Controller - Private Equity Fund Accounting

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. 

Job Description

We are seeking a Controller to join our Alternative Investment team. This is dedicated resource for an existing client and requires weekly time in their office in NYC. The successful candidate will be responsible for overseeing and managing all of the accounting and financial reporting activities for our Management Company and Fund level entities. The candidate will be responsible for managing an internal IQEQ team which will provide SPV, Fund and Management Company books for the Controller to review on behalf of the client. This role requires an individual with strong attention to detail and exceptional analytical skills as you will be facilitating our service offering by performing / reviewing the following.

• Manage the accounting and financial reporting activities for Fund and Management Company entities, including the review of interim and annual financial statements, notes disclosures, supporting schedules, management accounts, and regulatory reporting.
• Maintain a working understanding of limited partnership agreements and apply terms to financial reporting and income and expense allocations.
• Review journal entries, management fee calculations, investor allocations, capital account statements, capital call and distribution calculations, sources/uses of cash, investor notices, carried interest calculations and maintenance of waterfall models.
• Manage the delivery of capital call and distributions notices to clients and the investors.
• Manage year-end process and handle requests from external auditors and tax teams.
• Communicate directly with clients and deliver outsourced CFO and related services to Hedge Funds and Private Equity Funds.
• 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.
• Manage the chart of accounts, payment and allocation of expenses including payroll.
• Ensure compliance with relevant accounting standards, regulatory requirements, and internal policies and procedures.
• Monitor and reconcile cash flows, investment transactions, and other financial activities.
• Provide financial analysis and insights to support decision-making by the Investment Management team.
• Manage and prioritize work tasks to meet competing deadlines.

Qualifications

• 8+ years of experience in private equity, public accounting, or a combination of experience at an alternative asset investment firm and public accounting experience
• Strong understanding of accounting standards and regulations, particularly in relation to alternative investments (e.g. US GAAP, IFRS, AIFMD, UCITS, IFRS)
• Analytical & technical skills with proficiency in accounting & administration for alternative investment funds.
• Strong communication and interpersonal skills, with the ability to collaborate effectively in a team environment.
• Strong attention to detail and ability to work to tight deadlines.
• Ability to produce high quantity of work product with accuracy and extreme attention to detail. 
• Ability to manage multiple demands.
• Bachelor's Degree in Accounting
• Professional accounting qualification (CPA, ACA, ACCA, CPA) preferred
• Well versed in Microsoft Office Suite; familiarity with QuickBooks, Bill.com, Expensify are a plus.

This job description is not exhaustive and may be modified as needed to meet the changing needs of our business.

Additional Information

All your information will be kept confidential according to EEO guidelines.

Salary based on experience and location ($150,000-$170,000) and full benefits package offered. 
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