Fund Accountant; FoF

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.

• Maintaining daily cash reconciliations and uploading daily cash transactions of FoF/LP vehicles across various systems
• Processing wires for margin calls and private equity capital calls with third-party custodians
• Monitoring the Firm inbox for LP statements, reports, requests, contract notes, capital calls, and distribution notices
• Coordinating with the MIO Treasury team, Trade Operations team, and third-party custodians to troubleshoot cash, position, and market value reconciliation breaks
• Assisting in the fund expense accrual budget and payment process
• Preparation and review of accounting records, financial statements, and tax work papers
• Reconciling month-end NAV reporting from fund administrators and resolving discrepancies
• Developing, monitoring, improving, and implementing internal controls, policies, and procedures where necessary

• 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; auditors serving clients in financial services are also suitable
• 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

• 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.
• Bring an entrepreneurial mindset with a focus on ownership, initiative, and continuous improvement

Base salary range $95,000—$95,000 USD

MIO Partners, Inc. 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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