Manager, Private Funds Accounting

Fund Accounting Manager Opportunity | Walking Distance from Public Transportation 3 days - 4 days a week on-site, Downtown Chicago About the firm: Our client is a premier global investment manager, known for its disciplined investment approach, collaborative culture, and long-term perspective. The organization offers the resources of a large financial institution while maintaining an entrepreneurial and team-oriented environment. Position Overview The Fund Accounting Manager will lead the accounting and financial reporting for multiple private investment funds and related entities. This individual will oversee recurring accounting processes, support new fund launches, interpret complex partnership agreements, manage third-party administrators, and drive process improvements across the fund accounting function. Key Responsibilities Lead accounting and reporting for multiple private investment funds and vehicles in accordance with US GAAP and applicable partnership agreements Mentor and support other members of the Fund Accounting team Review balance sheets, income statements, monthly reporting packages, and quarterly investor statements Calculate and record management fees, incentive fees, fund expenses, accruals, and partner allocations Interpret complex partnership agreements and translate legal terms into accounting and operational processes Assist with new fund launches by reviewing legal documents, establishing month-end close procedures, and partnering with technology teams to support fund requirements Oversee third-party administrators responsible for NAV calculations and related accounting deliverables Maintain strong relationships with external administrators and ensure work is completed accurately and on schedules Support the planning and execution of capital calls and investor distributions Coordinate with Investor Communications, Treasury, Operations, Tax, Technology, and senior leadership Prepare timely financial reporting and analysis for firm leadership Support financial statement preparation and provide documentation to external auditors Identify and implement opportunities to improve, standardize, and automate accounting processes Assist with special projects and ad hoc reporting requests Qualifications Bachelor’s degree in Accounting required CPA strongly preferred At least eight years of accounting experience within financial services, including private equity, private credit, leveraged finance, hedge funds, or a related investment environments Strong knowledge of US GAAP, partnership accounting, fund reporting, allocations, and fee calculations Advanced proficiency in Microsoft Excel Experience overseeing third-party fund administrators and reviewing NAV calculations preferred. Combination of public accounting and private-industry experience is a plus. Experience with Workday, Wall Street Office, Geneva, or similar systems is a plus. Previous leadership or team-management experience is preferred. Strong analytical, organizational, communication, and collaboration skills. Ability to manage multiple funds, deadlines, and cross-functional priorities in a fast-paced environment. Comprehensive, firm-paid medical, dental, and vision coverage Competitive retirement plan with employer matching Generous paid time off and rollover options Financial incentive for employees who waive firm-sponsored health coverage Supportive paid parental leave and fertility benefits Medical concierge and employee assistance programs On-site fitness and wellness amenities Complimentary lunch on in-office workdays #J-18808-Ljbffr Connect Search, LLC