Intern – Middle Office Operations

IQ-EQ • Fort Worth, TX

9h • $20 - $25 • Onsite

About The Position

This role is an hourly position, and requires the ability to work onsite at our Fort Worth or Iselin, NJ offices.

What you’ll do
You'll prepare daily reconciliations between client records and Prime Brokers, ensuring accuracy in positions and trades.
You'll resolve trade breaks by working directly with clients and brokers to correct discrepancies.
You'll handle monthly reconciliations of positions, cash, market values, and accruals, while also building and maintaining fund accrual schedules.
You'll review NAV packages and prepare performance estimates, updating portfolio accounting systems when necessary.
You'll process corporate actions like dividends, splits, and mergers, while supporting new client conversions and training them on technology and processes.

Requirements

• Pursue a degree in accounting, finance, economics, or a related field, with a GPA of 3.3 or higher.
• Demonstrate Excel proficiency at an intermediate level, supporting data analysis and reporting tasks.
• Communicate effectively with strong written and oral skills, while collaborating as a team player who can multi-task.
• Show problem-solving ability with high motivation, attention to detail, and a results-oriented mindset.

Nice To Haves

• Internship experience as an added advantage, showcasing practical exposure to the industry.

Responsibilities

• Prepare daily reconciliations between client records and Prime Brokers, ensuring accuracy in positions and trades.
• Resolve trade breaks by working directly with clients and brokers to correct discrepancies.
• Handle monthly reconciliations of positions, cash, market values, and accruals, while also building and maintaining fund accrual schedules.
• Review NAV packages and prepare performance estimates, updating portfolio accounting systems when necessary.
• Process corporate actions like dividends, splits, and mergers, while supporting new client conversions and training them on technology and processes.

Benefits

• Generous paid time off, including 20 days of PTO and 7 sick days annually, with PTO increasing over time.
• Observes 10 paid holidays each year.
• 401(k) plan with a company match (subject to eligibility).
• Medical, dental, vision, mental health support and additional ancillary insurance plans.
• Paid parental leave.
• Hybrid work schedule.

What This Job Offers

• Career Level: Intern