Fund Accountant – Alternative Investment Funds

Job Description

Fund Accountant, Alternative Investment Funds | SEI

The Tone:
This is a full-time role at SEI, a leading global provider of investment processing, investment management, and investment operations solutions, reflecting over 50 years of experience within financial services and financial technology. The Investment Manager Services Division (IMS) is rapidly expanding its Alternative Investment Funds accounting team. This position is vital for delivering exceptional accounting and administration services to clients’ assigned hedge and private equity funds, serving as an intermediary between funds and investment managers, and acting as the official record keeper for these crucial financial entities.

The TL;DR
• Role: Early Career
• Type: Full-time
• Location: In-person
• Pay: $68950–$83000 yearly
• Team: Investment Manager Services Division (IMS), Alternative Investment Funds accounting team
• Mission: Act as the official record keeper for assigned hedge and private equity funds, providing exceptional accounting and administration servicing to clients.
• Tech Stack: Microsoft Excel

What You’ll Actually Do
• Fund Accounting & Reporting: Utilize accounting skills to price and maintain timely records for hedge and private equity holdings using external pricing resources, perform timely Net Asset Value (NAV) reconciliations, and produce essential accounting reports.
• Client Communication: Communicate fund transactions and collaborate closely with internal and external clients to provide accurate and thorough accounting packages.
• Audit & Compliance: Coordinate and support various year-end audit engagements in accordance with GAAP accounting standards and perform due diligence to ensure clients comply with government laws and regulations.
• Inquiry Management: Correspond with external investment managers to address day-to-day fund inquiries, including fee payments, cash position breaks, and reconciliations.
• Professional Development: Participate in IMS and corporate professional development sessions to acquire tools for identifying process improvements across the division and organization, aiming for future solutions and career growth.

The Must-Haves
• Background: A Bachelor of Arts (BA) or Bachelor of Science (BS) degree in Accounting, Finance, Economics, Mathematics, or equivalent work experience.
• Experience: Internship experience is preferred, alongside intermediate proficiency in Microsoft Excel.
• Skills: Demonstrated self-motivation and drive to effectively monitor multiple client deliverables without compromising excellence or quality, strong written and verbal communication skills for client support primarily through email and phone calls, and robust customer service abilities for daily interactions with both internal and external clients.
• Bonus: A proactive drive to broaden knowledge of the financial services industry, including learning new concepts and systems; collaborative engagement with internal and external stakeholders, demonstrating flexibility with changing client needs; a positive and collegial approach in assisting colleagues and clients within a team environment; and strong curiosity, critical thinking, and attention to detail to identify solutions or implement efficient processes, embodying SEI’s values of courage, integrity, collaboration, inclusion, connection, and fun.