Fund Accounting Manager

Job Description

ABOUT US:

As a world leading provider of integrated solutions for the alternative investment industry, Alter Domus (meaning “The Other House” in Latin) is proud to be home to 90% of the top 30 asset managers in the private markets, and more than 6,000 professionals across 24 jurisdictions.

With a deep understanding of what it takes to succeed in alternatives, we believe in being different in what we do, how we work, and most importantly in how we enable and develop our people. Invest yourself in the alternative, and join an organization where you progress on merit, where you can speak openly with whoever you are speaking to, and where you will be supported along whichever path you choose to take.

Find out more about life at Alter Domus at careers.alterdomus.com

Title: Fund Accounting Manager

Location: Chicago, Boston, or Carmel, IN

Alter Domus is currently seeking a Fund Manager to join our Private Credit team!

JOB DESCRIPTION:

• Provide mentorship and leadership to team members, ensure team training and career development
• Serve as lead contact for client and their investors, auditors, and other parties
• Manage and oversight the production of of financial statements and supporting schedules, including, but not limited to, journal entries, trial balances, and capital activities
• Review investor allocations, ad-hoc communications with investors, workpapers and unaudited financial statements, partners’ capital statements, and all reports for both limited and general partners
• Perform review of IRR’s and returns and discussing results
• Analyze management fees, incentive fee, and waterfall calculations
• Ensure fund/account compliance with client agreement(s)
• Manage client expectations and communicate deliverables clearly and timely
• Assist with open items list / auditor communications, 1099 form preparation, and onboarding process for both new clients and new funds
• Review and assist in spearheading ongoing Credit Fund automation project
• Communicate with senior team members on the status of reports and projects
• Monitor and create fund/account efficiencies and ensure implementation of improvements
• Work with senior team members on special requests from clients
• Assist with the development of policies and procedures

YOUR PROFILE:

• 7+ years of professional experience
• Bachelor’s degree in Accounting, Finance or similar
• Expertise in Credit Fund Accounting and Bank Loan Markets operations
• In depth understanding of private credit and structured product investments
• Experience preparing journal entries and other fund accounting process (e.g. cash, investments, intercompany, credit facility, accruals, valuations, management fees, invoices, partner allocation, and carried interest)
• Deep knowledge of Fund Accounting technology platforms
• Advanced Microsoft Excel skills, including advanced formulas and pivot tables
• Understanding of multiple vehicle structures including parallel, co-investor, blocker, feeder and holding company structures
• Ability to quickly learn and understand Alter Domus’ accounting systems and corresponding reporting
• Skilled at proactively identifying issues and recommend long-term solutions
• Capacity to multitask, working on multiple client and/or fund deadlines
• Effective communicator with clients
• Capable of working both independently and on a team
• Excellent attention to detail and analytical skills
• Experience managing a team is a plus

Salary range depending on location and experience: $110,00-$130,000

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WHAT WE OFFER:

We are committed to supporting your development, advancing your career, and providing benefits that matter to you.

Our industry-leading Alter Domus Academy offers six learning zones for every stage of your career, with resources tailored to your ambitions and resources from LinkedIn Learning.

Our global benefits also include:

• Support for professional accreditations
• Flexible arrangements, generous holidays, plus an additional day off for your birthday!
• Continuous mentoring along your career progression
• Active sports, events and social committees across our offices
• 24/7 support available from our Employee Assistance Program
• The opportunity to invest in our growth and success through our Employee Share Plan
• Plus additional local benefits depending on your location

Equity in every sense of the word:

We are in the business of equity, in every sense of the word. For us, this means taking action to ensure every colleague has equal opportunity, valuing every voice and experience across our organisation, maintaining an inclusive culture where you can bring your whole self to work, and making Alter Domus a workplace where everyone feels they belong.

We celebrate our differences, and recognise that our success relies on diverse perspectives and experiences, as we work towards shared goals and a common purpose. We take pride in creating a workplace where all our people are empowered to be truly invested in the alternative and bring their whole selves to work.

We are committed to ensuring a welcoming recruiting and onboarding process for everyone. Please contact our hiring team if you require any accommodations to make our recruitment process more accessible for you. Alter Domus is an Equal Opportunity Employer: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, or protected veteran status.

(Alter Domus Privacy notice can be reviewed via Alter Domus webpage:

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