Senior Fund Accountant

Senior Fund Accountant – Private Credit & Alternative Investments

📍 Chicago, IL | Hybrid

About the Company

A leading private markets investment firm specializing in alternative credit and multi-asset class investing is seeking a Senior Fund Accountant to join its growing finance team. The firm manages a diverse portfolio of private credit, structured lending, and opportunistic investments across various industries and geographies. With a culture built on entrepreneurial energy, analytical rigor, and collaboration, this is an opportunity to be part of a high-performing organization at the forefront of private market investing.

About the Role

The Senior Fund Accountant will be a key member of the fund finance team responsible for managing financial reporting, investor allocations, and fund operations for multiple private funds. This individual will partner with the Fund Accounting Manager, fund administrators, and internal leadership to ensure accurate financial statements, timely investor reporting, and process improvements across accounting workflows.

This is a highly visible role that requires both technical depth and business acumen—ideal for a CPA-track professional from public accounting or fund administration looking to grow within an established yet fast-evolving investment firm.

Key Responsibilities

• Lead or assist in monthly and quarterly fund-level financial reporting, including NAV calculations, investor capital statements, and management reporting packages.
• Oversee daily and monthly activity including capital calls, distributions, expense accruals, loan collections, and bank reconciliations.
• Review fund administrator deliverables (NAV packages, investor reports) to ensure accuracy and timeliness.
• Coordinate with internal teams and administrators on investor capital transactions, including subscriptions, redemptions, and transfers.
• Support audit and tax processes, including preparation of audit schedules and coordination with external audit and tax advisors.
• Assist in the preparation of fund financial statements under U.S. GAAP.
• Monitor management and performance fee calculations, ensuring alignment with governing documents.
• Participate in process improvement and automation initiatives to enhance fund accounting efficiency.
• Partner cross-functionally with finance, operations, investor relations, and compliance to ensure data integrity and transparency.
• Support ad hoc internal reporting, investor requests, and strategic projects.

Qualifications

• Bachelor’s degree in Accounting, Finance, or related field.
• CPA or CPA-eligible preferred.
• 4 years of relevant experience in fund accounting, private equity, credit funds, or financial services audit.
• Strong understanding of U.S. GAAP and fund accounting concepts.
• Experience with complex fund structures, performance calculations (IRRs), capital call/distribution processes, and waterfall modeling preferred.
• Excellent analytical, reconciliation, and problem-solving skills.
• Advanced proficiency in Excel; familiarity with fund accounting systems or ERP software a plus.
• Strong organizational and communication skills, with the ability to manage multiple priorities and deadlines.
• Self-starter who thrives in a fast-paced, team-oriented environment.

Why Join

• Competitive base salary and performance-based bonus.
• Comprehensive health, dental, and vision benefits.
• 401(k) with company contribution.
• Professional development and CPA support.
• Exposure to complex investment structures and a collaborative, high-performing finance team.
• Hybrid work model based in downtown Chicago.