Associate, Fund Accounting

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Associate, Fund Accounting

Chicago, Illinois

|

Direct (Permanent) Full Time

|

NA

Chicago, Illinois

Direct (Permanent) Full Time

NA

August 01, 2022

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Job ID: F1300275-PEL_1659375158

August 01, 2022

Job ID: F1300275-PEL_1659375158

Job Summary

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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
F1300275-PEL_1659375158

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About Beacon Hill

Beacon Hill is an Equal Opportunity Employer that values the strength diversity brings to the workplace. Individuals with Disabilities and Protected Veterans are encouraged to apply.

Founded by industry leaders to set a new standard in search, career placement and flexible staffing, we deliver coordinated staffing solutions with unparalleled service, a commitment to project completion and success and a passion for innovation, creativity and continuous improvement.

Our niche brands offer a complete suite of staffing services to emerging growth companies and the Fortune 500 across market sectors, career specialties/disciplines and industries. Over time, office locations, specialty practice areas and service offerings will be added to address ever changing constituent needs.

We look forward to working with you.

Beacon Hill. Employing the Future™