Intern- Private Wealth

Company Description

IQ-EQ is a preeminent service provider to the alternative asset industry. IQ-EQ works with managers in multiple capacities ranging from hedge fund, private equity fund, and mutual fund launches; private equity fund administration; advisory firm set-up, regulatory registration and infrastructure design; ongoing regulatory compliance (SEC, CFTC, and 40 Act); financial controls and operational support services; compliance and operational related projects and reviews; and outsourced CFO/controller and administration services to private equity fund investments – portfolio companies, real estate assets and energy assets. Our client base is growing, and our existing clients are engaging the firm across the spectrum of our services offerings.

Job Description

• Provide support for Trust Accounting department activities:  
• Asset set-up and maintenance.  
• Posting of cash activities.  
• Monthly fee processing.  
• Internal audit program procedures.  
• Other ad-hoc projects as they arise.  
• Month-end account reconciliation:  
• Perform monthly reconciliations of trust accounting system on assets held away and other alternative assets (equities, private businesses, loans, real estate etc.).  
• 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.  
• Support Trust Officers with client relationship management (CRM) system. 

Qualifications

• Current Junior or Senior standing in college; Bachelor’s degree track in Business with emphasis in Accounting or Finance (prior to start date).  
• 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

This would be year-round internship opportunity, with increased hours during the summer.  This role is an hourly position ($24/hour) and requires the ability to work onsite at our Bedford, New Hampshire location.