Fund Accountant Jobs in New York

INTRODUCTION

MIO Partners Inc. (MIO) is a global, world-class investment and advisory institution with a decades-long track record of performance for our clients through multiple market cycles. Our team of approximately 250 people provides asset management and advisory services to current and former McKinsey employees. We manage more than $20 billion in assets across public and private markets. We are headquartered in New York City, with offices in Atlanta, Georgia; West Palm Beach, Florida; Germany; Hong Kong; Singapore; Spain; and the UK.

We provide objective advice on long-term wealth building and create distinctive investment products that deliver value relative to market-based benchmarks. We operate two core lines of business: (i) our advisory team provides advice, wealth planning, and retirement services to approximately 2500 individual clients, and (ii) our investments business consists of alpha-seeking alternative investment strategies across public and private markets.

A defining characteristic of our business is our perfect alignment with our clients. Our extraordinary mandate as a boutique investment and advisory firm, grounded in a core set of principles, enables us to create unique products and services while keeping our clients’ interests front and center.

Much of our success can be attributed to our insatiable intellectual curiosity. We seek to hire individuals who are passionate about our mission and values, and who always strive toward excellence. We care about fostering a culture of continual improvement, as individuals and as an organization, and are excited to work with individuals who have a similar growth mindset. We are proud to have a culture that promotes the highest ethical standards and investor-focused values, alongside a commitment to diversity and inclusivity and a highly collaborative work environment.

MIO (and related entities) is an independent, indirect, and wholly owned subsidiary of McKinsey & Company.

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

• 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

The role will also provide opportunities to be involved in special projects (new products, new systems/existing system upgrades, and process improvements) and gaining exposure to the responsibilities of other groups within Finance.

DESIRED BACKGROUND

• 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, private placements

THE SUCCESSFUL CANDIDATE WILL POSSESS:

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

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.

COMPENSATION

• Base salary range: $135,000 - $135,000 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.

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