Fund Controller - Retail Investor Funds

GCM Grosvenor • Chicago, IL

6d • Hybrid

About The Position

The individual will be responsible for performing fund accounting and analysis functions for the firm’s Commingled Retail Investor Funds. The Retail Investor Funds include SEC registered investment companies operating as an interval fund and a tender offer fund. The interval fund’s investment strategy is in generating attractive risk-adjusted returns and current income through a variety of infrastructure investments. The tender offer fund’s investment strategy is in a variety of private equity secondary investments and co-investments. This individual will report to the Chief Financial Officer (CFO) of the firm’s Commingled Retail Investor Funds. This individual will also work closely with GCM Grosvenor’s Finance leadership team. As an onsite/hybrid employee, you are expected to be in the office on Tuesdays, Wednesdays and Thursday.

Requirements

• BA/BS in Accounting/Finance with outstanding academic credentials
• 8+ years of experience working for a financial services firm or top-tier accounting firm.
• Accounting experience in managing mutual funds, private equity, hedge funds or similar types of alternative products.
• Demonstrated team player, self-starter, and independent thinker with the ability to exercise excellent judgment.
• Proven ability to work in a fast-paced environment with a high level of flexibility, accuracy, and attention to detail.
• Ability to balance multiple concurrent tasks and effectively manage deadlines.
• Good written and verbal communication skills.
• self-motivated and energized by working amongst a group of thoughtful, smart and successful colleagues.
• enjoy being part of an organization focused on excellence and will be a naturally collaborative person who enjoys interacting with individuals at all levels.
• strong team player with a proactive approach and the ability to exercise discretion and judgment.

Nice To Haves

• CPA preferred.
• Experience working in the mutual fund industry and familiarity with the regulatory requirements of the Investment Company Act of 1940 and SEC regulations highly preferred.
• Experience with internal control compliance (SOX 404) a plus.

Responsibilities

• Perform the daily valuation process, coordinating with the GCM valuation and accounting teams, the third-party valuation firm, and the fund administrators, to ensure valuations updates are reflected in the daily net asset value of the Funds.
• Responsible for the day-to-day accounting and operations of the Funds including: Reconciling and recording of investment and investor activity.
• Preparation and oversight of the fund expense budget, monitoring of the expense cap as well as any reimbursements related to expense support payments due to the Advisor.
• Calculation and review of the daily management fee and incentive fees and quarterly payment due to the Advisor.
• Management of the funds’ cash balances, investment and investor activity, and overall fund liquidity to ensure investment and investor transactions are appropriately settled in coordination with the GCM treasury team
• Prepare daily NAV calculations as well as quarterly and annual NAV and financial statement packages, including investor reporting.
• Responsible for the semi-annual and annual fund financial reporting and periodic financial filings of the infrastructure interval fund (N-CSR, N-Port, etc.). Includes running a reporting calendar, managing fund service providers, and assisting with the annual fund audit.
• Preparation of monthly advisory entity financial statements prepared in accordance with US GAAP and under existing SOX regime requirements in accordance with GCM’s monthly accounting close calendar.
• Preparation and presentation of financial materials for the Board of Directors quarterly meeting.
• Manage, monitor, and provide guidance to the outsourced accounting provider(s).
• Collaborate with other teams throughout the firm, including tax, legal, treasury, client services, portfolio management, etc.
• Support investment and client relationship personnel on due diligence requests, marketing materials and ad-hoc requests.
• Assist in preparation of financial statement audits and regulatory compliance reporting for the various partnerships and companies.
• Assist in special projects as requested.

Benefits

• comprehensive healthcare coverage (including medical, dental, vision and life insurance)
• flexible spending accounts
• employer sponsored retirement plan
• paid time off
• parental leave
• short-term and long-term disability
• other care/wellness programs

What This Job Offers

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