2027 Fund Accounting Summer Intern

GCM Grosvenor•Chicago, IL

About The Position

The summer intern performs fund accounting functions for partnerships and accounts managed by GCM Grosvenor. The role supports accounting and reporting for fund-of-hedge funds and related investment vehicles, including ledger maintenance, valuation review, cash reconciliation, performance reporting, and coordination with outsourced providers and underlying managers or administrators. The intern also works with teams across the firm and supports investment and client relationship personnel, general accounting activities, and special projects. The position is based in Chicago. Interns are not eligible for employee benefits such as health insurance, paid time off, or 401(k) plans. The position is not eligible for employer visa sponsorship now or in the future; applicants must be authorized to work in the United States without current or future employer sponsorship. The stated Chicago annual pay range is $65,000–$70,000, with actual base salary potentially varying based on experience, skills, and qualifications. Employees may be eligible for a discretionary bonus and a comprehensive benefits package, though the posting separately states that interns are not eligible for employee benefits.

Requirements

Pursuing a BA/BS in Accounting or Finance with outstanding academic credentials.
Demonstrated ability to be a team player, self-starter, and independent thinker, with excellent judgment.
Positive mindset, eagerness to learn, and desire to build and improve processes.
Ability to work in a fast-paced environment with flexibility, accuracy, and attention to detail.
Ability to handle multiple tasks simultaneously.
Good written and verbal communication skills.
Applicants must be currently authorized to work in the United States without employer sponsorship now or in the future.

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 is 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 utilizing 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 or administrators.
Calculate and report fund performance weekly and monthly.
Work with 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.