Director - Middle Office Hedge Fund Operations

IQ-EQ; New York (NY); On-site; USD 135,000 - 175,000; Full time

Job summary

A leading company in the alternative asset industry seeks a Director for Middle Office Hedge Fund Operations. This role involves extensive client interaction and operational oversight, requiring a Bachelor's degree and significant experience in financial services. The position is primarily onsite in Stamford, Connecticut, with a strong emphasis on accuracy and detail in reconciliations and financial reporting.

Benefits

Full benefits package offered

Qualifications

• 7-10 years of experience in financial services, particularly Middle office.
• Experience with financial instruments such as equities and derivatives.
• Strong accounting skills necessary.

Responsibilities

• Prepare daily position and trade reconciliations with Prime Brokers.
• Manage trade break resolutions and cash projections.
• Conduct monthly performance estimates for clients.

Skills

Attention to Detail

Analytical Skills

Client Relationship Management

Education

Bachelor’s Degree

BS/BA in Accounting, Finance, Economics, or Related Field

Tools

Advanced Excel

Portfolio Accounting Systems (Enfusion, Geneva)

Job description

Director - Middle Office Hedge Fund Operations

Director - Middle Office Hedge Fund Operations

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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.

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

• Please note: This role will be a dedicated resource for one of our premiere clients. The candidate is required to be onsite, 5 days a week, at the client’s Stamford, Connecticut office**
  
  

Responsibilities

• Preparing daily position and trade reconciliations between clients books and records and their Prime Brokers
• Working with prime brokers on trade break resolutions
• Preparing monthly tri-party position, cash, market value and accrual reconciliations
• 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
• Processing Corporate Actions for securities held in client portfolio, including cash and stock dividends, stock splits, and mergers and acquisitions
• Act as a point of escalation
  
  

Qualifications

• Bachelor’s Degree Required
• BS/BA in accounting, finance, economics, or a related field
• 7-10 years of total experience within the financial services industry. Middle office experience working with alternative investment funds is required
• Experience working with financial instruments including equities, fixed income, bank debt, repurchase agreements, options, swaps, futures, foreign exchange spot and forward contracts
• Advanced experience with margin process for cleared and bilateral securities, as well as cash projections
• Must have strong attention to detail and ability to multi-task
• Strong written and verbal communication skills, including client relationship management
• Strong working knowledge of alternative investment funds (hedge & PE)
• Hard-working, dedicated, punctual and personable
• Strong accounting and analytical skills
• Strong computer skills: Advanced Excel, Portfolio Accounting Systems (Enfusion, Geneva, etc.)
• In office, full time
  
  

Additional Information

Salary based on experience and location ($135,000-$175,000) and full benefits package offered.

Seniority level

• Seniority level

  Associate

Employment type

• Employment type

  Full-time

Job function

• Job function

  Accounting/Auditing

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