Manager - Private Equity Fund Accounting (Credit Funds)
IQ-EQ
- Chicago, IL
- $75,000-125,000 per year
- Permanent
- Full-time
- Handle team and support functions to manage client expectations and ensure adherence to timelines on client deliverables in accordance to the requirements defined by the limited partnership agreement
- Maintain a working understanding of limited partnership agreements and apply terms to financial reporting and income and expense allocations
- Prepare and/or 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 maintenance of waterfall models
- Review daily position and trade reconciliations between clients’ books and records and their Prime Brokers’
- Review monthly Administrator NAV Packages and make updates to the portfolio accounting system if necessary
- Manage the quarter-end close process with a focus on complex/illiquid assets accounting and valuation, fee and expense review and performance reporting
- Contribute to the external audit, regulatory reporting and other financial reporting requirements such as amortization of premium, discounts, and portfolio reconciliations
- Manage the delivery of capital call and distributions notices to clients and the investors
- Review financial statements, notes disclosures, and supporting schedules
- Manage year-end process and handle requests from external auditors and tax teams
- Assess operational effectiveness and make suggestions for process development
- Handle daily/routine client information requests and fulfill ad-hoc requests as needed
- Manage and prioritize work tasks to meet competing deadlines
- Train and develop junior team members
- Assess operational effectiveness and make suggestions for process development. Prepare and review quarterly Client and Time Assessment
- Lead new client onboardings
- Follow IQEQ fund administration procedures
- 5+ of progressive experience in private equity, public accounting, or a combination of experience at an alternative asset investment firm and public accounting experience
- Analytical and technical skills with proficiency in accounting and administration for alternative investment funds
- Minimum of a Bachelor's degree in Accounting
- Ability to provide exceptional client service
- Ability to collaborate with others in a team environment, provide and accept constructive feedback
- Ability to produce high quantity of work product with accuracy and extreme attention to detail
- Ability to manage multiple demands and competing deadlines
- Effective and professional communication
- Ability to work overtime as needed to meet deadlines
- Advanced knowledge of QuickBooks, Microsoft Outlook, Excel, Word, Investran, Allvue and Bloomberg preferred
- Experience in or desire to manage and train junior team members
- Exposure to private equity and hedge fund structures
- Experience with external audit processes and procedures
- Knowledge of accounting principles including US GAAP and Investment Company Accounting
- Balance a sharp focus on details with an awareness of the bigger picture
- Foster a sense of teamwork, assisting others when needed /required