MIO Partners, Inc.
Fund Accountant
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.
Position Details MIO’s Finance function is seeking a Fund Accountant to join the group responsible for the accounting and administration of the various MIO Separately Managed Account (SMA) vehicles. This role will also provide opportunities to participate in special projects (new products, new systems/existing system upgrades, and various process improvements) and to gain exposure to the responsibilities of other groups within Finance.
Primary Responsibilities
Accounting and administration of SMA vehicles
Preparation and review of accounting records, financial statements, and tax work papers
Reconciling month‑end NAV reporting from fund administrators and resolving discrepancies
Uploading and reconciling transactions across various systems
Coordinating with the Trade Operations group to troubleshoot cash, position, and market value reconciliation breaks
Assisting in the fund expense accrual budget and payment process
Developing, monitoring, improving, and implementing internal controls, policies, and procedures where necessary
Desired Background
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
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
The Successful Candidate Should
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.
Salary and Benefits Base salary range: $95,000—$95,000 USD
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.
Equal Employment Opportunity 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.
We are committed to protecting your privacy. Please review our Applicant Privacy Policy for a detailed explanation of how we collect, use, and protect your personal information.
#J-18808-Ljbffr
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.
Position Details MIO’s Finance function is seeking a Fund Accountant to join the group responsible for the accounting and administration of the various MIO Separately Managed Account (SMA) vehicles. This role will also provide opportunities to participate in special projects (new products, new systems/existing system upgrades, and various process improvements) and to gain exposure to the responsibilities of other groups within Finance.
Primary Responsibilities
Accounting and administration of SMA vehicles
Preparation and review of accounting records, financial statements, and tax work papers
Reconciling month‑end NAV reporting from fund administrators and resolving discrepancies
Uploading and reconciling transactions across various systems
Coordinating with the Trade Operations group to troubleshoot cash, position, and market value reconciliation breaks
Assisting in the fund expense accrual budget and payment process
Developing, monitoring, improving, and implementing internal controls, policies, and procedures where necessary
Desired Background
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
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
The Successful Candidate Should
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.
Salary and Benefits Base salary range: $95,000—$95,000 USD
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.
Equal Employment Opportunity 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.
We are committed to protecting your privacy. Please review our Applicant Privacy Policy for a detailed explanation of how we collect, use, and protect your personal information.
#J-18808-Ljbffr