VP - Retail Alternatives Fund Accounting

About the Role

The VP, Retail Alternatives Fund Accounting provides strategic oversight and guidance to the Fund Accounting Department in support of retail alternative products such as interval funds, tender offer funds, and BDCs.

Responsibilities

• Oversees the launching of new funds, fund mergers, conversion of funds, and advisor/sub-advisor changes.
• Occasionally performs daily review processes when the Senior Associates and Managers are out of the office.
• Oversees a variety of accounting activities in support of retail alternatives fund accounting.
• Oversees training and development of key concepts related to retail alternative funds.
• Supports initiatives for continuous improvement in the operating model.
• Provides leadership and consulting support to company executives and management on matters of people management, goal setting, policy development, and strategic implementation.
• Participates in the development and execution of the annual Strategic Plan and communicates it to the department.
• Conceptualizes and implements initiatives to support business objectives.
• Ensures department resources are adequate for complete and timely reporting to clients and NASDAQ in accordance with existing quality and quantity standards, policies, and procedures.
• Ensures the training team has the tools and resources necessary to increase the overall knowledge of the department.
• Works with the SVP and Executive team to establish long-range goals, strategies, plans, and policies, and reviews suggested implementation for system upgrades.
• Identifies ways to make the team more efficient; recommends fund allocations, process changes, etc.
• Reviews compliance with various regulatory restrictions and recommends changes to accounting procedures.
• Assists in the coordination of the disaster recovery efforts for the department.
• Provides guidance and support to independent SOC1 audits by performing research, pulling documentation, answering questions, and coordinating the team’s input.
• Reviews operational controls for adequacy, compliance, and integrity of data; updates documents and communicates procedural changes to the department.

Personnel Management

• Manages associates within the department including hiring, training, developing, delegating work assignments, writing and conducting performance appraisals, salary recommendations, coaching, counseling, and administering corrective actions.
• Conducts one-on-one and team meetings with associates on a regular basis to discuss new procedures, problems, and issues.
• Establishes team and individual goals for the department.
• Fosters performance of associates and the processes used by them; holds associates accountable for their work.

Working Relationships

• Communicates changes and company information to associates via small and large group meetings.
• Mentors associates through instruction, coaching, providing real-time on-the-job experiences, modeling effective practices, and advising on methods used.
• Manages client requests and ensures the needs of clients are met, including coordinating calls for new fund setups.
• Communicates as needed with fund administration, transfer agency, and funds’ custodian regarding fund accounting-related activities.
• May perform other duties as required and assigned.