Manager- Fund Accounting, Hedge Fund

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 multiple clients’ books and records and their Prime Brokers’
• Working with multiple clients and prime brokers on trade break resolutions
• Preparing monthly tri-party position, cash, market value and accrual reconciliations
• Preparing monthly performance estimates for multiple COO clients
• Review monthly Administrator NAV Packages and make updates to the portfolio accounting system if necessary
• Build and maintain fund accrual schedules
• Processing Corporate Actions for securities held in client portfolios, including cash and stock dividends, stock splits, and mergers and acquisitions
• Assist in the development and training of new team members as required
• Complete ad-hoc client requests according to internal client service timelines
• Evaluate current financial and accounting processes for new / existing clients, propose improvements and coordinate implementation
• Approve invoices, payments for/to clients and coordinate collection of cash and allocation, as applicable
• Manage and approve NAVs, allocations, investor statements and reconciliations
• Review expense & accrual schedules, management fee calculations and incentive allocations
• Maintaining books & records and payment processing for management company financials.

Qualifications

• Bachelor’s Degree Required
• BS/BA in accounting, finance, economics, or a related field
• 5-7 years of total experience within the financial services industry. Middle office experience working with hedge funds 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
• 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)

Additional Information

Include in Additional Info:

Salary based on experience and location ($100,000-$120,000) and full benefits package offered. 

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