Bachelor's degree in accounting, finance, economics, or related field required.
3+ years of middle office experience in financial services, particularly with alternative investment funds.
Expertise in financial instruments including equities, fixed income, and derivatives needed.
Strong accounting and analytical skills with advanced proficiency in Excel required.
Excellent detail orientation and multitasking abilities, along with strong communication skills essential.
Responsibilities
Prepare daily reconciliations of client positions and trades with prime brokers to ensure accuracy.
Collaborate with prime brokers to resolve trade discrepancies and maintain operational workflows.
Handle monthly reconciliations of tri-party positions and cash, preparing performance estimates for COO clients.
Review and update monthly Administrator NAV packages and portfolio accounting systems as needed.
Process corporate actions for client portfolios and manage complex issue escalations.
Benefits
Comprehensive benefits package for employee well-being and work-life balance.
Generous PTO starting at 4 weeks, increasing over time, along with sick time and paid holidays.
Health benefits including medical, dental, vision, and mental health support offered.
Paid parental leave and a hybrid work schedule to promote personal and professional fulfillment.
Full Job Description
Job Description
What you'll do
You'll prepare daily reconciliations of positions and trades between client records and their prime brokers, ensuring accuracy and resolving discrepancies.
You'll collaborate with prime brokers to resolve trade breaks and maintain smooth operational workflows.
You'll handle monthly reconciliations of tri-party positions, cash, market values, and accruals, while also preparing performance estimates for COO clients.
You'll review monthly Administrator NAV packages, update portfolio accounting systems when needed, and maintain fund accrual schedules.
You'll process corporate actions such as dividends, splits, and mergers for client portfolios, while serving as a point of escalation for complex issues.
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 ($70,000-$95,000).
Qualifications
You must hold a bachelor's degree in accounting, finance, economics, or a related field, with three plus years of financial services experience, specifically in middle office work with alternative investment funds.
You need strong expertise in financial instruments such as equities, fixed income, bank debt, repos, options, swaps, futures, and FX spot/forward contracts, along with advanced knowledge of margin processes and cash projections.
You should demonstrate excellent attention to detail, multitasking ability, and strong communication skills for managing client relationships, while being hard-working, punctual, and personable.
You are expected to have a solid understanding of hedge funds and private equity, strong accounting and analytical skills, and advanced computer proficiency, especially in Excel and portfolio accounting systems like Enfusion or Geneva.
You will be required to work full-time in the office, applying your dedication and technical expertise to support operational and client-facing responsibilities.
