IQ-EQ
Senior Associate - Private Equity Fund Accounting (Hybrid)
IQ-EQ, Chicago, Illinois, United States, 60290
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 DescriptionSupport IQEQ client leads on multiple Private Equity funds within various industriesWork closely with manager, team and support functions to manage client expectations and ensure adherence to timelines on client deliverables in accordance with the requirements defined by the limited partnership agreementMaintain 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, interest calculations, loan covenant monitoring, investor allocations, capital account statements, capital call and distribution calculations, sources/uses of cash, investor notices, borrower interest statements, carried interest calculations and maintenance of waterfall modelsCoordinate the delivery of interest statements, capital call notices and distributions notices to clients, borrowers, and investorsPrepare and/or review financial statements, notes disclosures, and supporting schedulesManage year-end process and handle requests from external auditors and tax teamsAssist in the onboarding, development and training of new team members as requiredAssess operational effectiveness and make suggestions for process developmentEnsure ad hoc requests from clients and investors are addressed in a timely mannerQualifications
Bachelor's degree in Accounting/Finance with 3.0 GPA3+ years of experience in Private Equity or related industryStrong knowledge of accountingAbility to provide exceptional client serviceAbility to collaborate with others in a team environment, provide and accept constructive feedbackAbility to produce high quantity of work product with accuracy and extreme attention to detailAbility to manage multiple demands and competing deadlinesEffective and professional communicationAbility to work overtime as needed to meet deadlinesAdvanced knowledge of QuickBooks, Microsoft Outlook, Excel, Word and Investran preferred
Additional Information
Include in Additional Info:Salary based on experience and location ($72,000 - $100,000) and full benefits package offered.#LI-HYBRID
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 DescriptionSupport IQEQ client leads on multiple Private Equity funds within various industriesWork closely with manager, team and support functions to manage client expectations and ensure adherence to timelines on client deliverables in accordance with the requirements defined by the limited partnership agreementMaintain 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, interest calculations, loan covenant monitoring, investor allocations, capital account statements, capital call and distribution calculations, sources/uses of cash, investor notices, borrower interest statements, carried interest calculations and maintenance of waterfall modelsCoordinate the delivery of interest statements, capital call notices and distributions notices to clients, borrowers, and investorsPrepare and/or review financial statements, notes disclosures, and supporting schedulesManage year-end process and handle requests from external auditors and tax teamsAssist in the onboarding, development and training of new team members as requiredAssess operational effectiveness and make suggestions for process developmentEnsure ad hoc requests from clients and investors are addressed in a timely mannerQualifications
Bachelor's degree in Accounting/Finance with 3.0 GPA3+ years of experience in Private Equity or related industryStrong knowledge of accountingAbility to provide exceptional client serviceAbility to collaborate with others in a team environment, provide and accept constructive feedbackAbility to produce high quantity of work product with accuracy and extreme attention to detailAbility to manage multiple demands and competing deadlinesEffective and professional communicationAbility to work overtime as needed to meet deadlinesAdvanced knowledge of QuickBooks, Microsoft Outlook, Excel, Word and Investran preferred
Additional Information
Include in Additional Info:Salary based on experience and location ($72,000 - $100,000) and full benefits package offered.#LI-HYBRID