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.
About MIO Partners, Inc.
MIO Partners, Inc. (MIO) provides proprietary investment products to McKinsey’s retirement plan and partners, and we offer 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 with strong alignment to the interests of our investors. MIO’s success is measured as performance relative to a market-based benchmark.
MIO is a 190+ person registered investment advisor that provides ample opportunities for somebody with an entrepreneurial drive to shine. To achieve our goals, we strive to meet the highest professional standards and build an organization that attracts, develops, and retains exceptional people.
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