Fund Accountant

E78; Oak Brook (IL); On-site; USD 55,000 - 70,000; Full time

Job summary

An established industry player is seeking a diligent Fund Accountant to join their dynamic team in Oak Brook. This role offers a unique opportunity to gain exposure to the Alternative Investment Industry, working with a diverse range of funds and financial instruments. The ideal candidate will have a solid foundation in accounting principles, strong analytical skills, and the ability to thrive in a fast-paced environment. With a commitment to excellence and a collaborative culture, this position promises professional growth and the chance to make a significant impact in the finance sector.

Benefits

Medical Insurance

Vision Insurance

401(k) Plan

Qualifications

• Experience in journal entries and month-end close assistance.
• Proficiency in accounting software and financial analysis tools.

Responsibilities

• Support Fund Accounting team with journal entries and reporting.
• Assist in month-end close and client support.

Skills

Accounting Principles

Analytical Skills

Excel (Vlookup, Pivot Tables, Macros)

Communication Skills

Problem-Solving Skills

Education

Bachelor's degree in Accounting

Master's degree or CPA (preferred)

Tools

Accounting Software

Financial Analysis Tools

Microsoft Office (Excel, PowerPoint, Word)

Power BI

Job description

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Base pay range

$55,000.00/yr - $70,000.00/yr

The FACT Division within E78 offers four different services to our clients:

• Outsourced CFO
• Outsourced Compliance
• Tax and Advisory Services

The FACT division provides employees with full exposure to the Alternative Investment Industry with client support covering the full spectrum of Investment vehicles, including Hedge, Private Equity, Private Credit and Venture Capital Funds. E78 provides comprehensive solutions that span the Fund investment life cycle - from initial Operational, Accounting and Compliance set up, ongoing middle and back-office operations, CFO, Fund Administration, Compliance and Tax and Advisory services. Employees will support and be exposure to a wide range of Fund structures and strategies. Currently, E78 FACT provides services to over 400 funds and managed accounts aggregating over $60 Billion in AUM.

Position Summary

We are looking for a diligent and experienced Associate to join our expanding Fund Accounting team. The successful candidate will possess experience in basic journal entries, ad hoc reporting, and month end close assistance. The ideal candidate will have a background in Accounting within fund administration, banking, or financial services sectors. This role requires a deep understanding of accounting principles, excellent analytical skills, and the ability to work effectively within a dynamic and fast-paced team environment.

Required Qualifications

• A Bachelor's degree in accounting, business, or a related field. A master's degree or a professional certification (such as a CPA) is preferred.
• Accounting internship or 1 - 2 years of Fund Accounting & Private Equity experience required.
• Proficiency in accounting software and financial analysis tools. Advanced knowledge of Excel (Vlookup, pivot tables, & macros).
• Strong analytical skills with the ability to interpret complex financial data and identify trends or anomalies.
• Familiarity with private equity, fund accounting, and interpretation of key concepts and terms in governing legal documents (Waterfall, management fees, allocations.)
• High level of accuracy and attention to detail in all aspects of work.
• Excellent verbal and written communication skills. Ability to convey complex financial information clearly and concisely to various stakeholders and clients.
• Strong problem-solving skills with the ability to think critically and make sound decisions. Ability to handle pressure and meet tight deadlines.
• Proven ability to work effectively, independently and within a team environment, demonstrating strong interpersonal skills and a collaborative approach.
• Provide support for the clients' counterparties (Auditors and Tax Service providers).
• Candidates who reside near E78's Corporate Headquarters in Oak Brook, IL are required to work in the office 3 - 4 days a week.
• The base salary range is $55,000 - $70,000, plus bonus and will be based on experience

Preferred Qualifications

• Strong analytical, quantitative, and problem-solving skills and the ability to handle complex and large data sets.
• Proficient in financial modeling, valuation, and accounting principles and methodologies.
• Excellent communication, presentation, and interpersonal skills and the ability to work effectively with clients and team members at all levels.
• Proficient in Microsoft Office, especially Excel, PowerPoint, and Word. Experience with financial software, such as Power BI and Adaptive is a plus.
• Self-motivated, proactive, and detail-oriented and the ability to work independently and under pressure.

Core Competencies

2. Learning agility

3. Functional/technical expertise

4. Team player

7. Results orientation

About E78

E78 is a leading provider of finance, accounting and technology solutions for middle-market businesses and financial sponsors. Our team delivers platinum-level advisory, talent, and managed services that address the critical finance, technology, and transformation challenges faced by corporate leaders and private equity sponsors across the middle market through the Fortune 500.

For the sixth consecutive year, E78 has made the Inc. 5000 list, at No. 734 in 2024, which includes a three-year revenue growth of 655%

We are a community of results-driven gamechangers, and our passion drives us to achieve success through meaningful work and inspires us to make a lasting impact.

E78 is proud to be an equal opportunity employer. We do not discriminate on the basis of race, religion, color, national origin, sex (including pregnancy, childbirth, and reproductive health choices), sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as someone with a disability, political views or activity, or other applicable legally protected characteristics. We also consider qualified applicants with criminal histories, consistent with applicable federal, state, and local laws.

Seniority level

• Seniority level

  Entry level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Accounting/Auditing, Consulting, and Finance

• Industries

  Capital Markets, Funds and Trusts, and Venture Capital and Private Equity Principals

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Inferred from the description for this job

Medical insurance

Vision insurance

401(k)

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