Fund Accountant, CLO & Private Equity

Jackson • Chicago, IL

109d • $90,000 - $115,000

About The Position

The Fund Accountant, CLO & Private Equity plays a key role in supporting our Collateralized Loan Obligation (CLO) and Private Equity investment platforms. This role requires strong fund accounting knowledge, CLO experience, the ability to work independently, and a proactive approach to oversight and issue resolution. This role offers exposure to a variety of fund structures, accounting standards, and investment strategies. The role includes both periodic review responsibilities and active involvement in ad-hoc and project-based tasks. The key responsibilities for the Fund Accountant, CLO & Private Equity encompasses a blend of activities focused on both CLO structures and private equity investments, offering a comprehensive exposure to the distinct demands and processes of each platform.

Requirements

• Bachelor's Degree in Accounting, Finance, or related field required.
• 3+ years of experience in fund accounting, preferably within an investment management firm or fund administrator, required.
• Strong knowledge of CLO structures and fund operations, with knowledge of private equity operations preferred.
• Familiarity with US GAAP standards.
• Proficiency in Microsoft Excel.
• Experience with fund accounting systems is a plus (e.g., Investran, Geneva, Allvue, or similar).
• Excellent analytical, organizational, and communication skills.
• Ability to manage multiple priorities and meet deadlines in a dynamic environment.
• High level of initiative and self-motivation, with a strong work ethic and attention to detail.

Responsibilities

• Reviews periodic financial statements or NAV reports for CLOs and related fund structures to ensure accuracy and consistency with governing documents and internal records.
• Participates in the review of periodic CLO distribution waterfalls prepared by the administrator.
• Reviews audited financial statements for CLO-related entities prepared by the administrator.
• Assists with internal and external audit requests and deliverables related to CLOs.
• Drafts payment instructions to trustee for CLO and related structures.
• Supports the oversight and maintenance of CLO retention structures.
• Performs ad-hoc analysis and responds to one-off accounting or reporting queries related to CLOs and risk retention structures.
• Works closely with the Bank Loan investments, Private Operations, Tax, and Legal teams.
• Prepares and analyzes financial statements and related reports for Private Equity.
• Conducts account reconciliations and variance analysis.
• Assists with forecasting and cost analysis.
• Assists with maintaining fund credit facilities.
• Manages and acts on the inflow of information and documents from fund investments including capital call notices and capital distribution notices.
• Calculates management fees.
• Ensures compliance with tax regulations and company policies.
• Prepares month-end, quarter-end, and year-end reports.
• Supports internal and external audits by providing necessary documentation.
• Develops and implements process improvements for efficiency.
• Mentors and guides junior accountants as needed.
• Performs other duties and/or projects as assigned.

Benefits

• Competitive salary and bonus
• Medical, dental and vision coverage
• 401k retirement plan with dollar-for-dollar matching contributions (up to 6% of salary)
• Tuition and professional certification reimbursement
• Paid parental leave
• Adoption assistance
• Holidays and paid time off
• Paid time off to volunteer

What This Job Offers

• Career Level: Mid Level
• Education Level: Bachelor's degree