VP – Retail Alternatives Fund Accounting

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

📋 Description

• Provide strategic direction and advice to the Fund Accounting Department that supports retail alternative products, including interval funds, tender offer funds, and BDCs.

• Supervise the initiation of new funds, fund mergers, fund conversions, and changes to advisors/sub-advisors.

• Occasionally carry out daily review processes when Senior Associates and Managers are unavailable.

• Oversee accounting functions related to retail alternatives fund accounting.

• Guide the training and development of essential concepts associated with retail alternative funds.

• Support ongoing improvement initiatives within the operational model.

• Offer leadership and consulting assistance to executives and management on people management, goal setting, policy formulation, and strategic implementation.

• Engage in the formulation and execution of the annual Strategic Plan and communicate it to the department.

• Attend daily, monthly, and quarterly meetings with executive management regarding departmental matters.

• Develop and implement initiatives that align with business objectives.

• Ensure the department has adequate resources for timely and comprehensive reporting to clients and NASDAQ.

• Collaborate with the SVP and Executive team on long-term goals, strategies, plans, policies, and system enhancements.

• Identify opportunities for efficiency improvements and suggest fund allocations and process adjustments.

• Evaluate compliance with regulatory requirements and recommend changes to accounting procedures.

• Coordinate departmental disaster recovery strategies.

• Assist independent SOC1 audits through research, documentation, responses, and coordination.

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

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

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

• Establish team and individual objectives, holding associates accountable for their performance.

• Relay company updates and changes to associates.

• Mentor associates through teaching, coaching, on-the-job training, and guidance.

• Handle client requests and organize calls for new fund setups.

• Communicate with fund administration, transfer agencies, and custodians concerning fund accounting activities.

• Perform additional duties as necessary and assigned.

⛳️ Requirements

• Bachelor’s degree or equivalent qualification.

• A minimum of 8 years of experience in a related field.

• At least 3-5 years of management and leadership experience.

• Equivalent education and experience will be taken into account.

• Familiarity with FIS InvestOne.

• Understanding of Spectra and OLE.

• Knowledge of accounting and finance principles.

• Awareness of complex securities, including derivatives, private equity, private credit, and syndicated loans.

• Knowledge of complex fund structures, including Special Purpose Vehicles (SPV) and Controlled Foreign Corporations (CFC).

• Familiarity with financial industry terminology.

• Proficient in Microsoft Office Suite and Adobe Acrobat.

• Strong strategic thinking, analytical, organizational, multitasking, and critical thinking skills.

• Capability to plan, delegate, motivate, develop systems and procedures, troubleshoot issues, communicate effectively, and manage priorities.

• Willingness to occasionally work beyond standard working hours as business demands arise.

• Ability to sit and stand frequently and occasionally lift and/or move up to 10 lbs.

• Specific vision abilities required.

🏝️ Benefits

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

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