Accounting Associate - Investment Fund Accounting Chicago, IL

Tbwa Chiat/Day Inc • Chicago, IL, United States • $200k - $250k / year • 1w ago

Chicago, IL

Reporting To: Accounting and Finance Manager & CFO

Tyree & D'Angelo Partners ("TDP") is a private equity investment firm that focuses on control investments in the lower middle market (companies with $1-5M of EBITDA). We look for investments where we can establish true collaborative partnerships with business owners and management teams that will lead to substantial value creation over a long-term investment horizon.

TDP’s track record of building high-growth and lower risk companies is driven by a buy & build investment strategy, that is based on tested methods of value creation and a true partnership approach with executives and business owners. TDP works in collaboration with executive leaders utilizing an investment thesis driven process designed to build companies with a differentiated customer value proposition.

TDP invests in the healthcare, consumer, and business services sectors, focusing on high-quality founder owned businesses that we can grow with our high probability of success process. TDP companies have completed over 900 partnerships, have grown to over $4 billion of enterprise value, and TDP has over $1.4 billion of capital under management. For more information, please visit www.TDPfund.com

We are seeking an Accounting Associate to join the Firm Operations team. The chosen candidate will work closely with the senior management with the execution of the accounting and finance function while balancing ad hoc projects. Timely execution of financial reporting for operating and investment entities including monthly, quarterly, and annual deliverables is paramount.

The candidate will join a highly collaborative and motivated team in a dynamic environment with substantial opportunity to create value and contribute to the TDP’s growth. Qualified candidates should demonstrate a strong desire and passion for accounting, finance, M&A, and a great goal-oriented attitude.

Job Responsibilities

Provide effective financial analysis and management assistance for budgeting, planning, and reporting requirements.
Assist with the execution of timely, accurate reporting of financials and deliverables to firm management including monthly financials, semi-annual financials, and annual tax and audit deliverables within agreed upon timeframes.
Assist with the preparation of quarterly and yearly financial statements and investor reporting for all TDP Funds.
Summarize and communicate information related to the tax position and impact of the various TDP legal entities.
Analyze and review valuation inputs and calculations.
Assist with cash management for all TDP and related entities including accounts payable, accounts receivable, invoicing, and disbursements for operating expenses.
Track and reconcile fund fees and expenses.
Maintain and track compliance requirements as an SEC Registered Investment Adviser.
Develop and maintain current knowledge on FASB and GAAP accounting pronouncements relating to private equity.
Monitor compliance with limited partnership agreements.
Ensure strict confidentiality with all matters within the role.
Assist with IT management and execution.
Provide administrative support when required.

Requirements

2+ years of prior accounting & finance within private equity, fund administration or public accounting with a focus on audit or tax of private equity funds
Prior experience with accounting software, but not required
Prior experience with tax reporting of private equity funds, but not required
Advanced in Microsoft Office products
Bachelor’s degree in accounting or finance required, advanced degrees a plus
CPA designation strongly preferred

Compensation

Highly competitive compensation consisting of base salary and an annual performance bonus