Fund Accountant
Fund Accountant
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Salary Not Disclosed
1 Vacancy
Job Description
Our team is partnered with a private market investment firm in Chicago whose Fund Accounting team is growing! Seeking a Fund Accountant to join this collaborative group that is combining deep expertise with an entrepreneurial approach to multiasset class investing. This role will give you the opportunity to play a strategic role in the investment world.
Responsibilities:
- Assist in the preparation of monthly and quarterly accounting and reporting packages including fundlevel net asset values and investor capital statements for the firms private credit and equity investment funds
- Process bank transactions including the monitoring and reconciliation of monthly loan collections fund distributions fund expenses while maintaining such activity in the general ledger
- Provide financial information and reporting to internal management external counterparties and investors
- Coordinate investor transactions including subscriptions and redemptions with fund administrator
- Monitor expense budgets and accruals
- Coordinate with external auditors on agreedupon procedures work and annual audits/financial statement preparation
- Collaborate on projects to improve overall efficiencies and accounting procedures
- Interact with senior management corporate accounting operations analysts and legal
- Assist in Corporate Accounting filing obligations
Required skills and qualifications:
- Bachelors degree in accounting or related field required. CPA or CPAeligible with intention to obtain certification preferred.
- 4 years of fund accounting or audit experience; with at least 2 years at a Big 4 or Top Tier Public Accounting firm
- Knowledge of U.S generally accepted accounting principles and procedures for private investment funds including experience with fundlevel accounting and reporting
- Working knowledge of investment and fund performance metrics distributions and capital calls calculations (if exposed to private equity)
- Possess strong analytical skills required in reviewing researching and resolving issues surrounding accounting and financial matters.
- Exposure to complex fund structures waterfall calculations performance calculations (IRRs) distributions and capital calls calculations is a plus
- Experience with annual external reporting (audited financial statements)
- Strategic thinker with the ability to master both the details and the big picture.
- Ability to operate independently and handle many projects at once without losing track of the details.
- Someone who is comfortable with ambiguity has an excellent work ethic and likes to take ownership of your work
Employment Type
Full Time
