Manager – Fund Accounting
Leading Alternative Investment Manager | Chicago, IL (Hybrid)
Compensation
- Base Salary: $140,000–$165,000 + 15% Annual Bonus
- Comprehensive Benefits Package
Work Model: Hybrid schedule – 3 days per week in-office (Chicago-based role - The Loop)
Company Overview
We are partnering with a market-leading alternative investment platform that manages a diverse portfolio of investment vehicles across multiple strategies and structures. The firm has experienced significant growth over the past decade and continues to invest heavily in technology, operational infrastructure, and talent development. The organization is known for its collaborative culture, commitment to professional development, and strong track record of internal advancement. As assets, products, and investor relationships continue to expand, the Fund Finance team is adding leadership talent to support continued growth.
The Opportunity
This is a unique opportunity to join a highly regarded fund finance organization at the Manager level. Openings at this level are infrequent, making this an attractive opportunity for professionals seeking long-term growth within a sophisticated investment management environment.
The Manager will oversee accounting, financial reporting, fund operations, and process improvement initiatives across multiple investment vehicles. The position will initially operate as an individual contributor while providing a path toward future team leadership responsibilities.
The role requires a blend of technical accounting expertise, operational execution, process improvement capabilities, and strong stakeholder management skills.
Key Responsibilities
Fund Accounting & Financial Reporting
- Lead accounting and reporting activities across multiple investment vehicles and legal entities
- Ensure accounting and reporting processes comply with applicable accounting standards and governing agreements
- Oversee month-end, quarter-end, and year-end close activities
- Review and analyze balance sheets, income statements, capital activity, and investor allocations
- Support the preparation of financial statements and investor reporting packages
Fund Operations & Lifecycle Management
- Assist with the launch and operational setup of new investment vehicles
- Interpret and operationalize complex legal and economic arrangements
- Manage capital activity including capital calls, distributions, allocations, and partner reporting
- Oversee fund expense calculations, accruals, management fees, and performance-based compensation arrangements
- Coordinate activities with administrators and external service providers as needed
Business Partnership & Investor Support
- Partner closely with investor-facing teams to support reporting requirements and information requests
- Collaborate with treasury, tax, operations, compliance, and technology teams on cross-functional initiatives
- Provide meaningful reporting and analysis to finance leadership and executive stakeholders
- Support annual audits and external reporting requirements
Process Improvement & Strategic Initiatives
- Identify opportunities to improve operational efficiency and reporting quality
- Support implementation of new systems, workflows, and reporting enhancements
- Develop scalable processes to support continued organizational growth
- Participate in strategic projects, new initiatives, and ad hoc analyses
Ideal Candidate Profile
- Bachelor's degree in Accounting required
- CPA strongly preferred
- 8+ years of accounting experience within financial services, asset management, private equity, private credit, hedge funds, or related investment environments
- Combination of public accounting and industry experience preferred
- Strong understanding of partnership accounting, fund structures, and investment vehicle reporting
- Advanced Excel skills required
- Experience with investment accounting systems and fund reporting platforms preferred
- Prior leadership or mentoring experience preferred, though direct management experience is not required
- Strong communication, collaboration, and relationship-building skills
Preferred Backgrounds
- Private equity fund accounting
- Private credit fund accounting
- Hedge fund accounting
- Fund administration leadership
- Public accounting professionals serving alternative investment clients
- Professionals with exposure to complex investment structures and investor reporting requirements
Why This Opportunity
- Rare opportunity to enter a highly respected fund accounting organization at the Manager level
- Direct exposure to senior leadership and strategic initiatives
- Strong mentorship and internal promotion culture
- Opportunity to help shape processes, systems, and operational improvements
- Exposure to new fund launches and evolving investment structures
- Long-term career growth within a rapidly expanding investment platform
- Collaborative culture with strong employee retention and professional development focus