Accounting Manager - LHH

Our client is an investment management firm, headquartered in Chicago. They are growing and doing exceptionally well financially, offering tremendous opportunities for upward mobility, work life balance, and the ability to work 2 days a week from home.

The Manager will join the Accounting Team’s mission to support a growing firm, build a best-in-class, customer focused finance team and drive operational excellence. The Manager will have primary responsibility for the accounting and reporting for their assigned entities and will help with new initiatives and ad-hoc requests. The candidate will also have strong controllership throughout all processes.

Primary duties and responsibilities include, but are not limited to:

Leading accounting and financial reporting for assigned entities:

Leading the month-end close process including the reconciliation of the portfolio level investment ledger to the general ledger

Leading the calculation and booking of fund level expenses such as management fees, incentive fees and accruals in accordance with GAAP and applicable Investment Advisory Agreements

Reviewing the preparation of the fund’s consolidated balance sheet, income statement and monthly reporting package

Assisting with investor level capital activity such as periodic capital calls, dividend distributions and IRR statements

Ensuring the entities maintain their RIC status for tax purposes throughout the year and at quarter-ends

Preparing and reviewing forecasts for the liquidity positions to enhance investor returns and support capital call recommendations

Reviewing and preparing the Schedule of Investments and supporting schedules to provide specific portfolio company data used in footnotes, MD&A and investor presentations

Ensure the execution of monthly and quarterly controls in accordance with Firm’s control matrix

Working closely with Treasury, Operations, Tax and Portfolio Monitoring Teams as it relates to the ongoing operational and reporting needs of the Fund Accounting Team

Reviewing and preparing board materials, quarterly investor presentations, quarterly forecasts for senior management and preview of performance prior to the month-end close

Coaching junior team members

Leading ad-hoc projects and initiatives

Candidate Requirements

Bachelor’s degree or equivalent education required (Accounting or Finance preferred)

5+ years of experience in private equity, leveraged finance or hedge fund

Public accounting and SEC experience desired

CPA strongly encouraged

Experience with preparation of GAAP based financial statements is strongly desired

High skill level in Excel required, proficiency in PowerPoint, Workday, Wall Street Office and similar packages is a strong plus