Senior Product Manager - Private Funds

Responsibilities

• Understand the competitive landscape across private funds, including PE, hedge funds, credit, and real assets
• Work with internal and external influencers to develop scalable, repeatable solutions for the private funds market
• Partner with Sales teams to identify and prioritize high-value market opportunities
• Regularly stay abreast of industry changes (e.g., LP/GP reporting standards, ILPA guidelines, regulatory shifts)
• Represent Clearwater as a subject matter expert
• Collaborate with Solutions and Product teams to understand client workflows, current pain points, and how Clearwater’s platform can enhance their operations
• Leverage private funds expertise to design products and features within the Clearwater system, including NAV reporting, capital account management, waterfall calculations, and fund-level analytics
• Create detailed business requirements and manage JIRA stories throughout the development lifecycle
• Partner with development teams on feature design and ensure engineers understand the business value behind each deliverable
• Define product capabilities necessary to capture high-priority private funds opportunities
• Work with product owners to turn capabilities into development-ready products that can be delivered to clients
• Communicate the private funds product roadmap to both internal and external stakeholders on a regular cadence
• Speak with internal stakeholders about use cases, client needs, and the future direction of the private funds offering
• Work with Sales, Operations, and Client Services to prioritize development projects and incorporate them into the Clearwater roadmap, balancing new market growth with profitability and client experience
• Aid in defining the private funds offering and work with Marketing to update collateral and positioning materials
• Put client success at the center of every product decision, ensuring new features solve real operational challenges faced by GPs, fund administrators, and LPs
• Measure the success of new feature releases through adoption metrics and client feedback loops
• Train internal users and clients on new private funds product functionality

Requirements

• 7+ years of experience in solutions or product leadership roles in financial services or financial technology, with a clear focus on private funds and alternative investments (PE, hedge funds, private credit, real assets)
• Proven track record of successfully building and delivering product solutions for complex fund structures, including capital call management, waterfall distributions, fee calculations, and accounting
• Deep knowledge of industry challenges such as regional regulations (e.g., ILPA, NAIC, BMA, Solvency), LP/GP dynamics, and fund administrator workflows
• Demonstrated success putting client success at the heart of product decisions, with examples of translating institutional investor and fund manager needs into product requirements
• Excellent verbal and written communication skills, with the ability to convey complex fund mechanics to both technical and non-technical audiences
• Strong ability to synthesize and communicate results of data analysis
• Strong organizational and interpersonal skills, with experience managing cross-functional stakeholder relationships across Sales, Engineering, Operations, and Client Services

Benefits

Health/vision/dental insurance, 401(k), PTO, parental leave, and medical leave, STD/LTD insurance benefits.