Management Associate, Alternative Investments Fund Accountant

Glenmede - Philadelphia, PA

Full-time - Entry Level

Hybrid - Philadelphia, PA

Securities, Commodity Contracts, and Other Financial Investments and Related Activities

About the position

The primary function of the Management Associate, Alternative Investments Fund Accountant is to be a key contributor on a team performing fund accounting and administration responsibilities for Glenmede client private equity and hedge fund investments. The role also supports the day-to-day administration and annual audit of the Glenmede Private Investment Funds along with fielding various inquiries from client service and portfolio management teams.

Responsibilities

• Coordination and review of monthly/quarterly valuations for Glenmede's private equity & hedge fund-of-funds vehicles.
• Daily processing of capital calls and distributions for client-held private investments.
• Manage cash forecasting for private equity funds to meet liquidity needs and provide recommendations on capital calls and distributions.
• Reconcile private investment positions across internal systems.
• Assist with deliverables related to tax filings for alternative investment products.
• Partner with external administrator on preparation of quarterly work-papers and issuance of year-end financials in connection with annual US GAAP audit.
• Support various internal reporting and data requests from investment teams.
• Address queries from Relationship Managers on behalf of clients invested in private equity & hedge funds.
• Contribute to projects focused on improving productivity and implementing technology solutions for alternative assets.
• Active engagement in department-specific and firm-wide initiatives to expand capabilities, create solutions to address unmet business needs, improve client experience, or develop more efficient processes.

Requirements

• Bachelor's degree in accounting or finance
• 2+ years of internship, co-op, and/or working experience in financial services or related role

Nice-to-haves

• Fund Accounting experience supporting private equity and hedge fund vehicles
• Strong interpersonal skills, including clear verbal and written communication
• Experience using investment systems that support partnership accounting

Benefits

• Competitive health and welfare benefits, including company HSA contributions
• Numerous voluntary benefit choices available
• Superior 401k match
• Tuition reimbursement
• Company subsidized commuter benefits
• Generous paid time off, including parental leave