Management Company Controller
Standish Management, LLC · Boston, MA
- On site
- Full-time
- $120,000 / year
- Boston, MA
Job highlights
- Oversee accounting for fund management companies.
- Manage client onboarding and service delivery.
- Supervise accounting staff and their performance.
- Handle accounts payable and expense reporting.
- Provide client support and financial guidance.
About the role
Management Company Controller
Standish Management, LLC, a specialized fund administration services provider for Managers and General Partners of private equity funds, is seeking a Management Company Controller. This role will oversee the accounting for management companies of various venture capital and private equity funds across North America. We assist new General Partners with fund launches and provide administration services and technology to help established General Partners scale their fund operations.
Responsibilities
- Oversee accounting function for multiple management company clients.
- Onboard new clients and implement preferred system platforms and processes.
- Supervise Accounting Associates and Senior Accounting Associates.
- Manage accounts payable and client expense reporting functions.
- Review journal entries, bank reconciliations, and supporting work papers.
- Process and record payroll.
- Provide monthly or quarterly reporting to Management.
- Process 1099s and assist with federal, state, and local tax compliance.
- Assist with annual budgeting and forecasting process as needed.
- Work closely with clients to satisfy ad hoc requests and provide excellent customer service.
- Work closely with Fund Teams to settle intercompany receivables and payables.
- Function as the primary contact for clients.
Minimum Requirements
- A Bachelor’s Degree in Accounting or Finance.
- Four or more years of public and/or private accounting experience.
- Proficiency in Microsoft Office applications, particularly Excel.
- Familiarity with QuickBooks.
- Ability to work independently as well as with a team.
- Comfortable resolving technology issues with IT support teams.
- Excellent communication and customer service skills.
- Confidence with problem-solving and analytical skills to provide guidance to clients.
- Ability to be proactive in offering support and suggestions to clients.
- Knowledge of QuickBooks, Bill.com, expense reporting software, and payroll systems (preferred).
- Previous Alternative Investment experience (preferred).
Key skills/competency
- Management Company Controller
- Fund Administration
- Private Equity Accounting
- Venture Capital Accounting
- Financial Reporting
- Client Service
- Team Leadership
- Accounting Software
- Tax Compliance
- Financial Analysis
Skills & topics
- Management Company Controller
- Fund Administration
- Private Equity
- Venture Capital
- Accounting
- Finance
- Controller
- Financial Reporting
- Client Service
- QuickBooks
How to get hired
- Tailor your resume: Highlight your accounting degree, 4+ years of experience, and software proficiency (Excel, QuickBooks).
- Showcase client-facing skills: Emphasize communication, problem-solving, and customer service experience.
- Detail relevant software knowledge: Mention QuickBooks, Bill.com, and payroll systems if applicable.
- Prepare for interviews: Be ready to discuss your analytical skills and experience with fund accounting.
Technical preparation
Master Excel for financial analysis.,Become proficient in QuickBooks and Bill.com.,Understand fund accounting principles.,Practice payroll processing and tax compliance.
Behavioral questions
Describe a complex client issue you resolved.,How do you manage multiple client priorities?,How do you ensure accuracy in financial reporting?,Tell me about a time you mentored a junior accountant.
Frequently asked questions
- What is the primary focus of the Management Company Controller role at Standish Management?
- The primary focus of the Management Company Controller at Standish Management is to oversee the accounting functions for the management companies of various venture capital and private equity funds across North America. This includes managing client relationships, supervising accounting staff, and ensuring accurate financial reporting.
- What are the essential qualifications for the Management Company Controller position at Standish Management?
- Essential qualifications include a Bachelor's Degree in Accounting or Finance, four or more years of public and/or private accounting experience, proficiency in Microsoft Office (especially Excel), and familiarity with QuickBooks. Strong communication, problem-solving, and analytical skills are also critical.
- What is considered preferred experience for the Management Company Controller role at Standish Management?
- Preferred experience includes knowledge of QuickBooks, Bill.com, expense reporting software, and payroll systems. Previous experience in Alternative Investments is also highly regarded for this Management Company Controller position.
- How does Standish Management support new General Partners?
- Standish Management provides consulting services to help new General Partners accelerate their fund launches, in addition to their full fund administration services. This ensures a smooth and efficient start for new fund managers.
- What kind of clients does Standish Management serve?
- Standish Management serves Managers and General Partners of private equity funds, including Buy-out, Venture Capital, Real Estate, and Fund-of-Funds. They also work with established General Partners looking to scale their fund operations.
- What software proficiency is required for the Management Company Controller?
- Proficiency in Microsoft Office applications, particularly Excel, is required. Familiarity with QuickBooks is also a minimum requirement. Knowledge of additional software like Bill.com and payroll systems is preferred.
- What are the key responsibilities of the Management Company Controller regarding client interaction?
- The Management Company Controller acts as the primary contact for clients, working closely with them to satisfy ad hoc requests, provide excellent customer service, and offer guidance based on their analytical and problem-solving skills. Proactive support and suggestions are also expected.