Fund Accountant Jobs in Chicago, IL
Fund Accountant jobs in Chicago are in strong demand, concentrated in the Loop, Streeterville, and the West Loop across private equity, hedge funds, and asset management firms. Employers actively hiring include Northern Trust, Standish Management, and PGIM. See the openings below and apply to the ones that match your experience.
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Position Summary
We are seeking a highly skilled accounting and finance professional to oversee joint venture (JV) financial operations for a large-scale real estate investment platform. This role will manage JV-level budgeting, forecasting, cash management, capital accounts, debt compliance, investor reporting, and acquisition/disposition accounting. The ideal candidate will have deep expertise in real estate accounting, strong technical GAAP knowledge, and experience managing complex JV structures. A CPA designation is highly preferred.
This role is hybrid, with one day per week remote, following an interim period.
Key Responsibilities
Budgeting, Planning & Forecasting (JV-Level)
- Prepare Annual Business Plan, Operating Budget, and Capital Budget for investor review and approval.
- Consolidate property-level budgets into JV-level budgets and perform variance analysis and reforecasting.
Cash Management, Treasury & Capital Calls
- Prepare capital call calculations and issue notices per JV agreement.
- Manage JV, HoldCo, and SPE bank accounts, cash flow forecasting, and liquidity planning.
- Participate in distribution waterfall calculations and promote mechanics.
Property-Level Oversight
- Review property-level accounting prepared by third-party managers for GAAP and investor compliance.
- Coordinate on cash forecasting, budget adherence, TI/LC accounting, and reimbursement processes.
Capital Accounts & JV Economics
- Maintain capital accounts per GAAP, tax rules, and JV agreement.
- Track investment tranches, capital balances, preferred returns, and promote tiers.
Debt Compliance & Lender Reporting
- Participate in covenant testing, lender reporting, and draw requests.
- Monitor escrow accounts and ensure compliance with financing agreements.
Investor Reporting & Performance Metrics
- Prepare quarterly investor reporting packages, including financial statements, variance analysis, capital account statements, and JV performance metrics (IRR, MOIC, equity multiples).
Acquisition & Disposition Accounting
- Support financial integration of new acquisitions, including opening balance sheets and bank setups.
- Manage final accounting at disposition, including sale allocations, reserve releases, and promote crystallization.
Qualifications
- Bachelor's degree in Accounting or Finance; CPA highly preferred.
- 5-7 years of progressive accounting experience, with at least 3 years in real estate or private equity JV structures.
- Strong technical knowledge of GAAP and JV accounting principles.
- Experience with budgeting, forecasting, and financial modeling.
- Proficiency in Yardi, MRI, Kardin, or similar real estate systems.
- Excellent analytical, organizational, and communication skills.
- Ability to manage multiple priorities in a fast-paced environment.
Preferred Skills
- Familiarity with REIT compliance and regulatory requirements.
- Experience with debt covenant monitoring and lender reporting.
- Advanced Excel and financial modeling capabilities.
- Exposure to investor reporting and performance metrics (IRR, MOIC, equity multiples).
- Strong understanding of JV agreements and promote structures.
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About Lincoln Property Company
Lincoln Property Company ("Lincoln") is one of the largest private real estate firms in the United States. Offering a fully integrated platform of real estate services and innovative solutions to owners, investors, lenders and occupiers, Lincoln supports the entire real estate lifecycle across asset types, including office, life science, retail, industrial, data center, production studio, healthcare, government, universities, and mixed-used properties, throughout the United States, United Kingdom, and Europe. Lincoln's combined management and leasing portfolio on behalf of institutional clients includes more than 562 million square feet of commercial space. In addition to providing third-party real estate services, Lincoln has completed over 164 million square feet of development since its inception in 1965 and has another $19.5 billion currently under construction or in the pipeline. For more information, visit: www.lpc.com.
All job offers are contingent on completion of a background check and proof of eligibility to work in the United States.
By submitting your information or resume in response to this opportunity, you acknowledge that your personal information will be handled in accordance with the companies privacy policy.
Lincoln Property Company does not accept unsolicited resumes from third-party recruiters unless they were contractually engaged by Lincoln Property Company to provide candidates for a specified opening. Any such employment agency, person or entity that submits an unsolicited resume does so with the acknowledgement and agreement that Lincoln Property Company will have the right to hire that applicant at its discretion without any fee owed to the submitting employment agency, person or entity. At this time, we are not working with any agencies.
See All 18 Fund Accountant Jobs in Chicago
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Find Fund Accountant JobsFund Accountant Job Market in Chicago
Who's Hiring
- Northern Trust3
- Standish Management2
- PGIM1
- Deloitte1
- EisnerAmper1
Top Industries Hiring
- Investment & Asset Management7
- Consulting & Professional Services4
- Accounting & Auditing2
Fund Accountant Jobs in Chicago: Frequently Asked Questions
How do I get a fund accountant job in Chicago?
Target Chicago's dense cluster of private equity firms, hedge funds, and fund administrators headquartered in the Loop and West Loop. Candidates with experience in net asset value calculations, investor reporting, or partnership accounting stand out locally. Familiarity with Geneva, Investran, or Advent software is a practical edge, as those platforms appear frequently in Chicago job postings. Networking through CFA Society Chicago or financial industry events in River North also opens doors.
Which companies hire fund accountants in Chicago?
Chicago fund accountant roles are posted by Northern Trust, Standish Management, and PGIM and others right now, based on current listings on Migrate Mate as of June 2026. The hiring base includes global asset managers, private equity sponsors, fund administrators, and large institutional banks with alternative investment operations based in downtown Chicago.
Are there remote fund accountant jobs in Chicago?
Yes, though availability depends on the role. Fund accounting work tied to month-end close, audit support, and investor reporting can shift to hybrid arrangements, but roles requiring daily interaction with traders or on-site operations tend to stay in-person. About 20% of fund accountant openings tied to Chicago are remote or hybrid as of June 2026. Hybrid schedules are most common at fund administrators and larger asset managers in the Loop.
How can I get a fund accountant job in Chicago with little or no experience?
The most realistic entry path in Chicago is targeting fund administrator roles that hire accounting graduates directly for junior NAV analyst or fund accounting associate positions. Chicago-based firms like fund administrators and bank custody operations routinely hire candidates with a degree in accounting or finance and no prior fund-specific experience. Internships through DePaul, Loyola, or University of Illinois Chicago accounting programs frequently convert to full-time offers at these same employers.
Which industries hire the most fund accountants in Chicago?
Chicago fund accountant roles concentrate in Investment & Asset Management, Consulting & Professional Services, and Accounting & Auditing, based on current listings on Migrate Mate as of June 2026. Chicago's standing as a major derivatives and alternative investment hub means private equity, hedge funds, and fund administration consistently drive the highest local demand for this role.
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