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2025 Fund Finance Accounting Operations Summer Intern

GCM Grosvenor is a leading global alternative asset management firm looking for a summer intern to assist in fund accounting functions.

Skills

  • Knowledge of partnership accounting
  • Financial reporting
  • Auditing
  • Excellent communication skills
  • Advanced MS Excel knowledge (preferred)

Responsibilities

  • Maintain accounting ledgers for private equity funds
  • Review financial statement valuations
  • Manage outsourced accounting providers
  • Reconcile cash balances
  • Support annual financial statement audit process

Education

  • Pursuing a BA/BS in Accounting/Finance

Benefits

  • Comprehensive benefits package
  • Health and wellness focus
  • Retirement planning
  • Diversity and inclusion initiatives
To read the complete job description, please click on the ‘Apply’ button
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CEO of GCM Grosvenor
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What You Should Know About 2025 Fund Finance Accounting Operations Summer Intern, GCM Grosvenor

Are you ready to dive into the fascinating world of finance? GCM Grosvenor, headquartered in sunny Chicago, is on the lookout for a talented 2025 Fund Finance Accounting Operations Summer Intern to join our dynamic team! This internship is an exciting opportunity to learn the intricacies of fund accounting specifically tailored for private equity investment partnerships. You'll play a vital role in maintaining our accounting ledgers for various funds and investment vehicles, ensuring accuracy and compliance. Your responsibilities will also include reviewing quarterly and annual financial statements, monitoring daily transactions, and reconciling cash balances. We value collaboration, so you'll get to work closely with teams across the firm—from tax and legal to client services—on a range of important tasks, including facilitating the annual audit process. As a part of the GCM Grosvenor family, you'll thrive in an environment geared towards excellence and continuous improvement. We're looking for self-starters with a positive mindset and a strong academic background in Accounting or Finance. If you have an eagerness to learn and a desire to make an impact in the financial world, join us this summer and kickstart your career journey!

Frequently Asked Questions (FAQs) for 2025 Fund Finance Accounting Operations Summer Intern Role at GCM Grosvenor
What are the main responsibilities of a 2025 Fund Finance Accounting Operations Summer Intern at GCM Grosvenor?

As a 2025 Fund Finance Accounting Operations Summer Intern at GCM Grosvenor, you will be responsible for maintaining accounting ledgers for private equity funds, reviewing financial statements and valuations, managing daily transactions, and providing guidance to outsourced accounting providers. You'll also work on reconciliation of cash flows, facilitate audits, and support various teams within the firm.

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What qualifications do I need to become a 2025 Fund Finance Accounting Operations Summer Intern at GCM Grosvenor?

To qualify for the 2025 Fund Finance Accounting Operations Summer Intern position at GCM Grosvenor, you should be pursuing a BA/BS in Accounting or Finance, possess strong academic credentials, and have relevant coursework or internships related to investments or financial markets. Knowledge of partnership accounting, financial reporting, and a proactive attitude will also be beneficial.

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How does the 2025 Fund Finance Accounting Operations Summer Intern role at GCM Grosvenor contribute to my career growth?

The 2025 Fund Finance Accounting Operations Summer Intern role at GCM Grosvenor offers invaluable exposure to fund accounting practices within a leading asset management firm. You will gain hands-on experience in financial reporting, enhance your analytical skills, and develop a strong network by collaborating with experienced professionals, setting a solid foundation for a successful finance career.

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What skills are important for success as a 2025 Fund Finance Accounting Operations Summer Intern at GCM Grosvenor?

Successful candidates for the 2025 Fund Finance Accounting Operations Summer Intern at GCM Grosvenor should demonstrate excellent judgment, attention to detail, and the ability to multitask in a fast-paced environment. Strong written and verbal communication skills, a collaborative spirit, and a good understanding of MS Excel will also greatly enhance your chances of excelling in this role.

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What can I expect during the internship experience as a 2025 Fund Finance Accounting Operations Summer Intern at GCM Grosvenor?

During your internship as a 2025 Fund Finance Accounting Operations Summer Intern at GCM Grosvenor, you can expect hands-on training in fund accounting processes, interactions with diverse teams within the firm, and exposure to real-world financial operations. Additionally, you'll benefit from a culture focused on professional development, teamwork, and networking opportunities.

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Common Interview Questions for 2025 Fund Finance Accounting Operations Summer Intern
What interests you about the Fund Finance Accounting Operations Summer Intern position at GCM Grosvenor?

When answering this question, express your passion for finance and accounting, and how the opportunity to work at GCM Grosvenor aligns with your career aspirations. Highlight specific aspects of the role that excite you, such as maintaining fund accounting ledgers or collaborating with different departments.

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How do you prioritize multiple tasks during busy periods?

In response to this question, share your strategies for time management, such as creating to-do lists, setting deadlines, or using digital tools to organize tasks. Illustrate your ability to remain focused and flexible under pressure.

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Can you describe your experience with financial software or tools?

When discussing your experience with financial software, focus on your proficiency in relevant programs, such as MS Excel, and any coursework or projects that involved data analysis, modeling, or financial reporting. Highlight how this knowledge will be applicable in the internship.

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What is your understanding of partnership accounting?

Demonstrate your knowledge of partnership accounting by discussing the key principles, such as the allocation of profits and losses among partners, capital account management, and compliance with accounting standards. Relate your coursework or experiences that helped you grasp these concepts.

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How would you handle a discrepancy in financial data?

Explain your approach to resolving discrepancies in data by emphasizing your analytical skills and attention to detail. Provide an example of a situation where you identified and resolved such an issue, focusing on your problem-solving methodology.

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What are your long-term career goals in finance?

Share your long-term aspirations in the finance field, indicating specific areas of interest, such as investment management, accounting, or financial analysis. Explain how the internship at GCM Grosvenor fits into this career trajectory.

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How do you stay updated on developments in the finance and investment sectors?

Discuss your methods of staying informed about the finance and investment sectors, such as following industry news, reading finance-related publications, or participating in finance clubs or workshops. This will demonstrate your dedication to continuous learning.

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What qualities make you a strong team player?

Highlight your interpersonal skills and experiences that showcase your ability to collaborate effectively with others. Describe situations where your communication, support, and contribution to group goals helped achieve success.

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Describe a challenging project you worked on and how you contributed to its success.

Provide an example of a challenging project and outline your specific role in overcoming obstacles or achieving the project goals. Emphasize your analytical and leadership skills while showcasing your ability to contribute positively to team dynamics.

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How would you prepare for the annual financial statement audit process?

When addressing this question, outline a step-by-step approach you would take to prepare for the annual audit. Discuss the importance of thorough documentation, communication with auditors, and collaboration with various departments to ensure a smooth process.

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Our goal is to provide our clients with attractive risk-adjusted investment performance. We have a long history of investment excellence founded in research, opportunity identification, and investment implementation.

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EMPLOYMENT TYPE
Internship, on-site
DATE POSTED
January 14, 2025

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