Accounting Product Manager- Alternatives

Key Responsibilities

• Define and execute the product roadmap for alternative investment accounting products, aligning with company goals, client needs, and the broader investment accounting platform.
• Translate the nuances of alternative assets (e.g., capital calls and distributions, unfunded commitments, NAV and economic NAV, waterfalls, fee structures, secondary transactions) into clear product requirements and prioritized backlog.
• Conduct market research and competitive analysis focused on alternatives to identify trends, client use cases, and emerging regulatory or reporting demands.
• Collaborate with stakeholders to gather requirements, articulate product vision, and prioritize features for development.

Alternatives Domain Leadership

• Serve as an internal subject-matter expert on alternatives accounting, including fund structures, capital account activity, performance metrics, and multi-basis/multi-GAAP reporting.
• Partner with accounting, valuation, and data teams to ensure accurate treatment of alternative assets across GAAP/IFRS/statutory and client-specific policies.
• Champion end-to-end workflows for alternatives (e.g., ingestion of capital account statements and notices, commitment tracking, NAV and book value alignment, fee and carry calculations, look-through and exposure reporting).

Cross-functional Collaboration

• Work closely with product, engineering, data, operations, and client services teams to ensure successful delivery of features and enhancements for alternative assets.
• Collaborate with implementation and operations teams to design scalable onboarding and workflows for alternatives, including integrations with third-party administrators, GPs, and document/data providers.
• Act as the primary liaison between product development and external stakeholders—including key clients, partners, and, where appropriate, regulators—on matters related to alternative investment accounting.

Client & Market Engagement

• Engage regularly with clients and prospects to understand their alternatives accounting, reporting, and operational needs and to validate product direction.
• Translate client feedback, production issues, and implementation learnings into actionable product improvements and prioritized backlog items.
• Deliver product demonstrations, presentations, and training sessions to internal teams and clients to drive adoption and effective usage of alternatives capabilities.

Testing & Quality Assurance

• Define and oversee the testing strategy for new features and enhancements, with particular attention to complex alternatives use cases (e.g., capital account rollforwards, NAV/book value alignment, custom waterfalls, multiple bases).
• Collaborate with development teams to define acceptance criteria, test cases, and regression plans; facilitate user acceptance testing (UAT) with stakeholders and key clients.
• Ensure that delivered functionality meets high standards for accuracy, performance, and reliability across large, complex alternatives portfolios.

Performance Monitoring & Reporting

• Analyze product usage, client outcomes, and operational metrics to assess the success of alternatives capabilities and identify areas for improvement or expansion.
• Use data and client insights to iterate on the roadmap, deprecate low-value features, and invest in high-impact alternatives workflows.
• Prepare reports and presentations for senior management that summarize product status, key wins, risks, and market insights specific to the alternatives business.

Regulatory Compliance & Risk

• Stay informed about accounting, regulatory, and industry developments impacting alternative investments (e.g., fund reporting standards, insurance and asset owner regulations, valuation and disclosure guidance).
• Ensure that product design and implementation enable clients to meet relevant accounting, reporting, and control requirements.
• Partner with compliance, legal, and risk stakeholders as needed to assess the impact of new features and to support audit and control needs.