Overview
Private Equity Finance Associate Jobs in Greater Chicago Area at Hughes Partners
Title: Private Equity Finance Associate
Company: Hughes Partners
Location: Greater Chicago Area
Hughes Partners is working with a client who is seeking a detail-oriented and motivated Associate to support the Chief Operating Officer across a broad range of investment operations, fund accounting, compliance, and client reporting functions. This is an excellent opportunity for an early-career professional looking to build deep expertise in alternative investment fund operations within a fast-paced environment.
The ideal candidate is highly organized, proactive, and comfortable juggling multiple workstreams. You will work closely with the COO and external service providers including fund administrators, auditors, tax advisors, and legal counsel to keep all operational processes running smoothly and on schedule. For a finance leader who enjoys private equity, fund accounting, process ownership, and working in a lean but sophisticated environment, this position offers the chance to make a visible impact and help establish the finance operating model for the next stage of the firm.
CANDIDATE PROFILE
Investment Operations
- Assist in the management of vehicle formation, operating document creation, and
account opening processes
- Support the onboarding of new service providers and assist with ongoing vendor
management
- Help maintain operating documents and accounts across all firm and fund entities
- Coordinate account setup globally as needed (trading, banking, custody, etc.)
- Support records retention setup, organization, and ongoing management
Accounting Support
- Assist with oversight of quarterly NAV preparation by fund administrators
- Support internal review of gross and net performance figures
- Help review management fee and performance fee calculations
- Process and track vendor invoices; coordinate review and payment workflows
- Support the accrual accounting process and related reconciliations
- Help manage the ongoing administrator relationship, including documentation and fee tracking
Client Reporting & Investor Relations
- Support the subscription and redemption process and assist with onboarding new investors
- Help oversee the investor statement preparation and distribution process
- Assist in responding to investor requests and inquiries
- Review client documentation and help maintain accurate commitment records
Compliance Support
- Help monitor firm and fund filings for timeliness and accuracy (ADV, Form D, PF, state
filings, etc.)
- Assist with the management of firm and fund registrations globally
- Assist with the review of presentations, tear sheets, and other marketing materials
- Help maintain and update internal policies and procedures documentation
Audit & Tax Preparation
- Assist in coordinating the annual fund audit process, from financial statement
preparation through final distribution
- Help manage the review and distribution of investor K-1s
- Support tax preparation and filing coordination to ensure timeliness and accuracy
- Assist with relationship management with audit and tax vendors
QUALIFICATIONS
• Bachelor's degree in Finance, Accounting, Business Administration, or a related field
• 2–4 years of experience in financial services, fund operations, public accounting, or a similar environment
• Strong organizational skills and meticulous attention to detail
• Excellent written and verbal communication skills
• Proficiency in Microsoft Excel and Word; comfort working with financial data
• Ability to manage multiple priorities and meet deadlines in a fast-paced environment
Preferred
• Familiarity with alternative investment funds (hedge funds, private equity, or similar)
• Exposure to fund administration, compliance filings, or investor relations
• Understanding of regulatory filings such as Form ADV, Form D, or 13F
• CPA candidate, CFA Level I, or CAIA candidate a plus
