2027 Fund Accounting Summer Intern

GCM Grosvenor • Chicago, IL

2d • $65,000 - $70,000

About The Position

The summer intern will perform fund accounting functions for partnerships and accounts managed by GCM Grosvenor. The role supports fund-of-hedge funds and related investment vehicles through ledger maintenance, investment valuation review, cash reconciliation, fund performance reporting, and coordination with outsourced service providers and underlying managers or administrators. The intern will collaborate with teams across the firm and support investment and client relationship personnel on requests and special projects.

Requirements

• Be pursuing a BA/BS in Accounting or Finance with outstanding academic credentials.
• Demonstrate a team-player mindset, self-starting ability, independent thinking, and excellent judgment.
• Have a positive mindset, eagerness to learn, and desire to build and improve processes.
• Be able to work in a fast-paced environment with flexibility, accuracy, and attention to detail.
• Be able to handle multiple tasks simultaneously.
• Have good written and verbal communication skills.
• Have PC experience.
• Be currently authorized to work in the United States without employer sponsorship now or in the future; applicants who require future sponsorship, including after F-1 OPT/CPT or J-1 status, are not eligible.

Nice To Haves

• Applicable coursework or internship experience in investments or financial markets.
• Knowledge of partnership accounting and exposure to financial reporting, auditing, and tax.
• Advanced knowledge of MS Excel (preferred, but not required).
• Curiosity about AI and willingness to use AI-enabled tools such as Claude and ChatGPT to improve productivity, problem-solving, and day-to-day workflows.

Responsibilities

• Maintain accounting ledgers for fund-of-hedge funds and related investment vehicles.
• Review monthly investment valuations using the practical expedient.
• Manage, monitor, and provide guidance to outsourced service providers.
• Reconcile cash balances for current and expected cash flows.
• Serve as a liaison between the Firm and underlying managers and administrators.
• Calculate and report fund performance weekly and monthly.
• Work with other teams throughout the firm, including tax, legal, treasury, and client services.
• Support investment and client relationship personnel on ad-hoc requests.
• Perform general accounting responsibilities.
• Assist with special projects as requested.

Benefits

• Interns are not eligible for employee benefits such as health insurance, paid time off, or 401(k) plans.
• Employees may be eligible for a discretionary bonus based on individual, team, and company performance.
• The firm describes a comprehensive benefits package for eligible employees, including healthcare coverage, flexible spending accounts, an employer-sponsored retirement plan, paid time off, parental leave, short- and long-term disability, and care and wellness programs.

What This Job Offers

• Job Type: Full-time
• Career Level: Intern