Manager, Private Equity and Hedge Fund Accounting (REMOTE)

021 SEI Investments Company; United States; Remote; USD 105,000 - 130,000; Full time

Benefits offered by this job

Healthcare benefits

401(k) match

Education assistance

Paid time off

Job summary

SEI Investments Company is seeking a Fund Accounting Manager for the Investment Manager Services Division (IMS). You will lead accounting operations for hedge and private equity funds, ensuring accurate month-end valuations and compliance with GAAP.

The role requires managing a team, onboarding new funds, and coordinating with clients and internal teams to deliver precise reporting. You will review complex fund transactions, adhere to AML guidelines, and drive process improvements while

Qualifications

• 5+ years’ experience in the fund services industry, alternatives experience required.
• Minimum of 2 years’ supervisory or management experience.
• Intermediate skills in Microsoft Excel.

Responsibilities

• Act as main contact for clients and oversee offshore and domestic fund accounting for alternative funds.
• Delegate tasks, onboard new fund setups, and reconcile month-end valuations with 100% accuracy.
• Review and approve month-end valuations and authorize wire payments from fund escrow accounts.
• Coordinate with investment managers, transfer agents, and internal teams to resolve issues and ensure timely reporting.

Skills

Client communication

Team leadership

Problem solving

Attention to detail

Time management

Education

BA/BS in Business, Accounting, Finance, Economics, Mathematics

Tools

Microsoft Excel

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:

As the main contact for clients, we will need you to demonstrate your expertise in the area of offshore and domestic fund accounting and administration for alternative funds. You will manage the delegation of funds to your team, coordinate/onboard new fund set ups, serve as a liaison between clients and internals teams, and work closely with all parties to provide accurate and thorough accounting packages. As the record keepers for the fund, you and your team will be involved in the coordination and support of various year-end audit engagements in accordance with GAAP accounting standards. We will need you to perform due-diligence to ensure clients are in compliance with government laws and regulations. You will be required to adhere to our Anti-Money Laundering policies and procedures when reviewing all fund transactions. As a Fund Accounting Manager, you are responsible for ensuring your team is in compliance with our department’s rules and regulations designed to stop the practice of generating income through illegal actions. You and your team will generate and reconcile all accounting reporting, such as month-end valuation reports. You will review and approve month-end valuations prior to distribution to client with a goal of 100% accuracy. In addition, you will authorize wire payments from fund’s escrow accounts. You will correspond with investment managers and regarding day-to-day inquiries, including questions on transactions associated with the fund(s), administration servicing planning and reporting of funds and financial statements. Client engagement and a dedication to quality service is a must for success. You will connect with investment managers, transfer agents, and sales and service teams to resolve open issues and questions, getting in touch with internal technology support and vendor support when necessary to resolve any production issues or system support queries. You will conduct performance appraisals, monthly one-on-ones with your supervisors and analysts and provide career pathing and training. You will also ensure staffing requirements are met by assessing resource requirements, interviewing candidates and hiring employees. You will provide and champion a team environment to include individual development, promotions and disciplinary action. You will support the new business development and relationship teams for prospect calls, client visits and presentations. You will facilitate the on-boarding of new and converted clients by gathering client requirements, submitting any custom requests and communicating key deliverables to your team members. We want you to succeed and look for future solutions! Through attending and participating in various IMS and corporate professional development sessions, you will acquire the tools to identify processes across the division and organization. You will have the opportunity to partner with a diverse team and grow your career.

What we need from you:

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

What we would like from you:

The self-motivation, organization and drive to complete multiple client deliverables in a timely manner without sacrificing excellence or quality. Strong written and verbal communication skills as you will primarily support your clients through email and/or phone calls. Strong customer service skills as you will be communicating daily with your clients and other service providers. A drive to broaden one’s knowledge of the financial services industry by learning new concepts and systems and taking the initiative to apply it to daily work assignments. Attention-to-detail to ensure that all deliverables consistently meet the highest standard of quality and accuracy. Collaboration with internal and external stakeholders. As the needs of our clients change, we need to be flexible to change with them. Positivity and collegial approach in assisting both colleagues and clients and the ability to work in team environment. Curiosity, critical thinking and attention to detail: Whether it’s to identify a solution to a problem or possibly help implement a more efficient process or procedure, your skills have a place in our business. Someone who will embody our SEI Values of courage, integrity, collaboration, inclusion, connection and fun.

Please see our website for more information. https://www.seic.com/

Base salary pay and benefits:

The base salary pay for this role is $105,000 - $130,000 per year. This position will also be eligible to earn a discretionary bonus each year, subject to company approval. Work location: Remote

SEI’s competitive advantage: To help you stay energized, engaged and inspired, we offer a wide range of benefits including comprehensive care for your physical and mental well-being, a strong retirement plan, tuition reimbursement, a hybrid working environment for most roles, support for working parents and flexible Paid Time Off (PTO) so you can relax, recharge and be there for the people you care about.

• Benefits include healthcare (medical, dental, vision, prescription, wellness, EAP, FSA)
• life and disability insurance (premiums paid for base coverage)
• 401(k) match
• education assistance
• commuter benefits
• up to 11 paid holidays/year
• 21 days PTO/year pro-rated for new hires which increases over time
• paid parental leave
• back-up childcare arrangements
• paid volunteer days
• a discounted stock purchase plan
• investment options
• access to thriving employee networks
• and more

We are a technology and asset management company delivering on our promise of building brave futures (SM)—for our clients, our communities, and ourselves. Come build your brave future at SEI.

SEI is an Equal Opportunity Employer and so much more… After over 50 years in business, SEI remains a leading global provider of investment processing, investment management, and investment operations solutions. Reflecting our experience within financial services and financial technology our offices encompass an open floor plan and numerous art installations designed to encourage innovation and creativity in our workforce. We recognize that our people are our most valuable asset and that a healthy, happy, and motivated workforce is key to our continued growth. At SEI, we’re (literally) invested in your success. We offer our employees paid parental leave, back-up childcare arrangements, paid volunteer days, education assistance and access to thriving employee networks. SEI is an equal opportunity employer and 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.

AI Acceptable Use in the application and interview process: SEI acknowledges the growing integration of artificial intelligence (AI) tools into individuals’ personal and professional lives. If you intend to incorporate the use of any AI tools at any stage of the application and/or interview process, please ensure you have reviewed and adhere to our AI use guidelines. We are global provider of technology, operations, and asset management services for the financial services industry. We tailor our solutions to help clients make effective use of their capital—whether that’s money, time, or talent—so they can grow and better serve their clients. At SEI, we’re committed to fostering an inclusive workplace where everyone has the same opportunities to grow, develop, and succeed.