Senior Product Manager - Private Funds

This is an exceptional opportunity for a professional with deep experience building financial technology software supporting private funds and alternative investments. In close collaboration with Sales, Product, Operations and Services teams, you will strategically define and implement the high-level roadmap for Clearwater’s Private Funds product line.

The successful candidate will be responsible for articulating the overall vision for the asset class, defining and documenting requirements, creating JIRA stories, and working closely with development teams to implement solutions. You will own the full product lifecycle—from market problem definition to user personas, workflow documentation, and business requirements for key functional groups within the private funds domain.

Responsibilities:

Market Management & Strategy

Understand the competitive landscape across private funds, including PE, hedge funds, credit, and real assets

Work with internal and external influencers to develop scalable, repeatable solutions for the private funds market

Partner with Sales teams to identify and prioritize high-value market opportunities

Regularly stay abreast of industry changes (e.g., LP/GP reporting standards, ILPA guidelines, regulatory shifts) and represent Clearwater as a subject matter expert

Product Development & Requirements

Collaborate with Solutions and Product teams to understand client workflows, current pain points, and how Clearwater’s platform can enhance their operations

Leverage private funds expertise to design products and features within the Clearwater system, including NAV reporting, capital account management, waterfall calculations, and fund-level analytics

Develop detailed business requirements and manage JIRA stories throughout the development lifecycle

Partner with development teams on feature design and ensure engineers understand the business value behind each deliverable

Define product capabilities necessary to capture high-priority private funds opportunities

Work with product owners to turn capabilities into development-ready products that can be delivered to clients

Stakeholder Communication & Roadmap

Communicate the private funds product roadmap to both internal and external stakeholders on a regular cadence

Speak with internal stakeholders about use cases, client needs, and the future direction of the private funds offering

Work with Sales, Operations, and Client Services to prioritize development projects and incorporate them into the Clearwater roadmap, balancing new market growth with profitability and client experience

Assist in defining the private funds offering and work with Marketing to update collateral and positioning materials

Client Success & Enablement

Put client success at the center of every product decision, ensuring new features solve real operational challenges faced by GPs, fund administrators, and LPs

Measure the success of new feature releases through adoption metrics and client feedback loops

Train internal users and clients on new private funds product functionality

Develop a deep understanding of Clearwater’s platform and build recognized expertise in private fund structures and operations

Requirements:

7+ years of experience in solutions or product leadership roles in financial services or financial technology, with a clear focus on private funds and alternative investments (PE, hedge funds, private credit, real assets)

Proven track record of successfully building and delivering product solutions for complex fund structures, including capital call management, waterfall distributions, fee calculations, and accounting

Deep knowledge of industry challenges such as regional regulations (e.g., ILPA, NAIC, BMA, Solvency), LP/GP dynamics, and fund administrator workflows

Demonstrated success putting client success at the heart of product decisions, with examples of translating institutional investor and fund manager needs into product requirements

Excellent verbal and written communication skills, with the ability to convey complex fund mechanics to both technical and non-technical audiences

Strong ability to synthesize and communicate results of data analysis

Strong organizational and interpersonal skills, with experience managing cross-functional stakeholder relationships across Sales, Engineering, Operations, and Client Services

Salary Range

$156,400.00 - $210,841.00