Senior Fund Accounting Manager - Hybrid (Private Equity)

IQ-EQ; Chicago (IL); Hybrid; USD 100,000 - 135,000; Full time

Benefits offered by this job

Paid time off (PTO)

401(k) plan with company match

Health benefits (medical, dental, etc)

Paid parental leave

Hybrid work schedule

Job summary

IQ-EQ in Chicago, IL is seeking a Senior Fund Accountant to support private equity and hedge fund clients under experienced leadership. You will review allocations, journal entries, capital calls/distributions, and waterfall models, ensuring alignment with partnership agreements.

You will prepare financial statements and investor notices, coordinate with auditors and tax teams, and mentor junior staff while delivering accurate work under tight deadlines.

Qualifications

• 8+ years of progressive experience in private equity, public accounting, or a combination of alternative asset investment and public accounting roles— experience with Private Credit clients required.
• Strong analytical and technical skills, with proven proficiency in accounting and administration for alternative investment funds.
• Bachelor’s degree in Accounting, and demonstrated success in leading and developing high-performing teams.
• Consistently deliver high-quality, detail-oriented work, manage multiple priorities under tight deadlines, and provide exceptional client service.
• Proficient in QuickBooks, Microsoft Outlook, Excel, Word, and Investran, and communicate effectively in professional, collaborative environments.

Responsibilities

• You’ll support IQ-EQ client leads across multiple Private Equity funds, ensuring deliverables align with limited partnership agreements and client expectations
• You’ll manage and review complex financial components, including journal entries, investor allocations, capital calls/distributions, fee and carried interest calculations, and waterfall models
• You’ll oversee the preparation and delivery of financial statements, disclosures, supporting schedules, and investor notices, while coordinating with auditors and tax teams during year-end processes
• You’ll assess and enhance operational processes, handle routine and ad-hoc client requests, and prioritize tasks to meet tight deadlines
• You’ll train and mentor junior team members, fostering development while maintaining high standards of accuracy and timeliness

Skills

Private equity experience

Public accounting background

Team leadership

Client service

Analytical skills

Education

Bachelor's degree in Accounting

Tools

QuickBooks

Investran

Excel

Outlook

Word

Job description

IQ-EQ in Chicago, IL is seeking a Senior Fund Accountant to support private equity and hedge fund clients under experienced leadership. You will review allocations, journal entries, capital calls/distributions, and waterfall models, ensuring alignment with partnership agreements.

You will prepare financial statements and investor notices, coordinate with auditors and tax teams, and mentor junior staff while delivering accurate work under tight deadlines.