Fund Accountant Jobs in Illinois

Position Information

Hiring Manager: Controller
Department: Fund Accounting

Department Overview

The Fund Accounting Department is responsible for the financial and investor reporting associated with Golub Capital’s private (e.g., non-Business Development Company) investment funds and vehicles. The team provides accounting and/or reporting for internal vehicles, limited partnerships, and separately managed accounts pursuant to the governing limited partnership and investment management agreements and, where appropriate, in accordance with United States Generally Accepted Accounting Principles. Fund Accounting also provides Golub Capital’s management companies and leadership with reporting and analysis in support of existing business and new initiatives.

Key responsibilities include the set up and ongoing maintenance of investment vehicles/capital accounts, monthly closes and ongoing maintenance of each fund’s general ledger; production of quarterly financial and investor reporting, support of annual external audits of approximately 40 financial statements, forecasting fund performance and producing management and regulatory reporting.

To accomplish these responsibilities, Fund Accounting has sub-teams that focus on Private Funds, PEARLS (institutional funds and separately managed accounts) and Reporting. The Fund Accounting Department interacts extensively with Golub Capital’s Operations, Treasury, Tax, Investor Communications, Technology Solutions, Business Development, Business Development Companies, Compliance and Valuation Teams.

Position Responsibilities

This individual will be responsible for the accounting and reporting for multiple funds, new initiatives and ad-hoc requests. This individual will focus on finding and implementing process improvement efficiencies and employing best practices.

Primary duties and responsibilities include:

• Leading the accounting and reporting for multiple of Golub Capital’s various investment funds and vehicles, ensuring processes and output are consistent with US GAAP and specific partnership agreements
• Assisting in the launch of new funds which includes reviewing legal documents, implementing month end close processes and collaborating with the Technology Solutions Team to ensure proprietary systems are developed to support fund mechanics
• Operationalizing complex partnership agreements and accounting for investments, incentive fee arrangements and partner allocations
• Leading the calculation and booking of fund level expenses such as management fees, incentive fees and accruals in accordance with GAAP and applicable legal documents
• Reviewing the preparation of balance sheet, income statement and monthly reporting package for multiple private funds
• Assisting the Investor Communications Team in meeting investor reporting requirements and responding to various investor requests through the preparation of quarterly statements
• Managing third party administrator on the NAV production for specific legal entities as needed
• Developing and maintaining strong, results oriented relationship with third party administrators to achieve the Firm’s quality and timeliness objectives
• Driving analysis and support for capital calls and distributions, coordinating with Investor Communications, Treasury and Senior Leadership on the planning, preparation and execution of calls and distributions
• Providing timely, accurate and meaningful reporting and analysis to Firm leadership
• Supporting the preparation of the financial statements and providing information and support to the Firm’s independent auditors
• Assisting in various ad-hoc projects and requests
• Promoting the implementation of process improvement opportunities
• Collaborating and partnering closely with Fund Accounting Team members as well as other Shared Services Teams (e.g., Investor Communications, Treasury, Operations and Tax)

Candidate Requirements

Qualifications & Experience:

• Bachelor’s degree in Accounting is required
• CPA is strongly encouraged
• 8+ years of accounting experience in the financial services industry (e.g., private equity, leveraged finance, hedge fund)
• Advanced proficiency in Excel required
• A mix of public accounting and industry experience is a plus
• Proficiency in Workday, Wall Street Office, Geneva and similar packages is a strong plus
• Exceptional team orientation and collaboration skills, prior people leadership experience preferred
• Enthusiastic about working in office and creating a Gold Standard hybrid work culture

Critical Competencies for Success

Our Gold Standards define key behaviors and competencies across 4 dimensions: Leadership, Achieving Results, Personal Effectiveness and Thinking Critically. These behaviors and competencies drive our ability to win together.

• Leadership: Role models in this area consistently focus on the right goals and priorities and continually develop themselves and others. Always team players, they influence and engage with others to contribute to a supportive and inclusive culture where all feel welcome.
• Achieving Results: Role models in this area are high achievers who develop careful plans and deliver consistently and effectively. They hold themselves and others accountable for delivering high quality results, and they remove barriers to ensure others can contribute and grow.
• Personal Effectiveness: Role models in this area build strong relationships, treat others with respect and communicate effectively. They are driven to exceed expectations and are adaptable to changing circumstances.
• Thinking Critically: Role models in this area understand our business, rely on analytical reasoning and seek diverse perspectives to solve problems. They are forward thinking, anticipating issues and addressing them in advance.

The department-specific competencies define the knowledge, skills and abilities that are needed to successfully perform the functional or technical work of this role.

• GAAP and Internal Policy: Ensures deliverables and processes are executed in accordance with internal procedures, policy and Generally Accepted Accounting Principles (“GAAP”).
• Financial Analysis: Leverages financial policies, accounting principles, technology, financial analytics and metrics to produce accurate work products and generate insights.
• Firm / Product Knowledge: Demonstrates an understanding of the Firm's position in the industry, including its products, complex structure and competitive advantage in the marketplace. Monitors industry trends and changes and recognizes their relevancy and implications.
• Client and Investor Focus: Demonstrates an understanding of investor interests and deliverables and frames decisions with the investor’s view in mind.
• Innovative Mindset: Leverages a detailed, agile and creative mindset to master processes and responsibilities, as well as drive value-added enhancements, continuous process improvement and proactive learning through new technology, processes and people.
• Communication and Documentation: Documents processes and procedures and communicates to relevant stakeholders. Adapts the level of detail and specificity based on the needs of the intended audience.

Compensation & Benefits

For Illinois Only: It is expected that the base salary range for this position will be $95,000 to $150,000. Actual salaries may vary based on factors such as skills, experiences and qualifications for the role. The total compensation package for this position may also include other elements and discretionary awards in addition to a full range of medical, financial and/or other benefits (including 401(k) eligibility and various paid time off benefits such as vacation, sick time and parental leave) dependent on the position offered. Details of participation in these benefit plans will be provided if an employee receives an offer of employment. If hired, the employee will be in an ‘at-will position’ and the Firm reserves the right to modify base salary (as well as any other discretionary payment or compensation program) at any time including for reasons related to individual performance, Firm or individual department/team performance and market factors.

Golub Capital is an Equal Opportunity Employer.

Due to the highly regulated nature of Golub Capital’s business and because of the sensitivity of the information that all personnel have access to, Golub Capital performs extensive and thorough pre-hire screens to ensure that its personnel act with expected levels of integrity, professionalism and personal responsibility.

Please review Golub Capital’s US Job Applicant privacy notice and, for California residents, the California Applicant privacy notice for information on how your personal data is collected, processed and stored.