Senior Fund Accounting Manager - Private Credit

Alter Domus; United States; Hybrid; USD 110,000 - 130,000; Full time

Benefits offered by this job

Professional development

Accreditation support

Employee share plan

Job summary

Alter Domus seeks a Fund Accounting Manager to lead our Private Credit team across Chicago, Boston, or Carmel, IN. You will mentor staff, serve as the primary contact for clients and auditors, and oversee the production of financial statements, journal entries, and capital activity.

You will review investor allocations, prepare disclosures, and ensure compliance with client agreements, while driving improvements and onboarding for new funds.

Qualifications

• Bachelor’s degree in Accounting, Finance or similar.
• Expertise in Credit Fund Accounting and Bank Loan Markets operations.
• Experience preparing journal entries and fund accounting processes.

Responsibilities

• Mentor and lead team members; drive training and career development.
• Lead contact for clients, investors, auditors and other parties.
• Oversee production of financial statements, journal entries, trial balances and capital activity.
• Review investor allocations, communications, and reports for both limited and general partners.
• Review IRRs, fees, waterfall calculations; ensure fund/account compliance with client agreements.
• Manage client expectations and timely deliverables; assist with onboarding and audits.

Skills

Excel

Fund Accounting

Credit Fund Accounting

Client communication

Education

Bachelor’s degree in Accounting or Finance

Tools

Fund Accounting platforms

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, 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 Title: Fund Accounting Manager Location: Chicago, Boston, or Carmel, IN Alter Domus is currently seeking a Fund Manager to join our Private Credit team! JOB DESCRIPTION:

• Provide mentorship and leadership to team members, ensure team training and career development
• Serve as lead contact for client and their investors, auditors, and other parties
• Manage and oversight the production of financial statements and supporting schedules, including, but not limited to, journal entries, trial balances, and capital activities
• Review investor allocations, ad-hoc communications with investors, workpapers and unaudited financial statements, partners’ capital statements, and all reports for both limited and general partners
• Perform review of IRR’s and returns and discussing results
• Analyze management fees, incentive fee, and waterfall calculations
• Ensure fund/account compliance with client agreement(s)
• Manage client expectations and communicate deliverables clearly and timely
• Assist with open items list / auditor communications, 1099 form preparation, and onboarding process for both new clients and new funds
• Review and assist in spearheading ongoing Credit Fund automation project
• Communicate with senior team members on the status of reports and projects
• Monitor and create fund/account efficiencies and ensure implementation of improvements
• Work with senior team members on special requests from clients
• Assist with the development of policies and procedures YOUR PROFILE:
• 7+ years of professional experience
• Bachelor’s degree in Accounting, Finance or similar
• Expertise in Credit Fund Accounting and Bank Loan Markets operations
• In depth understanding of private credit and structured product investments
• Experience preparing journal entries and other fund accounting process (e.g. cash, investments, intercompany, credit facility, accruals, valuations, management fees, invoices, partner allocation, and carried interest)
• Deep knowledge of Fund Accounting technology platforms
• Advanced Microsoft Excel skills, including advanced formulas and pivot tables
• Understanding of multiple vehicle structures including parallel, co-investor, blocker, feeder and holding company structures
• Ability to quickly learn and understand Alter Domus’ accounting systems and corresponding reporting
• Skilled at proactively identifying issues and recommend long-term solutions
• Capacity to multitask, working on multiple client and/or fund deadlines
• Effective communicator with clients
• Capable of working both independently and on a team
• Excellent attention to detail and analytical skills
• Experience managing a team is a plus Salary range depending on location and

experience

$110,00-$130,000 #LI-HYBRID #LI-ES1

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
• 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/) #LI-HYBRID