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Accounting Senior Product Manager - Alternatives

Clearwater Analytics, LLC New York, NY

New York, NY

Today

$179k - $243k/yr Full time Accounting Accounting Software Alternatives

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Job Description

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

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