Senior Financial Accountant

Senior Financial Accountant – Fund Accounting

Company Overview

• Our client is an established investment management organization with a diversified institutional investment platform and a strong presence in the alternative investments industry.
• The firm is seeking a Senior Financial Accountant to join its Chicago-based finance organization. This position offers the opportunity to develop specialized investment accounting experience, assume ownership of financial reporting responsibilities, and work closely with experienced accounting and finance professionals.
• The organization offers a collaborative environment with opportunities for professional development, exposure to complex financial transactions, and long-term career advancement.
• Chicago, IL – Hybrid schedule with 3 days per week in the office
• $100,000–$125,000 base salary + 15% annual bonus
• Employer-sponsored retirement plan with matching contributions
• Generous paid time off and additional employee benefits
• Professional development and career advancement opportunities

Position Overview

• The Senior Financial Accountant will support accounting, financial reporting, and related financial activities across a portfolio of investment entities.
• This individual will take ownership of recurring accounting responsibilities, assist with financial statement preparation, analyze financial transactions, and support reporting requirements involving investment funds and related entities.
• The position requires strong accounting fundamentals, analytical capabilities, and the ability to understand complex financial arrangements. The successful candidate will collaborate with accounting leadership and other internal stakeholders to maintain accurate financial records, meet reporting deadlines, and support ongoing improvements to financial processes.
• Beyond traditional accounting responsibilities, the position offers exposure to investment structures, financial analysis, process enhancements, and cross-functional initiatives.

Key Responsibilities

• Manage recurring accounting activities for assigned investment entities and related financial structures
• Prepare, review, and maintain accounting records in accordance with US GAAP
• Analyze financial transactions and determine appropriate accounting treatment
• Perform general ledger reconciliations and investigate accounting discrepancies
• Prepare and review journal entries and supporting financial schedules
• Support monthly, quarterly, and annual financial reporting requirements
• Assist with the preparation of financial statements and related disclosures
• Analyze financial results and explain significant changes in account balances and investment activity
• Maintain schedules supporting ownership interests, financial allocations, and other entity-level activity
• Assist with accounting calculations involving investment returns, capital transactions, and related financial arrangements
• Support the recording and reconciliation of investor contributions, distributions, and other capital activity
• Coordinate with internal teams to validate financial information and resolve reporting differences
• Prepare financial information and supporting analysis for internal management and external stakeholders
• Assist with recurring investor and other stakeholder reporting requirements
• Review underlying agreements and supporting documentation to understand financial and accounting implications
• Support annual audits by preparing reconciliations, schedules, and responses to auditor requests
• Partner with senior accounting professionals on technical accounting questions and reporting matters
• Assist with accounting and reporting requirements associated with new entities or business initiatives
• Identify opportunities to improve recurring accounting workflows and reduce…