Fund Accountant (FoF)

Position
MIO's Finance function is seeking a Fund Accountant to join the team responsible for the accounting and administration of the various MIO Fund-of-Fund/Limited-Partner (FoF/LP) vehicles. This role will also provide opportunities to participate in special projects (new products, new system implementations/existing system upgrades, and various process improvements) and to gain exposure to the responsibilities of other groups within and outside of Finance.

Primary responsibilities

• Maintaining daily cash reconciliations and uploading daily cash transactions of FoF/LP vehicles across various systems
• Processing wires for margin calls and private equity capital calls with third-party custodians
• Monitoring the Firm inbox for LP statements, reports, requests, contract notes, capital calls, and distribution notices
• Coordinating with the MIO Treasury team, Trade Operations team, and third-party custodians to troubleshoot cash, position, and market value reconciliation breaks
• Assisting in the fund expense accrual budget and payment process
• Preparation and review of accounting records, financial statements, and tax work papers
• Reconciling month-end NAV reporting from fund administrators and resolving discrepancies
• Developing, monitoring, improving, and implementing internal controls, policies, and procedures where necessary

Desired background

• Bachelor’s degree in accounting or formal education in accounting and/or finance
• 1-4 years of experience in alternative investment fund accounting and reporting, specifically within a hedge fund or fund administrator; auditors serving clients in financial services are also suitable
• Licensed CPA a plus
• Skilled in general ledger entries and transaction processing; extensive experience working through an audit process, preparing audited financial statements, expense accruals, and investor transaction review/processing
• Experience with various management and incentive fee terms and calculations
• Basic knowledge of stocks, bonds, foreign currencies, various derivatives (exchange-traded and OTC), and other complex instruments
• Experience with Advent Geneva, Arcesium, and Duco a plus

The successful candidate should

• Be capable of working independently or as part of a team, depending on the nature of duties, including working with other functional areas of the organization
• Have a deep understanding of accounting principles and processes, including journal entries, balance sheet, and income statement presentation and results
• Possess attention to detail and time management skills with adherence to deadlines and workflow while ensuring a high-quality work output
• Have strong communication, written, and interpersonal skills, and the ability to develop critical relationships with both internal stakeholders and external counterparts with various levels of seniority
• Be technically sound with strong Excel skills and adept in various accounting systems, etc.
• Bring an entrepreneurial mindset with a focus on ownership, initiative, and continuous improvement