Private Equity Fund Accountant

Private Equity Fund Accountant (Chicago, IL)

Leading private equity firm specializing in investments in growth-stage businesses across diverse sectors such as healthcare, financial services, and business services. With a disciplined investment approach and a focus on value creation, we work alongside exceptional management teams to foster growth and drive long-term success. Our goal is to deliver outstanding results for both our investors and portfolio companies.

Position Overview:

We are seeking a highly motivated and detail-oriented Private Equity Fund Accountant to join our finance and operations team. The ideal candidate will be responsible for managing the fund accounting and financial reporting for multiple private equity funds, ensuring accuracy, compliance, and timeliness across all financial activities.

Key Responsibilities:

• Fund Accounting: Oversee the daily fund accounting activities, including NAV (Net Asset Value) calculations, capital calls, distributions, and investor record management.
• Financial Reporting: Prepare quarterly and annual financial statements in accordance with GAAP or applicable reporting standards for the private equity funds.
• Investor Relations: Support the preparation of investor reports, fund performance updates, capital call notices, distribution notices, and other ad-hoc reports as required.
• Reconciliation & Monitoring: Perform account reconciliations and monitor portfolio valuations and cash flows to ensure accurate reporting and compliance.
• Regulatory Compliance: Assist in ensuring fund compliance with tax regulations, fund terms, and industry standards. This includes working with auditors, tax advisors, and ensuring timely regulatory filings.
• Collaboration: Work closely with investment teams, legal advisors, and external service providers (such as auditors and tax specialists) to ensure smooth fund operations and reporting.
• Process Improvement: Contribute to process improvements and the adoption of best practices in fund accounting, reporting, and financial operations.

Qualifications:

• Bachelor’s degree in Accounting, Finance, or a related field (CPA, CFA, or other relevant certifications preferred).
• 4-6 years of experience in private equity fund accounting, asset management, or similar financial roles.
• Strong understanding of private equity fund structures, accounting, and financial reporting.
• Advanced proficiency in financial modeling, Excel, and fund accounting software (e.g., Investran, eFront, or similar platforms).
• Excellent attention to detail, organizational skills, and the ability to meet tight deadlines.
• Strong communication skills with the ability to interact effectively with senior management, investors, and external parties.
• Ability to work independently and collaborate effectively in a fast-paced, team-oriented environment.