What are the responsibilities and job description for the Fund Accountant position at miopartners?
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 function is seeking a Fund Accountant to join the group responsible for the accounting and administration of the various MIO Separately Managed Account (SMA) vehicles. This role will also provide opportunities to participate in special projects (new products, new systems/existing system upgrades, and various process improvements) and to gain exposure to the responsibilities of other groups within Finance.
Primary responsibilities
- Accounting and administration of SMA vehicles
- Preparation and review of accounting records, financial statements, and tax work papers
- Reconciling month-end NAV reporting from fund administrators and resolving discrepancies
- Uploading and reconciling transactions across various systems
- Coordinating with the Trade Operations group to troubleshoot cash, position, and market value reconciliation breaks
- Assisting in the fund expense accrual budget and payment process
- Developing, monitoring, improving, and implementing internal controls, policies, and procedures where necessary
Desired background
- Bachelor’s degree in accounting or formal education in accounting and/or finance
- 1-4 years of experience in alternative investment fund accounting and reporting, specifically within a hedge fund or fund administrator)
- Licensed CPA a plus
- Skilled in general ledger entries and transaction processing; extensive experience working through an audit process, preparing audited financial statements, expense accruals, and investor transaction review/processing
- Experience with various management and incentive fee terms and calculations
- Basic knowledge of stocks, bonds, foreign currencies, various derivatives (exchange-traded and OTC), and other complex instruments
- Experience with Advent Geneva, Arcesium, and Duco a plus
The successful candidate should
- Be capable of working independently or as part of a team, depending on the nature of duties, including working with other functional areas of the organization
- Have a deep understanding of accounting principles and processes, including journal entries, balance sheet, and income statement presentation and results
- Possess attention to detail and time management skills with adherence to deadlines and workflow while ensuring a high-quality work output
- Have strong communication, written, and interpersonal skills, and the ability to develop critical relationships with both internal stakeholders and external counterparts with various levels of seniority
- Be technically sound with strong Excel skills and adept in various accounting systems, etc.
Applicants must be authorized to work in the U.S. without the need for employer-sponsored work authorization, now or in the future.
Certain US states require MIO Partners, Inc. to include a reasonable estimate of the salary range for this role. Actual salaries may vary and may be above or below the range based on various factors, including, but not limited to an individual’s assigned office location, experience, and expertise. Certain roles are also eligible for bonuses, subject to MIO’s discretion and based on factors such as individual and/or organizational performance. Additionally, MIO offers a comprehensive benefits package, including medical, dental and vision coverage, telemedicine services, life, accident and disability insurance, parental leave and family planning benefits, caregiving resources, a generous retirement program, financial guidance, and paid time off.
Base salary range
$95,000 - $95,000 USD
MIO Partners, Inc. (MIO) is an equal opportunity employer. MIO will consider all applicants regardless of race, color, religion, sex, sexual orientation, gender identity, national origin, veteran status, or disability status.
We are committed to protecting your privacy. Please review our Applicant Privacy Policy for a detailed explanation of how we collect, use, and protect your personal information.
Salary : $95,000