Director, Private Equity and Hedge Fund Accounting

JOB DESCRIPTION

The Investment Manager Services Division (IMS) at SEI is growing rapidly and is seeking new members on our Alternative Investment Funds Fund Accountant Team.

Our primary goal is to provide exceptional customer service and accounting and administration servicing for our clients’ assigned hedge and private equity funds.

As a Fund Accounting Director, you will be responsible for the day-to-day delivery of premium accounting services to the internal and external clients connected to the Director’s bundle of service relationships (i.

e., responsibility and authority over the day-to-day tactical accounting operations management related to those client relationships).

These responsibilities are to be carried out in a manner consistent with the vision, goals and policies of the unit. You will have operational ownership and leadership for a bundle of service relationships and will be expected to work with the unit’s Senior Operations Officers, other Fund Accounting and Administration Directors and other unit personnel, the SEI Solutions Team, other SEI market units, external clients, auditors and vendors to coordinate, facilitate and execute on the delivery of a cost-focused, efficient, standardized and predictable service to the respective marketplace.

You will also be responsible for directing the overall operations functions, including all aspects of transaction initiation and service requests via multiple channels, and training through the supervision of managers and supervisors to ensure the highest quality service to SEI’s clients.

You will oversee and be responsible for developing and implementing procedures for maintaining and / or enhancing client service and quality and for improving operational efficiency.

You will be responsible for formulating and / or implementing operations policies and procedures to facilitate processes according to corporate standards.

What you will do : Client Management

Client Management

You will understand, communicate and resolve unique client issues in tandem with SEI Relationship Teams

You will ensure the overall quality and delivery of Fund Accounting, Shareholder Reporting and Administration services in accordance with client-specific service model

You will serve as senior technical and operational resource for client

You will interact with the Board of Directors / Trustees connected to the Director’s bundle of service relationships

In certain circumstances, you will serve as the Chief Financial Officer of client funds

Technical Consulting

You will identify, interpret, apply and communicate accounting and industry rules and regulations

You will identify trends in the investment management business and adjust operational services accordingly

Departmental Leadership

You will create, communicate, monitor and reinforce departmental vision, goals and objectives

You will actively participate in regular senior management meetings and initiatives

You will promote integration of Fund Accounting Department with other SEI lines of business

You will participate in management skills training and development of staff

You will set and enforce departmental policies

You will develop and communicate goals and objectives for the team, and formulate specific action plans. Periodically review prioritization of team goals and objectives and monitor progress regularly.

You will conduct performance appraisals, monthly one-on-ones with the team analysts and supervisors and provide career pathing and training.

You will also ensure staffing requirements are met by participating in interviews and hiring processes. You will provide and foster a team environment to include individual development, promotions and disciplinary action.

You will participate in or lead departmental projects as applicable

We want you to succeed and help us continue to enhance our operational efficiency and effectiveness on an ongoing basis! Through attending and participating in various IMS and corporate professional development sessions, you will be provided with the tools to identify potential process improvements across the division and organization.

You will have the opportunity to partner with a diverse team and grow your career.

Fund Administration Oversight

You will review fund financial statements, fund documents, regulatory filings, etc.

You will review fund budgets and other pro-forma analyses

You will work closely with Tax and Legal Departments on unique issues

You will direct, lead and orchestrate the pace and process of change to improve operational efficiency and effectiveness

Operational Oversight

You will ensure premier client service that meets or exceeds client expectations

You will monitor all current service and quality indicators and establish related goals

You will provide daily oversight and review of significant fund level threshold deviations

You will manage staff resources to ensure proper client coverage and service

You will set departmental policies and procedures related to the operational control environment

You will monitor and oversee third party vendor performance as it relates to the daily operations

You will monitor and oversee the progress of the funds’ annual audits

Sales Support

You will write and coordinate fund accounting-related responses to RFP’s and RFI’s

What we need from you :

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

Minimum 10 years proven operations management experience leading multiple teams in a changing environment or 6-12 years in a public accounting firm with specific experience in the financial services field.

CPA preferred

Significant direct, relevant experience with accounting for mutual funds and other unitized pooled investment vehicles

Strong knowledge of security trading practices in a back office environment

Genuine familiarity with the Investment Company Act of 1940 and the Investment Advisers Act of 1940

Experience in reviewing fund financial statements and an understanding of U.S. Generally Accepted Accounting Principles (GAAP) for investment companies and related reporting requirements

Proven track record of successfully managing operational teams or departments

Demonstrated ability to initiate process changes to improve service to clients and improve operational efficiency

Proven ability to manage staff development and performance

Excellent communication and problem-solving skills, along with the analytical skills needed to identify problems and trends.

What we would like from you :

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.

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, a hybrid working environment for most roles, 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.