Fund Accounting Associate

First Trust Capital Management L.P.; Chicago (IL); On-site; USD 65,000 - 90,000; Full time

Benefits offered by this job

Health coverage

401(k) match

PTO

Job summary

First Trust Capital Management L.P. seeks a finance professional to support fund accounting, reporting, and investor communications. You will work with the third‑party administrator to maintain books and records, ensure timely US GAAP financial reporting, and assist in audits.

The role requires a Bachelor’s in Accounting or Finance and 2–3 years’ experience in financial services. Strong analytical, verbal and written skills, autonomy, and MS Office proficiency are essential.

Qualifications

• Bachelor’s degree in Accounting/Finance.
• 2–3 years of experience in financial services or top‑tier accounting firms, specializing in investment partnerships, hedge funds, or private equity.
• Excellent verbal, written, analytical, and organizational skills.

Responsibilities

• Work with the third‑party administrator (“TPA”) on a daily basis to ensure the books and records of the funds are maintained completely and accurately.
• Ensure financial reporting is carried out on a timely basis in accordance with US GAAP; and investor reporting is completed timely and accurately.
• Perform cash management activities such as sending wires for investments and fund expenses, confirming wire instructions, requesting draws and paydowns, and reconciling capital calls.
• Assist in preparation of financial statement audits and regulatory compliance reporting.
• Review investor K-1s and other tax reporting and filings.
• Complete preparation and analytical review of weekly and monthly fund performance and investor reporting.
• Support investment and client service personnel on ad‑hoc requests.
• Assist in special projects as requested.

Skills

Analytical skills

Organizational skills

Verbal and written communication

Autonomy

Team player

Time management

Multi-tasking

Education

Bachelor’s Degree in Accounting/Finance

Tools

MS Office

Portfolio management systems

CRMs

Adobe

Task management systems

Other portfolio tools

Job description

Responsibilities

• Work with the third‑party administrator (“TPA”) on a daily basis to ensure a.) the books and records of the funds are maintained completely and accurately b.) financial reporting is carried out on a timely basis in accordance with US GAAP; and c.) investor reporting is completed timely and accurately
• Perform cash management activities such as sending wires for investment company purchases and fund expenses, confirming wire instructions, requesting draws and paydowns on the funds’ lines of credits, and reconciling capital calls
• Assist in preparation of financial statement audits and regulatory compliance reporting
• Review investor K-1s and other tax reporting and filings
• Complete preparation and analytical review of weekly and monthly fund performance and investor reporting
• Support investment and client service personnel on ad‑hoc requests
• Assist in special projects as requested

Requirements

• Bachelor’s Degree in Accounting/Finance
• 2‑3 years of experience working for financial services or a top‑tier accounting firm, with specialization in investment partnerships, hedge fund of funds, mutual funds or private equity
• Excellent verbal, written, analytical, and organizational skills
• High computer proficiency including MS Office (Word, Excel, Outlook), Adobe, CRMs, task management systems, portfolio management systems, etc.
• Solid understanding of investment strategies across equities, fixed income, hedge funds, private equity, and real estate
• Exposure to financial reporting, auditing and tax
• Ability to work autonomously. Reliable, sees things through to completion
• Team Player: Able to work with guidance from multiple professionals, prioritize workflow, and deliver on expectations
• Multi‑tasking, time management skills, and being able to juggle various projects is very important

Benefits

• Health & Wellness: Comprehensive medical, dental, and vision insurance
• Retirement: 401(k) with up to 4% company match
• Paid Time Off (PTO): Flexible Leave Policy

First Trust Capital Management L.P. (“FTCM”) offers a curated spectrum of alternative investments across private equity, venture capital, hedge funds, real estate, and private credit. These solutions are offered in a variety of structures across the accreditation and liquidity spectrums including interval funds, tender offer funds, private funds, and direct investments to financial professionals, family offices, and institutions.