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IQ-EQ

Senior Associate - Fund Administration

Posted 6 Hours Ago
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Hybrid
New York, NY, USA
72K-100K Annually
Senior level
Hybrid
New York, NY, USA
72K-100K Annually
Senior level
Supports fund administration for private equity and hedge fund clients. Responsibilities include financial reporting, allocations, compliance, journal entries, fee and interest calculations, investor notices, waterfall models, audits, year-end processes, onboarding, and operational improvements. The role requires collaboration with client leads and internal teams while managing deadlines and delivering accurate, high-quality work.
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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 IQEQ client leads across multiple Private Equity funds in diverse industries.
  • You’ll collaborate with your manager, team, and support functions to meet client expectations and deliverables on time.
  • You’ll apply your understanding of limited partnership agreements to financial reporting, allocations, and compliance.
  • You’ll prepare and review key financial tasks, including journal entries, fee and interest calculations, investor notices, and waterfall models.
  • You’ll manage audits, year-end processes, assist with onboarding new team members, and suggest improvements for operational efficiency.

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 ($72,000 - $100,000). 

Qualifications

  • You hold a bachelor’s degree in Accounting or Finance with at least a 3.0 GPA and bring over 3 years of experience in Private Equity or a related industry.
  • You demonstrate strong accounting knowledge and advanced proficiency in QuickBooks, Microsoft Outlook, Excel, Word, and preferably Investran.
  • You excel at delivering exceptional client service while maintaining effective, professional communication in all interactions.
  • You collaborate well in team environments, provide and accept constructive feedback, and manage multiple priorities and deadlines with accuracy and attention to detail.
  • You are flexible to work overtime when needed and consistently produce high-quality work under pressure.

Additional Information

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 programmes 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 24 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 lead to our sustainability and success. We’re emotionally invested in our clients right from the beginning.  

#LI-HYBRID

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