Associate Manager, Private Credit Fund Accounting

This is a fully remote position, open to applicants in New York, +5 more states.

📋 Description

• Manage the monthly and quarterly closing processes for private credit funds.

• Prepare and assess general ledgers, trial balances, and accompanying schedules.

• Supervise the creation of schedules that support the general ledger balances presented in financial statements.

• Directly communicate with General Partners and address information inquiries.

• Review and authorize accounting entries for loan originations, purchases, sales, and paydowns, taking into account trade date versus settlement date considerations.

• Oversee the calculation and documentation of interest income, paid-in-kind income, original issue discount/premium accretion, and amortization.

• Collaborate with auditors, providing reports and necessary supporting documents.

• Review borrowing base reports and ensure compliance deliverables for funds utilizing subscription lines, warehouse facilities, or leverage structures.

• Comprehend and interpret fund governing documents, including LPAs, credit agreements, and side letters.

• Coordinate multiple tasks, client deliverables, and internal requirements.

⛳️ Requirements

• 3–5+ years of relevant experience in Accounting or a related field.

• A minimum of a Bachelor's Degree in Accounting or a related discipline.

• An advanced degree (MBA or MSA) in Accounting or a related area is highly preferred.

• A Certified Public Accountant (CPA) license is strongly preferred.

• Strong technical expertise in private credit instruments and associated accounting principles, including interest accruals, PIK, OID/premium, and the distinction between amortized cost and fair value.

• Proficiency in the Microsoft Office Suite.

• Familiarity with FIS HFPM or other partnership accounting software is an advantage.

• Capability to multitask, manage time effectively, plan, troubleshoot, and maintain meticulous attention to detail.

• Excellent professional written and verbal communication skills.

• Ability to thrive in a fast-paced environment while managing multiple team and individual priorities and deadlines.

🏝️ Benefits

• Competitive salary and performance-based bonuses.

• Comprehensive health and wellness benefits.

• Opportunities for professional development and career advancement.

• Flexible work arrangements and a supportive work environment.