Specialist I, Alternative Investment Funds

About the Role

SEI’s Investment Manager Services Division (IMS) is seeking a Fund Accounting Specialist I to join our Alternative Investment Funds team. In this role, you will act as an intermediary between funds and their investment managers, serving as the official record keeper for hedge and private equity funds. You will also train accounting analysts on the team, ensuring high standards of accuracy and client service.

Responsibilities

• Price and maintain timely records for hedge and private equity holdings using external pricing resources.
• Perform reconciliations of Net Asset Values and provide accounting reports.
• Communicate fund transactions and collaborate with internal and external clients to deliver accurate accounting packages.
• Coordinate and support year-end audit engagements in accordance with GAAP accounting standards.
• Perform due diligence to ensure client compliance with government laws and regulations.
• Train accounting analysts on systems, processes, procedures, and job responsibilities.
• Foster a team environment that encourages self-motivation, organization, and timely completion of client deliverables without sacrificing quality.
• Review fund accountant analysts' work with attention to detail to ensure error-free reconciliations and reporting.
• Correspond with external investment managers on day-to-day fund inquiries, including reconciliations, deliverables, and escalation concerns.
• Assist the manager with performance appraisals, monthly one-on-ones, career pathing, and training for team analysts.
• Participate in analyst interviews to ensure staffing requirements are met.
• Collaborate with the manager to support team development, promotions, and disciplinary actions.
• Attend and participate in professional development sessions to identify process improvements across the division.

Requirements

• BA/BS in Business, Accounting, Finance, Economics, Mathematics, or equivalent professional experience.
• Minimum of 2 years of experience in the fund services industry; alternatives experience preferred.
• Intermediate skills in Microsoft Excel.
• Self-motivation, organization, and the ability to manage multiple client deliverables without sacrificing quality.
• Strong written and verbal communication skills for client support via email and phone.
• Strong customer service skills for daily interactions with clients and service providers.

Preferred Qualifications

• Drive to broaden knowledge of the financial services industry by learning new concepts and systems.
• Attention to detail to ensure deliverables meet high standards of quality and accuracy.
• Collaboration with internal and external stakeholders to adapt to changing client needs.
• Positivity, collegiality, and ability to work effectively in a team environment.
• Curiosity, critical thinking, and problem-solving skills to improve processes and procedures.
• Alignment with SEI’s values: courage, integrity, collaboration, inclusion, connection, and fun.

Benefits

• Comprehensive healthcare (medical, dental, vision, prescription, wellness, EAP, FSA).
• Life and disability insurance (premiums paid for base coverage).
• 401(k) match and education assistance.
• Commuter benefits and up to 11 paid holidays per year.
• 21 days of Paid Time Off (PTO) per year, increasing over time, plus flexible PTO for relaxation and personal care.
• Paid parental leave and back-up childcare arrangements.
• Paid volunteer days and access to employee networks.
• Discounted stock purchase plan and investment options.
• Hybrid working environment for most roles.
• Tuition reimbursement.