Fund Accounting Manager

About Us

As a world leading provider of integrated solutions for the alternative investment industry, Alter Domus (meaning “The Other House” in Latin) is proud to be home to 90% of the top 30 asset managers in the private markets, and more than 6,000 professionals across 24 jurisdictions. With a deep understanding of what it takes to succeed in alternatives, we believe in being different in what we do, how we work, and most importantly in how we enable and develop our people.

Fund Accounting Manager

Chicago, Boston, or Carmel, IN

Alter Domus is currently seeking a Fund Manager to join our Private Credit team. The role involves leading a team, serving as the primary contact for clients and stakeholders, and ensuring timely, accurate financial reporting and compliance.

• Provide mentorship and leadership to team members, ensuring team training and career development
• Serve as lead contact for client and their investors, auditors, and other parties
• Manage and oversee the production of financial statements and supporting schedules, including journal entries, trial balances, and capital activities
• Review investor allocations, ad‑hoc communications with investors, work papers and unaudited financial statements, partners’ capital statements, and all reports for both limited and general partners
• Perform review of IRR’s and returns and discuss results
• Analyze management fees, incentive fee, and waterfall calculations
• Ensure fund/account compliance with client agreements
• Manage client expectations and communicate deliverables clearly and timely
• Assist with open item lists, auditor communications, 1099 form preparation, and onboarding for both new clients and new funds
• Review and spearhead ongoing Credit Fund automation projects
• Communicate with senior team members on the status of reports and projects
• Monitor and create fund/account efficiencies and ensure implementation of improvements
• Work with senior team members on special client requests
• Assist with the development of policies and procedures

• 7+ years of professional experience
• Bachelor’s degree in Accounting, Finance or similar
• Expertise in Credit Fund Accounting and Bank Loan Markets operations
• In‑depth understanding of private credit and structured product investments
• Experience preparing journal entries and other fund accounting processes (e.g., cash, investments, intercompany, credit facility, accruals, valuations, management fees, invoices, partner allocation, and carried interest)
• Deep knowledge of Fund Accounting technology platforms
• Advanced Microsoft Excel skills, including advanced formulas and pivot tables
• Understanding of multiple vehicle structures including parallel, co‑investor, blocker, feeder, and holding company structures
• Ability to quickly learn and understand Alter Domus’ accounting systems and corresponding reporting
• Skilled at proactively identifying issues and recommending long‑term solutions
• Capacity to multitask, working on multiple client and/or fund deadlines
• Effective communicator with clients
• Capable of working both independently and on a team
• Excellent attention to detail and analytical skills
• Experience managing a team is a plus

Salary range depending on location and experience: $110,00-$130,000

We are committed to supporting your development, advancing your career, and providing benefits that matter to you.

• Support for professional accreditations
• Flexible arrangements, generous holidays, plus an additional day off for your birthday
• Continuous mentoring along your career progression
• Active sports, events and social committees across our offices
• 24/7 support available from our Employee Assistance Program
• The opportunity to invest in our growth and success through our Employee Share Plan
• Plus additional local benefits depending on your location

We are in the business of equity, in every sense of the word. We value every voice and experience, maintain an inclusive culture, and welcome diverse perspectives. Alter Domus is an Equal Opportunity

Employer:

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, or protected veteran status. We are committed to ensuring a welcoming recruiting and onboarding process for everyone. Please contact our hiring team if you require any accommodations to make our recruitment process more accessible for you.

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