Senior Associate - Private Equity Fund Accounting

IQ-EQ; Illinois; Hybrid; USD 72,000 - 100,000; Full time

Benefits offered by this job

4 weeks PTO

401(k) plan

Health benefits

Hybrid work schedule

Parental leave

Job summary

IQ-EQ is seeking a private equity reporting professional in Illinois to support client leads across multiple funds. You will collaborate with the team to meet client expectations, applying your accounting knowledge to financial reporting, allocations, and compliance, including journal entries and waterfall models.

You will assist audits, year-end processes, onboarding new staff, and drive operational efficiency.

Qualifications

• Bachelor’s degree in Accounting or Finance with GPA of 3.0+.
• 3+ years of experience in Private Equity or related field.
• Strong accounting knowledge and software proficiency.

Responsibilities

• Support client leads across multiple Private Equity funds.
• Collaborate with team and support functions to meet client expectations and deliverables.
• Apply understanding of limited partnerships to financial reporting, allocations and compliance.
• Prepare and review journal entries, fee and interest calculations, investor notices, waterfall models.
• Assist audits, year-end processes, onboarding new team members, and process improvements.

Skills

Accounting knowledge

Client service

Team collaboration

Education

Bachelor's degree in Accounting or Finance

Tools

QuickBooks

Excel

MS Word

Outlook

Investran

Job description

We’re a leading Investor Services group offering end-to-end services in administration, accounting, reporting, regulatory and compliance needs of the investment sector worldwide.

We employ a global workforce of 6,500+ people across 24 jurisdictions and have assets under administration (AUA) exceeding US$857 billion. We work with 13 of the world’s top-15 private equity firms.

Our services are underpinned by a Group-wide commitment to ESG and best-in-class technology including a global data platform and innovative proprietary tools supported by in-house experts.

Above all, what makes us different is our people. Operating as trusted partners to our clients, we deliver intelligent solutions through a combination of technical expertise and strong relationships based on deep client understanding.

We’re driven by our Group purpose, to power people and possibilities.

You will be working directly with leading private equity and hedge fund firms in the alternative asset industry under the guidance and direction from our experienced team of industry veterans. You will be facilitating our service offering by assisting, performing, and reviewing the following:

What you’ll do

• You’ll support IQEQ client leads across multiple Private Equity funds in diverse industries.
• You’ll collaborate with your manager, team, and support functions to meet client expectations and deliverables on time.
• You’ll apply your understanding of limited partnership agreements to financial reporting, allocations, and compliance.
• You’ll prepare and review key financial tasks, including journal entries, fee and interest calculations, investor notices, and waterfall models.
• You’ll manage audits, year-end processes, assist with onboarding new team members, and suggest improvements for operational efficiency.

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 of PTO 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 ($72,000-$100,000).

Qualifications

• You hold a bachelor’s degree in Accounting or Finance with at least a 3.0 GPA and bring over 3 years of experience in Private Equity or a related industry.
• You demonstrate strong accounting knowledge and advanced proficiency in QuickBooks, Microsoft Outlook, Excel, Word, and preferably Investran.
• You excel at delivering exceptional client service while maintaining effective, professional communication in all interactions.
• You collaborate well in team environments, provide and accept constructive feedback, and manage multiple priorities and deadlines with accuracy and attention to detail.
• You are flexible to work overtime when needed and consistently produce high-quality work under pressure.