Manager of Private Equity and Hedge Fund Accounting, SEI
$105-160k
This position will also be eligible to earn a discretionary bonus each year, subject to company approval, plus discounted stock purchase plan
Technology and investment solutions
Open for applications
Technology and investment solutions
1001+ employees
Open for applications
$105-160k
This position will also be eligible to earn a discretionary bonus each year, subject to company approval, plus discounted stock purchase plan
1001+ employees
Company mission
To build brave futures through the power of connection, working with clients and communities to solve the problems that matter.
Role
Who you are
- 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
Desirable
- The self-motivation, organization and drive to complete multiple client deliverables in a timely manner without sacrificing excellence or quality
- Strong written and verbal communication skills as you will primarily support your clients through email and/or phone calls
- Strong customer service skills as you will be communicating daily with your clients and other service providers
- A drive to broaden one’s knowledge of the financial services 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 deliverables consistently meet the highest standard of quality and accuracy
- Collaboration with internal and external stakeholders
- As the needs of our clients change, we need to be flexible to change with them
- Positivity and collegial 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/
What the job involves
- 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
- As the main contact for clients, we will need you to demonstrate your expertise in the area of offshore and domestic fund accounting and administration for alternative funds
- You will manage the delegation of funds to your team, 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
- You will be required to adhere to our Anti-Money Laundering policies and procedures when reviewing all fund transactions
- As a Fund Accounting Manager, you are responsible for ensuring your team is in compliance with our department’s rules and regulations designed to stop the practice of generating income through illegal actions
- You and your team will 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 investment managers and regarding day-to-day inquiries, including questions on transactions associated with the fund(s), administration servicing planning and reporting of funds and financial statements. 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 necessary 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 gathering client requirements, submitting any custom requests and communicating key deliverables 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 diverse team and grow your career
Our take
SEI provides technology and investment solutions for the financial services industry by offering services like investment processing and operations management. The company oversees around $1.5T in assets, helping clients make smart financial decisions.
It also offers customized investment portfolios through managed accounts, allowing investors to tailor their strategies. Its technology helps clients optimize taxes and provides detailed reports on tax savings, making the service valuable for financial advisors and investors.
Recently the company added new features to its platform, enabling wealth managers to see a complete view of their clients' finances, as well as assets held elsewhere. These updates have driven growth in SEI's managed accounting, placing the company well for continued success.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
Few candidates hear
back within 2 weeks
Company
Company benefits
- Reach your goals with retirement and stock purchase plans: Plan for the future with our capital accumulation plan 401(k), employee stock purchase plan, and employee investment program
- Resources to help you further your professional development: Our Education Assistance Program helps our employees in learning and furthering their professional development
- Generous time off, help for families, and work-life assistance: Employees need balance to be their best, so we provide plenty of time away from the office. We also help families with an onsite Family Center (Oaks location) and life management assistance programs
- Competitive medical plans and rewarding wellness programs: We provide comprehensive and affordable health plan coverage, FSA, and disability and life insurance. Our employee program includes onsite fitness classes, financial and wellness workshops, and incentives for health behaviors
Company values
- Courage: We think and act like owners, embracing risk to drive growth for our clients and company
- Integrity: We do what we say and act with transparency (because it's the right thing to do)
- Collaboration: We work with each other, our clients, partners, and communities to solve problems that matter
- Inclusion: We nurture an environment of respect and belonging where people are empowered to be themselves
- Connection: We build lasting relationships through which we learn, grow, and succeed
- Fun: We have fun
Company HQ
Upper Providence Township, Oaks, PA
Articles
Leadership
Ryan Hicke
(CEO)Ryan has worked at SEI since 1998, initially joining the company as an Account Executive. Since then, they have worked in several roles, including Managing Director of UK IFAs and Global Wealth Services, and Senior/Executive Vice President, before becoming the CEO in 2022.
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