Fund Accounting Manager, Alternative Investment Funds

Russell Tobin; Oaks (PA); Hybrid; USD 105,000 - 125,000; Full time

Job summary

Russell Tobin in Oaks, PA is seeking a Fund Accounting Manager - Alternative Investments to lead offshore and domestic fund accounting and administration for our clients. The role combines client oversight with team leadership in a hybrid environment (potential for remote).

Compensation is $100,000–$120,000 base plus a $5,000 bonus, with 5+ years in fund services and alt investments preferred. You will oversee month-end valuations, audits, AML compliance, and client deliverables while developing

Qualifications

• Bachelor's degree in business, accounting, finance, economics, mathematics or equivalent.
• Minimum of 5 years of experience in the fund services industry.
• Alternative investment experience required (hedge funds or private equity).
• Minimum of 2 years of supervisory or management experience.
• Strong knowledge of offshore and domestic fund accounting and administration.
• Experience with month-end valuations, reconciliations, financial reporting and GAAP audits.
• Strong written and verbal communication with clients and internal stakeholders.
• Strong organizational skills and attention to detail.
• Ability to manage multiple client deliverables and deadlines.
• Experience with AML policies and regulatory compliance preferred.

Responsibilities

• Serve as primary client contact and SME for offshore and domestic alt fund accounting.
• Manage delegation of funds and onboarding of new funds.
• Liaise between clients and internal teams for timely accounting packages.
• Oversee month-end valuation reporting and reconciliations.
• Coordinate year-end audits under GAAP.
• Ensure AML compliance and internal procedures.
• Collaborate with investment managers, transfer agents, and service teams to resolve issues.
• Respond to client inquiries on fund transactions, reporting and statements.
• Authorize wire payments from fund escrow accounts with controls.
• Conduct performance appraisals and coach team members.
• Assist in staffing, interviews and team development.
• Support new business development via prospect calls and client visits.
• Facilitate onboarding and conversion of new clients and communicate deliverables.

Skills

Fund accounting

Team leadership

GAAP knowledge

Client communication

Regulatory compliance

Month-end valuations

Financial reporting

Detail oriented

Interpersonal skills

Education

Bachelor's degree

Job description

Schedule

Hybrid (Potential for Remote)

Compensation

$100,000-$120,000 base + 5,000 bonus

Job Description

Our client, a leading global investment processing and investment management services company, is looking to hire a Fund Accounting Manager - Alternative Investments in Oaks, PA.

Responsibilities

• Serve as the primary client contact and subject matter expert for offshore and domestic alternative fund accounting and administration.
• Manage the delegation of funds to the team and coordinate the onboarding and setup of new funds.
• Act as a liaison between clients and internal teams to ensure accurate and timely accounting packages and deliverables.
• Oversee month-end valuation reporting, reconciliations and review/approval of valuations prior to distribution to clients.
• Coordinate and support year-end audit engagements in accordance with GAAP accounting standards.
• Ensure compliance with applicable laws, regulations, Anti-Money Laundering policies and internal procedures.
• Work closely with investment managers, transfer agents, sales and service teams, technology support and vendors to resolve accounting, transaction and system-related issues.
• Respond to day-to-day client inquiries regarding fund transactions, administration, reporting and financial statements while maintaining a high level of client service.
• Authorize wire payments from fund escrow accounts and ensure appropriate controls are followed.
• Conduct performance appraisals, hold regular one-on-ones and provide career development, training and coaching to team members.
• Assess staffing needs, participate in interviews and support hiring and team development initiatives.
• Support new business development through prospect calls, client visits and presentations.
• Facilitate the onboarding and conversion of new clients by gathering requirements, coordinating custom requests and communicating key deliverables to the team.

Requirements

• Bachelor's degree in Business, Accounting, Finance, Economics, Mathematics or equivalent professional experience.
• Minimum of 5 years of experience in the fund services industry.
• Alternative investment experience required, including hedge funds and/or private equity.
• Minimum of 2 years of supervisory or management experience.
• Strong knowledge of offshore and domestic fund accounting and administration.
• Experience with month-end valuations, reconciliations, financial reporting and GAAP audit processes.
• Strong written and verbal communication skills with the ability to interact effectively with clients and internal stakeholders.
• Strong organizational skills and attention to detail with the ability to manage multiple client deliverables and deadlines.
• Strong customer service, problem-solving and critical-thinking skills.
• Ability to work collaboratively in a team environment and adapt to changing client needs.
• Experience with Anti-Money Laundering policies, due diligence and regulatory compliance is preferred.

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.

Russell Tobin offers eligible employees 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, auto, home insurance, pet insurance, and employee discounts with preferred vendors

Russell Tobin is an equal opportunity employer. We do not discriminate based on 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.

Russell Tobin is 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.