Assistant Fund Manager - Private Credit

Alter Domus; Chicago, Northern (IL, KY); Hybrid; USD 60,000 - 105,000; Full time

Benefits offered by this job

Professional accreditations

Flexible arrangements & holidays

Mentoring & career development

Sports & social events across offices

Employee Assistance Program

Employee Share Plan

Job summary

Alter Domus is seeking a seasoned professional to lead Client Delivery teams in our Chicago-area office. You will supervise and mentor Fund Accountants, ensuring timely delivery of financial reporting, investor communications, and audit readiness.

You will oversee complex accounting processes, review statements, and respond to auditor inquiries while upholding internal controls and client agreements. Strong leadership, communication, and analytical capabilities are essential for success.

Qualifications

• Bachelor’s degree in accounting (or related field).
• Credit Accounting experience preferred.
• 5+ years of professional experience.
• In-depth understanding of investments within assigned fund(s).
• Broad market knowledge.
• Ability to manage 2 staff members with potential for growth.
• Strong communication and analytical skills.
• Ability to perform multiple projects, navigate through unexpected challenges, and bring about viable solutions that provide the best results.

Responsibilities

• Manage and oversee Client Delivery teams and projects.
• Mentor and train Fund Accountants; provide direction to prioritize work.
• Administer, report, review, and understand industry standards; respond to auditor queries.
• Increase communication with clients and investors; prepare/review monthly, quarterly, and annual reports.
• Calculate and review performance returns and support cash distributions for clients.
• Review financial records and statements for audit readiness and accuracy.
• Sign off as reviewer on SOC1 checklist and assist with SOC external audits.
• Ensure compliance with internal audit procedures and client agreements.
• Develop leadership by leading projects and contributing expert input.
• Demonstrate understanding of governing agreements between Alter Domus, clients and investors.
• Review documents to ensure compliance with client agreements.

Skills

Leadership

Communication

Analytical

Multitasking

Project management

Education

Bachelor's degree in accounting

Job description

As a world leading provider of integrated solutions for the alternative investment industry, Alter Domus (meaning "The Other House" in Latin) is proud to be home to 90% of the top 30 asset managers in the private markets, and more than 6,000 professionals across 24 jurisdictions.

With a deep understanding of what it takes to succeed in alternatives, we believe in being different in what we do, how we work, and most importantly in how we enable and develop our people. Invest yourself in the alternative, and join an organization where you progress on merit, where you can speak openly with whoever you are speaking to, and where you will be supported along whichever path you choose to take.

Find out more about life at Alter Domus at careers.alterdomus.com

JOB DESCRIPTION

• Manage and oversee Client Delivery teams
• Able to manage 1-2 Associate Fund Accountants or Fund Accountants with potential for growth;
• Supervise and mentor a team of Fund Accountants, as well as train new employees and provide direction and help prioritize the work of others
• Administer, report, review, and understand industry standards
• Respond to auditor queries;
• Increase communication/interaction with clients and their investors. Prepare/review monthly, quarterly, and annual reports for investors, consultants and other stakeholders including financial information, performance returns, operations and variance analysis;
• Calculate and review various performance returns;
• Support and coordinate cash distributions on behalf of clients;
• Review, analyze and interpret accounting records, financial statements, footnotes, or other financial report to assess accuracy, completeness, and conformance to reporting and procedural standards for audit reports;
• Sign off as reviewer on SOC1 checklist and support SOC external audit requests;
• Ensure compliance with internal audit procedures and requests;
• Develop leadership skills by demonstrating a willingness to lead projects and offer input; and
• Demonstrate a comprehensive understanding of the governing agreement(s) between Alter Domus, the clients and their investors;
• Review documents in compliance with client agreement(s);

YOUR PROFILE

• Bachelor’s degree in accounting (or related field);
• Credit Accounting experience preferred;
• 5+ years of professional experience;
• In-depth understanding of investments within assigned fund(s);
• Broad market knowledge;
• Ability to manage 2 staff members with potential for growth;
• Strong communication and analytical skills; and
• Ability to perform multiple projects, navigate through unexpected challenges, and bring about viable solutions that provide the best results.

Salary range depending on location and experience: $60,00-$105,000

WHAT WE OFFER

We are committed to supporting your development, advancing your career, and providing benefits that matter to you.

Our industry-leading Alter Domus Academy offers six learning zones for every stage of your career, with resources tailored to your ambitions and resources from LinkedIn Learning.

• Support for professional accreditations
• Flexible arrangements, generous holidays, plus 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

Alter Domus is an Equal Opportunity Employer: Equity Statement
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, or protected veteran status.