What are the responsibilities and job description for the Senior Associate - Fund Accountant, Hedge Fund position at IQ-EQ?
Company Description
IQEQ is a preeminent service provider to the alternative asset industry. IQEQ works with managers in multiple capacities ranging from hedge fund, private equity fund, and mutual fund launches; private equity fund administration; advisory firm set-up, regulatory registration and infrastructure design; ongoing regulatory compliance (SEC, CFTC, and 40 Act); financial controls and operational support services; compliance and operational related projects and reviews; and outsourced CFO/controller and administration services to private equity fund investments – portfolio companies, real estate assets and energy assets. Our client base is growing, and our existing clients are engaging the firm across the spectrum of our services offerings.
Job Description
- Preparing daily position and trade reconciliations between clients’ books and records and their Prime Brokers’
- Working with clients and prime brokers on trade break resolutions
- Preparing monthly tri-party position, cash, market value and accrual reconciliations
- Maintain Portfolio Accounting Systems
- Process, record, and reconcile capital calls, distributions, and corporate actions
- Preparing monthly performance estimates for COO clients
- Review monthly Administrator NAV Packages and make updates to the portfolio accounting system if necessary
- Build and maintain fund accrual schedules
- Review monthly valuation reports and interface with the third part valuation firm
- Recalculate and review management fees and performance fees
- Schedule payment of invoices – expense processing and bill payment
- Maintain books and records in QuickBooks and prepare quarterly financial statements
- Preparing and managing the subscription and redemption documents for SMAs and Funds
- Review quarterly 13F filing
- Assist with other yearly tasks/projects including; audit, tax, 1099s, ADV filings, FATCA/CRS filings, CIMA regulatory filings
Qualifications
Successful candidates will have many, if not all, of the attributes below:
- Bachelor’s Degree Required
- BS/BA in accounting, finance, economics, or a related field
- 2 years of total experience within the financial services industry. Middle office experience working with hedge funds or fund accounting background is preferred
- General knowledge of and familiarity with financial instruments (i.e. equities, fixed income, options, swaps, futures, foreign exchange) within both domestic and global securities markets
- Must have attention to detail and ability to multi-task
- Strong written and verbal communication skills, including client relationship management
- Strong working knowledge of hedge funds and/or mutual funds and/or private equity funds and/or family offices
- Hard-working, dedicated, punctual and personable
- Strong research and writing skills
- Strong accounting and analytical skills
- Strong computer skills: Advanced Excel, Portfolio Accounting Systems (Enfusion, Geneva, etc)
- Strong QuickBooks skills
Additional Information
Salary based on experience and location ($70,000 - $85,000) and full benefits package offered.
