Job Description
I am working with a leading Fund Administrator is expanding their private credit arm and seeking 10+ years of strong credit fund accounting experience.
Must be local to NYC, Philadelphia, Boston, or Columbus, OH for minimal in-office meetings as they arise.
Overview:
· CREDIT ONLY — private credit, lending, direct lending, credit fund structures.
· Serve as front-facing representative with clients.
· Participate in new business pitches and function as the “eyes and ears” for the credit division.
· Manage and grow an ops team (initially 3 direct reports, not credit experts
· Oversee accounting, reporting, and operations for multiple credit clients — NOT a single-client fund admin role.
VP Private Credit Fund Accounting:
Job description:
· Work closely with private credit administration team to develop departmental procedures.
· Assist in the design and implementation of credit accounting workflows including the standardization of reconciliation items (for example: cash reconciliation, income reconciliation, etc.)
· Manage private credit client deliverables and coordinate with different internal departments to ensure deadlines are met.
· Oversee the maintenance of private credit client general ledgers and other records.
· Review and prepare NAV calculation, audited and unaudited financial statements, partner capital statements, management fee calculation, drawdowns, distributions and the underlying work papers.
· Respond to client inquiries and requests on an ad-hoc basis, providing timely and accurate information.
· Prepare various ad-hoc reports as required, analyzing data to answer specific business questions and provide insights to stakeholders.
· Act as a key daily point of contact for clients, providing input on service plans, calendars, and timelines, and ensuring all communication is prompt and professional to support strong client relationships.
· Lead, mentor, and develop a team of fund accounting professionals, overseeing their daily activities while fostering a culture of continuous learning, professional growth, and high-performance in a fast-paced environment.
Requirements:
· Experience with fund accounting/administration for open end and close end private credit funds.
· Experience in building and automating workflows to assist in the credit portfolio/fund accounting process.
· In-depth knowledge of the credit space and the specific accounting requirements surrounding the space. This includes experience with credit fund structures (master/feeder, rated-note feeders, etc.) as well as credit instruments (BSL, middle-market loans, lower-middle-market loans, mezzanine debt, term loans, etc.)
· Experience of working with the FIS HFPM platform is preferred.
· Utilize critical thinking skills to logically analyze situations, develop effective solutions, and execute a clear path to resolution.
· Knowledge of US GAAP
· Possess a commitment to exceptional client service, with a proven ability to respond to and resolve client issues efficiently and effectively.
· University degree (B.A., B.Sc., B.B.S.) in Accounting or Business (preferably majoring in Accountancy or another Financial-related program).
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