Private Equity Accountant I

The Jackson National Life Insurance Company; Chicago (IL); On-site; USD 70,000 - 90,000; Full time

Job summary

A leading investment management firm in Chicago seeks a Private Equity Accountant I to perform essential accounting tasks, including journal entries and reconciliations. This role supports the Private Equity Administration team and offers exposure to various operational cycles. Ideal candidates are detail-oriented with a degree in accounting or finance and possess strong analytical skills. Join a collaborative team committed to delivering exceptional service and community support.

Benefits

Competitive salary and bonus

Medical, dental and vision coverage

401k retirement plan with matching contributions

Tuition and professional certification reimbursement

Paid parental leave

Adoption assistance

Holidays and paid time off

Paid time off to volunteer

Life insurance

Gift matching

Qualifications

• 0-2 years of accounting experience.
• Basic knowledge of accounting principles (GAAP/IFRS).
• Basic investment industry knowledge.

Responsibilities

• Record journal entries and maintain the general ledger for each private equity fund.
• Assist with the preparation of financial statements and reports.
• Reconcile bank statements and accounts.

Skills

Communication

Analytical Skills

Attention to Detail

Education

Bachelor’s degree in accounting, finance, or a related field

Tools

Microsoft Excel

Job description

Private Equity Accountant I page is loaded

Private Equity Accountant I

Apply locations Chicago, IL time type Full time posted on Posted 7 Days Ago job requisition id REQ-03311

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Working at PPM America, Inc.

PPM America, Inc. (PPM) is a client-focused investment manager, and our mission is to deliver client-specific solutions and world class service to investors in the pursuit of their unique investment objectives . PPM prides itself on being a nimble, investment-led organization that is responsive to the opportunities that our teams discover together. Click here for a description of our assets under management and our investment strategies.

PPM was named one of the Best Places to Work in Money Management by Pensions & Investments in 2024. We attract professionals who exhibit humbleness, directness, and dedication. Our communication style is informal, and we encourage collaboration by giving our teams the freedom to speak openly and share new ideas. PPM’s values guide our internal conduct and help define the type of relationships we share with our investors, affiliates, and other valued partners. Above all, PPM is passionate about giving back to our clients, to each other, and to our community.We understand that community and purpose are just as important as the job description when finding your next career, and at PPM you would join a community of employees with a long track record of dedicating their time and support to local nonprofits with the effort of strengthening local families and increasing economic opportunities.

At PPM, we believe that diversity and inclusion are integral to the success of our growth and longevity. PPM is committed to a culture of respect and believe that inclusion is the key to this culture, enabling our ability to innovate, execute, and grow for the benefit of our associates, clients, shareholders, and the communities where we live.

Finance and Accounting Department Description

PPM’s Finance & Accounting department consists of two teams—Corporate Finance and Private Equity Administration. The Corporate Finance Team covers the core aspects of finance, such as accounting, reporting, budgeting, and other operational financial matters. The Private Equity Administration Team works closely with our PPM’s private equity investment group and is responsible for all things operational, analytical, and accounting based.

Private Equity Administration Team Description

The Private Equity Administration team supports our private equity business in numerous ways. This includes running analytics on portfolios, ensuring capital calls are executed on a timely basis, compiling regular reports, and collating the financial statements for PPM funds. As part of a close-knit team, successful candidates will enjoy the exposure to all aspects of the operational and reporting cycles. With our private equity growth ambitions, there are no shortage of experiences for candidates with intellectual curiosity.

Summary of Role

The Private Equity Accountant I is responsible for performing basic accounting tasks, including journal entries, reconciliations, and maintaining financial records. This role supports the PE Administration team by ensuring accurate record-keeping and compliance with company policies and accounting standards.

Role Responsibilities

• Record journal entries and maintain the general ledger for each private equity fund.
• Assist with the preparation of financial statements and reports.
• Reconcile bank statements and accounts.
• Maintain the inflow of information and documents from fund investments including, but not limited to:
  • Capital call notices
  • Capital distribution notices
  • Partners capital statements
• Support quarter-end and year-end closing processes.
• Perform other accounting-related tasks as assigned.

Required Skills & Experience

• Bachelor’s degree in accounting, finance, or a related field
• 0-2 years of accounting experience
• Basic knowledge of accounting principles (GAAP/IFRS)
• Proficiency in PC skills, especially Microsoft Excel
• Solid written and verbal communication skills
• Solid analytical and problem-solving skills
• Strong attention to detail and organizational skills
• Ability to manage multiple priorities with a sense of urgency
• Basic investment industry knowledge

Desired Skills & Experience

PPM is a team-oriented environment that provides hands-on support and incentives for your professional growth. The below skills and experience are helpful for this role, but a pro-active learner who meets the role requirements will be able to gain the necessary skills on the job with the support of our team.

• Knowledge of Private Equity industry software a plus

Benefits

At PPM, we offer volunteer opportunities to get involved with a diverse network of peers and support the causes that are important to you. Your passion and talents can make a lasting impact on our organization and our community. Additionally, our employees go the extra mile every day and the benefits of working at PPM reflect our commitment to supporting and enhancing their personal and professional lives. The plans and programs listed below are offered in collaboration with our parent company.

• Competitive salary and bonus
• Medical, dental and vision coverage
• 401k retirement plan with dollar-for-dollar matching contributions (up to 6% of salary)
• Tuition and professional certification reimbursement
• Paid parental leave
• Adoption assistance
• Holidays and paid time off
• Paid time off to volunteer
• Life insurance
• Gift matching

Equal Employment Opportunity PPM America, Inc. is an equal opportunity employer and we base our employment decisions without unlawful regard or consideration of an individual’s race, color, religion, national origin, sex, gender, sexual orientation, ancestry, citizenship, age, marital status, veteran status, medical condition, non-job related disability, pregnancy or any other basis protected by federal, state, or local law.

Base Pay:

$70,000.00 - $90,000.00. The base salary for this position may vary depending on experience, job-related knowledge, skills, and abilities. In addition to the base salary, this role will be eligible to participate in our annual bonus program. This role will also be eligible for compensated personal time off and holidays, health benefits, 401(k) plan with generous matching and profit sharing contributions, and other benefit programs according to the Company's employment policies and subject to the formal terms of such plans and programs.

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PPM America, Inc. (PPM) is a client-focused investment manager. PPM has the experience and resources to provide our clients with investment solutions across markets, including fixed income, private equity and commercial real estate. However, like a smaller shop, PPM remains nimble, investment-led and responsive to the opportunities that our teams discover together. Our mission is to deliver specific client solutions and service to investors around the world with the goal of meeting investors’ unique investment objectives. In addition, PPM employees are committed to building our community and supporting local nonprofits that strengthen families and increase economic opportunities.