Senior Fund Manager
Company: Alter Domus
Location: Chicago
Posted on: October 2, 2024
Job Description:
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.Location: Chicago, IL, Indianapolis, IN or Boston, MAAlter
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 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
processes (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.WHAT WE OFFERWe 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 PlanEquity in every sense of the wordWe 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.
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Keywords: Alter Domus, Gary , Senior Fund Manager, Executive , Chicago, Indiana
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