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Fund Associate Jobs in Illinois (NOW HIRING)

Robert Half

Senior Associate - Fund Accounting

Chicago, IL · On-site

$100K - $120K/yr

  • Medical

  • Dental

  • Vision

  • Life

Perform initial, detailed review of the quarterly NAV close process and quarterly financial statements prepared by the fund financial analysts inclusive of complex/illiquid assets accounting and ...

SS&C

Sales Executive Fund Administration

Chicago, IL · On-site

$150K - $180K/yr

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

Associate Director Locations : Boston, San Francisco, Chicago, NYC, Atlanta, Dallas, Los Angeles About the Role SS&C GlobeOp is a leading provider of cloud-based fund services, technology and ...

Standish Management

Associate

Chicago, IL · On-site

$62K - $67K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

We are a provider of specialized fund administration services for Managers and General Partners of ... Standish Management is looking for associates to join our fund administration team. With guidance ...

Winston & Strawn LLP

Funds Associate

Chicago, IL

A top 50 AmLaw firm is looking for an associate with 4 - 6 years of significant private equity fund formation and related matters experience. The candidate will have experience (preferably at a large ...

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Showing results 21-40

All JobsFund Associate JobsFund Associate Jobs in Illinois

Fund Associate information

See Illinois salary details

$26.2K

$136.8K

$300.9K

How much do fund associate jobs pay per year?

As of Aug 16, 2026, the average yearly pay for fund associate in Illinois is $136,835.00, according to ZipRecruiter salary data. Most workers in this role earn between $40,700.00 and $205,900.00 per year, depending on experience, location, and employer.

What is a fund associate?

Fund Associates are entry- to mid-level professionals who support the management and operations of investment funds, such as private equity, venture capital, or mutual funds. Their responsibilities typically include conducting financial analysis, performing due diligence on potential investments, preparing reports for investors, and assisting with fund administration. Fund Associates work closely with senior investment professionals to help evaluate opportunities and monitor portfolio performance. This role requires strong analytical skills, attention to detail, and often a background in finance, accounting, or a related field.

What is the difference between Fund Associate vs Investment Analyst?

AspectFund AssociateInvestment Analyst
Required CredentialsBachelor's degree, finance or related field; some roles may prefer CFA Level IBachelor's degree, finance/economics; CFA Level I often preferred
Work EnvironmentFinancial firms, asset management companies, private equity firmsInvestment banks, asset managers, hedge funds
Employer & Industry UsageCommon in asset management and private equityWidespread across investment firms and financial institutions
Common Search & Comparison IntentUnderstanding entry-level roles in fund managementAnalyzing roles in investment research and analysis

Fund Associates typically support fund operations, client reporting, and due diligence, focusing on administrative and operational tasks. Investment Analysts conduct in-depth market research, financial modeling, and investment analysis to inform decision-making. While both roles require finance knowledge and similar credentials, Fund Associates are more operational, whereas Investment Analysts focus on analysis and research.

What are some common challenges fund associates face when managing multiple investment portfolios simultaneously?

Fund Associates often manage several investment portfolios at once, which requires strong organizational and time-management skills. Balancing competing deadlines for reporting, due diligence, and investor communications can be challenging, especially during peak periods like quarter-end. Effective collaboration with analysts, portfolio managers, and back-office teams is essential to ensure accurate data, timely execution of trades, and compliance with regulations. Adopting efficient workflow processes and leveraging technology tools can help handle these challenges and maintain high-quality output.

What are the key skills and qualifications needed to thrive as a fund associate?

To thrive as a Fund Associate, you need strong analytical skills, a solid grasp of finance and accounting principles, and a bachelor's degree in finance, economics, or a related field. Proficiency with Excel, financial modeling software, and portfolio management systems is typically required, and certifications like CFA or CAIA can be advantageous. Attention to detail, effective communication, and the ability to work collaboratively under pressure are standout soft skills. These skills ensure accurate fund operations, compliance, and effective support for fund managers and investors.

What are the most commonly searched types of Fund jobs in Illinois?

The most popular types of Fund jobs in Illinois are:

What cities in Illinois are hiring for Fund Associate jobs?

Cities in Illinois with the most Fund Associate job openings:

Fund Associate jobs near you

Search Fund Research Associate

Initio Capital

Chicago, IL • Remote

Full-time

Posted 15 days ago

Job description

ABOUT INITIO CAPITAL

Initio Capital is hiring for this role and related opportunities across consulting, finance, product, software, AI, operations, market research, and growth-focused workstreams.

THE ROLE

As a Search Fund Research Associate, you will help identify promising markets, companies, products, operators, and investment or growth opportunities. You will turn ambiguous information into clear research, structured analysis, prioritized target lists, and practical recommendations.

This is a remote, flexible role for candidates who are analytical, commercially curious, and comfortable moving quickly across business, finance, technology, and strategy topics.

WHAT YOU MAY WORK ON
  • Research companies, markets, business models, and investment themes.
  • Build target lists, market maps, competitive scans, and opportunity pipelines.
  • Analyze data, documents, websites, interviews, and public information to form concise recommendations.
  • Support strategy, sourcing, diligence, product, growth, finance, and operations projects.
WHO THIS IS FOR

This is a strong fit for candidates interested in consulting, finance, investment research, product strategy, software, AI/data, business operations, corporate development, private markets, or entrepreneurship.

COMPENSATION

Compensation varies by project and experience. Many roles are flexible, remote, and project-based.