Job details

Managing Director – CFO Support Services (Alternative Assets)

Get a free resume review

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

Responsibilities:

Develop and maintain strong working relationships with multiple clients serving as the client lead
Embrace a team structure, and foster a positive work environment through collaboration and mentoring/training of team members
Lead teams to ensure accurate and timely completion of agreed to deliverables
Be readily available to advise clients on accounting principles/matters, performing research as needed
Evaluate current financial and accounting processes, propose improvements and coordinate implementation efforts
Perform client onboarding, using best practices to design and implement process flows, and properly align client expectations
Provide advisory services, including service provider recommendations, as needed
Assist with cash management and budgeting
Maintain books and records of management company entities in accordance with accounting policies adopted by management
Supervise review of the fund administrator’s reporting of net asset value (NAV) including accrual schedules, income allocation and investor statements
Oversee and provide guidance related to the recalculation of management and performance fees in accordance with fund documents
Review financial statements, as prepared by the administrator, and coordinate the annual audit process
Coordinate the annual tax process, ensure the on-time filing of all returns and K-1s and facilitate electronic payment of taxes owed
Manage the IQEQ billing process for book of business
Monitor client engagement economics, address inefficiencies within the team structure or current processes, and propose adjustments to client agreements as needed, including opportunities for expansion into other IQEQ segments
Supervise direct reports
Willingly assist department leadership in various capacities, including administrative duties and group training
Actively participate in, and potentially lead, department meetings and complete required trainings timely

Qualifications

Successful candidates will have many, if not all, of the attributes below:

15+ years of experience in alternative Investment Management industry (Hedge Fund, Private Equity, Venture Capital, Real Estate)
Bachelors Degree in Accounting
CPA required
In-house experience is a plus
Deep experience in fund accounting and financial reporting
Superior management, organizational, interpersonal and communication skills
Ability to manage multiple client engagements
Attention to detail and ability to multi-task
Well versed in Microsoft Office Suite; familiarity with QuickBooks, Bill.com, Expensify, NetSuite, Sage are a plus

Additional Information

Salary based on experience and location ($150,000-$250,000) and full benefits package offered.

#LI-HYBRID

IQ-EQ Glassdoor Company Review

3.8

IQ-EQ DE&I Review

No rating

CEO of IQ-EQ

Mark Pesco

Approve of CEO

Average salary estimate

$200000 / YEARLY (est.)

min

max

$150000K

$250000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Managing Director – CFO Support Services (Alternative Assets), IQ-EQ

Are you an experienced finance leader looking to make a significant impact in the alternative assets industry? IQ-EQ is on the hunt for a Managing Director – CFO Support Services to join our dynamic team in San Francisco, CA. As a key player at IQ-EQ, you will cultivate lasting relationships with clients while leading teams to deliver top-notch services tailored for hedge funds, private equity, and venture capital firms. Your knack for financial principles and processes will inspire confidence as you guide clients through accounting matters, ensuring they navigate complexities with ease. We value collaboration, and as a Managing Director, you will play a pivotal role in mentoring team members and enhancing our workplace culture. Your expertise in fund accounting, financial reporting, and client engagement will be crucial as you oversee multiple projects and drive improvements across our services. With a competitive salary range of $150,000-$250,000 and a comprehensive benefits package, this role offers an exceptional opportunity to shape the future of finance support services at IQ-EQ. If you're ready to take your career to the next level and have a passion for the alternative investment landscape, we want to hear from you!

Frequently Asked Questions (FAQs) for Managing Director – CFO Support Services (Alternative Assets) Role at IQ-EQ

What are the responsibilities of the Managing Director – CFO Support Services at IQ-EQ?

The Managing Director – CFO Support Services at IQ-EQ is responsible for developing strong client relationships, leading teams to ensure deliverables are met, and advising clients on accounting principles. Additionally, the role involves overseeing financial processes, client onboarding, and providing advisory services, ensuring accurate financial reporting and compliance throughout.