Accounting Senior Product Manager - Alternatives

Senior Accounting Product Manager for Alternatives at Clearwater Analytics, based in New York, NY (onsite), leading the alternative investments accounting product portfolio and backlog.

Responsibilities

• Develop and drive the roadmap for alternative investment accounting products, ensuring alignment with company goals, client needs, and the wider investment accounting platform.
• Translate the specifics of alternative assets such as capital calls, distributions, unfunded commitments, NAV and economic NAV, waterfalls, fee structures, and secondary transactions into clear product requirements and backlog priorities.
• Perform market research and competitive analysis focused on alternatives to identify trends, client use cases, and regulatory or reporting demands.
• Collaborate with stakeholders to gather requirements, define the product vision, and prioritize features for development.
• Act as an internal subject-matter expert on alternatives accounting, including fund structures, capital activity, performance metrics, and multi-basis/multi-GAAP reporting.
• Partner with accounting, valuation, and data teams to ensure accurate treatment of alternative assets across GAAP, IFRS, statutory, and client-specific policies.
• Champion end-to-end workflows for alternatives, including ingestion of capital account statements and notices, commitment tracking, NAV and book value alignment, fee and carry calculations, and look-through/exposure reporting.
• Collaborate with product, engineering, data, operations, and client services teams to deliver features and enhancements for alternative assets.
• Work with implementation and operations teams to design scalable onboarding and workflows for alternatives, including integrations with third-party administrators, GPs, and document/data providers.
• Serve as the primary liaison between product development and external stakeholders, including key clients, partners, and regulators, on alternatives accounting matters.
• Engage regularly with clients and prospects to understand their alternatives accounting, reporting, and operational needs and validate product direction.
• Translate client feedback, production issues, and implementation learnings into actionable product improvements and prioritized backlog items.
• Deliver product demonstrations, presentations, and training sessions to internal teams and clients to drive adoption of alternatives capabilities.
• Define and oversee the testing strategy for new features, with emphasis on complex alternatives use cases like capital account rollforwards, NAV/book value alignment, custom waterfalls, and multiple bases.
• Collaborate with development teams to define acceptance criteria, test cases, and regression plans; facilitate user acceptance testing with stakeholders and key clients.
• Ensure delivered functionality meets high standards for accuracy, performance, and reliability across large, complex alternatives portfolios.
• Analyze product usage and client outcomes to assess success and identify opportunities for improvement or expansion.
• Leverage data and client insights to iterate on the roadmap, retire low-value features, and invest in high-impact alternatives workflows.
• Prepare reports and presentations for senior management summarizing product status, key wins, risks, and market insights specific to the alternatives business.
• Stay informed about accounting, regulatory, and industry developments affecting alternative investments, including fund reporting standards and valuation/disclosure guidance.
• Ensure product design and implementation enable clients to meet relevant accounting, reporting, and control requirements.
• Partner with compliance, legal, and risk stakeholders to assess the impact of new features and support audit and control needs.

Requirements

• 8+ years of experience in investment accounting or product management with a strong focus on alternative investments (private equity, private credit, real estate, infrastructure, or fund-of-funds).
• Deep understanding of investment accounting principles relevant to alternatives, including capital account activity, NAV and book value, fee and carry structures, and performance measurement.
• Familiarity with accounting and reporting frameworks such as US GAAP, IFRS, and statutory/regulatory requirements as they apply to alternatives.
• Proven track record of managing product development cycles from concept to launch in a financial or fintech environment.
• Demonstrated ability to translate complex accounting and operational requirements into clear, actionable product specifications and prioritized backlogs.
• Excellent analytical, problem-solving, and decision-making skills, comfortable working with large, detailed datasets and complex cash flow/valuation scenarios.
• Strong communication and interpersonal skills, with the ability to collaborate across technology, operations, sales, and client-facing teams and to convey complex topics to senior stakeholders and clients.
• Proficiency with modern product and project management tools and methodologies, including agile, Jira, and Aha, plus backlog management and discovery/validation practices.

Technologies

• Agile
• Jira
• Aha

Benefits

• Health, vision, and dental insurance
• 401(k)
• PTO
• Parental leave
• Medical leave
• STD/LTD insurance benefits

Preferred Qualifications

• Professional designation such as CPA, CFA, or CAIA, or equivalent experience in alternatives accounting or investments
• Experience working for or with asset owners, asset managers, fund administrators, or service providers focused on alternative investments
• Experience with enterprise investment accounting or portfolio management systems supporting alternative assets

Salary

• USD 179,400 - 243,136 per year