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IQ-EQ

Senior Manager - Private Equity Fund Accounting (Fund Administration)

Posted 4 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 private equity fund accounting activities, including journal entries, investor allocations, capital calls, distributions, fees, carried interest, waterfall models, financial statements, and investor notices. Coordinate with auditors and tax teams, handle client requests, improve operational processes, meet deadlines, and mentor junior team members while ensuring accuracy and compliance with client agreements.
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Company Description

We’re a leading Investor Services group offering end-to-end services in administration, accounting, reporting, regulatory and compliance needs of the investment sector worldwide.  We employ a global workforce of 6,500+ people across 24 jurisdictions and have assets under administration (AUA) exceeding US$857 billion. We work with 13 of the world’s top-15 private equity firms. 

Our services are underpinned by a Group-wide commitment to ESG and best-in-class technology including a global data platform and innovative proprietary tools supported by in-house experts. 

Above all, what makes us different is our people. Operating as trusted partners to our clients, we deliver intelligent solutions through a combination of technical expertise and strong relationships based on deep client understanding. 

We’re driven by our Group purpose, to power people and possibilities. 

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 15 plus years of progressive experience in private equity, public accounting, or a combination of alternative asset investment and public accounting roles.
  • 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 5,800+ 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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