Portfolio Accountant

Briar Hall LLC (“Briar Hall”) is a full-service single-family office seeking a Portfolio Accountant.  The role offers significant opportunities for professional growth including hands-on experience with complex partnership accounting and exposure to advanced financial technologies.  It also provides a unique opportunity to learn about a niche industry and to gain skills in an area that will enhance personal and professional growth.  

This position is based in our office in downtown Chicago. We offer a flexible hybrid work environment, with three days in the office and two days remote typically.

Key responsibilities

• Develop proficiency and then expertise in utilizing various private equity software tools
• Gain a comprehensive understanding of all entity structures and the financial data required to prepare accurate financial statements and investment reports
• Reconcile bank accounts and ensure accuracy across all investment-related transactions including capital call, distributions, valuations and expenses
• Perform daily cash flow projections as the General Partner of the underlying partnerships
• Assist in reviewing private equity and hedge fund activity, ensuring proper documentation and compliance
• Participate in the month-end, quarter-end and year-end close of the private equity partnerships with varying degrees of complexity
• Prepare journal entries and supporting schedules 
• Conduct initial review of financial statements 
• Assist in compiling reports for the monthly Investment Committee meeting
• Support the preparation of investor reports, capital statements, short-term cash flow projections, settlement statements and private equity performance reports
• Assist with annual tax compliance
• Track and reconcile K-1’s and 1099s
• Reconcile annual contributions and distributions
• Prepare tax true-up schedules and taxable income estimates for underlying deals
• Provide ad-hoc reporting and analytical support to the investment team
• Recommend and implement process improvements to enhance operational efficiency and data integrity

The ideal candidate will bring 2 to 4 years of relevant accounting experience along with a strong attention to detail, adaptability and a collaborative mindset.  All Briar Hall employees are always expected to demonstrate unquestioned integrity and discretion. 

Desired skills and characteristics include:

• Intellectually curious
• Exceptional analytical skills and problem-solving ability
• Strong aptitude for technology
• Meticulous attention to detail and respect for process
• Superior organization skills and dedication to completing projects in a timely manner
• Strong personal motivation and a high level of initiative
• Excellent verbal, written and interpersonal communication skills
• Ability to adapt to a changing environment and handle multiple priorities

Education Requirements

A bachelor’s degree in accounting is required. Tax experience is a plus. CPA certification is strongly recommended.