GCM Grosvenor

Global alternative asset manager and advisor

Fund Accounting Intern

Financial AccountingUpdated on Nov 12

Internship · Summer 2027Chicago, IL, USAIn-person

About the Job

Requirements

The candidate must be pursuing a Bachelor of Arts or Bachelor of Science in Accounting or Finance and have outstanding academic credentials.
The candidate should have applicable coursework or internship experience in investments or financial markets.
The candidate should have knowledge of partnership accounting and exposure to financial reporting, auditing, and tax.
The candidate should have advanced knowledge of Microsoft Excel; this is preferred but not required.
The candidate should be curious about artificial intelligence and willing to use AI-enabled tools such as Claude and ChatGPT to improve productivity, problem-solving, and daily workflows.
Applicants must be currently authorized to work in the United States without employer sponsorship now or in the future. Applicants who require future sponsorship for continued work authorization, including following F-1 OPT/CPT or J-1 status, are not eligible.

Responsibilities

Maintain accounting ledgers for fund-of-hedge funds and related investment vehicles.
Review monthly investment valuations using the practical expedient.
Manage, monitor, and provide guidance to outsourced service providers.
Reconcile cash balances for current and expected cash flows.
Serve as a liaison between the firm and underlying managers or administrators.
Calculate and report fund performance weekly and monthly.
Work with teams throughout the firm, including tax, legal, treasury, and client services.
Support investment and client relationship personnel with ad hoc requests.
Perform general accounting responsibilities.
Assist with special projects as requested.

Desired Qualifications

The candidate should demonstrate a team-oriented approach, self-direction, independent thinking, and sound judgment.
The candidate should be eager to learn and interested in building and improving processes.
The candidate should be able to work in a fast-paced environment with flexibility, accuracy, and attention to detail.
The candidate should be able to handle multiple tasks simultaneously.
The candidate should have good written and verbal communication skills.

SUMMARY

The summer intern will be responsible for performing certain fund accounting functions for partnerships and accounts managed by the Firm.

RESPONSIBILITIES

The summer intern will be involved in the following critical activities:

Maintain the accounting ledgers for fund-of-hedge funds and related investment vehicles
Review monthly investment valuations utilizing practical expedient
Manage, monitor, and provide guidance to outsourced service providers
Reconcile cash balances for current and expected cash flows
Liaison between the Firm and underlying managers/administrators
Weekly and monthly calculation and reporting of fund performance
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
General accounting responsibilities
Assist in special projects as requested

EDUCATION, SKILLS AND EXPERIENCE REQUIREMENTS

The ideal experience and critical competencies for the role include the following:

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
Curiosity about AI and a willingness to use AI-enabled tools, such as Claude and ChatGPT, to improve producitvity, problem-solving, and day-to-day workflows

Interns are not eligible for employee benefits like health insurance, paid time off, or 401(k) plans.

This position is not eligible for employer visa sponsorship now or in the future (including, but not limited to, H-1B, TN, or other employment-based visas). Applicants must be currently authorized to work in the United States without the need for employer sponsorship now or in the future. Applicants requiring future sponsorship for continued work authorization (for example, following F-1 OPT/CPT, or J-1 status) are not eligible.

Actual base salary may vary based on factors such as individual's experience, skills, and qualifications for the role. Employees may be eligible for a discretionary bonus based on factors such as individual, team, and company performance as well as a comprehensive benefits package.

CHICAGO ANNUAL PAY RANGE

$65,000—$70,000 USD

ABOUT THE FIRM

GCM Grosvenor (Nasdaq: GCMG) is a global alternative asset management solutions provider with approximately $98 billion in assets under management across private equity, infrastructure, real estate, credit, and absolute return investment strategies.

The firm has specialized in alternatives for more than 54 years and has a diverse, engaged team of approximately 560 professionals serving a global client base. Eligible employees can elect to participate in comprehensive healthcare coverage (including medical, dental, vision and life insurance), flexible spending accounts, and the employer sponsored retirement plan. Additionally, employees are eligible for paid time off, parental leave, short-term and long-term disability, as well as other care/wellness programs.

The firm is headquartered in Chicago, with offices in New York, Toronto, London, Frankfurt, Tokyo, Hong Kong, Seoul, and Sydney. For more information, visit: gcmgrosvenor.com.

EQUAL OPPORTUNITY EMPLOYER M/F/D/V

CHICAGO ANNUAL PAY RANGE 65000 - 70000 USD

About the Company

GCM Grosvenor

Global alternative asset manager and advisor

GCM Grosvenor is a global asset manager focusing on alternative investments such as hedge funds, private equity, real estate, and infrastructure, managing about $76 billion for pensions, sovereign funds, and high-net-worth individuals. It builds customized investment solutions where client assets are allocated across various alternatives through funds or separate accounts, with fees based on assets under management and sometimes performance results. The firm distinguishes itself by offering tailored, multi-asset mandates with global reach and a blend of advisory services and investment management rather than a single product line. Its goal is to help clients achieve diversified exposure and solid risk-adjusted returns through carefully constructed portfolios of alternative assets.

Company size: 201-500
Company stage: IPO
Headquarters: Chicago, IL
Founded: 1971

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