Key ResponsibilitiesFund Accounting & Financial Close- Oversee the monthly and quarterly close processes for private credit funds, including NAV calculations, income and expense allocations, fee and carry calculations, and capital activity.
- Review and approve fund financial statements, supporting schedules, and workpapers prepared internally or by third-party fund administrators.
- Ensure accurate accounting for private credit investments, including loans, structured credit, revolvers, PIK income, and related valuation considerations.
- Maintain oversight of general ledger activity, reconciliations, and variance analysis to ensure completeness and accuracy.
Financial Reporting & Investor Deliverables- Oversee the preparation and review of quarterly and annual fund financial statements in accordance with U.S. GAAP (ASC 946).
- Ensure timely and accurate delivery of investor capital account statements, financial highlights, and related investor reporting.
- Partner with Investor Relations to support investor inquiries by providing technical accounting explanations and financial data as needed.
Audit, Tax & Compliance Support- Serve as the primary accounting contact for external auditors, managing audit timelines, deliverables, and issue resolution.
- Coordinate with internal and external tax teams to support the preparation of K-1s and other tax reporting obligations.
- Ensure compliance with fund governing documents, accounting policies, and internal controls.
- Participate in SOX-type control activities, including documentation, testing support, and remediation efforts as needed.
Service Provider & Stakeholder Management- Manage relationships with third-party fund administrators, custodians, valuation providers, and auditors to maintain service quality and accountability.
- Act as a key accounting partner to internal Investment, Treasury, Risk, Legal, and Operations teams.
- Support new fund launches, restructurings, and amendments from an accounting and operational perspective.
Qualifications- Bachelor's degree in Accounting, Finance, or a related field; CPA strongly preferred.
- 6-12 years of relevant experience in private credit fund accounting, alternative asset management, public accounting, or fund administration.
- Strong knowledge of U.S. GAAP as it relates to investment companies, including fair value accounting.
- Hands-on experience with private credit investment structures and related accounting considerations.
- Experience managing teams and reviewing work performed by internal staff and external service providers.
- Strong communication skills with the ability to explain technical accounting matters to non-accounting stakeholders.
- Advanced Excel skills; experience with fund accounting and reporting systems preferred.
It is expected that the base annual salary range for this New York City-based non-exempt position will be $150,000 - $180,000. Actual salaries may vary based on factors, such as skill, experience, and qualification for the role. Employees may be eligible for a discretionary bonus, based on factors such as individual and team performance.
