Duties:
- Work closely with private credit administration team to develop departmental procedures.
- Assist in the design and implementation of credit accounting workflows including the standardization of reconciliation items (for example: cash reconciliation, income reconciliation, etc.)
- Oversee the monthly and quarterly close for private credit funds, including preparation and review of the general ledger, trial balance, and supporting schedules;
- Review and approve accounting for loan originations, purchases, sales, and paydowns, including trade date vs. settle date considerations where applicable;
- Oversee the calculation and recording of interest income, paid-in-kind (PIK) income, original issue discount (OID)/premium accretion, and amortization
- Review portfolio valuations in accordance with fund policies and applicable accounting guidance, including review of third-party pricing, credit marks, and internal valuation models;
- Review borrowing base reporting and lender compliance deliverables where funds utilize subscription lines, warehouse facilities, or leverage structures;
- Understand and interpret fund governing documents (LPA, credit agreements, side letters)
- Serve as a primary point of contact for clients, administrators, and internal stakeholders, providing timely responses and proactive issue resolution;
- Lead and develop a team through coaching, performance management, and technical training initiatives; drive standardization, process improvements, and automation;
- Manage audit and tax engagements by coordinating PBC requests
Qualifications:
- 7+ years of relevant experience in private credit/credit funds, alternative investments, fund accounting, or related financial services;
- 7+ years of people leadership experience, including coaching, performance management, and team development;
- Bachelor’s degree in Accounting, Finance, or related field required; advanced degree (MBA/MSA) preferred;
- CPA license strongly preferred;
- Strong technical knowledge of private credit instruments and related accounting concepts (e.g., interest accruals, PIK, OID/premium, amortized cost vs. fair value
- Experience with fund structures involving leverage (e.g., subscription lines, warehouse facilities) and related reporting
- Proficient in Microsoft Office Suite; experience with HFPM or other fund accounting/loan servicing systems is a plus;
- Demonstrated ability to manage multiple client deliverables, prioritize deadlines, and maintain attention to detail in a fast-paced environment;
- Strong written and verbal communication skills with experience interacting professionally with clients, auditors, and internal stakeholders.
Ultimus Leverpoint is an equal opportunity employer and does not discriminate on the basis of the applicant’s or employee’s race, color, religion, national origin, ancestry, gender, sexual orientation, age, disability, veteran or military status, genetic information, citizenship or any other status entitled to protection under federal, state or local anti-discrimination laws. No questions on our employment application are intended to secure information that is to be used for impermissible purposes.
