Senior Associate - Private Equity and Hedge Fund Accounting (CFO Services)

IQ-EQ; Chicago (IL); On-site; USD 80,000 - 100,000; Full time

Job summary

An established industry player is seeking a Senior Associate to join their dynamic team in private equity and hedge fund accounting. This role involves collaborating with clients and providing outsourced CFO services, ensuring financial accuracy and compliance. You will be responsible for preparing financial statements, managing client relationships, and conducting financial analysis. The position offers a competitive salary and a comprehensive benefits package, making it an exciting opportunity for those passionate about the alternative investment sector. If you're a dedicated professional with a knack for problem-solving and a strong accounting background, this role is perfect for you.

Qualifications

• 4+ years of experience in alternative investment management industry.
• Excellent organizational and communication skills required.
• Strong accounting and analytical skills essential.

Responsibilities

• Liaise with clients’ external auditors and service providers.
• Assist with financial models and ad-hoc financial analysis.
• Review NAVs, allocations, and financial statements.

Skills

Accounting

Analytical Skills

Organizational Skills

Interpersonal Skills

Communication Skills

Microsoft Office Suite

QuickBooks

OpenAir

Bill.com

Expensify

Education

Bachelor's Degree in Accounting

CPA

Tools

QuickBooks

OpenAir

Bill.com

Expensify

Job description

Senior Associate - Private Equity and Hedge Fund Accounting (CFO Services)

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Company Description

IQ-EQ is a preeminent service provider to the alternative asset industry. IQ-EQ 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

• Liaise with the clients’ external auditors, administrator, HR/payroll, and other service providers
• Work with clients to deliver outsourced CFO and related services to Hedge Funds and Private Equity Funds
• Collaborate with team members & clients and provide daily operational support
• Assist with creation of financial models, budget to actuals, provide ad-hoc financial analysis and participate in ad-hoc projects
• Review NAVs, allocations, investor statements and reconciliations
• Review and/or prepare expense & accrual schedules, management fee calculations and incentive allocations
• Fund and management company financial statement preparation
• Maintain accounting practices for assigned clients
• Research accounting principles and advise team(s) and/or clients, as needed
• Assist in evaluating current financial and accounting process for new clients, propose improvements and help coordinate implementation efforts
• Assist in the opening of clients’ brokerage and bank accounts
• Arrange, coordinate, and participate in weekly, monthly or as needed conference calls

Qualifications

• Bachelor's Degree in Accounting, CPA preferred
• 4+ years of experience in alternative investment management industry (hedge fund, private equity, venture capital, real estate)
• Public accounting experience a plus
• Excellent organizational, interpersonal and communication skills
• Attention to detail and ability to multi-task
• Passionate about working in a dynamic, entrepreneurial environment
• Hard-working, self-starter, dedicated, punctual and personable
• Strong accounting and analytical skills
• Ability to define problems, collect data, establish facts and draw valid conclusions to solve problems — quickly and competently
• Well versed in Microsoft Office Suite; familiarity with QuickBooks, OpenAir, Bill.com, Expensify are a plus

Additional Information

Salary based on experience and location ($80,000-$100,000) and full benefits package offered.