Fund Accounting Manager - Private Equity / Hedge Funds

SEI delivers technology and investment solutions that connect the financial services industry. With capabilities across investment processing, operations, and handling assets; we work with corporations, financial institutions and professionals, and ultra-high-net-worth families to tackle problems, lead change, and help protect assets. Technology and operations: The heartbeat of our business.

We address the whole of business transformation. From the front to back office, our technology solutions create connections that empower our clients to take control and reshape their businesses. We offer end-to-end platforms for wealth and investment management, delivered as flexible outsourced infrastructure solutions that include processing, fund administration, information analytics, and cybersecurity services.

The Investment Manager Services Division (IMS) at SEI is growing rapidly and is seeking Managers on our Private Equity Fund Accounting Teams. Our primary goal is to provide exceptional customer service, accounting and administration services to our private equity fund customers. As a 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, you will demonstrate your expertise in the area of offshore and domestic fund accounting and administration for alternative funds.

• You will lead the delegation of funds, 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.

• Implement our Anti-Money Laundering policies and procedures when reviewing all fund transactions.

• You are responsible for ensuring your team is following our department’s rules and regulations designed to stop the practice of generating income through illegal actions.

• 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 customers regarding day-to-day inquiries, including questions on transactions associated with the fund(s), administration servicing planning and reporting of funds and financial documents. 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 vital 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 collecting client requirements, submitting any custom requests and communicating key results 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 team with varied strengths and grow your career.

What we need from you:

• BA / BS in Business, Accounting, Finance, Economics, Mathematics or equivalent professional experience.

• Minimum 5 years’ experience with Private Equity Fund Accounting / Fund Administration.

• Minimum of 2 years’ supervisor or manager level experience.

• Intermediate skills in Microsoft Excel.

• This role requires a hybrid on-site presence at client site

What we would like from you:

• The self-motivation, organization and aim to complete multiple client results in a timely manner without sacrificing excellence or quality.

• Strong written and verbal communication skills.

• Strong customer service skills.

• An aim to broaden one’s knowledge of the 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 results consistently meet the highest standard of quality and accuracy.

• Collaboration with internal and external partners.

• As the needs of our clients change, we need to be flexible to change with them.

• Positivity and congenial 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/

The base salary pay for this role is $105,000 - $160,000 per year. This position will also be eligible to earn a discretionary bonus each year, subject to company approval.

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, 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.  

The position title reflected in this job description is aligned with SEI's current internal job architecture. As part of SEI's role and career framework, internal job titles may not directly correspond to external market titles and may differ from titles previously assigned during an employee's tenure or at the time of hire.

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.