Fund Accountant, PEREI

SUMMARY

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

As an onsite/hybrid employee, you are expected to be in the office on Tuesdays, Wednesdays and Thursday.

RESPONSIBILITIES           

• Maintain the accounting ledgers for private equity funds and related investment vehicles.
• Review quarterly and annual 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 operations providers.
• Oversee collection and collation of third-party documents, including assisting with automation efforts using advanced technologies.
• Assist in adaptation of operational technologies and retirement of legacy systems.
• Reconcile cash balances for current and expected cash flows.
• Facilitate and influence changes associated with the build-out of 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

• BA/BS in Accounting/Finance with outstanding academic credentials; applicable coursework or internship in the field of investments or financial markets.
• 2 – 4 years of experience working for a financial services firm or public accounting firm.
• CPA preferred.
• Accounting experience in managing private equity, hedge funds or similar types of alternative products is preferred, however, not required.
• Knowledge of partnership accounting as well as exposure to financial reporting, auditing, and tax. Private equity experience is preferred, but not required.
• Demonstrated team player; self-starter; independent thinker; excellent judgment.
• Positive mindset with an eagerness to learn and desire to build and improve processes.
• 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.
• Knowledge of SunGard Investran system is preferred, but not required.

In terms of cultural fit, the successful candidate will be self-motivated and energized by working amongst a group of thoughtful, smart and successful colleagues. He or she will enjoy being part of an organization focused on excellence and will be a naturally collaborative person who enjoys interacting with individuals at all levels. Additionally, he or she will be a strong team player with a proactive approach and the ability to exercise discretion and judgment.

It is expected that the annual base salary range for this Chicago based position will be $85,000 - $110,000. Actual base salary may vary based on factors such as individual's 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.

CULTURE

We are not afraid to think differently. Embrace new ideas. Dream big. Welcome change. We are a culture of empowerment, accountability, high performance, and trust. Successful team members are self-motivated and energized by working alongside thoughtful and smart colleagues in a fast-paced environment. Individuals who thrive on this team enjoy being a part of an organization focused on excellence. We look for naturally collaborative individuals who enjoy interacting at all levels of the organization. 

DIVERSITY, EQUITY & INCLUSION

A diverse, engaged team is critical to our ability to successfully create and deliver value to our clients. We are committed to creating an inclusive environment where diverse professionals can thrive professionally, and we are dedicated to training, retaining, and promoting minorities, women, LGBTQ employees, veterans and individuals with disabilities. Over 55% of GCM Grosvenor employees and 43% of executive management are women and/or ethnically diverse individuals. In addition, we seek to drive a more diverse, inclusive industry through our partnership with diverse professionals organizations and by consciously working with subcontractors and vendors that are certified as minority-, women-, or persons with disabilities-owned businesses.