An established global financial services provider specializing in alternative investment fund administration is seeking a Vice President, Private Credit Fund Accounting
to join its team on an initial six-month contract, with the possibility of extension.This opportunity is suited to an experienced fund accounting professional with a background in private credit, private debt, private equity, or other private markets investments. The successful candidate will oversee fund accounting deliverables, review complex investment accounting and financial reporting, and ensure the accuracy and integrity of fund-level financial information.
About the Role
The role requires a strong foundation in private markets fund accounting, with particular relevance to private credit investment structures. The ideal candidate will have hands-on experience with fund financial reporting, NAV calculations, investment accounting, and investor allocations.Experience with private credit or private debt funds is highly relevant, while candidates with broader private equity or private markets fund accounting experience may also be considered.What You'll Do
- Oversee and review fund accounting deliverables for alternative investment funds, with a focus on private credit.
- Review periodic Net Asset Value (NAV) calculations, trial balances, financial statements, and investor allocations.
- Review investment accounting for credit instruments, including direct loans, senior secured debt, subordinated debt, and mezzanine financing, where applicable.
- Review loan activity, interest accruals, amortization schedules, and realized and unrealized gains and losses.
- Review fund expenses, management fees, administration fees, carried interest, and other applicable fund-level charges.
- Review capital calls, distributions, investor statements, and related fund accounting deliverables.
- Interpret fund documentation, including partnership agreements, offering memorandums, and other governing documents, to ensure appropriate accounting treatment.
- Ensure the accuracy, completeness, and timeliness of fund financial reporting in accordance with applicable accounting standards and client requirements.
- Coordinate with clients, internal accounting teams, external auditors, and other stakeholders to resolve accounting and reporting issues.
- Support fund launches, client onboarding, fund conversions, and accounting transitions as required.
- Identify opportunities to strengthen accounting controls, improve reporting accuracy, and streamline fund accounting processes.
- Provide technical accounting guidance and review support to colleagues as needed.
What You'll Bring
- Strong experience in fund accounting, fund administration, or investment accounting within private markets.
- Experience with private credit, private debt, direct lending, or other credit investment structures is highly desirable.
- Candidates with private equity or broader private markets fund accounting experience will also be considered.
- Hands-on experience reviewing NAV calculations, general ledgers, trial balances, financial statements, investor allocations, capital calls, and distributions.
- Understanding of investment accounting, including interest income, accruals, investment valuations, and realized and unrealized gains and losses.
- Knowledge of fund structures, partnership agreements, and investor reporting requirements.
- Familiarity with US GAAP, IFRS, or other applicable accounting frameworks.
- Previous senior-level, supervisory, or review experience is an asset.
- Strong analytical, organizational, communication, and problem-solving skills.
- Proficiency in Microsoft Excel; experience with fund accounting platforms is an asset.
- A degree in Accounting, Finance, or a related field.
