Fund Accounting Manager - Real Estate Funds

ACCA Careers; Chicago (IL); On-site; USD 80,000 - 130,000; Full time

Job summary

Join a dynamic Real Estate Fund Accounting team as a Fund Manager in Chicago! This role offers the chance to manage client deliverables, oversee a dedicated team, and drive efficiency improvements. You will engage directly with clients, ensuring compliance and delivering high-quality financial reports. The company values diverse perspectives and provides a supportive environment for professional growth. With a competitive salary range and a commitment to your development, this is an exciting opportunity to advance your career in a thriving organization that champions equity and inclusivity.

Benefits

Support for professional accreditations

Flexible arrangements

Generous holidays

Birthday leave

Continuous mentoring

Employee Assistance Program

Employee Share Plan

Qualifications

• 7+ years of accounting experience, preferably in financial services.
• Experience managing and overseeing a team is required.

Responsibilities

• Manage client deliverables related to the NAV process and financial statements.
• Train and oversee Associate Fund Accountant and Fund Accountant teams.

Skills

Accounting

Financial Analysis

Team Management

Client Communication

Organizational Skills

Proactive Learning

Education

Bachelor’s degree in accounting, finance, or business-related field

Job description

ABOUT US

We are Alter Domus. Meaning “The Other House” in Latin, Alter Domus is proud to be home to 85% of the top 30 asset managers in the alternatives industry, and more than 5,000 professionals across 23 countries.

With a deep understanding of what it takes to succeed in alternatives, we believe in being different. Invest yourself in the alternative, and join an organization where you progress on merit, where you can speak openly with whoever you are speaking to, and where you will be supported along whichever path you choose to take.

Find out more about life at Alter Domus at careers.alterdomus.com

Fund Manager

Alter Domus is currently seeking a new Fund Manager to join our Real Estate Fund Accounting team in Chicago, IL!

JOB DESCRIPTION:

• Manage the client deliverables related to the NAV process, including financial statements, investor statements, capital call notices, distribution notices, and other ad-hoc reporting as required
• Training, reviewing, and oversight of Associate Fund Accountant and Fund Accountant and Senior Fund Accountants dedicated to your assigned group of funds
• Help advise on performance review ratings/team performance
• Identify and execute on efficiency and process-improvement opportunities and communicate improvements to business unit leaders and other internal teams
• Adhere to compliance requirements and identify and communicate risks
• Review and calculate complex management fees, incentive fees, capital calls, and allocations
• Interact directly with clients on weekly/monthly calls and ad-hoc as required
• Owner of the timeline and calendar management for managing the client relationship including ownership of the client Operating Memorandum
• Work with members of the Financial Control, Client Service, Implementation, and Technology teams to streamline production and enhance policies and procedures
• Provide on the job training (“OJT”) to your team of accounting and financial-reporting professionals
• Ensure strong internal and external communications on status, issues, and expectations
• Lead accounting discussions with clients during the onboarding process and document client accounting treatment in Operating Memorandum
• Broaden market knowledge and perform technical research when necessary
• Oversee and manage the interactions with the fund-client auditors
• Review all FS tables including CF, FIHI, Fair Value, etc., and limited exposure to footnotes

YOUR PROFILE:

• Bachelor’s degree in accounting, finance, or other business-related field with substantive and relevant work experience
• 7+ years of accounting experience, preferably in the financial services industry, but not required
• Proactive interest in learning, inquiring on, and mastering new investment concepts, accounting rules, and service processes required
• Experience managing and directly overseeing a team required
• Proactive, client-oriented approach with strong verbal and written communication skills and ability to collaborate with internal and external parties to meet deadlines and resolve issues
• Outstanding organization, prioritization, and attention to detail
• Ability to remain poised in a deadline-driven environment
• Direct fund administration experience, exposure to private equity, credit, and real estate funds and concepts a plus
• CPA or CPA eligibility a plus.

The budgeted salary range for this role is $80,000 - $130,000+ based on location & level of experience

WHAT WE OFFER

We are committed to supporting your development, advancing your career, and providing benefits that matter to you.

Our industry-leading Alter Domus Academy offers six learning zones for every stage of your career, with resources tailored to your ambitions and resources from LinkedIn Learning.

Our global benefits also include:

• Support for professional accreditations such as ACCA and study leave
• Flexible arrangements, generous holidays, birthday leave
• Continuous mentoring along your career progression
• Active sports, events, and social committees across our offices
• Support with mental, physical, emotional, and financial support 24/7 from our Employee Assistance Program
• The opportunity to invest in our growth and success through our Employee Share Plan
• Plus additional local benefits depending on your location

Equity in every sense of the word

We are in the business of equity, in every sense of the word. For us, this means taking action to ensure every colleague has equal opportunity, valuing every voice and experience across our organisation, maintaining an inclusive culture where you can bring your whole self to work, and making Alter Domus a workplace where everyone feels they belong.

We celebrate our differences, and understand that our success relies on diverse perspectives and experiences, working towards shared goals and a common purpose. Thanks to the work of our Group DE&I Committee and network of DE&I Champions, we empower all of our people to be truly invested in the alternative.

We are committed to ensuring an inclusive recruiting and onboarding process. Please contact our hiring team if you require any accommodations to make our recruitment process more accessible for you. Alter Domus is an Equal Opportunity Employer: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, or protected veteran status.

(Alter Domus Privacy notice can be reviewed via Alter Domus webpage: https://alterdomus.com/privacy-notice/)

For further information, and to apply, please visit our website via the “Apply” button below.