About this opportunity
Accounting Manager, Real Estate Private Equity
Downtown Chicago, IL (hybrid, 4 days in office) | $125K to $145K base + 20% bonus
A private equity real estate firm in downtown Chicago is adding an Accounting Manager. The firm is a growing fund platform. The founders and finance lead come from large, well known real estate investment managers.
This is the #2 finance seat. You report to the Managing Director of Finance, a CPA who came up through public accounting and real estate fund accounting. You own the day to day relationship with the third party fund administrator and review everything they produce. The seat goes well past fund accounting: valuation, investor returns, tax, audits, acquisitions, and board reporting.
What you'll own
- Review monthly and quarterly closes, financial statements, and schedules from the fund administrator
- Review fair value adjustments and investment level accounting
- Review capital activity and quarterly investor reporting
- Calculate and review investor returns, waterfall, and promote
- Build budget to actual analysis for the fund and the management company
- Help run annual audits and the tax process (estimates, returns, K-1s) with outside advisors
- Support acquisitions: due diligence, new entity setup, bank accounts, onboarding new assets
- Document processes and build scalable tools, including AI enabled review and reporting
What you bring
- 4 to 7 years of accounting experience
- Real estate fund accounting, private equity fund accounting, or public accounting serving private real estate funds
- You can review a close and a set of financials on your own and spot what is wrong
- Working knowledge of fair value reporting, capital accounts, and waterfall mechanics
- Bachelor's in Accounting or Finance
- Strong Excel and PowerPoint
Nice to have
- CPA
- Experience overseeing a third party fund administrator
- Audit and tax coordination for private funds
- Yardi or a similar investment management system
Details
- Hybrid: 4 days in the office in downtown Chicago, Fridays from home
- No travel
- $125K to $145K base + 20% target bonus, 401(k), medical, dental, vision, PTO
- Fast process: the hiring manager is interviewing now
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Connect Search, LLC
Executive Search and Recruitment Services
Connect Search, LLC is an executive and professional search firm specializing in recruiting for Finance & Accounting, Financial Services, Information Technology, and other sectors. The firm operates nationwide with a headquarters in Chicago, IL, providing strategic recruiting support and talent network development.
