Fund Accountant – Alternative Investment Funds Accounting

SEI; Oaks (PA); On-site; USD 55,000 - 70,000; Full time

Job summary

SEI in Oaks, PA is seeking an entry-level Fund Accountant to join the Alternative Investment Funds accounting team within the IMS division. You will be the intermediary and official record keeper for hedge and private equity funds, supporting accurate accounting and administration for clients.

You’ll use Microsoft Excel to maintain fund records, perform NAV reconciliations, and assist with audits and regulatory compliance.

Qualifications

• Entry-level position requiring a BA/BS in Accounting, Finance, Economics, Mathematics, or equivalent work experience.
• Internship experience is preferred, with intermediate Microsoft Excel skills.

Responsibilities

• Maintain fund records and price hedge and private equity holdings using external pricing resources.
• Perform reconciliations and reporting for Net Asset Values and provide accounting reports to clients.
• Coordinate year-end audits and ensure compliance with GAAP and government regulations.
• Communicate daily with external investment managers to address fund inquiries and reconciliations.
• Engage in IMS professional development sessions to improve processes.

Skills

Two-way communication

Microsoft Excel

Customer service

Self-motivation

Education

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

Tools

Excel

Job description

Fund Accountant, Alternative Investment Funds | SEI

The Tone:

This is an entry-level role at SEI, located in Oaks, PA. SEI is a global technology and asset management company with over 50 years of experience, providing investment processing, management, and operations solutions. This role is crucial for delivering exceptional accounting and administration services for clients’ hedge and private equity funds. As a Fund Accountant, you will act as a key intermediary and the official record keeper for these funds.

The TL;DR

• Role: Early Career
• Type: Full-time
• Location: In-person Oaks, PA
• Team: Alternative Investment Funds accounting team within the Investment Manager Services (IMS) Division
• Mission: Provide exceptional accounting and administration servicing for clients’ assigned hedge and private equity funds, acting as an intermediary and official record keeper.
• Tech Stack: Microsoft Excel

What You’ll Actually Do

• Maintain Fund Records: Price and keep timely records for hedge and private equity holdings using various external pricing resources.
• Perform Reconciliations and Reporting: Complete timely reconciliations regarding Net Asset Values and provide necessary accounting reports to clients.
• Support Audits and Compliance: Coordinate and support year-end audit engagements in accordance with GAAP and perform due diligence to ensure client compliance with government laws and regulations.
• Communicate with Investment Managers: Correspond daily with external investment managers to address fund inquiries, including fee payments, cash position breaks, and reconciliations.
• Engage in Professional Development: Participate in IMS and corporate professional development sessions to identify and improve processes across the division and organization.

The Must-Haves

• Background: Entry-level position requiring a BA/BS in Accounting, Finance, Economics, Mathematics, or equivalent work experience.
• Experience: Internship experience is preferred, along with intermediate skills in Microsoft Excel.
• Skills: Demonstrated self-motivation to monitor multiple client deliverables, strong written and verbal communication skills, and strong customer service abilities.
• Bonus: A drive to broaden knowledge of the financial services industry, a collaborative approach with stakeholders, positivity and a collegial attitude in a team environment, and a curious, critical thinking mindset with attention to detail.