Managing Director – Head of Fund Accounting

This is a fully remote position, open to applicants in United States.

📋 Description

• Provide strategic oversight and direction to the Fund Accounting Department.

• Lead fund accounting operations while ensuring high-quality work and client satisfaction.

• Offer leadership, vision, technical guidance, coaching, training, and support to both executive management and the department.

• Oversee Senior Vice Presidents (SVPs) and potentially Vice Presidents (VPs) as direct reports.

• Propel technical and developmental training initiatives.

• Collaborate with business development on sales presentations and identify new service opportunities.

• Foster continuous improvement in the operating model, including exploring technology opportunities such as Artificial Intelligence.

• Engage with industry associations and events to remain informed about regulations, market conditions, and the competitive landscape.

• Advise executives and management on personnel management, goal setting, policy development, and strategic execution.

• Develop and implement the annual Strategic Plan and effectively communicate it to the department.

• Participate in daily, monthly, and quarterly executive management meetings.

• Conceptualize and execute initiatives that support business objectives.

• Ensure sufficient department resources for timely and comprehensive reporting to clients and NASDAQ.

• Establish long-term goals, strategies, plans, and policies in collaboration with the Executive team.

• Review and support the implementation of system upgrades.

• Recommend fund allocations and process modifications to enhance team efficiency.

• Ensure the training team is equipped with tools and resources to elevate departmental knowledge.

• Review compliance with regulatory restrictions and suggest changes to accounting procedures.

• Coordinate departmental disaster recovery efforts.

• Support independent SOC1 audits through research, documentation, responding to inquiries, and team coordination.

• Assess operational controls for adequacy, compliance, and data integrity.

• Update documents and communicate procedural changes effectively.

• Oversee hiring, training, development, delegation, performance evaluations, salary recommendations, coaching, counseling, and corrective actions.

• Conduct regular one-on-one and team meetings.

• Set team and individual departmental goals.

• Promote performance and accountability among managers and associates.

• Relay changes and company updates through group meetings.

• Mentor through instruction, coaching, on-the-job experiences, modeling effective practices, and providing advice.

• Supervise client requests to ensure their needs are met.

• Communicate with fund administration, transfer agency, and fund custodians regarding fund accounting activities.

• Perform other duties as assigned or requested.

⛳️ Requirements

• Bachelor’s degree or equivalent qualification.

• Over 15 years of experience in a related field.

• More than 10 years in strategic senior leadership roles.

• Equivalent education, experience, and Knowledge, Skills, and Abilities (KSAs) will be considered.

• In-depth technical expertise in fund accounting.

• Strong understanding of accounting and finance principles.

• Familiarity with complex asset types such as derivatives, bank loans, and private assets.

• Knowledge of financial industry terminology.

• Proficiency in Microsoft Office Suite.

• Proficiency in Adobe Acrobat.

• Willingness to work beyond standard work hours as business needs arise.

• Ability to sit and stand regularly.

• Capability to occasionally lift and/or move up to 10 lbs.

• Specific vision abilities are required.

• Occasional travel of approximately 10% or less may be necessary.

🏝️ Benefits

• Occasional travel (approximately 10% or less) may be required.

• Reasonable accommodations may be made to enable associates to perform essential functions.