Management Associate, Alternative Investments Fund Accountant

Glenmede•Philadelphia, PA

60d•Hybrid

About The Position

The primary function of the Management Associate, Alternative Investments Fund Accountant is to be a key contributor on a team performing fund accounting and administration responsibilities for Glenmede client private equity and hedge fund investments. The role also supports the day-to-day administration and annual audit of the Glenmede Private Investment Funds along with fielding various inquiries from client service and portfolio management teams. This position will operate in a hybrid work environment, 3 days per week in the officeâ¯(Philadelphia, PA).

Requirements

Bachelor's degree in accounting or finance
2+ years of internship, co-op, and/or working experience in financial services or related role

Nice To Haves

Fund Accounting experience supporting private equity and hedge fund vehicles
Strong interpersonal skills, including clear verbal and written communication
Experience using investment systems that support partnership accounting

Responsibilities

Fund Accounting & Administration.â¯Coordination and review of monthly/quarterly valuations for Glenmede's private equity & hedge fund-of-funds vehicles.
Daily processing of capital calls and distributions for client-held private investments.
Manage cash forecasting for private equity funds to meet liquidity needs and provide recommendations on capital calls and distributions.
Reconcile private investment positions across internal systems.
Audit and Tax Engagement Support.â¯Assist with deliverables related to tax filings for alternative investment products.
Partner with external administrator on preparation of quarterly work-papers and issuance of year-end financials in connection with annual US GAAP audit.
Private Investment Client Service.â¯Support various internal reporting and data requests from investment teams.
Address queries from Relationship Managers on behalf of clients invested in private equity & hedge funds.
Contribute to projects focused on improving productivity and implementing technology solutions for alternative assets.
Firm Building.â¯Active engagement in department-specific and firm-wide initiatives to expand capabilities, create solutions to address unmet business needs, improve client experience, or develop more efficient processes.
Ability and willingness to contribute to the advancement of team, office and business capabilities.
Other duties as required by the position.