Fund Accounting Manager – Credit Division

About the Role:

We are expanding our alternative investment service platform with a new business unit dedicated to Credit Fund Administration, including public and private credit as well as off the run investments. We are seeking an experienced Fund Accounting Manager with strong knowledge of loan administration, credit investments, and fund operations to join our growing team.

This individual will be responsible for overseeing the daily accounting, reporting, and operational processes for private credit and direct lending funds. The role requires a hands-on leader with a deep understanding of investment structures, credit and distressed credit investments, loan servicing workflows, and valuation methodologies, as well as experience managing a team and interacting directly with clients.

Key Responsibilities:

Fund & Loan Administration

• Oversee daily accounting operations for private credit and direct lending funds, including loan closing and loan administration (includes interest accruals, paydowns and borrowings )..
• Review and reconcile loan activity, cash transactions, and investment-level data across portfolio and accounting systems.
• Coordinate loan servicing functions including borrower communications, payment tracking, covenant monitoring, and waterfall calculations.
• Support setup and maintenance of loan terms, borrower data, and payment schedules within the fund accounting and loan administration systems.

Financial Reporting

• Prepare and review quarterly and annual financial statements in accordance with U.S. GAAP (and IFRS where applicable).
• Manage capital account allocations, performance calculations, and partner-level reporting.
• Ensure timely delivery of NAV packages, management fee calculations, and investor statements.
• Collaborate with auditors, tax advisors, and internal compliance teams during audits and annual filings.

Client & Team Management

• Serve as primary contact for assigned clients—providing guidance, resolving inquiries, and ensuring service excellence.
• Supervise, train, and mentor fund accountants and analysts on private credit workflows and system usage.
• Partner with technology and operations teams to improve process automation, data integrity, and reporting efficiency.

Process Development

• Contribute to the design of scalable processes and controls to support a growing portfolio of credit funds.
• Assist in evaluating and implementing loan administration and fund accounting systems.
• Develop and maintain standard operating procedures (SOPs) and best practices for private credit administration.

Qualifications:

• Bachelor's degree in Accounting, Finance, or related field; CPA or CFA preferred.
• 7+ years of experience in fund accounting, loan administration, or credit fund operations—preferably within a fund administrator, asset manager, or accounting firm.
• Strong understanding of private credit instruments (senior loans, mezzanine debt, term loans, bank loans, etc.) and loan servicing mechanics.
• Familiarity with partnership accounting and fund structures (LP/GP, waterfall distribution models).
• Proficiency with accounting and loan systems.
• Exceptional attention to detail, analytical skills, and client-service mindset.
• Demonstrated leadership and mentoring abilities in a fast-paced, high-growth environment.

Why Join Us:

• Be part of a new business unit built on the foundation of an award-winning fund administration firm with 20 years of excellence.
• Collaborate with a technology-driven, client-focused team redefining standards in private credit administration.
• Growth opportunity within an employee-owned firm that values innovation, integrity, and partnership.
• Be part of a start-up unit inside the organization and have the ability to work directly a renowned industry veteran.