Fund Controller: Private Equity, Real Estate and Infrastructure

GCM Grosvenor • Chicago, IL

2d • Hybrid

About The Position

As a member of our Private Equity, Real Estate, and Infrastructure Fund Finance team, you will primarily oversee fund accounting and analysis functions for investment partnerships and accounts managed by the Firm. Your responsibilities may also include managing the team and overseeing third-party administrators and outsourced resources. Additionally, you will play a key role in the continuous improvement of our operations and collaborate on cross-functional initiatives within the Firm. 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; applicable coursework or internship in the field of investments or financial markets.
• 10+ years of experience working for a financial services firm or top tier accounting firm.
• Background in the financial services industry required; knowledge of the alternative asset management industry a plus.
• Knowledge of partnership accounting as well as exposure to financial reporting, auditing, and tax.
• 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.
• Excellent written and verbal communication skills.

Nice To Haves

• CPA preferred.
• Accounting experience in managing private equity, hedge funds or similar types of alternative products is preferred, but not required.
• Private equity experiences is preferred, but not required.
• Experience with internal control compliance (SOX 404) a plus.
• Knowledge of Investran system is preferred, but not required.
• In terms of cultural fit, the successful candidate will be self-motivated and energized by working amongst a group of thoughtful, smart and successful colleagues. He or she will enjoy being part of an organization focused on excellence and will be a naturally collaborative person who enjoys interacting with individuals at all levels. Additionally, he or she will be a strong team player with a proactive approach and the ability to exercise discretion and judgment.

Responsibilities

• Perform the day-to-day accounting for private equity funds and related investment vehicles.
• Review quarterly and annual NAV and financial statement packages, including investor reporting.
• Manage recurring client deliverables, including standard ILPA and additional client-requested reporting.
• Manage, monitor, and provide guidance to the outsourced accounting provider(s).
• Review governing documents and interpret reporting requirements and partner economics.
• Calculate and review quarterly management fee and carried interest waterfall calculations.
• Implement and oversee accounting process changes.
• Participate in technology innovation and implementations to improve operations.
• Manage the funds’ cash balances to determine the need for capital calls, distributions.
• Review capital call and distributions notices to investors.
• Collaborate with other teams throughout the firm, including tax, legal, treasury, client services, portfolio management, to drive high-quality experience for clients.
• Support investment and client relationship personnel on ad-hoc requests.
• Assist in preparation of financial statement audits and regulatory compliance reporting for the various partnerships and companies.
• General accounting responsibilities.
• Lead special projects as requested.

Benefits

• Eligible employees can elect to participate in comprehensive healthcare coverage (including medical, dental, vision and life insurance), flexible spending accounts, and the employer sponsored retirement plan.
• Additionally, employees are eligible for paid time off, parental leave, short-term and long-term disability, as well as other care/wellness programs.
• Employees may be eligible for a discretionary bonus based on factors such as individual, team, and company performance as well as a comprehensive benefits package.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 501-1,000 employees