IQ-EQ
Investor Services
TechnicalAccountingLead,Open-EndedFunds
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“Technical Accounting Lead, Open-Ended Funds at IQ-EQ. Skills: Open-ended and evergreen fund structures, Technical accounting support, NAV calculation methodologies, Series accounting, Management Fees & Performance fees calculations, Subscription and redemption mechanics, Equalisation methodologies. Act as the team’s subject-matter expert on open-ended and evergreen fund mechanics and accounting matters including NAV calculation methodologies and series accounting, Management Fees & Performance f”
What You'll Achieve.
Shape the technical accounting support model for open-ended / evergreen funds; Serve as the senior subject‑matter expert for internal fund accounting teams; Ensure quality control of the CS output; Improve efficiency and effectiveness of CS processes
Industry & Context.
Resolve technical accounting and fund mechanics queries; Identify control weaknesses; Recommend control procedures
What They're Looking For.
Must Have
University Degree in Accountancyusiness/Maths or otherwise demonstrable aptitude for numeracy, Professional Accounting Qualification: ACA, ACCA (or equivalent) qualified or qualified by experience (7+ years), Extensive experience in open‑ended or evergreen fund accounting gained in an asset manager, fund administrator, audit practice, or similar environment, Technical understanding of Performance fees methodologies, subscriptions & redemptions mechanics, Equalisation approaches and series accounting, NAV and investor allocations, Proven ability to interpret legal documents, fee terms, and operational requirements and translate them into practical accounting treatments, Practical / working knowledge of IFRS or UK or US GAAP as applied to investment funds, Practical experience of reviewing Financial Statements including disclosures
Nice to Have
Conducting Training / knowledge share sessions experience will be preferable but not mandatory.
What You'll Do.
Act as the team’s subject-matter expert on open-ended and evergreen fund mechanics and accounting matters including NAV calculation methodologies and series accounting
Management Fees & Performance fees calculations
Subscription and redemption mechanics
and Equalisation methodologies
Resolve technical accounting and fund mechanics queries raised by the Client Services (CS) team and clients in a timely manner.
Effectively communicate technical accounting information to CS teams
Provide technical support to implementation team for new onboarding clients
Perform/oversee the reviews on the financial statements and other complex client deliverables (including quality reviews).
Assist CS and/or implementation team with reviews of operational aspects of fund governing documents (PPMs
Subscription documents) by interpreting key accounting and administrative terms
Perform reviews of performance fees calculations for accuracy and compliance to fund terms
assist CS teams with technical and implementation queries relating to fees calculations
Develop internal review framework
process documentation
guidance notes and templates for open-ended / evergreen fund technical accounting support
Monitor latest accounting and industry developments impacting our open-ended fund clients and draft technical updates for accounting / industry changes accordingly for internal teams
Oversee the collection of technical and operational knowledge
and the in-house library of technical journals
articles and documentation relating to open-ended fund accounting matters
Identify control weaknesses from reviews
discussions with internal senior CS stakeholders
and recommend control procedures to reduce risk
Identify ways to improve efficiency and effectiveness of CS processes
Train and mentor other Technical Team members to build knowledge capabilities within the team on open-ended funds and provide guidance / escalation support to junior team members
Collaborate with internal product and operations teams to ensure new evergreen service models are designed with appropriate accounting considerations through expert knowledge of open-ended funds and industry practice
How You'll Work.
Team & Collaboration
Collaborate with internal product and operations teams; Provide guidance / escalation support to junior team members; Work with Client Services (CS) team and clients
Communication Scope
Excellent written and verbal communication skills; Experience preparing technical guidance notes; Effectively communicate technical accounting information to CS teams
Full Job Description
We’re a leading Investor Services group offering end-to-end services in administration, accounting, reporting, regulatory and compliance needs of the investment sector worldwide. We employ a global workforce of 6,500+ people across 24 jurisdictions and have assets under administration (AUA) exceeding US$857 billion. We work with 13 of the world’s top-15 private equity firms. Our services are underpinned by a Group-wide commitment to ESG and best-in-class technology including a global data platform and innovative proprietary tools supported by in-house experts. Above all, what makes us different is our people. Operating as trusted partners to our clients, we deliver intelligent solutions through a combination of technical expertise and strong relationships based on deep client understanding. We’re driven by our Group purpose, to power people and possibilities. Technical Team We are seeking a Senior Technical Lead with deep expertise in open‑ended and evergreen fund structures to join our existing Technical Accounting team. Historically focused on closed‑ended funds, the team is expanding its remit to provide specialist technical accounting support across evergreen and open‑ended fund products. This role is ideal for someone with strong technical or hands‑on practical experience in fund mechanics—performance fee/waterfall calculations, investor dealing (subscriptions/redemptions), equalisation methodologies, and NAV reporting. You will play a key role in shaping the technical accounting support model for open-ended / evergreen funds and serve as the senior subject‑matter expert for internal fund accounting teams. Job Summary * Act as the team’s subject-matter expert on open-ended and evergreen fund mechanics and accounting matters including NAV calculation methodologies and series accounting, Management Fees & Performance fees calculations, Subscription and redemption mechanics, and Equalisation methodologies * Resolve technical accounting and fund mechanics queries r
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