Manager - Private Equity and Hedge Fund Accounting (CFO Services)

Job Description

Job Description

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

We are seeking a Senior Fund Accountant to oversee the accounting, financial reporting, and operational activities of multiple private equity funds. Reporting to the Controller, this role is responsible for fund financial statements, capital account maintenance, carried interest and waterfall calculations, portfolio valuations, cash management, performance reporting, and audit and tax coordination. The ideal candidate will have strong private equity fund accounting expertise, advanced analytical skills, and a collaborative mindset to support process improvements, mentor team members, ensure regulatory compliance, and deliver accurate reporting to management, investors, and other stakeholders.

This role will be dedicated to one of our premier clients. A successful candidate will be located in the Chicago area and be able to work in office up to 4 days a week. 

What you’ll do

• You'll prepare and review quarterly and annual financial statements for multiple private equity funds, including capital account maintenance, carried interest accounting, waterfall calculations, and reporting for fund, GP, and related entities.
• You'll interpret and implement accounting requirements from Limited Partnership Agreements, perform portfolio company valuations, and produce investment performance reports, including IRRs and portfolio analytics.
• You'll manage daily fund cash operations, including capital calls, distributions, wire processing, bank reconciliations, and line of credit compliance, while ensuring accurate financial records.
• You'll collaborate with external auditors, tax advisors, Investor Relations, and internal stakeholders to support audits, tax reporting, fundraising due diligence, and other accounting and administrative activities.
• You'll drive continuous improvement by leveraging technology and automation to enhance reporting processes, mentoring junior accounting team members, and ensuring compliance with SEC Registered Investment Adviser policies and annual testing requirements.

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 ($90,000-$125,000). 

Qualifications

• You hold a bachelor’s degree in Accounting or Finance with a strong academic record and 4 plus years of partnership accounting experience, preferably within the private equity industry.
• You bring a CPA designation or experience in public accounting and/or fund administration, which is highly preferred.
• You possess advanced proficiency in Excel, PowerPoint, and QuickBooks, with the ability to quickly learn and navigate new database systems and financial technologies.
• You demonstrate exceptional analytical, problem-solving, and reading comprehension skills, with a strong focus on accuracy, attention to detail, and high-quality financial reporting.
• You have excellent interpersonal and communication skills, with the confidence and professionalism to collaborate with stakeholders and review the work of other accounting team members.

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. 

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