneficial.
- Understand the industry: Research Standish Management's services and their focus on private equity and venture capital fund administration.
Technical preparation
Behavioral questions
Frequently asked questions
- What is the primary responsibility of a Fund Controller at Standish Management?
- The primary responsibility of a Fund Controller at Standish Management is to lead the financial reporting and administration operations for clients, including fund accounting, capital account maintenance, and financial statement preparation.
- What educational background is required for the Fund Controller position?
- A Bachelor's Degree is required, preferably with a concentration in Finance, Accounting, or Economics. A CPA is considered a plus.
- Does Standish Management prefer candidates with specific industry experience for the Fund Controller role?
- Yes, previous experience in Private Equity/VC and knowledge of Partnership Accounting are preferred for the Fund Controller position.
- What software proficiency is expected for a Fund Controller at Standish Management?
- Proficiency in Microsoft Office applications, especially Excel, Word, and Outlook, is expected. Familiarity with QuickBooks is also preferred.
- What are the key financial tasks a Fund Controller will manage?
- Key financial tasks include managing fund accounting, capital account maintenance, preparing financial statements, assisting with capital calls and distributions, cash flow management, forecasting, and quarterly reporting to Limited Partners.
- Is there any client interaction or travel involved for this Fund Controller role?
- Yes, the Fund Controller may need to assist with Quarterly Reporting to Limited Partners and conduct some local travel to client sites as needed.
- What is the typical experience level sought for a Fund Controller at Standish Management?
- The minimum requirement is 2+ years of public accounting experience or equivalent, along with a Bachelor's degree in a relevant field.
- How does Standish Management support the growth of their clients' funds?
- Standish Management provides specialized fund administration services and technology solutions to help General Partners of private equity funds scale their operations efficiently. They also offer consulting services for new General Partners.
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