Fund Accounting Manager (Credit)

Job DetailExperience Level ManagerDegree Type Bachelor of Science (BS)Employment Full TimeWorking Type HybridJob Reference 0000021524Salary Type AnnuallyIndustry Fund Administration;Private EquitySelling Points Lead impactful fund accounting operations for private credit portfolios. Collaborate with industry experts to ensure regulatory compliance and accuracy. Drive process improvements in a dynamic, fast-paced environment.Job DescriptionFund Accounting Manager (Credit) OverviewThe Fund Accounting Manager (Credit) will oversee fund accounting operations for Business Development Companies (BDCs).Lead financial reporting, portfolio valuation, and compliance processes for private credit vehicles.Collaborate with fund administrators, auditors, and investor relations to ensure accuracy and timeliness.Provide technical expertise on BDC-specific accounting and regulatory requirements.Manage a team of fund accountants and analysts, fostering professional growth and development.Identify and implement process improvements to enhance operational efficiency and scalability.Stay updated on US GAAP standards and regulatory changes impacting private credit vehicles.Ideal for professionals seeking ownership in a dynamic private credit environment.Fund Accounting Manager (Credit) Key Responsibilities & DutiesOversee daily fund accounting operations for BDC portfolios, including credit instruments.Manage NAV calculation processes, ensuring accuracy and timeliness during close cycles.Support portfolio valuation processes with valuation committees and investment teams.Ensure compliance with the Investment Company Act of 1940 and related regulations.Prepare and review financial statements, investor reports, and regulatory filings.Lead relationships with fund administrators, auditors, custodians, and tax advisors.Mentor and develop a team of fund accountants and analysts.Oversee credit facility compliance, covenant monitoring, and borrowing base calculations.Identify and implement process improvements for enhanced accuracy and scalability.Fund Accounting Manager (Credit) Job RequirementsBachelor's degree in Accounting, Finance, or a related field.Minimum of 6 years of fund accounting experience, with exposure to BDCs or private credit vehicles.Strong knowledge of the Investment Company Act of 1940 and BDC-specific regulations.Experience in NAV oversight, portfolio valuation, and credit facility compliance.Proven people management skills, with experience leading teams.Solid understanding of US GAAP standards for investment companies and credit funds.Proficiency in collaborating with fund administrators and external auditors.Ability to identify and implement process improvements effectively.Strong analytical and communication skills to manage complex operations.