Fund Accountant, Alternative Investment Funds

SEI Corporation; New York (NY); Hybrid; USD 69,000 - 83,000; Full time

Benefits offered by this job

Healthcare benefits

401(k) match

Education assistance

Commuter benefits

Paid holidays

Job summary

SEI Corporation is seeking a Fund Accountant in the Investment Manager Services Division to provide accounting and administration servicing for hedge and private equity funds. You will act as the official record keeper, reconciling NAVs, communicating fund transactions, and supporting year-end audits with GAAP compliance.

The role requires a BA/BS in accounting or related fields, internship experience preferred, strong Excel skills, and a focus on delivering quality service to internal and

Qualifications

• BA / BS in Accounting, Finance, Economics, Mathematics or equivalent work experience.
• Internship experience preferred.
• Intermediate skills in Microsoft Excel.
• The self-motivation and drive to monitor multiple client deliverables without sacrificing excellence or quality.
• Strong written and verbal communication skills as you will primarily support your clients through email and/or phone calls.
• Strong customer service skills as you will be communicating daily with internal clients and your clients.

Responsibilities

• Pricing and maintaining timely records for hedge and private equity holdings using various external pricing resources.
• Perform timely reconciliations regarding Net Asset Values and provide accounting reports.
• Communicate the transactions associated with the fund(s) and work closely with internal and external clients to provide accurate and thorough accounting packages.
• Coordinate and support year-end audit engagements in accordance with GAAP accounting standards.
• Perform due-diligence to ensure clients are in compliance with government laws and regulations.

Skills

Written communication

Verbal communication

Self-motivation

Customer service

Internship experience

Education

BA/BS in Accounting, Finance, Economics, Mathematics or equivalent

Tools

Microsoft Excel

Job description

The Investment Manager Services Division (IMS) at SEI is growing rapidly and is seeking new members on our Alternative Investment Funds accounting team. Our primary goal is to provide exceptional accounting and administration servicing for our clients’ assigned hedge and private equity funds. As a Fund Accountant, you will act as an intermediary between the funds and their investment managers and serve as the official record keeper for the funds.

What you will do:

Your skills in accounting will be used by pricing and maintaining timely records for hedge and private equity holdings using various external pricing resources. You will perform timely reconciliations regarding Net Asset Values and provide accounting reports. You are responsible to communicate the transactions associated with the fund(s) and work closely with internal and external clients to provide accurate and thorough accounting packages As the 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. We will need you to perform due-diligence to ensure clients are in compliance with government laws and regulations You will correspond with external investment managers regarding day-to-day fund inquiries including fee payments, cash position breaks, and reconciliations. Client engagement and a dedication to quality service is a must for success

What we need from you:

• BA / BS in Accounting, Finance, Economics, Mathematics or equivalent work experience
• Internship experience preferred
• Intermediate skills in Microsoft Excel
• The self-motivation and drive to monitor multiple client deliverables without sacrificing excellence or quality
• Strong written and verbal communication skills as you will primarily support your clients through email and/or phone calls
• Strong customer service skills as you will be communicating daily with internal clients and your clients

What we would like from you:

• A drive to broaden one’s knowledge of the financial services industry by learning new concepts and systems and taking the initiative to apply it to daily work assignments
• Collaboration with internal and external stakeholders. As the needs of our clients change, we need to be flexible to change with them
• Positivity and collegial approach in assisting both colleagues and clients and the ability to work in team environment
• Curiosity, critical thinking and attention to detail: Whether it’s to identify a solution to a problem or possibly help implement a more efficient process or procedure, your skills have a place in our business
• Someone who will embody our SEI Values of courage, integrity, collaboration, inclusion, connection and fun.

Compensation:

The base salary pay for this role is $68,950-$83,000 per year.

Benefits:

• healthcare (medical, dental, vision, prescription, wellness, EAP, FSA)
• life and disability insurance (premiums paid for base coverage)
• 401(k) match
• education assistance
• commuter benefits
• up to 11 paid holidays/year
• 16 days PTO/year pro-rated for new hires which increases over time
• paid parental leave
• back-up childcare arrangements
• paid volunteer days
• a discounted stock purchase plan
• investment options
• access to thriving employee networks
• and more

For this position, SEI is not hiring individuals who require sponsorship for employment or continued employment now or anytime in the future.

We are a technology and asset management company delivering on our promise of building brave futures (SM)—for our clients, our communities, and ourselves. Come build your brave future at SEI. The position title reflected in this job description is aligned with SEI's current internal job architecture. As part of SEI's role and career framework, internal job titles may not directly correspond to external market titles and may differ from titles previously assigned during an employee's tenure or at the time of hire. SEI is an Equal Opportunity Employer and so much more… After over 50 years in business, SEI remains a leading global provider of investment processing, investment management, and investment operations solutions. Reflecting our experience within financial services and financial technology our offices encompass an open floor plan and numerous art installations designed to encourage innovation and creativity in our workforce. We recognize that our people are our most valuable asset and that a healthy, happy, and motivated workforce is key to our continued growth. At SEI, we’re (literally) invested in your success. We offer our employees paid parental leave, back-up childcare arrangements, paid volunteer days, education assistance and access to thriving employee networks. SEI is an equal opportunity / affirmative action employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability status, protected veteran status, or any other characteristic protected by law.

SEI acknowledges the growing integration of artificial intelligence (AI) tools into individuals’ personal and professional lives. If you intend to incorporate the use of any AI tools at any stage of the application and/or interview process, please ensure you have reviewed and adhere to our AI use guidelines. We are global provider of technology, operations, and asset management services for the financial services industry. We tailor our solutions to help clients make effective use of their capital—whether that’s money, time, or talent—to grow and better serve their clients. At SEI, we’re committed to fostering an inclusive workplace where everyone has the same opportunities to grow, develop, and succeed. Please see our website for more information. https://www.seic.com/