Private Equity Accountant II, PPM

The Jackson National Life Insurance Company; Chicago (IL); On-site; USD 101,000 - 111,000; Full time

Benefits offered by this job

Annual bonus

Paid time off

Health benefits

401(k) with matching

Job summary

PPM America, Inc. is seeking a Private Equity Accountant II in Chicago to perform complex accounting, financial analysis, reporting and compliance tasks.

The role requires independent judgment and supports process improvements and internal controls. Responsibilities include preparing and analyzing financial statements, reconciliations, forecasting, managing fund investments, calculating management fees and supporting audits.

Qualifications

• Experience with GAAP/IFRS and financial regulations.
• Knowledge of private equity accounting as applied to funds.
• Strong Excel and reporting capabilities.

Responsibilities

• Prepare and analyze financial statements and related reports.
• Conduct account reconciliations and variance analysis.
• Assist with forecasting, cost analysis, and fund facilities.
• Support audits with required documentation.
• Mentor junior staff as needed.

Skills

GAAP/IFRS knowledge

Private Equity industry knowledge

Microsoft Excel

Financial analysis

Analytical skills

Education

Bachelor's Degree in Accounting/Finance

Tools

Private Equity software

Job description

If you are an internal associate, please login to Workday and apply through Jobs Hub. Working at PPM America, Inc. PPM is a US-based institutional asset manager. Established in Chicago in 1990, PPM exists to consistently support institutional clients in achieving their long-term value goals. We take a hard work, straight talk, full transparency and humility approach to our work. Our success is supported by a team-based culture that encourages debate, collaboration and consistency. At the center of our belief is the fact that our best ideas to date have and can come from any team member anywhere in our firm. We believe the success of our investment culture is best demonstrated by the strong retention of our clients and investment professionals. PPM was again 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. 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. Values At PPM, our values are reinforced in our culture every day. We act like owners. Integrity guides all that we do, and we are committed to exercising sound judgment in every decision that impacts the company and serves our clients. We are passionate about investment performance and driving results. We are relentless in our efforts to provide best in class service. We strive to build strong and lasting relationships with our clients, seeking to gain trust in everything we do. We work collaboratively with transparency and accountability. We operate as a team. We rely on each other, are accountable to each other, and respect each other. We value differences and unique perspectives and embrace the principle that great ideas can come from anyone. We embrace change. We are not afraid to challenge the status quo in search of a better, smarter or faster solution. We value learning, challenge ourselves and motivate others. We are also committed to positively impacting our community. As a firm, we invest time, experience and fundraising efforts with our non-profit partners. At PPM, we offer volunteer opportunities to get involved with a 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.

Job Purpose

The Private Equity Accountant II performs more complex accounting functions, including financial analysis, reporting, and compliance tasks. This role requires independent judgment and provides support for process improvements and internal controls.

Essential Responsibilities

• Prepares and analyzes financial statements and related reports.
• Conducts account reconciliations and variance analysis.
• Assists with forecasting and cost analysis.
• Assists with maintaining fund credit facilities.
• Manages and takes action on the inflow of information and documents from fund investments as necessary, including but not limited to: Capital call notices; Capital distribution notices; Partners capital statements.
• Calculates management fees.
• Ensures compliance with tax regulations and company policies.
• Prepares month-end, quarter-end, and year-end reports.
• Supports internal and external audits by providing necessary documentation.
• Develops and implements process improvements for efficiency.
• Mentors and guides more junior accountants as needed.

Other Duties

Performs other duties and/or projects as assigned.

Knowledge, Skills and Abilities

• Strong understanding of GAAP/IFRS and financial regulations.
• Private Equity industry knowledge.
• Strong PC and Microsoft Office skills, especially Microsoft Excel.
• Strong written and verbal communication skills.
• Strong analytical and problem-solving skills.
• Strong organizational skills and attention to detail with a continuous improvement mindset.
• Ability to manage multiple priorities with a sense of urgency.
• Effective communicator with the ability to deal with employees/clients professionally.
• Strong team player and a self-starter in a fast-paced work environment.
• Proficiency in Private Equity industry software is a plus.

Qualifications

Bachelor's Degree in Accounting, Finance, or related field required. 3-5 years of accounting experience required.

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: $101,000.00 - $111,000.00. 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 other benefit programs according to the Company's employment policies and subject to the formal terms of such plans and programs.

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.