Fund Accounting Manager

Patria Investments•Chicago, IL

59d•Onsite

About The Position

We are seeking an experienced Fund Accounting Manager to join our Fund Operations team in Chicago. This is a high-impact role that combines operational leadership, governance, fund oversight, and cross-functional collaboration within a growing global private markets platform. Working closely with Investment, Finance, Legal, Compliance, and external service providers, you will help strengthen our operating model, enhance our control environment, and support the continued integration and evolution of our private markets business. This is a key role in the development and integration of WP Global Partner’s operational activity within Patria GPMS. The ideal candidate must have specialist knowledge of indirect PE fund operations and will be highly organized, persistent, possess a high level of attention to detail and have the capacity to work on multiple projects under time constraints.

Requirements

Bachelor's degree in Accounting, Finance, or a related discipline.
10+ years of experience in private equity accounting, with a strong understanding of direct investments, operating agreements, waterfalls, and valuation methodologies.
Demonstrated expertise in investment company accounting and private equity fund structures.
Strong understanding of the broader fund operating model, with the ability to understand not only how processes work, but why they matter.
Experience working with third-party fund administrators and outsourced operating models.
A proactive and persistent approach to gathering information, building relationships, and driving workstreams to completion.
Excellent organizational, analytical, and problem-solving skills, with exceptional attention to detail.
Outstanding written and verbal communication skills, with the ability to collaborate effectively across multiple stakeholders and functions.
Strong project and time management skills, with the ability to manage multiple priorities and deliver under tight deadlines.
High levels of integrity, sound judgment, and professionalism, with the confidence to evaluate differing perspectives and make balanced decisions.
Self-motivated and capable of working independently while contributing effectively within a collaborative team environment.

Responsibilities

Lead the development, documentation, and continuous improvement of fund operational policies, procedures, and governance frameworks, ensuring alignment with GPMS and Patria standards.
Own the quarterly valuation process for direct and co-investments, partnering closely with the Investment Team to enhance valuation methodologies, controls, and governance.
Manage quarterly fund expense reimbursements, ensuring expenses are allocated in accordance with fund governing documents and internal policies.
Oversee investment reporting activities, including the collection and review of quarterly financial statements, KPIs, board materials, and other investment documentation.
Coordinate quarterly reporting and analysis of advisory fees and Fee-Paying Assets Under Management (FPAUM) for Finance and FP&A stakeholders.
Support the review of fund financial reporting prepared internally and by third-party fund administrators, helping ensure accuracy, consistency, and timeliness.
Provide operational support for Legal, Compliance, and Risk reporting requirements across the fund platform.
Design, implement, and enhance the fund operational control framework, supporting the ongoing development of the GPMS US non-financial risk management environment.
Execute and monitor SOX controls, support internal and external audit activities, and ensure operational processes remain audit-ready.
Oversee relationships with third-party fund administrators, establishing effective oversight, documenting controls, supporting onboarding and integration activities, and driving continuous service improvement.
Partner on strategic initiatives, including systems enhancements, operational transformation, new fund launches, business integrations, and other change management projects.