Intern (Fund Accounting)

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 financial reporting, you will gain hands-on experience in the financial services industry, specifically within the financial reporting function of fund accounting. You will assist with various responsibilities of the financial reporting function, working closely with the Fund Accounting team and getting exposure to private fund financial statements and disclosures as well as the broader Fund Accounting department.

Responsibilities                                                                                                                                                                                 

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

• Assist in preparing and reviewing fund financial statements in accordance with US GAAP
• Track progress of the financial statement cycle and ensure we are meeting deadlines
• Interact with various internal groups for review of financial statement disclosures
• Coordination with various third-parties including fund administrators and auditors

Candidate Profile

• Pursuing a Bachelor’s degree in accounting/finance or pursuing a Master’s degree in accounting
• Interest in the asset management industry
• Strong organizational skills and a proven ability to multi-task in a fast-paced, dynamic environment
• Team-player, collaborative by nature and communicates effectively
• Self-starter with a track record of driving results
• Willingness to provide assistance on ad-hoc projects as they arise
• Proficiency in Microsoft Excel

Location New York

Dates: November 2024 – April 2025

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

Work Schedule Mon – Thurs in New York office, Fridays remote, 9:00am-6:00pm. Can be adjusted if flexibility is needed