Fund Accountant

Job Description

Fund Accountant, Investment Fund Services | SEI

The Tone:
This is an entry-level, full-time role at SEI, with a hybrid working environment for most roles. SEI is a global provider of investment processing, investment management, and investment operations solutions, serving clients for over 50 years. This role is crucial for delivering exceptional accounting and administration services to clients’ mutual funds, CITs, ETFs, and other pooled vehicles, acting as the official record keeper and an intermediary between funds and their investment managers.

The TL;DR
• Role: Early Career
• Type: Full-time
• Location: Hybrid – Oaks, PA

• Team: Investment Manager Services Division (IMS), Investment Fund Services accounting team
• Mission: Provide exceptional accounting and administration servicing for clients’ assigned mutual funds, CITs, ETFs, and other pooled vehicles.
• Tech Stack: Microsoft Excel

What You’ll Actually Do
• Accounting: Calculate funds’ daily investable cash, expenses, and income, then determine and report the daily Net Asset Values (NAVs).
• Reconciliation: Process shareholders’ activity and perform timely reconciliations to the fund’s transfer agent.
• Audit Support: Serve as the official record keeper by supporting various year-end audit engagements in accordance with GAAP accounting standards.
• Client Communication: Correspond with external investment managers regarding day-to-day fund inquiries, including security trades, fee payments, and cash position breaks.
• Process Improvement: Identify opportunities for future solutions and process improvements across the division and organization through professional development and collaboration.

The Must-Haves
• Background: This is an entry-level position, requiring a BA/BS in Accounting, Finance, Economics, Mathematics, or equivalent experience.
• Experience: Internship experience is preferred.
• Skills: Intermediate proficiency in Microsoft Excel, strong written and verbal communication skills, and robust customer service skills for daily client interaction.
• Bonus: An aim to broaden knowledge of the financial services industry, strong attention-to-detail, a collaborative and positive approach, and skills in curiosity and critical thinking.