Empowering Financial Futures.
For more than 65 years, Glenmede’s independent ownership, innovation and unwavering commitment to our clients have made us a trusted partner for private wealth, endowment & foundation, and investment management clients.
Our people are invaluable. Through a team-oriented environment, your knowledge, expertise and varied backgrounds contribute to thoughtful innovation. Our culture fosters opportunities for continuous career growth and development in all areas of the organization. Working at Glenmede, you will experience the infrastructure and resources of a large firm combined with the client and employee focus of an independently owned boutique.
This position will operate in a hybrid work environment, 3 days per week in the office (Philadelphia, PA).
OVERVIEW:
The primary function of the Management Associate, Alternative Investments Fund Accountant is to be a key contributor on a team performing fund accounting and administration responsibilities for Glenmede client private equity and hedge fund investments. The role also supports the day-to-day administration and annual audit of the Glenmede Private Investment Funds along with fielding various inquiries from client service and portfolio management teams.
RESPONSIBILITIES:
Fund Accounting & Administration. Coordination and review of monthly/quarterly valuations for Glenmede’s private equity & hedge fund-of-funds vehicles. Daily processing of capital calls and distributions for client-held private investments. Manage cash forecasting for private equity funds to meet liquidity needs and provide recommendations on capital calls and distributions. Reconcile private investment positions across internal systems.
Audit and Tax Engagement Support. Assist with deliverables related to tax filings for alternative investment products. Partner with external administrator on preparation of quarterly work-papers and issuance of year-end financials in connection with annual US GAAP audit.
Private Investment Client Service. Support various internal reporting and data requests from investment teams. Address queries from Relationship Managers on behalf of clients invested in private equity & hedge funds. Contribute to projects focused on improving productivity and implementing technology solutions for alternative assets.
Firm-building. Active engagement in department-specific and firm-wide initiatives to expand capabilities, create solutions to address unmet business needs, improve client experience, or develop more efficient processes. Ability and willingness to contribute to the advancement of team, office and business capabilities. Other duties as required by the position.
REQUIRED QUALIFICATIONS:
- Bachelor’s degree in accounting or finance
- 2+ years of internship, co-op, and/or working experience in financial services or related role
PREFERRED QUALIFICATIONS:
- Fund Accounting experience supporting private equity and hedge fund vehicles
- Strong interpersonal skills, including clear verbal and written communication
- Experience using investment systems that support partnership accounting
Headquartered in Philadelphia, PA, Glenmede has 9 office locations in the US. For further information, please visit http://www.glenmede.com.
Our Benefits Overview:
- Competitive health and welfare benefits, including company HSA contributions
- Numerous voluntary benefit choices available
- Superior 401k match
- Tuition reimbursement
- Company subsidized commuter benefits
- Generous paid time off, including parental leave
- Plus more!
Glenmede is an Equal Opportunity Employer and Prohibits Discrimination and Harassment of Any Kind: Glenmede is committed to the principle of equal employment opportunity for all employees and applicants and to providing employees with a work environment free of discrimination, retaliation, and harassment. All employment decisions, including hiring decisions, at Glenmede are based on business needs, job requirements and individual qualifications in full compliance with all local, state and federal laws prohibiting discrimination on the basis of any status protected by the laws or regulations in the locations where we operate. Glenmede will not tolerate discrimination or harassment based on any of these characteristics. https://www.glenmede.com/equal-opportunity-employer/
** We are not seeking agency assistance with this role. No agencies, third parties, or phone calls, please. Glenmede is not accepting unsolicited resumes from search firms. All resumes submitted by search firms to any employee at Glenmede via-email, the Internet, or directly without a valid written search agreement will be deemed the sole property of Glenmede, and no fee will be paid in the event the candidate is hired by Glenmede.
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