Director, Alternative Investment Funds

SEi•Boston, MA

2d•Hybrid

About The Position

SEI’s Investment Manager Services Division (IMS) is hiring a Director to support a significant new client relationship in its alternative investment business in the greater Boston metro area. The role combines private markets expertise, fund accounting leadership, and direct client engagement, including a major implementation and the development of a long-term client relationship. The Director owns day-to-day accounting operations for a bundle of client service relationships and leads delivery of fund accounting, shareholder reporting, and administration services. The position coordinates with internal teams, external clients, auditors, and vendors to provide efficient, consistent, cost-focused services. It oversees operational functions, transaction initiation and service requests across multiple channels, staff training and supervision, operational controls, and procedures intended to maintain client service quality and improve efficiency. The Director also provides senior technical and operational guidance to clients, supports client boards, and may serve as chief financial officer for client funds in certain circumstances. The role includes fund administration and operational oversight, departmental leadership and staff development, technical consulting on accounting and industry rules, and sales support through fund accounting responses to RFPs and RFIs. The position is based in a hybrid working environment and offers a base salary of $150,000–$250,000 per year, with eligibility for a discretionary annual bonus subject to company approval.

Requirements

BA/BS in Business, Accounting, Finance, Economics, Mathematics, or equivalent professional experience.
At least 10 years of proven operations management experience leading multiple teams in a changing environment, or at least 6 years in a public accounting firm with specific financial services experience.
Significant direct, relevant experience accounting for mutual funds and other unitized pooled investment vehicles.
Strong knowledge of security trading practices in a back-office environment.
Familiarity with the Investment Company Act of 1940 and the Investment Advisers Act of 1940.
Experience reviewing fund financial statements and understanding of U.S. GAAP for investment companies and related reporting requirements.
Proven track record of successfully managing operational teams or departments.
Attention to detail and commitment to high-quality, accurate deliverables.
Ability to collaborate with internal and external stakeholders and adapt as client needs change.
Ability to work in a team environment with a positive, collegial approach toward colleagues and clients.
Curiosity and critical-thinking skills to solve problems and help implement more efficient processes or procedures.
Commitment to SEI’s values of courage, integrity, collaboration, inclusion, connection, and fun.

Nice To Haves

CPA.
Drive to broaden knowledge of the financial services industry by learning new concepts and systems and applying them to daily work.

Responsibilities

Own day-to-day tactical accounting operations for a bundle of service relationships and lead delivery of premium accounting services to internal and external clients.
Coordinate with Senior Operations Officers, other directors and unit personnel, SEI teams, external clients, auditors, and vendors to deliver efficient, standardized, predictable services.
Direct operations functions, including transaction initiation, service requests through multiple channels, and staff training and supervision.
Develop and implement procedures and policies to maintain or enhance client service and quality, improve operational efficiency, and support corporate standards.
Understand, communicate, and resolve client-specific issues in partnership with SEI Relationship Teams.
Ensure delivery and quality of fund accounting, shareholder reporting, and administration services in line with client-specific service models.
Serve as a senior technical and operational resource for clients and interact with client Boards of Directors or Trustees.
Serve as chief financial officer of client funds when circumstances require.
Identify, interpret, apply, and communicate accounting and industry rules and regulations; identify business trends and adapt operational services accordingly.
Set, communicate, monitor, and reinforce departmental vision, goals, objectives, policies, and action plans.
Participate in senior management meetings, initiatives, departmental projects, and integration efforts with other SEI lines of business.
Develop staff through training, performance appraisals, monthly one-on-ones, career pathing, and team development; participate in interviews and hiring and address promotions or disciplinary action as appropriate.
Review fund financial statements, fund documents, regulatory filings, budgets, and pro-forma analyses.
Work with Tax and Legal Departments on unique issues and lead changes to improve operational efficiency and effectiveness.
Monitor client service and quality indicators, set related goals, review significant fund-level threshold deviations, and manage staffing to ensure appropriate client coverage.
Set policies and procedures for the operational control environment; oversee third-party vendor performance and the progress of annual fund audits.
Write and coordinate fund accounting responses to RFPs and RFIs.
Participate in IMS and corporate professional development sessions and identify potential process improvements across the division and organization.

Benefits

Healthcare coverage, including medical, dental, vision, and prescription benefits.
Wellness programs, employee assistance program, and flexible spending account.
Life and disability insurance, with premiums paid for base coverage.
401(k) match.
Tuition reimbursement and education assistance.
Commuter benefits.
Up to 11 paid holidays per year.
21 days of paid time off per year, prorated for new hires and increasing over time; the posting also describes Flexible Time Off (FTO).
Paid parental leave, including 15 days of paid parental leave in one benefits description.
Back-up childcare arrangements and support for working parents.
Discounted stock purchase plan and investment options.
Paid volunteer days.
Access to employee networks.
Discretionary annual bonus eligibility, subject to company approval.