Fund Accounting Manager (Private Debt)

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 Accounting Manager

Location: Chicago, IL, Indianapolis, IN or Boston, MA

 

Alter Domus is currently seeking a new Fund Manager to join our Credit Funds team!

 

JOB DESCRIPTION:

• Provide mentorship and leadership to team members, ensure team training and career development;
• Serve as lead contact for client and their investors, auditors, and other parties;
• Manage and oversight the production of of financial statements and supporting schedules, including, but not limited to, journal entries, trial balances, and capital activities;
• Review investor allocations, ad-hoc communications with investors, workpapers and unaudited financial statements, partners’ capital statements, and all reports for both limited and general partners;
• Perform review of IRR’s and returns and discussing results;
• Analyze management fees, incentive fee, and waterfall calculations;
• Ensure fund/account compliance with client agreement(s);
• Manage client expectations and communicate deliverables clearly and timely;
• Assist with open items list / auditor communications, 1099 form preparation, and onboarding process for both new clients and new funds;
• Review and assist in spearheading ongoing Credit Fund automation project;
• Communicate with senior team members on the status of reports and projects;
• Monitor and create fund/account efficiencies and ensure implementation of improvements;
• Work with senior team members on special requests from clients; 
• Assist with the development of policies and procedures.

 

YOUR PROFILE:

• 7+ years of professional experience;
• Bachelor’s degree in Accounting, Finance or similar;
• Expertise in Credit Fund Accounting and Bank Loan Markets operations;
• In depth understanding of private credit and structured product investments;
• Experience preparing journal entries and other fund accounting process (e.g. cash, investments, intercompany, credit facility, accruals, valuations, management fees, invoices, partner allocation, and carried interest);
• Deep knowledge of Fund Accounting technology platforms;
• Advanced Microsoft Excel skills, including advanced formulas and pivot tables;
• Understanding of multiple vehicle structures including parallel, co-investor, blocker, feeder and holding company structures;
• Ability to quickly learn and understand Alter Domus’ accounting systems and corresponding reporting;
• Skilled at proactively identifying issues and recommend long-term solutions;
• Capacity to multitask, working on multiple client and/or fund deadlines;
• Effective communicator with clients;
• Capable of working both independently and on a team;
• Excellent attention to detail and analytical skills; 
• Experience managing a team is a plus.

 

The budget for this particular role is between $87,500 and $140,000

WHAT WE OFFER

 

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