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Intern (Fund Accounting)

Remote:

Full Remote

Contract:

Full time

Experience:

Entry-level / graduate

Work from:

New York (USA), United States

Offer summary

Qualifications:

Pursuing bachelor's or master's in accounting/finance, Proficiency in Microsoft Excel, Strong analytical and problem-solving skills, Excellent attention to detail, Ability to multi-task in dynamic environment.

Key responsabilities:

Assist in monthly/quarterly accrual processes
Review expenses and book accruals
Submit and review wires
Conduct quarterly reimbursements and write-off analysis
Interact with fund accountants for insights

HPS Investment Partners, LLC Financial Services SME http://www.hpspartners.com/

501 - 1000 Employees

See more HPS Investment Partners, LLC offers

Job description

HPS Investment Partners is a leading global investment firm that seeks to provide creative capital solutions and generate attractive risk-adjusted returns for our clients. We manage various strategies across the capital structure, including privately negotiated senior debt; privately negotiated junior capital solutions in debt, preferred and equity formats; liquid credit including syndicated leveraged loans, collateralized loan obligations and high yield bonds; asset-based finance and real estate. The scale and breadth of our platform offers the flexibility to invest in companies large and small, through standard or customized solutions. At our core, we share a common thread of intellectual rigor and discipline that enables us to create value for our clients, who have entrusted us with approximately $145 billion of assets under management as of August 2024. HPS has approximately 200 investment professionals and over 700 total employees, and has fourteen offices globally.

HPS believes in the importance of giving back to its communities, and in promoting diversity and inclusivity at the firm. We are dedicated to fostering enduring community relationships, and we support our team’s community involvement through volunteer work, board service, and other contributions. In addition, environmental, social, and governance (ESG) considerations are central to HPS’s culture and investment processes.

Position Description
As a Fund Accounting Intern focusing on expenses, you will gain hands-on experience in the financial services industry, specifically in fund accounting. This internship will provide you with the opportunity to learn about expense analysis and the overall management of investment funds. You will assist the fund accounting team in ensuring accurate tracking and reporting of expenses related to various investment funds.

Responsibilities

Specific responsibilities will include but not be limited to the following:

Assist in monthly/quarterly accrual process, including

Assisting with compiling quarter-over-quarter change report
Reviewing expenses
Booking accruals into VPM

Submitting and reviewing wires
VPM general ledger booking
Quarterly/monthly admin fee review and reconciliation
Interacting with fund accountants to learn fund nuances
Quarterly reimbursements
Write-off analysis

Candidate Profile

Strong organizational skills and a proven ability to multi-task in a fast-paced, dynamic environment
Professional demeanor: ability to maintain composure at all times
Self-starter with a track record of driving results
Willingness to aid in ad-hoc projects as they arise
Pursuing a bachelor’s degree in accounting/finance or pursuing a master’s degree in accounting
Strong analytical and problem-solving skills
Proficiency in Microsoft Excel
Excellent attention to detail and organizational skills
Team Player: ability to work collaboratively in a team-oriented environment.

Location New York, NY

Dates: November 2024 – April 2025

Employment Type Full time (40 hours/week) but open to flexibility if needed, Non-Exempt

Work Schedule M-Th in NY office, Friday work from home; 9am-6pm or flexibility as needed