Senior Fund Accountant (FoF)

MIO Partners • New York, NY

2d

About The Position

MIO Partners, Inc. (MIO) provides proprietary investment products to McKinsey’s retirement plan and partners and offers independent, high-quality financial advice to McKinsey’s partners. We manage a wide array of investment vehicles with significant expertise and a long and successful track record in alternative strategies, including hedge funds and private equity. We have a multibillion-dollar portfolio of assets under management, and we manage assets for and advise only McKinsey-related clients; we do not accept outside or third-party investments.
MIO is a values-based organization that is strongly aligned with our investors’ interests. MIO measures success as performance relative to a market-based benchmark.
MIO, a 250+ person registered investment adviser, provides ample opportunities for somebody with an entrepreneurial drive to shine. We strive to meet the highest professional standards and build an organization that attracts, develops, and retains exceptional people. MIO is a wholly owned subsidiary of McKinsey, but our activities are kept entirely separate from those of the consulting Firm.
Position
MIO's Finance team is seeking a Senior Fund Accountant to join the group responsible for the accounting and administration of the various MIO Fund-of-Fund/Limited-Partner (FoF/LP) vehicles. This role will also provide opportunities to participate in special projects (new products, new system implementations/existing system upgrades, and various process improvements) and to gain exposure to the responsibilities of other groups within and outside of Finance.

Requirements

• Bachelor’s degree in accounting or finance
• 5+ years of experience in hedge fund accounting, reporting, and analysis, CPA a plus
• Skilled in the processing and review of general ledger transactions related to investment and investor activity
• Experience with various Management and Incentive Fee terms and calculations
• Extensive experience working through an audit process and preparing audited financial statements
• Knowledge of stocks, bonds, foreign currencies, exchange-traded and OTC derivatives, and private placements
• A deep understanding of investment accounting principles and processes
• The ability to work independently and in a team format, including collaboration with other functional areas of the organization
• Attention to detail and time management skills, with adherence to strict deadlines, while ensuring a high-quality work output
• Strong written and interpersonal communication skills, facilitating critical relationships with internal and external stakeholders of various seniority levels
• Bring an entrepreneurial mindset with a focus on ownership, initiative, and continuous improvement
• Strong technical skills, primarily within Excel and various accounting and reporting systems

Nice To Haves

• Experience with Advent Geneva, Arcesium platform, and Duco software is a plus, but not required

Responsibilities

• Accounting and administration of FoF/LP vehicles
• Booking and reconciliation of transactions across internal systems
• Coordinating with the MIO Client Service team, third-party custodians, and fund managers to resolve investor account, cash, position, and market value breaks
• Pricing third-party underlying fund managers with month-end estimates and/or statements
• Reconciling month-end NAV reporting from fund administrators and resolving discrepancies
• Preparation and review of year-end financial statements and tax work papers
• Coordinating with auditors and fund administrator on year-end audit requests
• Developing, improving, and implementing internal controls, policies, and procedures where necessary

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 101-250 employees