About the role#
This summer internship offers an opportunity to gain experience in fund accounting within the financial services industry. You will support the Fund Finance department by performing accounting functions for partnerships and accounts managed by the firm. This is a full-time, on-site position located in Chicago for the summer of 2027.
What you'll do#
- Maintain accounting ledgers for fund-of-hedge funds and related investment vehicles.
- Review monthly investment valuations using practical expedient.
- Manage, monitor, and provide guidance to outsourced service providers.
- Reconcile cash balances for current and expected cash flows.
- Act as a liaison between the firm and underlying managers or administrators.
- Calculate and report fund performance on a weekly and monthly basis.
- Collaborate with internal teams including tax, legal, treasury, and client services.
- Assist investment and client relationship personnel with ad-hoc requests and general accounting tasks.
- Participate in special projects as needed.
What you'll need#
- Currently pursuing a BA or BS in Accounting or Finance with strong academic credentials.
- Coursework or internship experience in investments or financial markets.
- Knowledge of partnership accounting and exposure to financial reporting, auditing, and tax.
- Advanced knowledge of MS Excel is preferred but not required.
- Ability to handle multiple tasks simultaneously with high attention to detail.
- Strong written and verbal communication skills.
- A self-starter mindset with the ability to think independently and exercise good judgment.
- Curiosity about AI and a willingness to use AI-enabled tools to improve productivity and workflows.
Location & details#
- Location: Chicago, Illinois.
- Term: Summer 2027.
- Work Modality: On-site.
- Compensation: This position is paid with an annual pay range of $65,000 to $70,000.
- Eligibility: Applicants must be authorized to work in the United States. This position does not provide visa sponsorship.
About GCM Grosvenor
GCM Grosvenor is a global alternative asset management firm. Founded in 1971, the company manages approximately 87 billion dollars in assets across private equity, infrastructure, real estate, and credit strategies. It serves institutional and high net worth investors from its headquarters in Chicago and several international offices. The firm employs between 501 and 1,000 people.
How to get in at GCM Grosvenor
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