Fund Accountant - Private Credit

Global CLO Fund Accountant, Private Credit

Reporting to: VP, Global CLO Fund Accounting

Our client is one of the most well established, global investment managers specialising in Private Equity and Private Credit, with more than 20 offices globally and more than €150 billion of assets under management.

The role

This role sits under the Private Credit arm of the business which has more than $35 billion in assets under management. We are seeking a Fund Accountant in the Finance team to handle operational and reporting elements of our Global CLO retention funds.

• Responsible for the fund accounting, reporting and oversight of the firms Global CLO Retention Finance structures, spanning multiple jurisdictions
• Liaison with external fund administrators on monthly NAV reporting, quarterly management accounts, annual financial reporting, ensuring financial reporting is accurate, timely and reflects all relevant insight from the wider team
• Engagement with investors and handle queries related to fund reporting and other ad-hoc matters
• Assistance on statutory reporting, including material interaction with audit and tax advisors
• Supporting regular Board interaction, acting to support the administrators and being the key link to the business
• Assistance with investment valuations and support memo's, including use of external valuation software and engagement with the CLO structuring and portfolio management teams
• Assist in managing fund cash & treasury positions, including assisting in hoc analysis of Fund performance, calculation of Fund IRR's, Carried Interest, and other Fund performance measures
• Timely and accurate review of fund expenses, drawdowns & distributions
• Assistance with the technical closed-end fund mechanics, including carried interest waterfalls and similar calculations
• Identify efficiencies and enhancements within process and control environments and work with the external administrator and broader business team to implement
• Contribute to the broader businesses Finance team and group initiatives

Key skills and attributes

• Fund accounting and reporting experience, covering IFRS, US and Lux GAAP
• Ability to adapt and operate effectively throughout a range of levels, being resilient and self- driven
• Evidence of effectively managing multiple stakeholders and third parties to achieve strategic goals under pressure
• Highly professional, diligent and conscientious work ethic
• Confidence, integrity and maturity
• Effective personal management and effective time management.
• Striving for excellence and driven to contribute to the Company's success

Key Requirements Qualifications

Essential

• Qualified - ACA, CIMA or equivalent, with 1-3 years of post-qualification experience
• Experience in closed-ended Fund Accounting gained at a Private Equity, Private Credit or Fund Administrator
• Strong knowledge of fund financials and reporting issues

Desirable

• Thorough understanding of carry structures and waterfalls
• Technical knowledge of IFRS and Lux GAAP
• Knowledge and experience of private fund structures and ideally CLO retention structures