Fund Accounting Manager - Real Estate

Alter Domus • Chicago, IL

5h • Hybrid

About The Position

Alter Domus is currently seeking a new Fund Accounting Manager to join our Fund Administration Real Estate team at our Chicago, IL, office. This role involves managing client deliverables related to the NAV process, including financial statements, investor statements, capital call notices, distribution notices, and other ad-hoc reporting. The position also includes training, reviewing, and overseeing Analyst/Associate/Senior Associates staff, identifying and executing on efficiency and process-improvement opportunities, and adhering to compliance requirements. The manager will review and calculate complex management fees, incentive fees, capital calls, and allocations, and interact directly with clients. Coordination with the Client Service team is essential for managing deadlines and client expectations. Collaboration with Financial Control, Client Service, Implementation, and Technology teams is expected to streamline production and enhance policies and procedures. The role also involves recruiting, training, managing, and developing a team of accounting and financial-reporting professionals, ensuring strong internal and external communications, and overseeing interactions with fund-client auditors. A key responsibility is reviewing all FS tables including CF, FIHI, Fair Value, etc., with limited exposure to footnotes.

Requirements

• Bachelor’s degree in accounting, finance, or other business-related field with substantive and relevant work experience
• 6+ years of accounting experience, preferably in the financial services industry, but not required
• Proactive interest in learning, inquiring on, and mastering new investment concepts, accounting rules, and service processes required
• Experience managing and directly overseeing a team required
• Proactive, client-oriented approach with strong verbal and written Communication skills and ability to collaborate with internal and external parties to meet deadlines and resolve issues
• Outstanding organization, prioritization, and attention to detail
• Ability to remain poised in a deadline-driven environment

Nice To Haves

• Direct fund administration experience, exposure to private equity, credit, and real estate funds and concepts a plus
• CPA or CPA eligibility a plus

Responsibilities

• Manage the client deliverables related to the NAV process, including financial statements, investor statements, capital call notices, distribution notices, and other ad-hoc reporting as required
• Training, reviewing and oversight of Analyst/Associate/Senior Associates staff dedicated to your assigned group of funds
• Identify and execute on efficiency and process-improvement opportunities and communicate improvements to business unit leaders and other internal teams
• Adhere to compliance requirements and identify and communicate risks
• Review and calculate complex management fees, incentive fees, capital calls, and allocations
• Interact directly with clients on weekly/monthly calls and ad-hoc as required
• Coordinate with Client Service team to manage deadlines and client expectations
• Work with members of the Financial Control, Client Service, Implementation, and Technology teams to streamline production and enhance policies and procedures
• Recruit, train, manage and develop a team of accounting and financial-reporting professionals
• Ensure strong internal and external communications on status, issues, and expectations
• Oversee and manage the interactions with the fund-client auditors
• Review all FS tables including CF, FIHI, Fair Value, etc. and limited exposure to footnotes.

Benefits

• Support for professional accreditations
• Flexible arrangements
• Generous holidays
• An additional day off for your birthday
• Continuous mentoring along your career progression
• Active sports, events and social committees across our offices
• 24/7 support available from our Employee Assistance Program
• The opportunity to invest in our growth and success through our Employee Share Plan
• Additional local benefits depending on your location

What This Job Offers

• Job Type: Full-time
• Career Level: Manager