Senior Associate - Hedge Fund Accounting (Middle Office)

IQ-EQ•Fort Worth, TX

3d•$70,000 - $95,000•Hybrid

About The Position

This role is within the Client Services department and is a permanent hire. The Senior Associate will be responsible for reviewing monthly NAV packages, updating portfolio accounting systems, and maintaining accurate fund accounting records. Key tasks include building and maintaining fund accrual schedules, calculating management and performance fees, and reviewing monthly valuation reports. The position also involves processing, recording, and reconciling performance reporting, contributions, distributions, corporate actions, and expense payments. A significant part of the role includes preparing and managing daily, monthly, and tri-party reconciliations of positions, trades, cash, market values, and accruals to ensure accuracy between client records and custodians. The associate will also collaborate with clients, prime brokers, and internal teams to resolve trade breaks, manage subscription and redemption documentation, and support ad hoc requests.

Requirements

Bachelor’s degree in Accounting, Finance, Economics, or a related field.
At least 4 years of experience in financial services, preferably in hedge funds, fund accounting, or middle office operations.
Strong knowledge of financial instruments, including equities, fixed income, options, swaps, futures, and foreign exchange across global markets.
Excellent attention to detail, multitasking abilities, and strong accounting and analytical skills.
Effective communication skills (written and verbal) with the ability to build and maintain positive client relationships.
Proficiency in advanced Excel and portfolio accounting systems such as Enfusion and Geneva.
Hardworking, dependable, punctual, and professional.

Responsibilities

Review monthly NAV packages, update portfolio accounting systems as needed, and maintain accurate fund accounting records.
Build and maintain fund accrual schedules, calculate management and performance fees, and review monthly valuation reports with third-party valuation firms.
Process, record, and reconcile performance reporting, contributions, distributions, corporate actions, and expense payments.
Prepare and manage daily, monthly, and tri-party reconciliations of positions, trades, cash, market values, and accruals, ensuring accuracy between client records and custodians.
Collaborate with clients, prime brokers, and internal teams to resolve trade breaks, manage subscription and redemption documentation, and support ad hoc requests.