Oliver James have recently partnered with a leading global asset manager as they seek to hire a Principal to join their Private Credit fund operations team.
The role, based in Manhattan, will see this individual take ownership of the operational and financial oversight of a growing $45B private credit platform, with a particular focus on bringing a newly launched, multi-jurisdictional open-ended vehicle to market and running it day to day. You will be a key point of contact for teams across the business, making sure the product runs smoothly and that issues are resolved quickly.
Our client is ideally seeking a senior private credit professional with 10+ years of experience and a background in direct lending and/or distressed credit. They are offering a competitive compensation package up to $300,000, hybrid working, excellent benefits, a clear route for progression and much more!
Responsibilities:
- Lead the build and ongoing management of a new open-ended private credit fund, covering vehicle and share-class set-up, administrator onboarding, governance and controls.
- Manage liquidity and cash flow across the fund range, including forecasting, subscriptions and redemptions, capital calls and distributions, and credit facility and borrowing base monitoring.
- Build and maintain fund models and dashboards, including performance metrics, fee calculations, waterfalls and investor allocations.
- Monitor compliance with fund documents, side letters, investment guidelines, lender covenants and regulatory obligations, working closely with Legal, Tax and Compliance.
- Prepare and review investor and management reporting, due diligence responses and regulatory filings, ensuring accuracy and timeliness.
- Improve the operating environment by tightening procedures, reconciliations and data controls, and using automation and AI to cut manual work.
- Partner with Portfolio, Product, Accounting, Investor Relations and external advisors, raising risks and decisions promptly.
Requirements:
- 10+ years in private credit fund operations, fund finance, fund accounting oversight or a similar role.
- Degree in accounting, finance or business; a CPA or advanced degree is a plus.
- Hands-on knowledge of direct lending and distressed credit, and of how open-ended fund structures operate.
- Experience launching or running complex private credit products, including multiple vehicles, feeders or share classes.
- A track record of leading across teams, managing third-party providers and embedding scalable processes.
- Experience using technology, automation or AI to improve fund operations and reporting.
Benefits:
- Total cash compensation between $250,000 and $300,000
- Hybrid working
- Future opportunity for equity
- Excellent benefits package
- A clear route for progression to the Executive level
- Much more!
If you are interested in exploring this opportunity further, please send a copy of your resume to [email protected]
