Senior Associate – Middle Office Operations (Temporary)

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

Benefits offered by this job

PTO 4 weeks

401(k) with company match

Health benefits

Hybrid work schedule

Parental leave

Job summary

IQ-EQ in New Jersey is seeking a middle office professional to unify reconciliations and trade workflows across client portfolios. You’ll work with prime brokers to resolve breaks and support fund administration.

You will also handle monthly tri-party reconciliations, NAV review, and corporate-action processing, ensuring accurate accounting and client satisfaction in a full-time on-site role.

Qualifications

• Bachelor's degree in accounting, finance, economics, or related field with at least 4+ years of financial services middle office experience.
• Strong expertise in equities, fixed income, bank debt, repos, options, swaps, futures, and FX spot/forward contracts; margin and cash projections knowledge.
• Excellent attention to detail, multitasking, and communication skills for client relationships.
• Solid understanding of hedge funds and private equity; strong accounting and analytical abilities; proficient in Excel and portfolio accounting systems (Enfusion or Geneva).
• Willingness to work full-time in the office.

Responsibilities

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

Skills

Equities

Fixed Income

Derivatives

Cash forecasting

Excel

Portfolio accounting systems

Client communication

Education

Bachelor's degree in accounting, finance, economics

Tools

Enfusion

Geneva

Job description

What you’ll do

• You'll prepare daily reconciliations of positions and trades between client records and their prime brokers, ensuring accuracy and resolving discrepancies.
• You'll collaborate with prime brokers to resolve trade breaks and maintain smooth operational workflows.
• You'll handle monthly reconciliations of tri‑party positions, cash, market values, and accruals, while also preparing performance estimates for COO clients.
• You'll review monthly Administrator NAV packages, update portfolio accounting systems when needed, and maintain fund accrual schedules.
• You'll process corporate actions such as dividends, splits, and mergers for client portfolios, while serving as a point of escalation for complex issues.

What we offer

• IQ‑EQ offers a comprehensive benefits package designed to support employees' well‑being and work‑life balance.
• Employees receive generous paid time off, including 4 weeks ofPTO that increases over time, sick time and paid holidays, and financial wellness is supported through a 401(k) plan with a company match (subject to eligibility).
• Health benefits include medical, dental, vision, mental health support and additional ancillary insurance plans.
• Additional benefits include paid parental leave and a hybrid work schedule, promoting both personal and professional fulfillment.
• The salary for this position will be dependent on experience and location ($70,000-$95,000).

Qualifications

• You must hold a bachelor's degree in accounting, finance, economics, or a related field, with at least 4+ years of financial services experience, specifically in middle office work with alternative investment funds.
• You need strong expertise in financial instruments such as equities, fixed income, bank debt, repos, options, swaps, futures, and FX spot/forward contracts, along with advanced knowledge of margin processes and cash projections.
• You should demonstrate excellent attention to detail, multitasking ability, and strong communication skills for managing client relationships, while being hard‑working, punctual, and personable.
• You are expected to have a solid understanding of hedge funds and private equity, strong accounting and analytical skills, and advanced computer proficiency, especially in Excel and portfolio accounting systems like Enfusion or Geneva.
• You will be required to work full‑time in the office, applying your dedication and technical expertise to support operational and client‑facing responsibilities.