Fund Accountant

NYC Private Credit - Investment Management Firm

J Harlan Group is currently conducting a search for an experienced and highly motivated Fund Accountant at a prominent NYC Private Credit - Investment Manager.

An exciting opportunity reporting directly to the Controller of this fast growing and dynamic investment organization that is experiencing exceptional growth! The Fund Accountant will be responsible for supporting portfolio/partnership fund accounting including Fund Accounting / Financial Reporting and Investor Reporting across the funds and firm. This position requires an ability to work independently in a fast-paced, dynamic environment where attention to detail, analytical skills and strong communication skills are essential.

This individual will be a significant contributor in enabling their vision and helping the organization to grow and improve their businesses. To be successful in this role you must be highly detail oriented and organized, able to meet assigned deadlines and have first class communication and interpersonal skills.

Key Responsibilities:

• Review and oversight of quarterly fund closes based on data received from the Third Party Administrator (TPA), which includes review of related support for all balance sheet and income statement accounts
• Review and oversight of accrued and realized carry calculations from the TPA
• Review and oversight of capital allocations and capital statements prepared by TPA
• Review and oversight of financial statements
• Coordinate interim and year-end audit requests and address questions from external auditors as well as investors
• Review formation process for all new entities and prepare documentation needed for internal Legal Entity approval, coordinate establishment of tax documentation (W8, W9) for all entities
• Monitor legal compliance with various fund agreements and arrangements
• Manage and oversee fund capital activity including capital call calculations, distribution calculations and the carry waterfall analysis, management fee and other allocations or reallocations prepared by the TPA

The ideal candidate would have a background including:

• 3+ years of accounting/finance experience including relevant portfolio / fund accounting experience, with preference given to experience at a private credit, private equity, hedge fund manager, fund administrator or public accounting organization
• A strong understanding of accounting theory and practice
• Advanced proficiency in MS Excel
  

Education:

• Strong academic record and a bachelor’s or higher degree in Accounting, Finance or related field

An individual who loves solving deep and complex financial problems and wants to have an outsized impact with the products and solutions they deliver. An individual with a passion for investment accounting, high level of intellectual curiosity, a commitment to excellence and an unparalleled drive to deliver world-class services.

 

About the Client:

The firm is a New York-based, private credit fund manager that provides collateralized loans to small and mid-sized, non-sponsored businesses. The firm’s investment funds deliver senior-secured, short-term funding to companies that have quality operations, assets, and strong profit opportunity, but lack efficient access to capital. Companies choose this organization rather than utilizing more traditional capital alternatives because they have a reputation for being responsive, decisive and are able to deliver on their commitments. They originate collateralized loans of $10 million to $30 million and offer an equity alternative for management teams with high conviction, which allows them to avoid equity dilution and the long equity raise process, while executing immediate business and growth goals. The firm operates like a private equity firm, offering a wide array of resources to their portfolio companies - above and beyond traditional lenders – and underwriting more efficiently and rapidly. They have a highly experienced team of 27 professionals with deep investment and operating expertise. Over their 13+ year history, they have completed over 110 transactions and deployed more than $1.5 billion in capital to companies across a variety of sectors.

They seek candidates who are high-energy self-starters who want to join an investment management firm on the leading edge of financial markets. The management team needs individuals of the highest professional caliber who are leaders, problem solvers, analytic, detail-oriented, and entrepreneurial. Everyone at the firm works side-by-side with the firm’s senior partners in a highly collaborative and charged investment environment.

Successful candidates are:

• Analytic and relentless in pursuit of the right answer
• Strong communicators who excel at rapid synthesis
• Able to demonstrate sound business judgment
• Able to digest complexity while maintaining an understanding of the “big picture” of business needs
• Team players who are energized by a collaborative enterprise
  

The firm’s employees maintain the highest professional and ethical standards. The firm has earned a reputation for honesty, fair dealing, and transparency in a competitive industry. They believe that these standards are the foundation for superior investment performance and are critical to delivering performance to clients.

The salary range is $90,000 - $125,000 plus employees may also be eligible for annual discretionary incentive compensation. Actual compensation within that range will be dependent upon the individual's skills, experience, qualifications, location, and applicable laws.

Posted On: Tuesday, October 31, 2023