Job Description
Company Description
ABOUT IQ-EQ
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 5,800+ people across 25 jurisdictions and have assets under administration (AUA) exceeding US$750 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.
Job Description
IQEQ Trust Company U.S. – Trust Operations Analyst, Private Wealth
IQEQ Trust Company U.S. (“IQEQ”) is a specialized, non-depository trust company that provides flexible and cost-efficient directed trustee services to high-net-worth individuals and their trusted advisors from around the world. We have offices in Bedford, New Hampshire and Rapid City, South Dakota – two of the most favorable jurisdictions in the country for trust administration.
IQEQ is strategically positioned at an important crossroad of the investment, accounting, and legal services industries. For our clients’ generational wealth transfer plans, we strive to be a best-in-class trust services provider, focusing on specialized services that offer its clients access to both South Dakota’s and New Hampshire’s advantageous trust and tax laws.
To support our growth, IQEQ is aiming to add smart, hard-working team members to our company. This is an excellent opportunity to join a growing and entrepreneurial company that operates within a unique and dynamic space of the financial services industry.
Role Summary:
This role ensures the accuracy, completeness, and compliance of our trust accounting records by reconciling brokerage accounts, maintaining organized documentation, and keeping our trust accounting software updated with daily transaction activity.
Responsibilities:
- Provide support for Trust Accounting department activities:
- Asset set-up and maintenance.
- Posting of cash activities.
- Internal audit program procedures.
- Download, save, and upload monthly brokerage statements, confirmations, and supporting documents.
- Other ad-hoc projects as they arise.
- Month-end account reconciliation:
- Prepare monthly reconciliation reports for compliance purposes.
- Identify and resolve discrepancies, missing transactions, or classification errors.
- Perform monthly reconciliations on brokerage account statements and other alternative assets (equities, private businesses, loans, real estate etc.) in our trust accounting system.
- Daily Transaction Processing:
- Import or manually enter daily transactions (buys/sells, dividends, cash transfers, interest, etc.) into the trust accounting system.
- Monitor for unusual or unexpected transactions and escalate when needed.
- Review daily activity for accuracy and completeness before posting.
- Review and execute trustee duties within complex Trust structures:
- Research Trust transactions with a team of Trust Accounting Analysts.
- Research and resolve intricate scenarios that arise within Trust structures.
Qualifications
Qualifications and Skillsets:
- Interest in fiduciary accounting and the trust industry.
- Strong computer / Excel skills and desire to master trust accounting system.
- Strong communication skills (written and oral)
- Strong organizational skills to be able to handle multiple projects at once.
- High attention to detail
- Self-starter: ability to deal with ambiguity, solve problems, set priorities and track/resolve issues.
Additional Information
OUR COMMITMENT TO YOU AND THE ENVIRONMENT
As a forward-looking business, sustainability is integral to our strategy and operations. Our sustainability depends on us building and maintaining meaningful, long-term relationships with all our stakeholders – including our employees, clients, and local communities – while also reducing our impact on our natural environment.
There is always more we can, and should do, to improve – whether in relation to our people, our clients, our planet, or our governance. Our ongoing success as a business depends on our sustainability and agility in a changing and challenging global landscape. We’re committed to fostering an inclusive, equitable and diverse culture for our people, led by our Diversity, Equity, and Inclusion steering committee.
Our learning and development programmes and systems enable us to invest in growing our employees’ careers, while our hybrid working approach supports our employees in achieving balance and flexibility while remaining connected to their colleagues. We want to empower our 5,800+ employees - from 94 nationalities, speaking 41 languages across 25 countries - to each achieve their potential. Through IQ-EQ Launchpad we support female managers launching their first fund, in an environment where only 15% of all private equity and venture capital firms are gender balanced.
We’re committed to growing long-term relationships with our clients and supporting them in achieving their objectives. We understand that our client’s sustainability and success leads to our sustainability and success. We’re emotionally invested in our clients right from the beginning.
