Chicago, United States
Hybrid
Job ID:
15189
Date posted:
November 13 2024
Category:
Funds Services
Job Level:
Manager
Fund Administration Services
This is fund accounting and administration at its finest. Where we pair end-to-end expertise with a full spectrum of integrated solutions to exceed our clients’ needs. Here, we advance what’s possible. And give you every opportunity to advance yourself in this fast-moving data-led area.
Successful Profile
What makes a successful member of our team? Check out these top traits we're looking for and see if you have the right mix.
- Analytical
- Communicator
- Detail-oriented
- Motivational
- Problem-solver
- Team player
Culture
Our culture is unlike anywhere else. We are proud of what we have built so far – even as we continue to push our boundaries, to ensure our success in the future. Our environment is powered by a unique set of values and one deliberate mission. To perform, together. By harnessing technology and the collective intelligence of our people, we make the investment management process run smoother: transparent, data led decision making on a global scale. We are The Alternative.
Career path
Trainee
Officer
Senior Officer
Manager
Senior Manager
Director
Employee benefits
The Academy
Work/Life Balance
Flexible Working Hours
Competitive packages with extra benefits depending on location
Extra days depending on location and birthday leave
Team Work
Fund Accounting Manager (Real Estate Funds)
ABOUT US
We are Alter Domus. Meaning “The Other House” in Latin, Alter Domus is proud to be home to 85% of the top 30 asset managers in the alternatives industry, and more than 5,000 professionals across 23 countries.
With a deep understanding of what it takes to succeed in alternatives, we believe in being different. Invest yourself in the alternative, and join an organization where you progress on merit, where you can speak openly with whoever you are speaking to, and where you will be supported along whichever path you choose to take.
Find out more about life at Alter Domus at careers.alterdomus.com
Fund Manager
Location: Chicago, IL
Alter Domus is currently seeking a new Fund Manager to join our Real Estate Fund Accounting team!
JOB DESCRIPTION:
Manage the client deliverables related to the NAV process, including financial statements, investor statements, capital call notices, distribution notices, and other ad-hoc reporting as required;
Training, reviewing and oversight of Associate Fund Accountant and Fund Accountant and Senior Fund Accountants dedicated to your assigned group of funds;
Help advise on performance review ratings/team performance
Identify and execute on efficiency and process-improvement opportunities and communicate improvements to business unit leaders and other internal teams;
Adhere to compliance requirements and identify and communicate risks;
Review and calculate complex management fees, incentive fees, capital calls, and allocations;
Interact directly with clients on weekly/monthly calls and ad-hoc as required;
Owner of the timeline and calendar management for managing the client relationship including ownership of the client Operating Memorandum;
Work with members of the Financial Control, Client Service, Implementation, and Technology teams to streamline production and enhance policies and procedures;
Provide on the job training (“OJT”) your the team of accounting and financial-reporting professionals;
Ensure strong internal and external communications on status, issues, and expectations;
Lead accounting discussions with client during onboarding process and document client accounting treatment in Operating Memorandum.
Broaden market knowledge and performs technical research when necessary
Oversee and manage the interactions with the fund-client auditors; and
Review all FS tables including CF, FIHI, Fair Value, etc. and limited exposure to footnotes.
YOUR PROFILE:
Bachelor’s degree in accounting, finance, or other business-related field with substantive and relevant work experience;
7+ years of accounting experience, preferably in the financial services industry, but not required;
Proactive interest in learning, inquiring on, and mastering new investment concepts, accounting rules, and service processes required;
Experience managing and directly overseeing a team required;
Proactive, client-oriented approach with strong verbal and written;
Communication skills and ability to collaborate with internal and external parties to meet deadlines and resolve issues;
Outstanding organization, prioritization, and attention to detail;
Ability to remain poised in a deadline-driven environment;
Direct fund administration experience, exposure to private equity, credit, and real estate funds and concepts a plus; and
CPA or CPA eligibility a plus.
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WHAT WE OFFER
We are committed to supporting your development, advancing your career, and providing benefits that matter to you.
Our industry-leading Alter Domus Academy offers six learning zones for every stage of your career, with resources tailored to your ambitions and resources from LinkedIn Learning.
Our global benefits also include:
- Support for professional accreditations such as ACCA and study leave
- Flexible arrangements, generous holidays, birthday leave
- Continuous mentoring along your career progression
- Active sports, events and social committees across our offices
- Support with mental, physical, emotional and financial support 24/7 from our Employee Assistance Program
- The opportunity to invest in our growth and success through our Employee Share Plan
- Plus additional local benefits depending on your location
Equity in every sense of the word
We are in the business of equity, in every sense of the word. For us, this means taking action to ensure every colleague has equal opportunity, valuing every voice and experience across our organisation, maintaining an inclusive culture where you can bring your whole self to work, and making Alter Domus a workplace where everyone feels they belong.
We celebrate our differences, and understand that our success relies on diverse perspectives and experiences, working towards shared goals and a common purpose. Thanks to the work of our Group DE&I Committee and network of DE&I Champions, we empower all of our people to be truly invested in the alternative.
We are committed to ensuring an inclusive recruiting and onboarding process. Please contact our hiring team if you require any accommodations to make our recruitment process more accessible for you. Alter Domus is an Equal Opportunity Employer: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, or protected veteran status.
(Alter Domus Privacy notice can be reviewed via Alter Domus webpage: https://alterdomus.com/privacy-notice/)
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Hear from the team
"Alter Domus were fully supportive through my studying path, providing study support in the way of study fees and study leave, as well as some flexible working towards nearer each exam to help me manage with work/life (and exam!) balance.
Carla Walmsley, Senior Manager - Fund Services, Jersey