Fund Accounting Associate

A leading alternative asset management firm is seeking a Fund Accounting Associate to join its growing Credit Funds team. This individual will play a key role in the accounting, reporting, and operational support of private credit investment vehicles. The ideal candidate will possess strong technical accounting skills, attention to detail, and a desire to work in a fast-paced investment environment alongside finance, operations, and investment professionals.

This is an excellent opportunity for a motivated accounting professional looking to gain exposure to private credit, fund structures, investor reporting, and alternative investments within a highly collaborative organization.

Key Responsibilities

• Support the monthly, quarterly, and annual accounting close process for private credit funds and related investment vehicles.
• Prepare and review journal entries, account reconciliations, and supporting schedules.
• Assist in the calculation and review of fund Net Asset Value (NAV), capital activity, management fees, and carried interest allocations.
• Coordinate with third-party fund administrators to ensure accurate and timely financial reporting.
• Prepare quarterly and annual investor reporting packages.
• Assist with capital calls, distributions, and investor onboarding activities.
• Support the preparation and review of audited financial statements and coordinate with external auditors.
• Monitor portfolio investment activity, including loan originations, repayments, interest income, and valuation support.
• Maintain fund accounting records and ensure compliance with partnership agreements and fund governing documents.
• Assist with regulatory, tax, and compliance reporting requirements.
• Identify opportunities to improve processes, controls, and reporting efficiencies.
• Collaborate with investment, treasury, legal, and operations teams on various strategic initiatives.

Qualifications

• Bachelor's degree in Accounting, Finance, or related field.
• 2–7 years of experience in public accounting, fund accounting, private equity, private credit, hedge funds, or alternative investments.
• Strong understanding of partnership accounting and investment fund structures.
• Experience working with fund administrators and external auditors preferred.
• Knowledge of GAAP and financial statement preparation.
• Advanced proficiency in Microsoft Excel.
• Strong analytical, organizational, and problem-solving skills.
• Ability to manage multiple priorities and meet deadlines in a dynamic environment.

Preferred Experience

• Exposure to private credit, direct lending, mezzanine debt, structured credit, or other alternative investment strategies.
• Experience with investor allocations, waterfall calculations, and capital activity.
• Background in private equity or credit funds