Director of Fund Administration, SBIC

Our client, a leading fund administration firm, is seeking a Director of SBIC Fund Accounting to provide senior-level oversight and technical leadership for the accounting and administration of Small Business Investment Company (SBIC) funds and related investment vehicles.

This is a client-facing leadership position responsible for overseeing the delivery of high-quality fund accounting, financial reporting, investor reporting, and regulatory support services to SBIC clients. The Director will serve as a trusted advisor and SBIC subject‑matter expert, partnering closely with fund managers, investment professionals, auditors, tax advisors, and internal administration teams.

The ideal candidate will bring significant hands‑on experience with SBIC fund accounting and SBA regulatory requirements, combined with the ability to manage client relationships and lead accounting professionals in an outsourced fund administration environment.

• Oversee the day-to-day accounting and administration of a portfolio of SBIC funds and investment vehicles.
• Provide technical oversight and review of fund accounting activities, including capital activity, investment activity, management fees, expenses, allocations, distributions, and NAV calculations.
• Review and approve monthly, quarterly, and annual fund financial reporting.
• Oversee preparation and review of financial statements and supporting schedules in accordance with U.S. GAAP.
• Ensure accurate accounting for complex debt and equity investments, portfolio company transactions, and investment realizations.
• Review partner capital accounts, allocations, contributions, distributions, and investor activity.
• Establish and maintain appropriate accounting procedures and internal controls for SBIC clients.

• Serve as the firm’s SBIC accounting and regulatory subject‑matter expert.
• Provide guidance to clients and internal teams regarding SBA/SBIC accounting and reporting requirements.
• Oversee preparation and review of SBA‑related financial and regulatory reporting.
• Stay current on changes to SBA regulations, accounting standards, and reporting requirements affecting SBIC funds.
• Support clients through SBA examinations, audits, and regulatory inquiries.
• Partner with internal compliance, tax, and accounting teams to resolve complex regulatory and technical accounting issues.

• Act as a senior point of contact for assigned SBIC clients.
• Develop trusted relationships with CFOs, Controllers, fund managers, and other senior client stakeholders.
• Lead client meetings and communicate complex accounting and regulatory matters in a clear and practical manner.
• Proactively identify client needs and opportunities to improve accounting and administration processes.
• Manage escalated client issues and ensure timely resolution.
• Partner with business development and implementation teams when onboarding new SBIC clients.

• Lead and mentor fund accounting managers, senior accountants, and accounting professionals supporting SBIC clients.
• Review work performed by accounting teams and ensure adherence to established quality and control standards.
• Provide technical guidance on complex SBIC accounting matters.
• Establish appropriate review processes and escalation procedures.
• Support hiring, training, performance management, and development of the SBIC accounting team.
• Help build scalable processes as the firm’s SBIC client base grows.

• Serve as the primary accounting contact during client audits.
• Coordinate with external auditors and tax advisors on financial reporting and technical accounting matters.
• Review audit deliverables and respond to auditor questions.
• Ensure…