Senior Accounting Manager

Alter Domus - Chicago, IL

Full-time - Mid Level

Chicago, IL

1,001-5,000 employees

Administrative and Support Services

About the position

Alter Domus is currently seeking a Senior Accounting Manager to join our Private Equity Fund Administration team in Chicago. In this role, you will be responsible for reviewing daily cash contributions and distributions for investment fund clients, ensuring accuracy and compliance with governing agreements. You will also be involved in inquiring about cash and journal entries, participating in quarterly and annual audit functions, and assisting with the open items list and auditor communications. Regular communication with clients is essential, as you will be responding to inquiries in a timely manner and with a sense of urgency. A solid understanding of the governing agreements between Alter Domus and the client is crucial for success in this position. As a Senior Accounting Manager, you will leverage your accounting expertise to support the financial operations of our investment fund clients. You will work closely with a team of professionals, contributing to the overall success of the organization by ensuring that all financial reporting and compliance requirements are met. Your role will also involve mentoring junior staff and providing guidance on best practices in fund accounting. This position offers a unique opportunity to grow your career in a dynamic and supportive environment, where your contributions are valued and recognized. At Alter Domus, we believe in investing in our employees' development and providing a workplace that fosters growth and inclusivity. We are committed to supporting your career progression through continuous mentoring and access to our industry-leading Alter Domus Academy, which offers tailored resources for every stage of your career. Join us in our mission to provide exceptional service to our clients while advancing your professional journey in the alternatives industry.

Responsibilities

• Review daily cash contributions and distributions for investment fund clients.
• Inquire about cash and journal entries.
• Participate in quarterly and annual audit functions.
• Assist with open items list and auditor communications.
• Regular communication with clients, responding to inquiries in a timely manner.
• Understand the governing agreements between Alter Domus and the client.

Requirements

• Accounting degree with high-quality grades.
• 2 to 5 years' experience, with at least 2 years at a Big 4 or public accounting firm performing audits on private equity or hedge funds.
• Strong verbal and written communication skills.
• Solid understanding of different types of investments: equity, debt, co-invest, and FoF.
• Keen attention to detail and critical thinking skills.
• Ability to multitask, working both independently and as part of a team with professionals at all levels.
• Proficiency in Microsoft Excel.
• CPA, or intention to obtain CPA, preferred.

Nice-to-haves

• Experience with financial modeling and analysis.
• Familiarity with fund administration software and tools.
• Knowledge of regulatory requirements in the private equity sector.

Benefits

• Support for professional accreditations such as ACCA and study leave.
• Flexible arrangements, generous holidays, and birthday leave.
• Continuous mentoring along your career progression.
• Active sports, events, and social committees across our offices.
• Support with mental, physical, emotional, and financial needs 24/7 from our Employee Assistance Program.
• Opportunity to invest in our growth and success through our Employee Share Plan.