Associate Manager - Private Credit Fund Accounting

Ultimus Fund Solutions • Full-time • Philadelphia, Pennsylvania, United States • $90k - $120k / year • 2d ago

Essential Duties and Responsibilities

Oversee the monthly and quarterly close for private credit funds, including preparation and review of the general ledger, trial balance, and supporting schedules;
Oversee the preparation of schedules to support the general ledger balances reported in the financial statements;
Communicate directly with the General Partners and respond promptly to their requests to provide them with the information they require;
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
Interact with auditors and provide them with reports/support to assist them during the audit;
Ability to multi-task between different tasks, client deliverables and internal demands throughout the day;
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)

Qualifications

3 – 5+ years’ (relevant) experience in Accounting or related field;
Minimum of a Bachelor’s Degree in Accounting or related field;
Advanced degree (MBA or MSA) in Accounting or related field strongly preferred;
Certified Public Accountant (CPA) license is 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
Proficient in Microsoft Office Suite with knowledge of FIS HFPM or other partnership accounting software a plus;
Ability to multitask, time management, attention to detail, planning and problem-solving skills required;
Ability to communicate and interact professionally and effectively through written and oral communication with current and potential clients and;
Ability to work in a fast-paced environment and handle/manage multiple team and individual priorities and deadlines.

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.