Fund Accounting Manager

Russell Tobin; Philadelphia (Philadelphia County); Hybrid; USD 120,000 - 150,000; Full time

Benefits offered by this job

Hybrid work flexibility

Comprehensive benefits

Professional development opportunities

Job summary

PrideGlobal is seeking a Fund Accounting Manager for private equity and hedge funds to join its Investment Manager Services team. You will lead a client-facing accounting group, combining technical fund accounting expertise with people leadership.

Responsibilities include month-end valuations, NAV reporting, fund onboarding, audits, and regulatory compliance (GAAP/AML). Requires 5+ years in fund services, 2+ years supervising, and strong Excel and communication skills.

Qualifications

• Bachelor's degree in Accounting, Finance, Business, Economics, Mathematics or related field.
• 5+ years of experience in fund services, with direct alternative investment experience.
• 2+ years of supervisory or management experience.
• Strong understanding of hedge fund and/or private equity fund accounting and administration.
• Experience with NAV/valuation processes, reconciliations, financial reporting, and month-end close activities.
• Experience working with investment managers, fund clients, administrators, transfer agents, auditors, and other service providers.
• Working knowledge of GAAP, AML/compliance requirements, and fund operational controls.
• Intermediate proficiency with Microsoft Excel.

Responsibilities

• Serve as primary client contact with expertise across domestic and offshore alternative fund accounting and administration.
• Oversee day-to-day accounting operations for a team supporting private equity and hedge fund clients.
• Coordinate onboarding and setup of new funds and converted clients; ensure successful implementations.
• Review and approve month-end valuations, NAV-related reporting, reconciliations, and accounting packages.
• Partner with clients and investment managers on transaction-related questions and reporting.
• Coordinate with transfer agents, operations teams, technology teams, and external vendors to resolve issues.
• Support year-end audits and preparation/review of financial statements in accordance with GAAP.
• Ensure adherence to AML, regulatory, compliance, and internal control requirements.

Skills

Client relationship management

People leadership

Analytical thinking

Communication skills

Education

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

Tools

Microsoft Excel

Job description

Fund Accounting Manager — Private Equity & Hedge Funds

Our client, a leading global provider of investment processing, investment management, and investment operations solutions, is seeking an experienced Fund Accounting Manager to join its growing Investment Manager Services organization.

This is a high-visibility opportunity for an experienced alternative-fund accounting professional who enjoys combining technical fund accounting expertise, client relationship management, and people leadership. The successful candidate will oversee accounting operations for a portfolio of private equity and/or hedge fund clients while leading and developing a team of accounting professionals.

What You'll Do

• Serve as a primary point of contact for clients, providing expertise across domestic and offshore alternative fund accounting and administration.
• Manage the day-to-day accounting operations and workflow for a team supporting private equity and/or hedge fund clients.
• Allocate funds and responsibilities across the team while ensuring deadlines, service levels, and quality standards are consistently met.
• Coordinate the onboarding and setup of new funds and converted clients, gathering requirements and partnering with internal teams to ensure a successful implementation.
• Review and approve month-end valuations, NAV-related reporting, reconciliations, and accounting packages prior to delivery to clients.
• Partner with clients and investment managers on transaction-related questions, financial reporting, fund administration, and day-to-day service needs.
• Coordinate with transfer agents, internal operations teams, technology teams, and external vendors to resolve accounting, system, and production issues.
• Support year-end audits and preparation/review of financial statements in accordance with applicable GAAP requirements.
• Ensure appropriate adherence to AML, regulatory, compliance, and internal control requirements.
• Review fund transactions and accounting activity for accuracy, completeness, and compliance with established policies and procedures.
• Oversee and/or authorize fund cash activity and wire payments in accordance with applicable controls.
• Identify accounting issues, investigate discrepancies, and drive timely resolution with internal and external stakeholders.
• Participate in client meetings, prospect presentations, business development initiatives, and client visits as needed.
• Lead, coach, and develop supervisors and analysts through regular one-on-ones, performance evaluations, training, career development, and ongoing feedback.
• Assess staffing needs, participate in interviewing and hiring, and help build a high-performing team.
• Identify opportunities to improve processes, increase efficiency, and enhance the client experience.
• Collaborate across the organization to support new business, client conversions, technology initiatives, and continuous improvement.

What We're Looking For

• Bachelor's degree in Accounting, Finance, Business, Economics, Mathematics, or a related discipline; equivalent professional experience will also be considered.
• 5+ years of experience in fund services, with direct alternative investment experience required.
• 2+ years of supervisory or management experience.
• Strong understanding of hedge fund and/or private equity fund accounting and administration.
• Experience with NAV/valuation processes, reconciliations, financial reporting, and month-end close activities.
• Experience working directly with investment managers, fund clients, administrators, transfer agents, auditors, and/or other service providers.
• Working knowledge of GAAP, AML/compliance requirements, and fund operational controls.
• Intermediate proficiency with Microsoft Excel.
• Strong written and verbal communication skills with the ability to interact effectively with sophisticated financial-services clients.

The Ideal Candidate

We're looking for someone who can operate comfortably at both the technical and managerial levels.

You should be someone who:

• Takes ownership of client deliverables and consistently prioritizes accuracy and quality.
• Can manage multiple priorities and deadlines in a fast-paced fund-services environment.
• Has strong analytical and problem-solving skills.
• Communicates confidently with clients and senior stakeholders.
• Enjoys developing and mentoring accounting professionals.
• Is comfortable navigating complex accounting and operational issues.
• Works collaboratively across teams and takes initiative when issues arise.
• Is adaptable, curious, and interested in continuously improving processes and client service.

Why Consider This Opportunity?

This is an opportunity to join a well-established global financial-services and technology organization with a growing alternatives platform.

The organization offers a collaborative, professional environment, hybrid work flexibility, comprehensive benefits, retirement benefits, paid time off, professional development opportunities, and strong opportunities for career growth.

We are committed to providing reasonable accommodations to applicants and employees with disabilities. If you require a reasonable accommodation to participate in the application or interview process, or to perform the essential functions of this role, please contact us.

PrideGlobal and it's affiliates offers eligible employee's comprehensive healthcare coverage (medical, dental, and vision plans), supplemental coverage (accident insurance, critical illness insurance and hospital indemnity), 401(k)-retirement savings, life & disability insurance, an employee assistance program, legal support, pet insurance and employee discounts with preferred vendors.

PrideGlobal and it's affiliates are an equal opportunity employer. We do not discriminate on the basis of the race, religious creed, color, national origin, ancestry, physical disability, mental disability, reproductive health decision making, medical condition, genetic information, marital status, sex, gender, gender identity, gender expression, age, sexual orientation, veteran or military status, or any other characteristic protected by applicable federal, state, or local law.

PrideGlobal and it's affiliates are a Fair Chance employer. We consider all qualified applicants, including those with criminal histories, in a manner consistent with applicable state and local Fair Chance laws and ordinances, including, the California Fair Chance Act and all applicable local Fair Chance ordinances.

Accommodations

We are committed to providing reasonable accommodations to applicants and employees with disabilities. If you require a reasonable accommodation to participate in the application or interview process, or to perform the essential functions of this role, please contact us.

Only applicable for San Francisco Candidates

Under the San Francisco Lactation in the Workplace Ordinance, we will provide written notice of lactation accommodation rights, and this notice will automatically be given upon hiring, any inquiry of parental leave or lactation accommodation.