Fund Accounting Summer Intern: Hedge Funds & Valuations

GCM Grosvenor; Chicago (IL); On-site; USD 65,000 - 70,000; Part time

Job summary

GCM Grosvenor in Chicago is seeking a summer intern to perform fund accounting functions for partnerships and accounts managed by the Firm. You will maintain ledgers, review valuations, and assist with external service providers, cash reconciliation, and reporting of fund performance.

The role involves collaboration across teams (tax, legal, treasury, client services) and ad-hoc project support. Strong Excel skills and a baseline in accounting/finance are preferred; AI tools familiarity is

Qualifications

• Pursuing a BA/BS in Accounting/Finance with outstanding academic credentials; coursework or internship in investments or financial markets.
• Knowledge of partnership accounting and exposure to financial reporting, auditing, and tax.
• Demonstrated team player; self-starter; independent thinker; good judgment.
• Eagerness to learn and improve processes; accurate and detail-oriented.
• Ability to handle multiple tasks in a fast-paced environment and communicate effectively.

Responsibilities

• Maintain the accounting ledgers for fund-of-hedge funds and related investment vehicles.
• Review monthly investment valuations utilizing practical expedient.
• Manage, monitor, and guide outsourced service providers.
• Reconcile cash balances for current and projected cash flows.
• Liaise between the Firm and managers/administrators.
• Compute and report fund performance weekly and monthly.
• Collaborate with tax, legal, treasury and client services teams as needed.
• Support investment and client-relations personnel on ad-hoc requests.
• Perform general accounting tasks and assist on special projects.

Skills

Team player

Self-starter

Independent thinker

Attention to detail

Written and verbal communication

Multitasking

Flexibility

Curiosity about AI

Education

BA/BS in Accounting/Finance

Tools

MS Excel

AI tools (Claude/ChatGPT)

Job description

GCM Grosvenor in Chicago is seeking a summer intern to perform fund accounting functions for partnerships and accounts managed by the Firm. You will maintain ledgers, review valuations, and assist with external service providers, cash reconciliation, and reporting of fund performance.

The role involves collaboration across teams (tax, legal, treasury, client services) and ad-hoc project support. Strong Excel skills and a baseline in accounting/finance are preferred; AI tools familiarity is