Hedge Fund and Private Credit Accountant

Remote/Hybrid Work Flexibility This position offers hybrid work flexibility within Maine (minimum 2 in-office days per week). Fully remote work opportunities will be considered for residents of one of the following states: AR, AZ, CO, CT, DC, FL, GA, IN, IA, KS, KY, ME, MA, MD, MI, MO, NH, NV, NJ, NC, OR, PA, RI, SC, TN, TX, VA, WA, WI. The Position As a member of the Fund Accounting team, the Private Credit Fund Accountant position would be responsible for the following: - Understand and able to complete daily/monthly/quarterly Net Asset Value (NAV) preparation for Private Credit Funds along with some traditional hedge funds, which includes Cash and Portfolio reconciliations, Investment Holdings Valuations, Income and Expense Accruals - Familiarity and expertise across the various credit asset classes (including but not limited to Bonds, Asset backed securities, Credit Derivatives, Real estate, Mortgages, Direct Lending, Mezzanine Debt, Asset-Based Lending, Factoring Private and Syndicated loans. - Familiarity with the accounting and valuation policies of illiquid and complex assets - Verify/Calculate/Process interest accruals and payments both within the accounting systems and in offline workbooks - Verify/Calculate/Process remittances based on servicer data - Allocate profit and loss to investors/shareholders including the calculation of a variety of management and performance fees for our Hedge Funds and Private Credit funds and their investors - Prepare Private Credit-specific Financial Statements, adhering to regulatory and industry standards. - Review and understand private credit fund clients' offering documents, PPMs, commitment documents, and other materials, including the impacts to the fund during various periods of the fund's lifecycle. - Process and record fund expense payments and ensure cash wire requests are completed accurately and timely - Generate and deliver fund and investor reports to fund managers and investors of assigned clients - Prepare and deliver supporting materials as necessary for board meetings, financial statements and audit and regulatory requests related to assigned clients - Communicate with internal and external entities on fund accounting matters and assist in issue resolution Qualifications and Experience - Three or more years of fund accounting experience in either a Private Credit Fund, Private Credit Administrator, or other financial institution where the accountant has gained Private Credit process and products knowledge - Familiarity with the types of investments and strategies held by Private Credit funds - Familiarity with bank debt/credit functionality in Advent Geneva a plus - Must be able to learn complicated concepts quickly - Proficiency with Microsoft Office is essential; advanced Excel (formulas, pivot tables, and filtering) are a must - Demonstrates superior verbal and written communication skills - Experience working with portfolio and investor accounting systems, in particular Advent Geneva World Investor a plus - Experience working in an environment with internal control procedures, operating procedures, workflows, control checklists, and other elements of an internal control system a plus - Experience with financial reporting, information security, and client, vendor, and risk management a plus Education Requirements - Four-year college degree, preferably in Accounting, Finance, Business Management, or Economics. Application Requirements & Timing - Please be sure to include an updated copy of your resume with your application. Cover letters are read and considered, although they are not required. - Applications for this role will be accepted on an ongoing basis until filled. Compensation - The expected salary range for this role is $70,000 - $105,000. - The actual salary will be determined based on a variety of factors, including relevant experience, skills, education, specific responsibilities and assignments, and internal equity considerations. - This position is also eligible for a discretionary bonus based on individual and company performance. Benefits & Perks - Health & coverage: medical (including HSA options), dental, and vision plans - Financial protection: company-paid life insurance and AD&D, with additional voluntary coverage options including short- and long-term disability - Retirement & financial support: - 401(k) with employer match and immediate vesting - Student loan repayment support - Tax-advantaged accounts: HSA and flexible spending accounts (medical and dependent care) - Time off & flexibility: paid time off and holidays aligned with the NYSE market calendar - Additional programs: EAP, commuter benefits with employer contribution, employee referral program, and optional insurance coverage (critical illness, accident, hospital) - Community engagement: dedicated paid time to support causes and organizations meaningful to you Interested? We seek high aptitude, intellectually curious candidates that enjoy working as part of a team, satisfying our clients, and striving for the highest standards. The quality of our services derives solely from the quality of our people. Therefore, we seek smart, hard-working, ethical, and friendly professionals - from recent college graduates to fund administration veterans. Not sure if this role is the perfect fit? We encourage you to apply anyway. We know that everyone brings unique experiences and skills to the table, and you might be exactly who we are looking for. Take a chance, submit your application today! If you don't see an opening for which you are qualified, but do have relevant industry experience, please feel encouraged to apply to our General Application at the Career Center at www.stone-coast.com or find us on LinkedIn. Our growth compels us to continuously search for talent, and we may be contemplating a position that fits your experience. The Location Our location is central to our mission. Stone Coast is in the heart of Portland's Old Port waterfront, a picture-perfect tourist destination that we're fortunate to call home. Our offices offer beautiful views of Portland Harbor and the islands of Casco Bay. From our front door, we can walk to award-winning restaurants, cafes, museums, and shops. Living in Portland and surrounding areas offers excellent schools, minimal commutes and proximity to beaches, mountains and state parks.