3 - 5+ years of relevant experience in Accounting or related field
Bachelor's Degree in Accounting or related field required
Advanced degree (MBA or MSA) in Accounting preferred
Certified Public Accountant (CPA) license preferred
Strong technical knowledge of private credit instruments and related accounting concepts
Proficient in Microsoft Office Suite; knowledge of FIS HFPM or similar software is a plus
Excellent multitasking, time management, and problem-solving skills
Responsibilities
Oversee monthly and quarterly close for private credit funds, including general ledger preparation and review
Prepare schedules to support general ledger balances in financial statements
Communicate directly with General Partners to fulfill their information requests
Review and approve accounting for loan transactions, considering trade date vs. settle date
Calculate and record interest income, PIK income, and OID/premium amortization
Interact with auditors, providing necessary reports and support during audits
Review borrowing base reporting and lender compliance deliverables
Benefits
Opportunity to work in a dynamic and fast-paced environment
Engagement with high-level clients and General Partners
Professional development opportunities in a specialized field
Collaborative team culture with a focus on excellence
Exposure to complex financial instruments and accounting practices
Full Job Description
Associate Manager - Private Credit Fund Accounting
Essential Duties and Responsibilities
Oversee the monthly and quarterly close for private credit funds, including preparation and review of the general ledger, trial balance, and supporting schedules;
Oversee the preparation of schedules to support the general ledger balances reported in the financial statements;
Communicate directly with the General Partners and respond promptly to their requests to provide them with the information they require;
Review and approve accounting for loan originations, purchases, sales, and paydowns, including trade date vs. settle date considerations where applicable;
Oversee the calculation and recording of interest income, paid-in-kind (PIK) income, original issue discount (OID)/premium accretion, and amortization
Interact with auditors and provide them with reports/support to assist them during the audit;
Ability to multi-task between different tasks, client deliverables and internal demands throughout the day;
Review borrowing base reporting and lender compliance deliverables where funds utilize subscription lines, warehouse facilities, or leverage structures;
Understand and interpret fund governing documents (LPA, credit agreements, side letters)
Qualifications
3 - 5+ years' (relevant) experience in Accounting or related field;
Minimum of a Bachelor's Degree in Accounting or related field;
Advanced degree (MBA or MSA) in Accounting or related field strongly preferred;
Certified Public Accountant (CPA) license is strongly preferred;
Strong technical knowledge of private credit instruments and related accounting concepts (e.g., interest accruals, PIK, OID/premium, amortized cost vs. fair value
Proficient in Microsoft Office Suite with knowledge of FIS HFPM or other partnership accounting software a plus;
Ability to multitask, time management, attention to detail, planning and problem-solving skills required;
Ability to communicate and interact professionally and effectively through written and oral communication with current and potential clients and;
Ability to work in a fast-paced environment and handle/manage multiple team and individual priorities and deadlines.
