Director, Private Equity Funds (Fund Accounting)

About the position 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. 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.

Responsibilities

• Understand, communicate and resolve unique client issues in tandem with SEI Relationship Teams.
• Ensure the overall quality and delivery of Fund Accounting, Shareholder Reporting and Administration services in accordance with client-specific service model.
• Serve as senior technical and operational resource for client.
• Interact with the Board of Directors/Trustees connected to the Director's bundle of service relationships.
• Serve as the Chief Financial Officer of client funds in certain circumstances.
• Identify, interpret, apply and communicate accounting and industry rules and regulations.
• Identify trends in the investment management business and adjust operational services accordingly.
• Create, communicate, monitor and reinforce departmental vision, goals and objectives.
• Actively participate in regular senior management meetings and initiatives.
• Promote integration of Fund Accounting Department with other SEI lines of business.
• Participate in management skills training and development of staff.
• Set and enforce departmental policies.
• Develop and communicate goals and objectives for the team, and formulate specific action plans.
• Conduct performance appraisals, monthly one-on-ones with the team analysts and supervisors.
• Participate in or lead departmental projects as applicable.
• Review fund financial statements, fund documents, regulatory filings, etc.
• Review fund budgets and other pro-forma analyses.
• Work closely with Tax and Legal Departments on unique issues.
• Ensure premier client service that meets or exceeds client expectations.
• Monitor all current service and quality indicators and establish related goals.
• Provide daily oversight and review of significant fund level threshold deviations.
• Manage staff resources to ensure proper client coverage and service.
• Set departmental policies and procedures related to the operational control environment.
• Monitor and oversee third party vendor performance as it relates to the daily operations.
• Monitor and oversee the progress of the funds' annual audits.
• Write and coordinate fund accounting-related responses to RFP's and RFI's.

Requirements

• 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 a minimum of 6 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.

Nice-to-haves

• A drive to broaden one's knowledge of the financial services industry by learning new concepts and systems.
• Attention to detail to ensure that all deliverables consistently meet the highest standard of quality and accuracy.
• Collaboration with internal and external stakeholders.
• Positivity and collegial approach in assisting both colleagues and clients.
• Curiosity, critical thinking and attention to detail.

Benefits

• 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.
• Discounted stock purchase plan.
• Investment options.
• Access to thriving employee networks.

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