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IQ-EQ

Senior Manager - Fund Accounting (Private Credit)

Posted 6 Days Ago
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Hybrid
Chicago, IL, USA
100K-135K Annually
Senior level
Hybrid
Chicago, IL, USA
100K-135K Annually
Senior level
Manage and review fund accounting activities for private equity and private credit clients, including journal entries, investor allocations, capital calls, distributions, fees, carried interest, waterfall models, financial statements, disclosures, and investor notices. Coordinate with auditors and tax teams, improve operational processes, handle client requests, meet deadlines, and mentor junior staff.
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Company Description

ABOUT IQ-EQ
 
Is a global investor services group with deep expertise in private markets. We support investment managers, asset owners and global businesses with the administration, compliance, governance, data and reporting that their structures depend on.
 
Across 25 jurisdictions, our 6,500+ professionals combine technical strength, connected technology and human understanding – the IQ and the EQ – to free clients from operational complexity and give them the peace of mind to focus on their core business activities.
 
Our IQ is our technical, regulatory and operational expertise, underpinned by data, technology and coordinated global delivery. Our EQ is our human partnership: understanding the business behind the numbers, the culture behind the structures and the individuals behind the screens.
 
With more than US$950 billion of assets under administration, our global client base includes 13 of the world’s top 15 private equity firms* and 19 of the top 25 private debt firms**.
 
One relationship connects our clients to the right expertise as needs evolve, helping them move forward with clarity and confidence, wherever they operate..
 
To find out more about IQ-EQ visit iqeq.com

Job Description

You will be working directly with leading private equity and hedge fund firms in the alternative asset industry under the guidance and direction from our experienced team of industry veterans. You will be facilitating our service offering by assisting, performing, and reviewing the following: 

What you’ll do

  • You'll support IQ-EQ client leads across multiple Private Equity funds, ensuring deliverables align with limited partnership agreements and client expectations
  • You'll manage and review complex financial components, including journal entries, investor allocations, capital calls/distributions, fee and carried interest calculations, and waterfall models
  • You'll oversee the preparation and delivery of financial statements, disclosures, supporting schedules, and investor notices, while coordinating with auditors and tax teams during year-end processes
  • You'll assess and enhance operational processes, handle routine and ad-hoc client requests, and prioritize tasks to meet tight deadlines
  • You'll train and mentor junior team members, fostering development while maintaining high standards of accuracy and timeliness

What we offer

  • IQ-EQ offers a comprehensive benefits package designed to support employees' well-being and work-life balance
  • Employees receive generous paid time off, including 4 weeks of PTO that increases over time, sick time and paid holidays, and financial wellness is supported through a 401(k) plan with a company match (subject to eligibility)
  • Health benefits include medical, dental, vision, mental health support and additional ancillary insurance plans
  • Additional benefits include paid parental leave and a hybrid work schedule, promoting both personal and professional fulfillment
  • The salary for this position will be dependent on experience and location ($100,000 - $135,000)

Qualifications

  • You bring 8 plus years of progressive experience in private equity, public accounting, or a combination of alternative asset investment and public accounting roles- experience with Private Credit clients required
  • You possess strong analytical and technical skills, with proven proficiency in accounting and administration for alternative investment funds.
  • You have a Bachelor’ degree in Accounting, and have demonstrated success in leading and developing high-performing teams.
  • You consistently deliver high-quality, detail-oriented work, manage multiple priorities under tight deadlines, and provide exceptional client service.
  • You are proficient in QuickBooks, Microsoft Outlook, Excel, Word, and Investran, and communicate effectively in professional, collaborative environments.

Additional Information

Our commitment to you and the environment
Sustainability is integral to our strategy and operations. Our sustainability depends on us building and maintaining long-term relationships with all our stakeholders – including our employees, clients, and local communities – while also reducing our impact on our natural environment.  

There is always more we can, and should do, to improve – whether in relation to our people, our clients, our planet, or our governance. Our ongoing success as a business depends on our sustainability and agility in a changing and challenging global landscape. We’re committed to fostering an inclusive, equitable and diverse culture for our people, led by our Diversity, Equity, and Inclusion steering committee. 

Our learning and development programs and systems (including PowerU and MyCampus) enable us to invest in growing our employees’ careers, while our hybrid working approach supports our employees in achieving balance and flexibility while remaining connected to their colleagues. We want to empower our 6,500+ employees - from 94 nationalities, across 25 countries - to each achieve their potential.  Through IQ-EQ Launchpad we support women managers launching their first fund, in an environment where only 15% of all private equity and venture capital firms are gender balanced.  

We’re committed to growing relationships with our clients and supporting them in achieving their objectives. We understand that our clients’ sustainability and success leads to our sustainability and success. We’re emotionally invested in our clients right from the beginning.  

#LI-HYBRID

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