Fund Manager - Real Estate

Alter Domus; Chicago (IL); On-site; USD 80,000 - 130,000; Full time

Benefits offered by this job

ACCA support

Flexible holidays + birthday

Career mentoring

Employee Share Plan

Employee Assistance Program

Job summary

Alter Domus in Chicago seeks a Fund Accounting Manager to lead the NAV process for real estate funds, delivering accurate financial and investor statements. You will train and supervise Analysts and Associates, drive process improvements, and ensure timely reporting to clients and auditors.

The role requires 6+ years in accounting, a relevant degree, and proven team leadership. CPA eligibility is a plus, with a salary range of $80,000–$130,000+.

Qualifications

• Bachelor’s degree in accounting, finance, or related field with substantive work experience.
• 6+ years of accounting experience; financial services experience preferred.
• CPA or CPA eligibility a plus is beneficial for the role.
• Experience managing and overseeing a team is required.

Responsibilities

• Manage client deliverables related to the NAV process including financial statements and investor statements.
• Train, review, and oversee staff within funds group.
• Identify efficiency and process-improvement opportunities and communicate gains to leaders.
• Adhere to compliance requirements and communicate risks.
• Review complex management and incentive fees, capital calls, and allocations.
• Interact with clients on weekly/monthly calls and ad-hoc as needed.
• Coordinate with Client Service to manage deadlines and expectations.
• Collaborate with Financial Control, Client Service, Implementation, and Technology teams to streamline production.

Skills

Team management

Client communication

NAV process

Financial reporting

Process improvement

Education

Bachelor’s degree in accounting/finance

CPA eligibility

Tools

Excel

Job description

About Us

As a world leading provider of integrated solutions for the alternative investment industry, Alter Domus (meaning “The Other House” in Latin) is proud to be home to 90% of the top 30 asset managers in the private markets, and more than 6,000 professionals across 24 jurisdictions.

With a deep understanding of what it takes to succeed in alternatives, we believe in being different - in what we do, in how we work and most importantly in how we enable and develop our people. 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

Alter Domus is currently seeking a new Fund Accounting Manager to join our Fund Administration Real Estate team.

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 Analyst/Associate/Senior Associates staff dedicated to your assigned group of funds
• 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
• Coordinate with Client Service team to manage deadlines and client expectations
• Work with members of the Financial Control, Client Service, Implementation, and Technology teams to streamline production and enhance policies and procedures
• Recruit, train, manage and develop a team of accounting and financial-reporting professionals
• Ensure strong internal and external communications on status, issues, and expectations
• 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
• 6+ 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 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, plus an additional day off for your birthday!
• Continuous mentoring along your career progression
• Active sports, events and social committees across our offices
• 24/7 support available 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

Alter Domus is an Equal Opportunity Employer: Equity Statement

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/)