Fund Accountant, CLO & Private Equity

*****If you are an internal associate, please login to Workday and apply through Jobs Hub.*******Working at PPM America, Inc.**PPM is a US-based institutional asset manager. Established in Chicago in 1990, PPM exists to consistently support institutional clients in achieving their long-term value goals. We offer our Midwestern mentality of hard work, straight talk, full transparency and humility. Our success is supported by a team-based culture that encourages debate, collaboration and consistency. At the center of our belief is the fact that our best ideas to date have and can come from any team member anywhere in our firm. We believe the success of our investment culture is best demonstrated by the strong retention of our clients and investment professionals. PPM was again named one of the Best Places to Work in Money Management by Pensions & Investments in 2024. We attract professionals who exhibit humbleness, directness, and dedication. PPM’s values guide our internal conduct and help define the type of relationships we share with our investors, affiliates, and other valued partners. Above all, PPM is passionate about giving back to our clients, to each other, and to our community. We understand that community and purpose are just as important as the job description when finding your next career.**Values**At PPM, our values are reinforced in our culture every day.

We act like owners.

Integrity guides all that we do, and we are committed to exercising sound judgment in every decision that impacts the company and serves our clients.

We are passionate about investment performance and driving results.

We are relentless in our efforts to provide best in class service.

We strive to build strong and lasting relationships with our clients, seeking to gain trust in everything we do.

We work collaboratively with transparency and accountability.

We operate as a team.

We rely on each other, are accountable to each other, and respect each other.

We value differences and unique perspectives and embrace the principle that great ideas can come from anyone.

We embrace change.

We are not afraid to challenge the status quo in search of a better, smarter or faster solution.

We value learning, challenge ourselves and motivate others.

We are also committed to positively impacting our community.

As a firm, we invest time, experience and fundraising efforts with our non-profit partners.**Job Purpose**The Fund Accountant, CLO & Private Equity plays a key role in supporting our Collateralized Loan Obligation (CLO) and Private Equity investment platforms. This role requires strong fund accounting knowledge, CLO experience, the ability to work independently, and a proactive approach to oversight and issue resolution. This role offers exposure to a variety of fund structures, accounting standards, and investment strategies. The role includes both periodic review responsibilities and active involvement in ad-hoc and project-based tasks. The key responsibilities for the Fund Accountant, CLO & Private Equity encompasses a blend of activities focused on both CLO structures and private equity investments, offering a comprehensive exposure to the distinct demands and processes of each platform.**Essential Responsibilities**## * CLO 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.* Private Equity Responsibilities:* 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.**Other Duties*** Performs other duties and/or projects as assigned.**Knowledge, Skills and Abilities*** Strong knowledge of CLO structures and fund operations, with knowledge of private equity operations preferred.* Familiarity with US GAAP standards.* Proficiency in Microsoft Excel.* Experience with fund accounting systems is a plus (e.g., Investran, Geneva, Allvue, or similar).* 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.**Qualifications*** 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.*The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not to be construed as an exhaustive list of all job duties performed by the personnel so classified.***Benefits**At PPM, we offer volunteer opportunities to get involved with a diverse network of peers and support the causes that are important to you. Your passion and talents can make a lasting impact on our organization and our community. Additionally, our employees go the extra mile every day and the benefits of working at PPM reflect our commitment to supporting and enhancing their personal and professional lives. The plans and programs listed below are offered in collaboration with our parent company.* Competitive salary and bonus* 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 volunteerEqual Employment Opportunity PPM America, Inc. is an equal opportunity employer and we base our employment decisions without unlawful regard or consideration of an individual’s race, color, religion, national origin, sex, gender, sexual orientation, ancestry, citizenship, age, marital status, veteran status, medical condition, non-job related disability, pregnancy or any other basis protected by federal, state, or local law.Equal Employment Opportunity PPM America, Inc. is an equal opportunity employer and we base our employment decisions without unlawful regard or consideration of an individual’s race, color, religion, national origin, sex, gender, sexual orientation, ancestry, citizenship, age, marital status, veteran status, medical condition, non-job related disability, pregnancy or any other basis protected by federal, state, or local law.**Base Pay:**$90,000.00 - $115,000.00. The base salary for this position may vary depending on experience, job-related knowledge, skills, and abilities. In addition to the base salary, this role will be eligible #J-18808-Ljbffr