Fund Accounting Manager

Alter Domus • Chicago, IL

1d • Hybrid

About The Position

Alter Domus is currently seeking a Fund Manager to join our Private Credit team! Provide mentorship and leadership to team members, ensure team training and career development. Serve as lead contact for client and their investors, auditors, and other parties. Manage and oversight the production of financial statements and supporting schedules, including, but not limited to, journal entries, trial balances, and capital activities. Review investor allocations, ad-hoc communications with investors, workpapers and unaudited financial statements, partners’ capital statements, and all reports for both limited and general partners. Perform review of IRR’s and returns and discussing results. Analyze management fees, incentive fee, and waterfall calculations. Ensure fund/account compliance with client agreement(s). Manage client expectations and communicate deliverables clearly and timely. Assist with open items list / auditor communications, 1099 form preparation, and onboarding process for both new clients and new funds. Review and assist in spearheading ongoing Credit Fund automation project. Communicate with senior team members on the status of reports and projects. Monitor and create fund/account efficiencies and ensure implementation of improvements. Work with senior team members on special requests from clients. Assist with the development of policies and procedures.

Requirements

• 7+ years of professional experience
• Bachelor’s degree in Accounting, Finance or similar
• Expertise in Credit Fund Accounting and Bank Loan Markets operations
• In depth understanding of private credit and structured product investments
• Experience preparing journal entries and other fund accounting process (e.g. cash, investments, intercompany, credit facility, accruals, valuations, management fees, invoices, partner allocation, and carried interest)
• Deep knowledge of Fund Accounting technology platforms
• Advanced Microsoft Excel skills, including advanced formulas and pivot tables
• Understanding of multiple vehicle structures including parallel, co-investor, blocker, feeder and holding company structures
• Ability to quickly learn and understand Alter Domus’ accounting systems and corresponding reporting
• Skilled at proactively identifying issues and recommend long-term solutions
• Capacity to multitask, working on multiple client and/or fund deadlines
• Effective communicator with clients
• Capable of working both independently and on a team
• Excellent attention to detail and analytical skills

Nice To Haves

• Experience managing a team is a plus

Responsibilities

• Provide mentorship and leadership to team members, ensure team training and career development
• Serve as lead contact for client and their investors, auditors, and other parties
• Manage and oversight the production of financial statements and supporting schedules, including, but not limited to, journal entries, trial balances, and capital activities
• Review investor allocations, ad-hoc communications with investors, workpapers and unaudited financial statements, partners’ capital statements, and all reports for both limited and general partners
• Perform review of IRR’s and returns and discussing results
• Analyze management fees, incentive fee, and waterfall calculations
• Ensure fund/account compliance with client agreement(s)
• Manage client expectations and communicate deliverables clearly and timely
• Assist with open items list / auditor communications, 1099 form preparation, and onboarding process for both new clients and new funds
• Review and assist in spearheading ongoing Credit Fund automation project
• Communicate with senior team members on the status of reports and projects
• Monitor and create fund/account efficiencies and ensure implementation of improvements
• Work with senior team members on special requests from clients
• Assist with the development of policies and procedures

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