1-3 years of experience
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Employment Type:
Full time
Job Category:
Fund Accountant, Private Equity
(This job is no longer available)
SEI | Oaks, PA
Grad Date

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Job Description

SEI (NASDAQ:SEIC) is a leading global provider of investment processing, investment management, and investment operations solutions that help corporations, financial institutions, financial advisors, and ultra-high-net-worth families create and manage wealth.

The Private Equity Accountant in the alternative investment department is responsible for the successful and accurate completion of the accounting, administrative and investor servicing requirements for various alternative products and structures for assigned funds. This individual must also strictly adhere to established departmental policies and procedures required to service alternative funds.

The responsibilities for this position may include some or all of the following:

Maintain daily accounting records on a fund and partner basis

Prepare cash, currency and position reconciliations to all counter party accounts for each assigned fund on a daily basis

Resolve cash, currency and position reconciling items on a timely basis

Process funds' investment activity including fund of funds and direct investments

Prepare wire instructions for money movement for various payments to vendors, investments and partners

Perform monthly/quarterly reporting and valuation for assigned funds within established timeframes

Perform daily/weekly cash reporting analysis to determine cash needs and obligations

Process partners' capital activity for commitments, contributions, distributions, multiple closings, and transfers; including preparation of distribution and capital call letters

Calculate closing interest, management fee and carried interest by partner

Calculate performance measures on partner, partnership basis, and partnership-portfolio basis for reporting purposes

Review quarterly/annual financials and assist in the funds' audit process, as necessary

Ability to interpret the legal documentation for private equity funds as it applies to maintaining partner capital accounts; including the allocation of income, multiple closings, management fee and carried interest calculations, etc.

Serve as client operational contact and maintain good relationship with client

Strictly adhere to established departmental accounting processing procedures and controls

Resolve problems and errors on a timely basis (with documentation)

Position Requirements

Position Requirements:

BA / BS in Finance, Accounting, Mathematics or Economics or 1 year equivalent experience preferred

Internship or one year professional experience preferred

Willingness to learn new systems, concepts and broaden knowledge of the fund service industry

Detail oriented

Strong organizational and time-management skills

Excellent analytical and problem-solving skills

Team Player


Strong aptitude for numbers

Excellent interpersonal, communication and client service skills

Ability to work under pressure

Knowledge of Excel and additional system knowledge a plus (Investran, Geneva, Investier)

Physical Demands and Work Environment

While performing the duties of this job, the work environment may require an individual to move around the office and from building to building which may expose the individual to weather conditions outside. The individual has to be able to sit or be stationary at a computer and use computers for extended periods of time and occasionally lift and/or move up to 20 pounds. The noise level in the environment is moderate and the individual must be able to communicate and exchange information with people in person and over the telephone and email.

SEI is an equal opportunity / affirmative action employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, age, disability status, protected veteran status, or any other characteristic protected by law.

We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment because of race, color, sex, age, national origin, religion, sexual orientation, gender identity, status as a veteran, and basis of disability or any other federal, state or local protected class.

About SEI

A leader in retail technology support, SEI has helped QSRs focus on serving their customers since 1984 and provides award-winning service to 20,000+ retail outlets. SEI maintains its headquarters in Oak Brook, IL, with a network of offices in Fargo and Grand Forks, ND, Merrillville, IN, London, England, and Debrecen, Hungary.