Analyst - Fund Accounting - Direct Lending/Private Credit

Summary

Whitecap Search is seeking a talented and detail-oriented professional to join a rapidly growing hedge fund's private credit portfolio. This position offers an exciting opportunity to work within one of the largest funds and contribute to the dynamic field of fund accounting.

Function

The Fund Accounting team’s primary responsibility is the management of the books and records of the funds. This includes oversight, review, and reconciliation of the books and records with internal teams such as Middle Office, Cash Management, and Asset Management/Valuation, as well as with external, third-party fund administrators. Key duties involve NAV calculation and review, management and performance fees, expense review and management, and capital calls and distributions. The team also collaborates with Legal on fund setup and operation, Product Specialist and Investor Relations on ongoing and ad hoc analysis, and Management Company Accounting on AUM, performance, fee reporting, and revenue recognition.

Responsibilities

• Involvement in the closing of the books, including NAV review and reconciliation, fee calculations, and partners’ capital statement review.
• Participation in fund setup, operations, and ad hoc internal and investor requests.
• Monthly and quarterly closing of the funds’ books with fund administrators.
• Management fee and incentive fee waterfall calculation and review.
• Preparation and review of partners’ capital statements.
• Preparation and review of capital call and distribution calculations and notices.
• Review of fund expenses for accuracy and coordination of accruals and payments.
• Calculation and review of monthly investor return and NAV estimates.

Requirements

• 2-4 years of fund accounting experience, specifically with Private Credit, Direct Lending, or Private Equity.
• Current or prior experience in a Big 4 firm or similar caliber with Asset/Investment Management clients.
• CPA preferred.

Disclosure: The hourly rates and/or salaries listed may or may not reflect total compensation packages including bonus and fringe benefits, etc., nor are the advertisement(s) posted a guarantee of a certain compensation package for a position or bona fide offer of employment. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against on the basis of disability.