Assistant Manager - Reconciliation

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  

The Reconciliation Asst. Manager you will lead a team responsible for ongoing management of all cash reconciliations within the North American Client Service Platform (NA CSP). This role requires blend of strong managerial skills and technical knowledge and will be instrumental in building a high-performing team, designing robust processes, and implementing efficiency improvements across the reconciliation function. Will be the first level managerial role and will be responsible for the accurate deliverables and the people involved. The ideal candidate will have extensive experience in funds administration, a strong background in reconciliation processes, and a proven track record in managing large-scale transitions and process optimization initiatives.

Key responsibilities include:

• Supervise, mentor and develop a team of reconciliation specialists, fostering a positive and collaborative work environment.
• Utilise your strong technical knowledge to ensure accurate and timely reconciliation of portfolio.
• Collaborate with cross-functional teams to resolve reconciliation issues and provide insights into open items. Also, ensure seamless knowledge transfer and minimize disruption during the transition phase.
• Ensure adherence to regulatory requirements and internal policies. Prepare and review reconciliation packs and provide sign off.
• Maintain agreed KPI and SLA metrices for internal monitoring and enhance the performance of the end-to-end reconciliation process.
• Identify opportunities for process enhancements, implement best practices and drive automation to increase efficiency.
• Ensure a 24-hour reconciliation operating model to support global operations and improve service coverage.
• Build and lead a high-performance reconciliation team in India, focused on achieving month-end close targets.
• Foster a culture of accountability, continuous learning, and operational excellence within the team.
• Provide mentorship, coaching, and career development opportunities to team members, promoting professional growth and retention.
• Lead the identification, design, and implementation of process improvement initiatives.
• Use data-driven insights to enhance the reconciliation process, reducing errors, cycle times, and operational costs.

PROFILE

• Bachelor’s degree in Finance, Accounting, Business Administration, or a related field. Advanced degrees or certifications (e.g., CPA, CFA) are a plus.
• Minimum of 7 - 10 years of experience in funds administration, financial operations, or related areas, with a strong focus on reconciliation processes.
• Proven experience in managing large-scale transitions, preferably in a global context.
• Strong leadership and team management skills, with the ability to build and motivate high-performing teams.
• Excellent project management skills, with a track record of delivering complex projects on time and within budget.
• Strong analytical and problem-solving skills, with a focus on process optimization and efficiency.
• Experience in developing and implementing KPIs and SLAs in a financial operations environment.
• Excellent communication and stakeholder management skills, with the ability to influence and drive change across different levels of the organization.

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 Privacy notice can be reviewed via Alter Domus webpage: https://alterdomus.com/privacy-notice/)

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