Private Equity Accountant I

PPM America, Inc.; Chicago (IL); On-site; USD 70,000 - 90,000; Full time

Job summary

A leading investment management firm is seeking a Private Equity Accountant I to perform essential accounting tasks. The role involves maintaining financial records, assisting in financial reporting, and ensuring compliance with standards. Ideal candidates will have a Bachelor’s degree in accounting or finance and possess strong analytical and communication skills. This entry-level position offers competitive compensation and a range of benefits, promoting personal growth and community involvement.

Benefits

Health Coverage

401(k) Matching

Tuition Reimbursement

Parental Leave

Volunteer Time

Life Insurance

Gift Matching

Qualifications

• 0-2 years of accounting experience.
• Knowledge of GAAP/IFRS principles.
• Basic understanding of the investment industry.

Responsibilities

• Record journal entries and maintain general ledgers for each fund.
• Assist in preparing financial statements and reports.
• Reconcile bank statements and accounts.

Skills

Communication

Analytical

Problem Solving

Attention to Detail

Organizational Ability

Education

Bachelor’s degree in accounting

Bachelor’s degree in finance

Tools

Microsoft Excel

Job description

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Working at PPM America, Inc.

PPM America, Inc. (PPM) is a client-focused investment manager, dedicated to delivering client-specific solutions and world-class service to investors. We pride ourselves on being a nimble, investment-led organization responsive to new opportunities. Click here for more information about our assets under management and investment strategies.

PPM was named one of the Best Places to Work in Money Management by Pensions & Investments in 2024. We value humility, directness, and dedication. Our communication style is informal, fostering collaboration and open sharing of ideas. Our values guide our relationships with investors, partners, and our community. We are passionate about giving back and supporting local nonprofits to strengthen communities.

We believe diversity and inclusion are key to our success and are committed to a respectful culture that fosters innovation and growth for our employees, clients, shareholders, and communities.

Finance and Accounting Department

Our department comprises two teams: Corporate Finance and Private Equity Administration. The Corporate Finance team handles accounting, reporting, and budgeting, while the Private Equity Administration team supports our private equity investments with operational, analytical, and accounting tasks.

Private Equity Administration Team

This team supports private equity operations by managing analytics, capital calls, reporting, and financial statements. Candidates will gain exposure to all aspects of operational and reporting cycles, suitable for those with intellectual curiosity and a growth mindset.

Role Summary

The Private Equity Accountant I will perform basic accounting tasks such as journal entries, reconciliations, and maintaining financial records, ensuring accuracy and compliance with policies and standards.

Responsibilities

• Record journal entries and maintain general ledgers for each fund.
• Assist in preparing financial statements and reports.
• Reconcile bank statements and accounts.
• Manage documentation related to fund investments, including capital calls, distributions, and partner statements.
• Support quarter-end and year-end closing processes.
• Perform additional accounting tasks as assigned.

Minimum Skills & Experience

• Bachelor’s degree in accounting, finance, or related field
• 0-2 years of accounting experience
• Knowledge of GAAP/IFRS principles
• Proficiency in Microsoft Excel and PC skills
• Strong communication, analytical, and problem-solving skills
• Attention to detail and organizational ability
• Ability to prioritize multiple tasks with urgency
• Basic understanding of the investment industry

Preferred Skills & Experience

Knowledge of private equity software is a plus, but proactive learners can develop skills on the job with team support.

Benefits

We offer competitive compensation, health coverage, 401(k) matching, tuition reimbursement, parental leave, volunteer time, life insurance, and gift matching, among other benefits. We promote community involvement and personal growth.

EEO Statement

PPM America, Inc. is an equal opportunity employer, making employment decisions without regard to protected characteristics under federal, state, or local law.

Compensation

Base salary ranges from $70,000 to $90,000, depending on experience and skills. Additional benefits include bonuses, paid time off, health benefits, 401(k) matching, and other programs.

Job Details

• Seniority level: Entry level
• Employment type: Full-time
• Job function: Accounting/Auditing, Finance
• Industry: Investment Management

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