Manager, Private Equity and Hedge Fund Accounting (REMOTE)
About The Position
SEI’s Investment Manager Services Division (IMS) is seeking a Manager for its Private Equity and Hedge Fund Accounting Teams. The division provides customer service, accounting, and administration services to hedge fund and private equity fund clients. The manager oversees accounting operations and resolves accounting issues for clients, serving as their main point of contact for offshore and domestic alternative-fund accounting and administration. The role manages team workflows, fund onboarding and setup, client and internal coordination, fund accounting and reporting, month-end valuation review, and audit support. It also includes client due diligence and compliance responsibilities, transaction review under anti-money-laundering procedures, and authorization of wire payments from fund escrow accounts. The manager leads and develops supervisors and analysts, including appraisals, one-on-ones, training, staffing, hiring, promotions, and disciplinary actions. The role also supports business development and client relationship teams, facilitates onboarding for new and converted clients, and participates in professional development and process-improvement efforts. The position is remote.
Requirements
- BA/BS in Business, Accounting, Finance, Economics, or Mathematics, or equivalent professional experience.
- At least 5 years of experience in the fund services industry; alternatives experience is required.
- At least 2 years of supervisory or management experience.
- Intermediate Microsoft Excel skills.
Nice To Haves
- Self-motivation, organization, and the ability to complete multiple client deliverables on time without compromising quality.
- Strong written and verbal communication skills, including supporting clients by email and phone.
- Strong customer-service skills and experience communicating with clients and service providers.
- Interest in broadening financial-services knowledge, learning new concepts and systems, and applying them to daily work.
- Strong attention to detail and commitment to quality and accuracy.
- Ability to collaborate with internal and external stakeholders and adapt as client needs change.
- A positive, collegial approach and ability to work in a team environment.
- Curiosity, critical thinking, and interest in solving problems and improving processes.
- Ability to embody SEI’s values of courage, integrity, collaboration, inclusion, connection, and fun.
Responsibilities
- Serve as the main client contact for offshore and domestic fund accounting and administration for alternative funds.
- Manage the allocation of funds to the team and coordinate and onboard new fund setups.
- Liaise between clients and internal teams to deliver accurate and complete accounting packages.
- Coordinate and support year-end audit engagements in accordance with GAAP accounting standards.
- Perform due diligence to help ensure clients comply with government laws and regulations.
- Follow anti-money-laundering policies and procedures when reviewing fund transactions, and ensure the team follows applicable departmental rules and regulations.
- Generate and reconcile accounting reports, including month-end valuation reports.
- Review and approve month-end valuations before client distribution, and authorize wire payments from fund escrow accounts.
- Respond to investment managers’ day-to-day inquiries about fund transactions, administration servicing, planning, reporting, and financial statements.
- Work with investment managers, transfer agents, sales and service teams, technology support, and vendors to resolve open issues and production or system-support problems.
- Conduct performance appraisals and monthly one-on-ones with supervisors and analysts, and provide career pathing and training.
- Assess resource needs, interview candidates, hire employees, and ensure staffing requirements are met.
- Support a team environment through individual development, promotions, and disciplinary action.
- Support new-business development and relationship teams with prospect calls, client visits, and presentations.
- Facilitate onboarding of new and converted clients by gathering requirements, submitting custom requests, and communicating deliverables to team members.
- Participate in IMS and corporate professional-development sessions and identify process improvements across the division and organization.
Benefits
- Discretionary annual bonus, subject to company approval.
- Medical, dental, vision, prescription, wellness, employee assistance program, and flexible spending account benefits.
- 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, with accrual increasing over time.
- Paid parental leave.
- Back-up childcare arrangements.
- Paid volunteer days.
- Discounted stock purchase plan.
- Investment options.
- Access to employee networks.
- Comprehensive support for physical and mental well-being.
- Flexible paid time off.
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What This Job Offers
Job Type
Full-time
Career Level
Manager
