Fund Administration Senior Associate (Hybrid) Private Equity

IQ-EQ; Chicago (IL); Hybrid; USD 72,000 - 100,000; Full time

Benefits offered by this job

Hybrid work schedule

401(k) with company match

Health benefits

Paid time off

Parental leave

Job summary

IQ-EQ in Chicago is seeking a capable accounting professional to work with leading private equity and hedge fund clients. You will assist, perform, and review financial tasks under senior guidance, supporting reporting, allocations, and compliance.

The role focuses on journal entries, fee and interest calculations, investor notices, waterfall models, audits, and onboarding new team members. A bachelor’s degree in Accounting or Finance and 3+ years in private equity are required.

Qualifications

• Bachelor’s degree in accounting or finance with GPA 3.0+.
• 3+ years of experience in private equity or related field.
• Strong accounting knowledge and proficiency with listed software.

Responsibilities

• Support IQ-EQ client leads across multiple Private Equity funds.
• Collaborate with manager, team, and support functions to meet client expectations and deliverables on time.
• Apply understanding of limited partnership agreements to financial reporting, allocations, and compliance.
• Prepare and review key financial tasks, including journal entries, fee and interest calculations, investor notices, and waterfall models.
• Manage audits, year-end processes, assist with onboarding new team members, and suggest improvements for operational efficiency.

Skills

Exceptional client service

Professional communication

Team collaboration

Education

Bachelor's degree in Accounting or Finance

Tools

QuickBooks

Microsoft Outlook

Excel

Word

Investran

Job description

IQ-EQ in Chicago is seeking a capable accounting professional to work with leading private equity and hedge fund clients. You will assist, perform, and review financial tasks under senior guidance, supporting reporting, allocations, and compliance.

The role focuses on journal entries, fee and interest calculations, investor notices, waterfall models, audits, and onboarding new team members. A bachelor’s degree in Accounting or Finance and 3+ years in private equity are required.