Fund Accountant

SEI; Oaks (PA); On-site; USD 42,000 - 52,000; Full time

Job summary

SEI in Oaks, PA is seeking an entry-level Fund Accountant for Hedge and Private Equity funds within the Investment Manager Services division. You will act as the official record keeper, supporting accurate financial reporting and client accounting processes.

You’ll receive comprehensive training, collaborate with internal teams and external managers, and develop Excel-based reporting skills while growing your career in a global financial services environment.

Qualifications

• Entry-level professional with a BA/BS in relevant field or equivalent work experience.
• Intermediate skills in Microsoft Excel required; internship experience preferred.
• Strong written and verbal communication and customer service skills for client interactions.
• Proactive drive to learn the financial services industry and collaborate with stakeholders.

Responsibilities

• Maintain and price hedge and private equity holdings, producing timely accounting records.
• Prepare and communicate fund-related transactions and accounting packages to internal/external clients.
• Coordinate year-end audits and ensure GAAP compliance and regulatory adherence.
• Engage with external investment managers to address daily fund inquiries and reconciliations.
• Attend IMS and corporate development sessions to identify process improvements.

Skills

Self-motivation

Communication skills

Customer service

Attention to detail

Education

Bachelor's degree in Accounting, Finance, Economics, Mathematics

Tools

Microsoft Excel

Job description

Fund Accountant, Alternative Investment Funds | SEI

The Tone:

This is an entry-level position at SEI, located in Oaks, PA, within the rapidly growing Investment Manager Services (IMS) Division. SEI is a leading global provider of investment processing, investment management, and investment operations solutions, reflecting over 50 years of experience in financial services and financial technology. This role is crucial for delivering exceptional accounting and administration services to clients’ assigned hedge and private equity funds. As a Fund Accountant, you will act as an intermediary between the funds and their investment managers, serving as the official record keeper and contributing significantly to the accurate financial reporting of these alternative investments. Comprehensive training and support will be provided to ensure new team members are set up for success in this vital function.

The TL;DR

• Role: Entry-Level
• Location: In-person Oaks, PA
• Team: Alternative Investment Funds accounting team within the Investment Manager Services (IMS) Division.
• Mission: Serve as the official record keeper for clients’ hedge and private equity funds, providing accurate accounting and administration services.
• Tech Stack: Microsoft Excel

What You’ll Actually Do

• Account Maintenance and Reporting: Utilize accounting skills to price and maintain timely records for hedge and private equity holdings using various external pricing resources. You will perform timely reconciliations regarding Net Asset Values and provide comprehensive accounting reports.
• Transaction Communication: Communicate the transactions associated with the fund(s) and work closely with internal and external clients to provide accurate and thorough accounting packages.
• Audit and Compliance Coordination: As the official record keeper for the fund, you will be involved in the coordination and support of various year-end audit engagements in accordance with GAAP accounting standards. You will perform due-diligence to ensure clients are in compliance with government laws and regulations.
• External Client Engagement: Correspond with external investment managers regarding day-to-day fund inquiries, including fee payments, cash position breaks, and reconciliations. A dedication to quality service is essential for successful client engagement.
• Professional Development: Attend and participate in various IMS and corporate professional development sessions to acquire tools for identifying and improving processes across the division and organization, fostering career growth within a diverse team.

The Must-Haves

• Background: An entry-level professional with a Bachelor of Arts (BA) or Bachelor of Science (BS) degree in Accounting, Finance, Economics, Mathematics, or possess equivalent work experience.
• Experience: Intermediate skills in Microsoft Excel are required for this role, and internship experience in a relevant field is preferred.
• Skills: You must possess the self-motivation and drive to monitor multiple client deliverables without sacrificing excellence or quality. Strong written and verbal communication skills are essential for supporting clients via email and phone calls, alongside strong customer service skills for daily interactions with internal and external clients.
• Bonus: A proactive drive to broaden one’s knowledge of the financial services industry, a collaborative approach with stakeholders, a positive and collegial attitude, and strong curiosity, critical thinking, and attention to detail to identify solutions and implement efficient processes.