SEI Investments Company is hiring a Manager for Private Equity and Hedge Fund Accounting. In this remote role, you will be responsible for accounting operations and resolving accounting issues for a portfolio of hedge and private equity fund clients. You will act as the main client contact, manage team delegation, coordinate new fund setups, and ensure accurate accounting and compliance.
What You'll Do
- Serve as the primary 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 and onboard new fund setups, and serve as a liaison between clients and internal teams.
- 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 and enforce Anti-Money Laundering policies and procedures when reviewing all fund transactions.
- Ensure team compliance with department rules and regulations designed to stop illegal income generation.
- Generate and reconcile all accounting reporting, such as month-end valuation reports.
- Review and approve month-end valuations prior to distribution to the client with a goal of 100% accuracy.
- Authorize wire payments from fund escrow accounts.
- Correspond with investment managers regarding day-to-day inquiries, transactions, administration servicing, and financial statements.
- Connect with investment managers, transfer agents, and sales and service teams to resolve open issues and questions.
- Contact internal technology support and vendor support to resolve production issues or system support queries.
- Conduct performance appraisals, monthly one-on-ones with supervisors and analysts, and provide career pathing and training.
- Ensure staffing requirements are met by assessing resource needs, interviewing candidates, and hiring employees.
- Provide and champion a team environment, including individual development, promotions, and disciplinary action.
- Support 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 deliverables to the team.
- Attend and participate in various IMS and corporate professional development sessions to identify process improvements.
What We're Looking For
- BA/BS in Business, Accounting, Finance, Economics, Mathematics, or equivalent professional experience.
- Minimum of 5 years of experience in the fund services industry.
- Alternatives experience is required.
- Minimum of 2 years of supervisory or management experience.
- Intermediate skills in Microsoft Excel.
Nice to Have
- Self-motivation, organization, and drive to complete multiple client deliverables on time without sacrificing excellence or quality.
- Strong written and verbal communication skills.
- Strong customer service skills.
- Drive to broaden knowledge of the financial services industry by learning new concepts and systems and taking initiative.
- Attention-to-detail to ensure all deliverables meet the highest standard of quality and accuracy.
- Collaboration with internal and external stakeholders.
- Flexibility to change with client needs.
- Positivity and a collegial approach assisting colleagues and clients, with the ability to work in a team environment.
- Curiosity, critical thinking, and attention to detail to identify solutions or implement efficient processes.
- Embody SEI Values of courage, integrity, collaboration, inclusion, connection, and fun.
Technical Stack
- Microsoft Excel
Team & Environment
This is a manager role within the Private Equity & Hedge Fund Accounting Teams, which are part of the Investment Manager Services Division (IMS).
Benefits & Compensation
- Compensation range: $105,000 - $160,000 per year.
- Comprehensive healthcare (medical, dental, vision, prescription, wellness, EAP, FSA).
- Life and disability insurance premiums paid for base coverage.
- 401(k) match.
- Tuition reimbursement and education assistance.
- Hybrid working environment for most roles.
- Support for working parents.
- Flexible Paid Time Off (PTO) policy.
- Up to 11 paid holidays per year.
- 21 days of PTO per year pro-rated for new hires, increasing over time.
- Paid parental leave.
- Back-up childcare arrangements.
- Paid volunteer days.
- Discounted stock purchase plan.
- Investment options.
- Access to thriving employee networks.
Work Mode
This position is fully remote.
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.
