Hedge Fund Middle Office Associate: Reconciliation & Ops

IQ-EQ; New Jersey; On-site; USD 70,000 - 95,000; Full time

Benefits offered by this job

401(k) match

Hybrid schedule

PTO & holidays

Health benefits

Job summary

IQ-EQ, a leading Investor Services group, seeks a full-time Middle Office Specialist in New Jersey to perform daily reconciliations of positions and trades, collaborate with prime brokers, and manage monthly tri‑party reconciliations. You will review NAV packages, update portfolio accounting systems, and process corporate actions, serving as escalation point for complex issues.

A bachelor’s degree and 3+ years in financial services are required.

Qualifications

• Bachelor's degree in accounting, finance, economics or related field is required.
• 3+ years of financial services experience, specifically in middle office for alternative investments.
• Strong knowledge of hedge funds, private equity, and portfolio accounting systems.

Responsibilities

• Prepare daily reconciliations of positions and trades between client records and prime brokers, resolving discrepancies.
• Collaborate with prime brokers to resolve trade breaks and maintain smooth workflows.
• Handle monthly reconciliations of tri-party positions, cash, market values, and accruals; prepare COO performance estimates.
• Review monthly Administrator NAV packages; update portfolio accounting systems and maintain fund accrual schedules.
• Process corporate actions such as dividends, splits, mergers; act as escalation point for complex issues.

Skills

Attention to detail

Multitasking

Client relationship management

Excel proficiency

Education

Bachelor's degree in Accounting/Finance/Economics

Tools

Enfusion

Geneva

Job description

IQ-EQ, a leading Investor Services group, seeks a full-time Middle Office Specialist in New Jersey to perform daily reconciliations of positions and trades, collaborate with prime brokers, and manage monthly tri‑party reconciliations. You will review NAV packages, update portfolio accounting systems, and process corporate actions, serving as escalation point for complex issues.

A bachelor’s degree and 3+ years in financial services are required.