Senior Accounting Product Manager- Alternatives

Clearwater Analytics•New York, NY

8d•$179,400 - $243,136

About The Position

The Senior Accounting Product Manager will lead the alternative investments accounting product portfolio, owning its backlog, development, testing, enhancement, and implementation. The role supports private funds and illiquid assets, including private equity, private credit, real estate, infrastructure, and fund-of-funds. It works across technology, operations, implementations, sales, compliance, accounting, valuation, data, and client services to ensure product capabilities meet evolving client needs and remain competitive. The role defines and executes the product roadmap, translates complex alternatives accounting and operational requirements into product specifications, and serves as an internal subject-matter expert. It engages clients and prospects, turns feedback and operational learnings into product improvements, and leads testing and quality assurance for complex alternatives use cases. The position also monitors product performance, reports on status and market insights to senior management, and ensures product design supports relevant accounting, reporting, control, and regulatory requirements.

Requirements

At least 8 years of experience in investment accounting or product management, with a strong focus on alternative investments such as private equity, private credit, real estate, infrastructure, or fund-of-funds.
Deep understanding of investment accounting principles and financial instruments relevant to alternatives, including capital account activity, NAV and book value, fee and carry structures, and performance measurement.
Familiarity with accounting and reporting frameworks such as US GAAP, IFRS, and/or statutory and regulatory requirements as they apply to alternative assets.
A track record of managing product development cycles from concept to launch in a financial or fintech environment.
Ability to translate complex accounting and operational requirements into clear product specifications and prioritized backlogs.
Strong analytical, problem-solving, and decision-making skills, including comfort with large, detailed datasets and complex cash flow and valuation scenarios.
Strong communication and interpersonal skills, with the ability to collaborate across technology, operations, sales, and client-facing teams and communicate clearly with senior stakeholders and clients.
Proficiency with modern product and project management tools and methodologies, such as agile, Jira, Aha, backlog management, discovery, and validation practices.

Nice To Haves

Professional designation such as CPA, CFA, or CAIA, or equivalent experience in alternatives accounting or investments.
Prior experience working for or with asset owners, asset managers, fund administrators, or service providers focused on alternative investments.
Experience with enterprise investment accounting or portfolio management systems supporting alternative assets.

Responsibilities

Define and execute the product roadmap for alternative investment accounting products in alignment with company goals, client needs, and the broader investment accounting platform.
Translate alternative asset accounting concepts and workflows into clear product requirements and a prioritized backlog.
Conduct market research and competitive analysis to identify trends, client use cases, and emerging regulatory or reporting demands.
Gather requirements from stakeholders, articulate product vision, and prioritize features for development.
Serve as an internal subject-matter expert on alternatives accounting, fund structures, capital account activity, performance metrics, and multi-basis/multi-GAAP reporting.
Partner with accounting, valuation, and data teams to support accurate treatment of alternative assets under GAAP, IFRS, statutory, and client-specific policies.
Champion end-to-end alternatives workflows, including statement and notice ingestion, commitment tracking, NAV and book value alignment, fee and carry calculations, and look-through and exposure reporting.
Coordinate with product, engineering, data, operations, and client services teams to deliver alternatives features and enhancements.
Collaborate with implementation and operations teams to design scalable onboarding and workflows, including integrations with third-party administrators, GPs, and document/data providers.
Act as the primary liaison between product development and external stakeholders, including key clients, partners, and, where appropriate, regulators, on alternative investment accounting matters.
Engage clients and prospects to understand their accounting, reporting, and operational needs and validate product direction.
Convert client feedback, production issues, and implementation learnings into product improvements and prioritized backlog items.
Deliver product demonstrations, presentations, and training to internal teams and clients.
Define and oversee testing strategies for new features and enhancements, particularly for complex alternatives use cases.
Work with development teams to establish acceptance criteria, test cases, and regression plans, and facilitate user acceptance testing with stakeholders and key clients.
Ensure delivered functionality meets standards for accuracy, performance, and reliability across large, complex alternatives portfolios.
Analyze product usage, client outcomes, and operational metrics to assess product success and identify improvement or expansion opportunities.
Use data and client insights to iterate on the roadmap, deprecate low-value features, and invest in high-impact workflows.
Prepare senior-management reports and presentations summarizing product status, wins, risks, and market insights for the alternatives business.
Monitor accounting, regulatory, and industry developments affecting alternative investments.
Ensure product design and implementation support relevant client accounting, reporting, and control requirements.
Partner with compliance, legal, and risk stakeholders to assess new features and support audit and control needs.