Manager - Private Equity and Hedge Fund Accounting (CFO Services)

We are seeking a Senior Fund Accountant to oversee the accounting, financial reporting, and operational activities of multiple private equity funds. Reporting to the Controller, this role is responsible for fund financial statements, capital account maintenance, carried interest and waterfall calculations, portfolio valuations, cash management, performance reporting, and audit and tax coordination. The ideal candidate will have strong private equity fund accounting expertise, advanced analytical skills, and a collaborative mindset to support process improvements, mentor team members, ensure regulatory compliance, and deliver accurate reporting to management, investors, and other stakeholders.This role will be dedicated to one of our premier clients. A successful candidate will be located in the Chicago area and be able to work in office up to 4 days a week. 

What you’ll doYou'll prepare and review quarterly and annual financial statements for multiple private equity funds, including capital account maintenance, carried interest accounting, waterfall calculations, and reporting for fund, GP, and related entities.You'll interpret and implement accounting requirements from Limited Partnership Agreements, perform portfolio company valuations, and produce investment performance reports, including IRRs and portfolio analytics.You'll manage daily fund cash operations, including capital calls, distributions, wire processing, bank reconciliations, and line of credit compliance, while ensuring accurate financial records.You'll collaborate with external auditors, tax advisors, Investor Relations, and internal stakeholders to support audits, tax reporting, fundraising due diligence, and other accounting and administrative activities.You'll drive continuous improvement by leveraging technology and automation to enhance reporting processes, mentoring junior accounting team members, and ensuring compliance with SEC Registered Investment Adviser policies and annual testing requirements.What we offerIQ-EQ offers a comprehensive benefits package designed to support employees' well-being and work-life balance. Employees receive generous paid time off, including 4 weeks of PTO that increases over time, sick time and paid holidays, and financial wellness is supported through a 401(k) plan with a company match (subject to eligibility).Health benefits include medical, dental, vision, mental health support and additional ancillary insurance plans. Additional benefits include paid parental leave and a hybrid work schedule, promoting both personal and professional fulfillment.The salary for this position will be dependent on experience and location ($90,000-$125,000).