2026 Fund Accounting Operations Summer Intern

Chicago, IL - USA

Monthly Salary: $ 65000 - 70000

Posted on: 30+ days ago

Vacancies: 1 Vacancy

Job Summary

SUMMARY

The summer intern will be responsible for performing certain fund accounting functions for Private Equity investment partnerships and accounts managed by the Firm.

RESPONSIBILITIES

The summer intern will be involved in the following critical activities:

Maintain the accounting ledgers for private equity funds and related investment vehicles.
Review quarterly and annual financial statement valuations utilizing practical expedient.
Review valuations and cash flows for co-investments.
Review daily transactions including capital calls and distributions.
Manage monitor and provide guidance to the outsourced accounting providers.
Reconcile cash balances for current and expected cash flows.
Facilitate and influence process changes associated with the build-out of a several new business processes.
Review quarter-end receivables payables and foreign translation adjustments.
Effectively work with other teams throughout the firm including tax legal treasury client services etc.
Support investment and client relationship personnel on ad-hoc requests.
Facilitate the annual financial statement audit process with the funds auditors.
Assist in special projects as requested.

EDUCATION SKILLS AND EXPERIENCE REQUIREMENTS

The ideal experience and critical competencies for the role include the following:

Pursuing a BA/BS in Accounting/Finance with outstanding academic credentials; applicable coursework or internship in the field of investments or financial markets.
Knowledge of partnership accounting as well as exposure to financial reporting auditing and tax.
Demonstrated team player; self-starter; independent thinker; excellent judgment.
Positive mind set with an eagerness to learn and desire to build and improve process.
Proven ability to work in a fast paced environment with a high level of flexibility accuracy and attention to detail.
Ability to handle multiple tasks simultaneously.
Good written and verbal communication skills.
PC experience advanced knowledge of MS Excel preferred however not required.

Actual base salary may vary based on factors such as individuals experience skills and qualifications for the role. Employees may be eligible for a discretionary bonus based on factors such as individual team and company performance as well as a comprehensive benefits package.

CHICAGO ANNUAL PAY RANGE

$65000 - $70000 USD

ABOUT THE FIRM

GCM Grosvenor (Nasdaq: GCMG) is a global alternative asset management solutions provider with approximately $86 billion in assets under management across private equity infrastructure real estate credit and absolute return investment strategies.

The firm has specialized in alternatives for more than 54 years and has a diverse engaged team of approximately 560 professionals serving a global client base. Eligible employees can elect to participate in comprehensive healthcare coverage (including medical dental vision and life insurance) flexible spending accounts and the employer sponsored retirement plan. Additionally employees are eligible for paid time off parental leave short-term and long-term disability as well as other care/wellness programs.

The firm is headquartered in Chicago with offices in New York Toronto London Frankfurt Tokyo Hong Kong Seoul and Sydney. For more information visit:.

EQUAL OPPORTUNITY EMPLOYER M/F/D/V

Required Experience:

Intern

SUMMARYThe summer intern will be responsible for performing certain fund accounting functions for Private Equity investment partnerships and accounts managed by the Firm.RESPONSIBILITIESThe summer intern will be involved in the following critical activities:Maintain the accounting ledgers for privat...