Senior Manager – Private Equity & Hedge Fund Accounting (Hybrid)

Chicago, United States/Hybrid
12 Apr 2024
09 May 2024
Approved employers
Approved employer
Contract type
Full time
Experience level

Job Description

  • Lead client execution and engagements and serve as main point of contact
  • Liaise with the clients’ external auditors, administrator, HR/payroll, and other service providers
  • Communicate directly with clients and deliver outsourced CFO and related services to Hedge Funds and Private Equity Funds
  • Evaluate current financial and accounting processes for new clients, propose improvements and coordinate implementation efforts with senior management
  • Collaborate with team members in various offices and provide ongoing operational support to multiple clients
  • Approve invoices, payments for/to clients and coordinate collection of cash and allocation, as applicable
  • Review and/or create financial models, budget to actuals, provide ad-hoc financial analysis and participate in ad-hoc projects
  • Manage and approve NAVs, allocations, investor statements and reconciliations
  • Review and approve expense & accrual schedules, management fee calculations and incentive allocations
  • Develop, mentor, and oversee junior team members across various offices and review their deliverables
  • Fund and management company financial statement preparation and/or review
  • Research and advise on accounting principles
  • Identify complex accounting issues and advise team and clients
  • Assist in evaluating current financial and accounting process for new clients, propose improvements and help coordinate implementation efforts
  • Review of service providers’ contracts and funds’ formation documents
  • Participate in weekly, monthly, or as needed conference calls internally and with clients


Successful candidates will have many, if not all, of the attributes below:

  • 10+ years of experience in alternative Investment Management industry (Hedge Fund, Private Equity, Venture Capital, Real Estate)
  • In depth understanding of investment management and alternative products
  • Bachelor's Degree in Accounting
  • CPA Preferred
  • Excellent management, organizational, interpersonal and communication skills
  • Attention to detail and ability to multi-task
  • Passionate about working in a dynamic entrepreneurial environment
  • Hard-working, self-starter, dedicated, punctual and personable
  • Strong accounting and analytical skills
  • Ability to define problems, collect data, establish facts, and draw valid conclusions to solve problems — quickly and competently
  • Public Accounting background is a plus
  • Administration experience is a plus
  • Well versed in Microsoft Office Suite; familiarity with QuickBooks, OpenAir,, Expensify are a plus

Additional information

  • All your information will be kept confidential according to EEO guidelines.
  • Salary based on experience and location ($95,000-$150,000) and full benefits package offered.

Company description

IQEQ is a preeminent service provider to the alternative asset industry. IQEQ works with managers in multiple capacities ranging from hedge fund, private equity fund, and mutual fund launches; private equity fund administration; advisory firm set-up, regulatory registration and infrastructure design; ongoing regulatory compliance (SEC, CFTC, and 40 Act); financial controls and operational support services; compliance and operational related projects and reviews; and outsourced CFO/controller and administration services to private equity fund investments – portfolio companies, real estate assets and energy assets. Our client base is growing and our existing clients are engaging the firm across the spectrum of our services offerings.

For further information, and to apply, please visit our website via the “Apply” button below.

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