Senior Associate – Hedge Fund Middle Office Operations at Iq-Eq — Iselin, NJ

What you’ll do

• You'll prepare daily reconciliations of positions and trades between client records and their prime brokers, ensuring accuracy and resolving discrepancies.
• You'll collaborate with prime brokers to resolve trade breaks and maintain smooth operational workflows.
• You'll handle monthly reconciliations of tri-party positions, cash, market values, and accruals, while also preparing performance estimates for COO clients.
• You'll review monthly Administrator NAV packages, update portfolio accounting systems when needed, and maintain fund accrual schedules.
• You'll process corporate actions such as dividends, splits, and mergers for client portfolios, while serving as a point of escalation for complex issues.

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 ($70,000-$95,000).
• You must hold a bachelor’s degree in accounting, finance, economics, or a related field, and three plus years of financial services experience, specifically in middle office work with alternative investment funds.
• You need strong expertise in financial instruments such as equities, fixed income, bank debt, repos, options, swaps, futures, and FX spot/forward contracts, along with advanced knowledge of margin processes and cash projections.
• You should demonstrate excellent attention to detail, multitasking ability, and strong communication skills for managing client relationships, while being hard-working, punctual, and personable.
• You are expected to have a solid understanding of hedge funds and private equity, strong accounting and analytical skills, and advanced computer proficiency, especially in Excel and portfolio accounting systems like Enfusion or Geneva.
• You will be required to work full-time in the office, applying your dedication and technical expertise to support operational and client-facing responsibilities.

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