Fund Accountant

Job Description

Fund Accountant | Connect Search, LLC

The Tone:
This is a full-time, direct hire role at a Private Equity Firm ($50B in AUM), located in Chicago, IL, with a hybrid schedule requiring three days in the office. This firm manages significant capital within the private equity sector, focusing on strategic investments and asset growth. This role is crucial for maintaining accurate financial records, supporting comprehensive reporting obligations, and ensuring operational efficiency within the firm’s robust fund accounting function. It offers a clear path for professional development within a well-established financial organization.

The TL;DR
• Role: Early Career
• Type: Full-Time, Permanent/Direct Hire
• Location: Hybrid – Chicago, IL
• Pay: $95000–$110000 yearly plus bonus
• Mission: This role is responsible for the precise accounting and comprehensive reporting of funds and entities within a private equity firm, supporting critical financial operations.

What You’ll Actually Do
• Accounting: Oversee and maintain the accurate financial accounting for various private equity funds and associated legal entities, ensuring all transactions are properly recorded.
• Reporting: Prepare and deliver comprehensive financial reports, capital account statements, and other critical information for both Limited Partners (LPs) and General Partners (GPs).
• Coordination: Facilitate collaboration with external auditors, tax advisors, and other service providers, while actively contributing to identifying and implementing improvements to internal accounting processes.
• Compliance: Assist with tax-related accounting activities and ensure adherence to all relevant regulatory requirements and financial reporting standards.

The Must-Haves
• Background: Bachelor’s Degree in Accounting, providing foundational knowledge for financial analysis and precise record-keeping.
• Experience: 1-3 years of professional experience obtained in public accounting, fund administration, or an alternative asset firm environment.
• Skills: Solid understanding of fund and entity accounting principles; Ability to prepare detailed financial reports for various stakeholders; Proficiency in coordinating with external service providers and internal teams; Foundational knowledge of tax and regulatory compliance within the financial sector.
• Bonus: CPA certification is preferred.