Manager, Private Equity and Hedge Fund Accounting

Manager, Private Equity and Hedge Fund Accounting

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, you will demonstrate expertise in offshore and domestic fund accounting and administration for alternative funds.
• Manage the delegation of funds to your team, coordinate/onboard new fund setups, serve as a liaison between clients and internal teams, and work closely with all parties to provide accurate and thorough accounting packages.
• Coordinate and support year-end audit engagements in accordance with GAAP accounting standards.
• Perform due-diligence to ensure clients are in compliance with government laws and regulations, and adhere to Anti-Money Laundering policies and procedures.
• Generate and reconcile all accounting reporting, such as month-end valuation reports, and review and approve month-end valuations prior to distribution to client.
• Authorize wire payments from fund’s escrow accounts and correspond with investment managers regarding day-to-day inquiries.
• Connect with investment managers, transfer agents, and sales and service teams to resolve open issues, and engage internal technology support and vendor support for production or system issues.
• 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 actions.
• Support new business development and relationship teams for prospect calls, client visits, and presentations.
• Facilitate the onboarding of new and converted clients by gathering requirements, submitting custom requests, and communicating key deliverables to team members.
• Identify processes across the division and organization through professional development sessions.

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:

• Self-motivation, organization, and drive to complete multiple client deliverables timely without sacrificing excellence or quality.
• Strong written and verbal communication skills for client communication.
• Strong customer service skills for daily interaction with clients and service providers.
• A drive to broaden knowledge of the financial services industry and apply new concepts.
• Attention to detail to ensure all deliverables meet the highest standards of quality and accuracy.
• Collaboration with internal and external stakeholders, and flexibility to adapt to changing client needs.
• Positivity, collegiality, and ability to work in a team environment.
• Curiosity, critical thinking, and attention to detail for problem-solving and process improvement.
• Embodiment of SEI Values: courage, integrity, collaboration, inclusion, connection, and fun.

Compensation 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.

SEI’s competitive advantage includes comprehensive care for physical and mental well-being, a strong retirement plan, tuition reimbursement, support for working parents, and flexible Paid Time Off (PTO). Benefits include healthcare (medical, dental, vision, prescription, wellness, EAP, FSA), life and disability insurance, 401(k) match, education assistance, commuter benefits, up to 11 paid holidays/year, 21 days PTO/year, paid parental leave, back-up childcare arrangements, paid volunteer days, a discounted stock purchase plan, investment options, and access to employee networks.

About SEI:

SEI is a technology and asset management company delivering on its promise of building brave futures (SM)—for clients, communities, and employees. With over 50 years in business, SEI is a leading global provider of investment processing, investment management, and investment operations solutions. Our offices feature an open floor plan and art installations to encourage innovation and creativity. We recognize that our people are our most valuable asset, and a healthy, happy, and motivated workforce is key to our continued growth.

Equal Opportunity Employer:

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:

SEI acknowledges the growing integration of AI tools. If you intend to use AI tools in the application or interview process, please review and adhere to our AI use guidelines.

Key skills/competency:

• Fund Accounting
• Private Equity
• Hedge Funds
• GAAP
• Microsoft Excel
• Client Service
• Financial Reporting
• Audit Engagements
• Due Diligence
• Team Management