Fund Accountant, Investment Fund Services

SEI; Upper Providence Township (PA); Hybrid; USD 45,000 - 62,000; Full time

Benefits offered by this job

Healthcare benefits

401(k) match

Tuition reimbursement

Hybrid work environment

Paid time off

Parental leave

Back-up childcare

Volunteer days

Education assistance

Employee networks

Job summary

SEI is seeking an entry-level Fund Accountant in the Investment Manager Services division. You will calculate daily NAVs, fund cash, expenses and income, and serve as the official record keeper for mutual funds, CITs, ETFs and other pooled vehicles.

You will interact with investment managers and clients, handling daily inquiries, reconciliations, and reporting. SEI provides training and a hybrid work environment to develop your career in financial services.

Qualifications

• BA/BS in Accounting, Finance, Economics, Mathematics, or equivalent experience.
• Internship experience preferred.
• Intermediate skills in Microsoft Excel
• Self-motivation, organization and drive to complete multiple client deliverables on time
• Strong written and verbal communication, client-facing
• Strong customer service skills with daily client interaction

Responsibilities

• Calculate funds’ daily investable cash, expenses and income; report NAVs.
• Process shareholders’ activity and perform reconciliations with the transfer agent.
• Communicate fund transactions with investors/managers and prepare accounting packages.
• Support year-end audits and GAAP compliant work; participate in professional development.

Skills

Accounting

Excel

Communication skills

Customer service

GAAP knowledge

Education

BA/BS in Accounting

Internship experience preferred

Tools

GAAP standards

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 packages
• As the record keeper for the funds, you will be involved in the support of various year-end audit engagements in accordance with GAAP accounting standards
• You 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 success
• We 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 career

What we need from you:

• BA / BS in Accounting, Finance, Economics, Mathematics, or equivalent experience
• Internship experience preferred.
• Intermediate skills in Microsoft Excel
• The self-motivation, organization and drive to complete multiple client deliverables in a timely manner 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 your clients and other service providers

What 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 assignments
• Attention-to-detail to ensure that all deliverables consistently meet the highest standard of quality and accuracy
• Collaboration with internal and external stakeholders. As the needs of our clients change, we need to be flexible to change with them
• Positivity and congenial approach in assisting both colleagues and clients and the ability to work in team environment
• Curiosity, 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 business
• Someone 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, a hybrid working environment for most roles, 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.

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