Manage day-to-day fund accounting for private credit funds, including NAVs, capital activity, and investor allocations. Oversee administrators, audits, and reporting. 6+ years' experience in fund accounting (private credit preferred), strong US GAAP knowledge, and proficiency in Excel and fund systems like Investran or eFront. CPA preferred.
Overview:
We are seeking an experienced and detail-oriented Fund Accounting Manager to join our finance team, with a primary focus on private credit funds. This individual will oversee fund accounting operations, ensure accurate NAV reporting, and manage third-party administrators and auditors. The ideal candidate will have strong knowledge of private credit structures, fund operations, and US GAAP or IFRS reporting requirements.
Key Responsibilities:
Manage the day-to-day fund accounting processes for private credit funds, including review of journal entries, capital activity, and valuations.
Review and approve monthly/quarterly NAV calculations prepared by fund administrators.
Monitor fund expenses, accruals, and cash activity, ensuring accurate reporting.
Oversee capital calls, distributions, and investor allocations in coordination with IR and fund operations teams.
Liaise with external fund administrators, auditors, and tax advisors.
Maintain and implement internal controls over financial reporting and ensure compliance with relevant accounting standards.
Support deal teams on new investment structuring from an accounting and operational standpoint.
Lead the annual audit process and assist with regulatory filings and investor reporting.
Mentor junior fund accountants or analysts (if applicable).
Qualifications:
Bachelor's degree in Accounting, Finance, or related field; CPA preferred.
6+ years of fund accounting experience, ideally with exposure to private credit or private debt strategies.
Experience working in fund administration, asset management, or public accounting (Big Four experience a plus).
Strong technical knowledge of investment vehicles, complex credit instruments, and US GAAP.
Familiarity with waterfall models, fee calculations (management, performance), and investor allocations.
Excellent Excel skills; experience with Investran, eFront, or similar fund accounting systems a plus.
Strong organizational and communication skills with the ability to manage multiple priorities.
