Director of SBIC Fund Accounting

Standish Management•Portland, OR

12h

About The Position

The Director at Standish manages and leads client engagements and supervises the Senior Manager, Manager, Fund Controller, Associate, and Investor Relations Associate on fund accounting, capital account maintenance, and financial statement preparation. The Director serves as the main point of contact for clients and service providers and collaborates with senior leadership to align services with client needs and Standish’s growth objectives. The role oversees client relationships and fund accounting deliverables, including financial statements, limited partner reports, investor capital activity, SBA compliance reporting, audits, and tax preparation. It also leads client engagement teams, improves SBIC fund accounting and operations processes, develops team members, and contributes expertise to senior-level strategic planning and decision-making.

Requirements

Bachelor’s degree; a concentration in Finance, Accounting, or Economics is preferred.
15 or more 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 ability to manage, mentor, and develop a team.
Experience delegating, training, and supervising staff.
Strong client management skills, including the ability to build and maintain relationships with key stakeholders.
Excellent communication and interpersonal skills and the ability to collaborate effectively across departments and with clients.
Proactive, organized, and solution-oriented, with a strong focus on accuracy and attention to detail.

Nice To Haves

Familiarity with eFront or AltaReturn.
Knowledge of SBIC accounting and SBA regulatory reporting.
CPA.

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 client limited partner reports.
Review journal entries, capital account allocations, supporting schedules, and management fee and carried interest calculations.
Analyze and review data for capital calls, distributions, and investor allocations.
Review accounting records, financial statements, supporting schedules, and waterfall calculations.
Review SBA compliance reporting, including SBA Form 468.
Oversee audit and tax preparation in coordination with clients, engagement teams, valuation firms, and outside public accounting firms.
Oversee client engagement teams to ensure deliverables are completed on time while considering efficiency and profitability.
Drive process improvements and implement best practices to improve SBIC fund accounting and operations.
Mentor, coach, and develop the fund accounting team and foster continuous learning and professional growth.
Contribute fund accounting and operations insights and recommendations to senior-level strategic planning and decision-making.