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Associate, Fund Accounting (Private Equity)

Chicago, IL

Anticipated Responsibilities:

This position will be focused exclusively on the equity funds managed by the firm. This is a newly created position due to continued growth of the firm; it is expected that a successful candidate will be able to expand his/her responsibilities over time.

FUND ACCOUNTING

• Interpret fund agreements in order to determine impact on financial reporting and partner capital accounting requirements
• Prepare all cash related journal entries
• Perform quarterly closing, including quarter-end journal entries
• Prepare fund level financial statements including balance sheet, schedule of investments, income statement, statement of changes in partners' capital and cash flows
• Prepare required footnotes to financial statements
• Prepare investor-level capital account statements
• Prepare management fee computations
• Preparation of capital calls and distributions, including fund waterfall calculation
• Respond to limited partner inquires and additional ad-hoc requests
• Prepare required deliverables for year-end financial statement audits

Qualifications:

• At least three years of prior experience that demonstrates a progression of responsibility
• Prior audit experience within the financial services group of a public accounting firm of recognized national standing and/or prior experience with private equity partnership accounting and allocations (including carried interest) is preferred
• Bachelor's or Master's in Accounting or Finance; CPA or progress towards preferred

Professional traits:

The following traits will be necessary to be successful in this role:

• Interest in taking on a challenging, "hands on" role in a collaborative, team-based culture
• Ability to work independently and proactively, prioritize work and meet deadlines
• Detail oriented nature; takes pride in a quality work product
• Self-motivated with a strong work ethic
• Technologically savvy (strong working knowledge of MS Excel and MS Word) with the ability and desire to master new applications

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