GCM Grosvenor is a global alternative asset management solutions provider with approximately $86 billion in assets under management. The summer intern will be responsible for performing fund accounting functions for Private Equity investment partnerships and accounts, including maintaining accounting ledgers, reviewing financial statements, and supporting the audit process.
Responsibilities
Maintain the accounting ledgers for private equity funds and related investment vehicles.
Review quarterly and annual financial statement valuations utilizing practical expedient.
Review valuations and cash flows for co-investments.
Review daily transactions including capital calls and distributions.
Manage, monitor, and provide guidance to the outsourced accounting providers.
Reconcile cash balances for current and expected cash flows.
Facilitate and influence process changes associated with the build-out of a several new business processes.
Review quarter-end receivables, payables, and foreign translation adjustments.
Effectively work with other teams throughout the firm, including tax, legal, treasury, client services, etc.
Support investment and client relationship personnel on ad-hoc requests.
Facilitate the annual financial statement audit process with the funds’ auditors.
Assist in special projects as requested.
Qualification
Required
Pursuing a BA/BS in Accounting/Finance with outstanding academic credentials; applicable coursework or internship in the field of investments or financial markets.
Knowledge of partnership accounting as well as exposure to financial reporting, auditing, and tax.
Demonstrated team player; self-starter; independent thinker; excellent judgment.
Positive mind set with an eagerness to learn and desire to build and improve process.
Proven ability to work in a fast paced environment with a high level of flexibility, accuracy, and attention to detail.
Ability to handle multiple tasks simultaneously.
Good written and verbal communication skills.
PC experience – advanced knowledge of MS Excel preferred, however, not required.
Preferred
Comprehensive healthcare coverage (including medical, dental, vision and life insurance)
Flexible spending accounts
Employer sponsored retirement plan
Paid time off
Parental leave
Short-term and long-term disability
Other care/wellness programs
GCM Grosvenor is an investment management firm that specializes in hedge funds, private equity, real estate, and infrastructure investments.
