Senior Manager – Hedge Fund and Private Equity Accounting

2 weeks ago


Woodbridge, New Jersey, United States IQ-EQ Full time
Position Overview:

As a Senior Manager in the realm of Private Equity and Hedge Fund Accounting, you will engage directly with top-tier firms in the alternative asset sector, guided by a team of seasoned professionals. Your role will encompass facilitating our comprehensive service offerings through various responsibilities, including:

Key Responsibilities:
  • Assist client leads at IQ-EQ with multiple Hedge and Private Equity funds across diverse industries.
  • Oversee team functions to manage client expectations, ensuring timely delivery of client obligations as per the limited partnership agreement.
  • Maintain a thorough understanding of limited partnership agreements, applying their terms to financial reporting and income/expense allocations.
  • Review journal entries, management fee calculations, investor allocations, capital account statements, capital call and distribution calculations, sources/uses of cash, investor notices, carried interest calculations, and waterfall model maintenance.
  • Conduct daily position and trade reconciliations between client records and Prime Brokers.
  • Manage the distribution of capital call and distribution notices to clients and investors.
  • Review monthly Administrator NAV Packages, updating the portfolio accounting system as necessary.
  • Evaluate financial statements, notes disclosures, and supporting schedules.
  • Oversee the year-end process, addressing requests from external auditors and tax teams.
  • Assess operational efficiency and propose enhancements for process development.
  • Handle routine client information requests and fulfill ad-hoc inquiries as required.
  • Prioritize and manage work tasks to meet competing deadlines effectively.
  • Mentor and develop junior team members.
  • Prepare and review quarterly Client and Time Assessments.
  • Lead the onboarding process for new clients.
Qualifications:
  • Over 10 years of progressive experience in hedge/private equity, public accounting, or a blend of experience at an alternative asset investment firm and public accounting.
  • Strong analytical and technical skills with a solid foundation in accounting and administration for alternative investment funds.
  • A minimum of a bachelor’s degree in Accounting.
  • Demonstrated experience in leading and developing a team.
  • Proven track record of delivering exceptional client service.
  • Ability to collaborate effectively within a team environment, providing and receiving constructive feedback.
  • Capacity to produce a high volume of work with precision and meticulous attention to detail.
  • Proficient in managing multiple demands and competing deadlines.
  • Exemplary and professional communication skills.
  • Willingness to work overtime as necessary to meet deadlines.
  • Advanced knowledge of QuickBooks, Microsoft Outlook, Excel, Word, Investran, Allvue, and Bloomberg is preferred.
Compensation:

Salary is commensurate with experience and location, ranging from $100,000 to $135,000, along with a comprehensive benefits package.



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