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Careers
Fund Accountant (SMA)
Location
New York, NY
Function
Finance
Interested in this position?

Position

MIO is seeking a Fund Accountant to join the Finance Team and primarily support our group that focuses on managed accounts and proprietary trading. The role offers an opportunity to learn about the hedge fund and asset management industry, working closely with portfolio managers and other business lines. This is initially a full-time, remote employment opportunity as MIO’s office reopening is to be determined. Our office is based in New York City.

Primary Responsibilities

Treasury and payment support

  • Prepare support package and gather documents for monthly and quarterly management fee payments
  • Coordinate with senior accountants and internal portfolio managers in the fee approval process
  • Coordinate with senior accounting staff for payment of other SMA related fees
  • Review cash portals and statements to confirm settlements and ensure there are no unsettled or open transactions

Perform daily cash reconciliation review

  • Investigate any issue such as returned, pending, or unapplied wires and research discrepancies independently
  • Review prime broker and custodian bank portals and statements to ensure all wires are accurately processed
  • Maintain daily cash reconciliation files and resolve or escalate any unresolved discrepancies
  • Coordinate with MIO trade operations personnel to clear payments that have not settled

Transaction entry and review

  • Review OTC collateral statements; reconcile balances and interest accruals; coordinate with counterparty for settlement
  • Post expense payments and collateral interest accruals and payments to general ledger
  • Reconciliation of monthly managed account AUM

Assist Senior Fund Accountants and team members on various ad hoc projects

Desired Background

  • Experience not required; however, 2 years or less of work experience at a fund, administrator, or financial services firm is a plus
  • Bachelor’s degree in Accounting or formal education in Accounting and/or Finance
  • Strong Microsoft Excel skills
  • Highly skilled communicator
  • Self-motivated, proactive, and entrepreneurial
  • Ability to excel in a team environment, and think critically and objectively
MIO is an equal opportunity employer. All applicants will be considered without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran, or disability status.

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