Job Description

Private Equity Accountant
Job Number: 21-07312
Help drive change! Eclaro is looking for a Private Equity Accountant for our client in Chicago, IL.
Eclaro’s client is a leading global bank stimulating change and innovation in the industry by offering top-notch financial products and services for a wide-range of clients worldwide. If you’re up to the challenge, then take a chance at this rewarding opportunity!

Position Overview:
  • Operates under general supervision but works independently most of the time.
  • Will serve on large and/or complex projects as requested.
  • Carries out relatively complex, extensive, high profile activities e.g. direct interaction with committees and more senior management. Demonstrates excellent analytical, consultative and communication and judgment skills.
  • May lead projects and/or train lower-level staff.
  • Focus on maintenance and implementation of policies and procedures in the function while building towards becoming a stronger area expert.
  • Establishes & cultivates working relationship with clients, external legal and accounting firm relationships and internal partners.
  • Carry out relatively complex, extensive, high profile transactions surrounding all PE Fund activity e.g. capital calls, distributions, investment purchases, divestments, carried interest calculations, expenses, income, gains, fees, etc. ensuring they are executed according to standard policies and procedures. This may also require direct interaction with committees and more senior management.
  • Be technically competent to act as first point of reference for day-to-day queries while performing review/verification/accounting/audit processes (daily and periodic) accurately.
  • Search for ways to eliminate recurring problems/issues as they arise.
  • Ensure all daily or periodic tasks are completed according to client specific administration & service level agreements.
  • Ensure work-flows, files, and back up coverage are setup and maintained within guidelines
  • Prepare, validate and/or assist in the preparation of PE accounts, PE reporting, financial statements, financial audit reporting and/or specific client reporting, including, but not limited to, accruals, monthly, quarterly, and/ or annual tax/financials packages for fund, portfolio company level and LP investor reporting as per administration & service level agreements.
  • Analyze, research, and ensure appropriate reconciliations surrounding PE investment activity/data i.e. bank accounts, expenses, income, gains, withholding are completed accurately and timely. Ensure all financial reporting/information to clients/investors is reviewed, validated for accuracy prior to dissemination.
  • Utilize all department systems as required to complete daily and periodic functions including, but not limited to: Investran (Accounting, Portfolio and Investor Manager, RM Contact, Report wizard, Reporting Services), Yardi, Partner Passport, Treasury Passport, QEB, Web Time, EXP AG (PowerImage), SharePoint, ERM, Scanner, Fundmaster, MTS Video, MR, Lotus Notes, Microsoft Excel/Access/Word.
  • Coordinate, participate, and /or lead projects/ training presentations regarding area's products and services with clients and partners in-house and/or on-site. Conduct on-the-job training with staff.
  • Monitor and validate account set up, maintenance and service for accuracy and completeness. Review all bespoke, non-standard procedures for account processing.
  • Provide input to management reporting on transactions, including statistics on volume, productivity as well as any new client specific business development, service and sensitivity issues on a regular basis.
  • Lead/participate in implementing new technology and efficiency initiatives/projects as needed
  • 2-3+ years of staff accounting experience and/or private equity fund accounting/administration experience is preferred with a minimum of 2 years client servicing or related experience.
  • Experience with real estate industry clients preferred
  • Have the ability to work effectively in a team environment, exhibiting initiative, leadership and flexibility.
  • The ideal candidate will have a formal education in accounting and/or related business degree, may be seeking or have recently obtained their CPA accreditation, understand the complexities of the private equity markets via past experience and have experience with Investran, Yardi and MS Suite of Systems (Excel/Access/Word) (intermediate/advanced level)
  • Must be technically competent to act as first point of reference for day-to-day queries while serving as a liaison to related areas.
  • Have both broad and in-depth knowledge in chosen field, plus strong knowledge of related areas.
  • This position is technical and service oriented.
  • Knowledge of private equity fund products and services for specified area, usually obtained through training or related work experience, is required to service clients.
  • Communication and negotiation skills are required to ensure client satisfaction.
  • Analytical skills are required to research and resolve problems.
  • Leadership and organizational skills are needed to prioritize complex assignments and demonstrate technical knowledge.
If interested, you may contact:
Audrei Cortez       
Audrei Cortez | LinkedIn

Equal Opportunity Employer: Eclaro values diversity and does not discriminate based on Race, Color, Religion, Sex, Sexual Orientation, Gender Identity, National Origin, Age, Genetic Information, Disability, Protected Veteran Status, or any other legally protected group status.  

Application Instructions

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