Job details

Senior Manager – Private Equity and Hedge Fund Accounting (CFO Services)

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Company Description

IQEQ is a preeminent service provider to the alternative asset industry. IQEQ 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

Work alongside the client lead to develop and maintain strong working relationships through direct communication with multiple clients
Embrace a team structure, and foster a positive work environment through collaboration and mentoring/training of junior team members
Be open to new experiences, constantly striving to expand knowledge
Ensure accurate and timely completion of agreed to deliverables, and prioritize as needed
Be readily available to advise clients on accounting principles/matters, involving the client lead as necessary
Assist in evaluating current financial and accounting processes, propose improvements and help coordinate implementation efforts
Lead the vendor payment process, ensuring adherence to the established cash management policy
Assist with cash management and budgeting
Maintain books and records of management company entities in accordance with accounting policies adopted by management
Manage the fund administrator; respond to inquiries and monitor the timing of deliverables
Review the fund administrator’s reporting of net asset value (NAV) including accrual schedules, income allocation and investor statements
Re-calculate management and performance fees in accordance with fund documents
Assist with the review of financial statements, as prepared by the administrator, and provide assistance with the coordination of 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
Work alongside the client lead to 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
Actively participate in department meetings and complete required trainings timely

Qualifications

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

7+ years of experience in alternative Investment Management industry (Hedge Fund, Private Equity, Venture Capital, Real Estate)
BSBA in accounting
CPA preferred
In-house experience is a plus
Excellent management, organizational, interpersonal and communication skills
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 ($95,000-$165,000) and full benefits package offered.

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

$130000 / YEARLY (est.)

min

max

$95000K

$165000K

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What You Should Know About Senior Manager – Private Equity and Hedge Fund Accounting (CFO Services), IQ-EQ

At IQEQ, we’re on the lookout for a talented Senior Manager – Private Equity and Hedge Fund Accounting to join our dynamic CFO Services team in Dallas, TX. If you have a passion for the alternative asset industry and a knack for building strong client relationships, this could be the perfect role for you. In this position, you’ll collaborate closely with client leads and multiple clients, ensuring that our deliverables are timely and accurate. You’ll be a mentor and a guide for junior team members, fostering a positive and supportive work environment. Your role will involve diving deep into clients' financial processes, proposing improvements, and coordinating implementation efforts to enhance operational efficiency. You'll also lead the vendor payment processes and assist with cash management and budgeting. One of your exciting responsibilities will be to manage the fund administrator, reviewing reports, and ensuring smooth communication. With our growing client base, your expertise in managing funds, performing audits, and preparing tax documents will be invaluable. If you have over 7 years of experience in alternative investment management, and a strong educational background in accounting, we want to hear from you. At IQEQ, your contributions will lead to significant advancements in our clients' financial trajectories, and we can't wait to see the positive impact you'll make.

Frequently Asked Questions (FAQs) for Senior Manager – Private Equity and Hedge Fund Accounting (CFO Services) Role at IQ-EQ

What qualifications are needed for the Senior Manager – Private Equity and Hedge Fund Accounting position at IQEQ?

To excel as a Senior Manager – Private Equity and Hedge Fund Accounting at IQEQ, candidates should possess at least 7 years of experience in the alternative investment management industry, particularly in hedge funds and private equity. A Bachelor's degree in accounting is essential, and while a CPA is preferred, it can give you an added advantage. Familiarity with tools like QuickBooks, NetSuite, or Bill.com can also be beneficial.