Manager, Private Equity and Hedge Fund Accounting (REMOTE)

SEI; Pennsylvania; On-site; USD 105,000 - 130,000; Full time

Benefits offered by this job

Comprehensive health care coverage

401(k) plan with company match

Education assistance and tuition reimbursement

Paid parental leave

Paid volunteer days

Flexible Spending Account

Job summary

SEI is looking for a Fund Accounting Manager to join their growing Investment Manager Services Division. This role involves managing client relationships, overseeing fund accounting operations, and ensuring compliance with regulations. Candidates should have a BA/BSc in a relevant field, with at least 5 years of experience in fund services and 2 years in management. The position offers a remote work location and a competitive salary between $105,000 and $130,000 annually, along with comprehensive benefits.

Qualifications

• Minimum of 5 years’ experience in the fund services industry, with alternatives experience required.
• Minimum of 2 years’ supervisory or management experience.

Responsibilities

• Act as the main contact for clients, managing fund accounting operations.
• Coordinate and support year-end audit engagements in accordance with GAAP.
• Generate and reconcile all accounting reporting, ensuring accuracy.

Skills

Client relationship management

Fund accounting expertise

Team leadership

Microsoft Excel

Education

BA/BSc in Business, Accounting, Finance, Economics, or Mathematics

Job description

The Investment Manager Services Division (IMS) at SEI is growing rapidly and is seeking new members on our Private Equity & Hedge Fund Accounting Teams. Our primary goal is to provide exceptional customer service, accounting and administration services to our hedge and private equity fund customers. As a Fund Accounting Manager, you will be responsible for the accounting operations and resolution of accounting issues for clients.

What You Will Do

• Act as the main contact for clients, demonstrating expertise in offshore and domestic fund accounting and administration for alternative funds.
• Manage the delegation of funds to your team, coordinate/onboard new fund set ups, serve as a liaison between clients and internal teams, and work closely with all parties to provide accurate and thorough accounting packages.
• Coordinate and support various year‑end audit engagements in accordance with GAAP accounting standards.
• Perform due diligence to ensure clients are in compliance with government laws and regulations.
• Adhere to Anti‑Money Laundering policies and procedures when reviewing all fund transactions.
• Ensure your team complies with department rules and regulations designed to prevent illicit income generation.
• Generate and reconcile all accounting reporting, such as month‑end valuation reports.
• Review and approve month‑end valuations prior to distribution to clients with a goal of 100% accuracy, and authorize wire payments from fund escrow accounts.
• Respond to day‑to‑day inquiries from investment managers, including questions on transactions, administration servicing, planning, and fund reporting.
• Collaborate with investment managers, transfer agents, and sales and service teams to resolve open issues and queries, and coordinate with technology and vendor support when necessary.
• Conduct performance appraisals, host monthly one‑on‑ones with supervisors, and provide career-pathing and training.
• Assess staffing needs, interview candidates, and hire employees to meet workforce requirements.
• Promote a team environment that includes individual development, promotions, and disciplinary action.
• Support the new business development and relationship teams for prospect calls, client visits, and presentations.
• Facilitate onboarding of new and converted clients by gathering requirements, submitting custom requests, and communicating key deliverables.
• Participate in professional development sessions to identify and implement process improvements across the division.
• Partner with a diverse team and grow your career.

What We Need From You

• BA/BSc in Business, Accounting, Finance, Economics, Mathematics or equivalent professional experience.
• Minimum of 5 years’ experience in the fund services industry, with alternatives experience required.
• Minimum of 2 years’ supervisory or management experience.
• Intermediate skills in Microsoft Excel.

What We Would Like From You

• Self‑motivation, organization, and drive to complete multiple client deliverables in a timely manner while maintaining excellence and quality.
• Strong written and verbal communication skills, primarily through email and phone calls.
• Strong customer‑service orientation in daily client and stakeholder interactions.
• A drive to broaden knowledge of the financial services industry by learning new concepts and systems.
• Attention to detail to consistently meet the highest standards of quality and accuracy.
• Collaboration with internal and external stakeholders.
• Flexibility to adapt to evolving client needs.
• Positivity and collegial approach when assisting colleagues and clients.
• Curiosity and critical thinking to identify solutions and improve processes.
• Embodiment of SEI values of courage, integrity, collaboration, inclusion, connection, and fun.

The base salary for this role is $105,000 – $130,000 per year. The position is eligible for a discretionary bonus each year, subject to company approval.

Work location: Remote.

Benefits and Compensation

• Comprehensive health care coverage including medical, dental, vision, prescription, wellness, Employee Assistance Program, and Flexible Spending Account.
• Life and disability insurance with premiums paid for base coverage.
• 401(k) plan with company match.
• Education assistance and tuition reimbursement.
• Commuter benefits.
• Up to 11 paid holidays per year and 21 days of paid time off (PTO) for new hires, increasing over time.
• Paid parental leave and backup childcare arrangements.
• Paid volunteer days.
• Discounted stock purchase plan and investment options.
• Access to employee networks.

SEI is an equal‑opportunity employer. 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.