Senior Associate - Venture Capital Fund Accounting

IQ-EQ • Frisco, TX

5d • $70,000 - $100,000 • Hybrid

About The Position

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.
You will be working directly with leading private equity and hedge fund firms in the alternative asset industry under the guidance and direction from our experienced team of industry veterans. You will be facilitating our service offering by assisting, performing, and reviewing the following:
You’ll support IQEQ client leads on VC funds in diverse industries.
You’ll collaborate with your manager, team, and support functions to meet client expectations and deliverables on time.
You’ll apply your understanding of limited partnership agreements to financial reporting, allocations, and compliance.
You’ll prepare and review key financial tasks, including journal entries, fee and interest calculations, investor notices, and waterfall models.
You’ll manage audits, year-end processes, assist with onboarding new team members, and suggest improvements for operational efficiency.

Requirements

• You hold a bachelor’s degree in Accounting or Finance with at least a 3.0 GPA and bring over 3 years of experience in Private Equity or a related industry.
• You demonstrate strong accounting knowledge and advanced proficiency in QuickBooks, Microsoft Outlook, Excel, Word, and preferably Investran.
• You excel at delivering exceptional client service while maintaining effective, professional communication in all interactions.
• You collaborate well in team environments, provide and accept constructive feedback, and manage multiple priorities and deadlines with accuracy and attention to detail.
• You are flexible to work overtime when needed and consistently produce high-quality work under pressure.

Responsibilities

• support IQEQ client leads on VC funds in diverse industries
• collaborate with your manager, team, and support functions to meet client expectations and deliverables on time
• apply your understanding of limited partnership agreements to financial reporting, allocations, and compliance
• prepare and review key financial tasks, including journal entries, fee and interest calculations, investor notices, and waterfall models
• manage audits, year-end processes, assist with onboarding new team members, and suggest improvements for operational efficiency

Benefits

• 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-$100,000).

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 1-10 employees