Fund Accountant, Strategic Investments Group

GCM Grosvenor; Chicago (IL); Hybrid; USD 85,000 - 110,000; Full time

Job summary

An established industry player is seeking a detail-oriented Fund Accountant to join their Strategic Investments Group. This exciting role involves managing the accounting and operations of hedge funds and private equity funds, ensuring accurate financial reporting and compliance. The ideal candidate will thrive in a collaborative hybrid work environment, contributing to a team focused on excellence. With a strong emphasis on professional growth, this position offers a comprehensive benefits package and the opportunity to work with a diverse team of professionals committed to delivering exceptional results in the alternative asset management space.

Benefits

Comprehensive benefits package

Discretionary bonus

Health and wellness programs

Retirement planning assistance

Diversity and inclusion initiatives

Qualifications

• 2-4 years of experience in financial services or accounting firms.
• Strong understanding of partnership accounting and financial reporting.

Responsibilities

• Manage day-to-day accounting and reconciliations for investment portfolios.
• Oversee third-party administrators and coordinate compliance filings.
• Lead special projects and process improvement initiatives.

Skills

Accounting

Financial Analysis

Microsoft Excel

Power BI

Team Collaboration

Attention to Detail

Problem Solving

Education

BA/BS in Accounting/Finance

CPA

Tools

Advent Geneva

Job description

SUMMARY

We are seeking a highly motivated and detail-oriented Fund Accountant to join our Strategic Investments Group. This individual will be responsible for the accounting and operations of hedge funds, private equity funds, and/or related investment vehicles. Our hybrid employees are typically in the office Tuesdays, Wednesdays, and Thursdays to promote collaboration.

RESPONSIBILITIES

• Perform day-to-day accounting and reconciliations for multi-asset class and/or private credit portfolios
• Process investment activities across various asset classes including public and private equities, public and private debt, swaps, options, and forwards
• Review monthly and/or quarterly valuations for Level I, II, and III securities
• Complete internal and external reporting for assigned funds, including investment performance analysis, exposure reporting, marketing materials, and GCM corporate deliverables
• Oversee third-party administrators’ work, including issuing capital activity notices, calculating management and performance fees, finalizing net asset values, and distributing capital statements
• Coordinate with service providers to complete compliance filings and issue financial statements
• Act as primary point of contact between GCM and investment sponsors
• Collaborate effectively with internal teams including legal, tax, treasury, client services and investments
• Manage and provide guidance to outsourced operations providers
• Respond to ad-hoc requests from internal and external stakeholders
• Lead special projects and process improvement initiatives, 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 top-tier accounting firm
• CPA preferred
• Accounting experience in private equity, hedge funds, or similar alternative products is preferred
• Experience with general ledger and/or portfolio software, such as Advent Geneva preferred
• Technical proficiency in Microsoft Excel and Power BI
• Demonstrated team player, self-starter and independent thinker with excellent judgment
• Ability to manage multiple tasks while working in a fast-paced environment with a high level of flexibility, accuracy, and attention to detail
• Knowledge of partnership accounting, as well as exposure to financial reporting, auditing and tax

COMPENSATION AND CULTURAL FIT

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.

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.

ABOUT THE FIRM

GCM Grosvenor (Nasdaq: GCMG) is a global alternative asset management solutions provider with approximately $80 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 53 years and has a diverse, engaged team of approximately 550 professionals serving a global client base. We are proud to offer our employees a comprehensive benefits package focused on health and wellness, retirement planning, and diversity and inclusion. The firm is headquartered in Chicago, with offices in New York, Toronto, London, Frankfurt, Tokyo, Hong Kong, Seoul, and Sydney. For more information, visit: gcmgrosvenor.com.

EQUAL OPPORTUNITY EMPLOYER M/F/D/V