Senior Fund Accountant

MIO Partners•New York, NY

7h•Hybrid

About The 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 Separately Managed Account (SMA) vehicles. The new hire is expected to work on-site at our offices in Midtown, New York 3 days per week. Primary responsibilities include accounting and administration of SMA vehicles, booking and reconciliation of transactions across internal systems, coordinating with MIO Trade Operations, brokers, and service providers to resolve cash, position, and market value breaks, and reconciliation of month-end NAV reporting from the fund administrator. The role also involves designing, processing, and reviewing complex management fee, incentive fee, and co-investment allocation models, as well as preparing and reviewing year-end financial statements and tax work papers. Coordination with auditors and the fund administrator on year-end audit requests and developing, improving, and implementing internal controls, policies, and procedures are also key aspects of this position. The role offers opportunities to be involved in special projects such as new products, new systems/existing system upgrades, and process improvements, as well as gaining exposure to other groups within Finance.

Requirements

Bachelor’s degree in accounting or finance
5+ years of experience in hedge fund accounting, reporting, and analysis
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, 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
Strong technical skills, primarily within Excel and various accounting and reporting systems

Nice To Haves

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

Responsibilities

Accounting and administration of SMA vehicles
Booking and reconciliation of transactions across internal systems
Coordinating with MIO Trade Operations, brokers, and service providers to resolve cash, position, and market value breaks
Reconciliation of month end NAV reporting from fund administrator
Design, process, and review complex management fee, incentive fee, and co-investment allocation models
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, and policies and procedures where necessary
Involvement in special projects (new products, new systems/existing system upgrades, and process improvements)
Gaining exposure to the responsibilities of other groups within Finance