PPM America, Inc. ยท 3 weeks ago
Fund Accountant, CLO & Private Equity
Chicago, IL
Full-time
Onsite
Mid Level
$90K/yr - $115K/yr
3+ years expPPM America, Inc. is a US-based institutional asset manager founded in Chicago in 1990, dedicated to supporting institutional clients in achieving their long-term value goals. The Fund Accountant, CLO & Private Equity will play a key role in supporting CLO and Private Equity investment platforms, requiring strong fund accounting knowledge and the ability to work independently while managing various accounting responsibilities.
Financial Services
Responsibilities
Reviews periodic financial statements or NAV reports for CLOs and related fund structures (prepared by the administrator) to ensure accuracy and consistency with governing documents and internal records
Participates in the review of periodic CLO distribution waterfalls prepared by the administrator
Reviews audited financial statements for CLO-related entities prepared by the administrator
Assists with internal and external audit requests and deliverables related to CLOs
Drafts payment instructions to trustee for CLO and related structures
Supports the oversight and maintenance of CLO retention structures
Performs ad-hoc analysis and responds to one-off accounting or reporting queries related to CLOs and risk retention structures
Works closely with the Bank Loan investments, Private Operations, Tax, and Legal teams
Prepares and analyzes financial statements and related reports
Conducts account reconciliations and variance analysis
Assists with forecasting and cost analysis
Assists with maintaining fund credit facilities
As necessary, manages and acts on the inflow of information and documents from fund investments including, but not limited to, capital call notices, capital distribution notices, and/or partners' capital statements
Calculates management fees
Ensures compliance with tax regulations and company policies
Prepares month-end, quarter-end, and year-end reports
Supports internal and external audits by providing necessary documentation
Develops and implements process improvements for efficiency
Mentors and guides junior accountants as needed
Performs other duties and/or projects as assigned
Qualification
Required
Bachelor's Degree in Accounting, Finance, or related field required
3+ years of experience in fund accounting, preferably within an investment management firm or fund administrator, required
Strong knowledge of CLO structures and fund operations, with knowledge of private equity operations preferred
Familiarity with US GAAP standards
Proficiency in Microsoft Excel
Excellent analytical, organizational, and communication skills
Ability to manage multiple priorities and meet deadlines in a dynamic environment
High level of initiative and self-motivation, with a strong work ethic and attention to detail
Preferred
Knowledge of private equity operations preferred
Experience with fund accounting systems is a plus (e.g., Investran, Geneva, Allvue, or similar)
Benefits
Medical, dental and vision coverage
401k retirement plan with dollar-for-dollar matching contributions (up to 6% of salary)
Tuition and professional certification reimbursement
Paid parental leave
Adoption assistance
Holidays and paid time off
Paid time off to volunteer
Company
PPM America, Inc.
PPM America, Inc. (PPM) is a client-focused investment manager.
201-500 employees
Funding
Current Stage
Growth StageLeadership Team
Craig Smith
President and CEO
Recent News
2025-11-23
Business Wire
2025-10-29
MarketScreener
2025-10-09
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