Fund Accountant, Investment Fund Services

SEI Investments Company; Oaks (PA); On-site; USD 48,000 - 70,000; Full time

Benefits offered by this job

Healthcare benefits

401(k) match

Tuition reimbursement

Paid Time Off

Job summary

SEI is seeking an entry-level Fund Accountant in Oaks, PA to support the Investment Fund Services accounting team. You will help calculate daily NAVs, fund cash, expenses and income, and process shareholder activity while liaising with clients and the transfer agent.

You will contribute to GAAP-compliant year-end audits and provide accurate accounting packages. Training and mentorship are provided as you grow your career with SEI.

Qualifications

• BA/BS in Accounting, Finance, Economics, Mathematics or equivalent experience.
• Internship experience preferred.

Responsibilities

• Calculate funds’ daily investable cash, expenses and income.
• Compute and report daily Net Asset Values (NAVs).
• Process shareholders’ activity and perform reconciliations to the fund’s transfer agent.
• Communicate the transactions associated with the fund(s) to clients and managers.
• Support year-end audit engagements in GAAP accounting standards.

Skills

Communication

Customer service

Time management

Teamwork

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 Investment Fund Services accounting team. Our primary goal is to provide exceptional accounting and administration servicing for our clients’ assigned mutual funds, CITs, ETFs and other pooled vehicles. 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. This is an entry level position, where training and support will be provided.What you will do:Your skills in accounting will be used by calculating the funds’ daily investable cash, expenses, and income. You will calculate and report the funds’ daily Net Asset Values (NAV’s). You will process shareholders’ activity and perform timely reconciliations to the fund’s transfer agent. 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 packagesAs the record keeper for the funds, you will be involved in the support of various year-end audit engagements in accordance with GAAP accounting standardsYou will correspond with external investment managers regarding day-to-day fund inquiries including entering security trades, fee payments, cash position breaks, and reconciliations. Client engagement and a dedication to quality service is a must for successWe want you to succeed and look for future solutions! Through attending and participating in various IMS and corporate professional development sessions, you will acquire the tools to identify processes across the division and organization. You will have the opportunity to collaborate with a diverse team and grow your careerWhat we need from you:BA / BS in Accounting, Finance, Economics, Mathematics, or equivalent experienceInternship experience preferred.Intermediate skills in Microsoft ExcelThe self-motivation, organization and drive to complete multiple client deliverables in a timely manner without sacrificing excellence or qualityStrong written and verbal communication skills as you will primarily support your clients through email and/or phone callsStrong customer service skills as you will be communicating daily with your clients and other service providersWhat we would like from you:An aim 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 assignmentsAttention-to-detail to ensure that all deliverables consistently meet the highest standard of quality and accuracyCollaboration with internal and external stakeholders. As the needs of our clients change, we need to be flexible to change with themPositivity and congenial approach in assisting both colleagues and clients and the ability to work in team environmentCuriosity, critical thinking and attention to detail: Whether it is to identify a solution to a problem or possibly help implement a more efficient process or procedure, your skills have a place in our businessSomeone who will embody our SEI Values of courage, integrity, collaboration, inclusion, connection and fun. Please see our website for more information. https://www.seic.com/For this position, SEI is not hiring individuals who require sponsorship for employment or continued employment now or anytime in the future.SEI’s competitive advantage:To help you stay energized, engaged and inspired, we offer a wide range of benefits including comprehensive care for your physical and mental well-being, a strong retirement plan, tuition reimbursement, support for working parents and flexible Paid Time Off (PTO) so you can relax, recharge and be there for the people you care about.Benefits include 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.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.AI Acceptable Use in the application and interview process: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 .