Private Credit Fund Accountant - Hedge Fund

Black Swan Group; Greater London; On-site; GBP 90,000 - 115,000; Full time

Benefits offered by this job

Discretionary bonus 25%–50%

In-office with 1 day WFH

Job summary

Black Swan Group in London seeks a Private Credit Fund Accountant to oversee accounting for private credit funds and related vehicles. You will handle NAV calculations, investor statements, and tax reporting for US entities.

Role involves deal lifecycle accounting, regulatory reporting, and collaboration with fund administrators, auditors, and PMs. Expect a 4:1 in-office schedule with one day WFH and a discretionary bonus tied to fund performance.

Qualifications

• Qualified accountant (ACA, ACCA, or equivalent)
• 5–10 years of experience in Private Credit Fund Accounting
• Strong understanding of Tax - K-1 schedules / PFIC reporting for US entities
• Experience with PMS/OMS systems (Enfusion/Broadridge/Front Arena) is advantageous
• Proficient in Excel; experience with fund accounting systems is advantageous

Responsibilities

• Oversee end-to-end Private Credit accounting and reporting for funds and related vehicles
• Prepare and review NAV calculations, investor capital statements, and financial statements
• Tax expertise and PFIC/K-1 tax reporting for US entities and related documentation
• Manage fund cash, capital calls, distributions, and reconciliations
• Coordinate with fund administrators, auditors, custodians, and internal stakeholders
• Support deal lifecycle accounting including bookings, valuations, exits
• Contribute to regulatory reporting and compliance; drive process improvements and automation (Power BI, Python, Tableau)

Skills

Fund accounting

Private credit

Financial reporting

Excel

Education

Qualified accountant (ACA/ACCA or equivalent)

Tools

Enfusion

Broadridge

Front Arena

Power BI

Python

Tableau

Job description

• Private Credit Fund Accountant – Hedge Fund
• London
• Permanent Vacancy
• Compensation / Salary - £90,000 to £115,000 (max) base salary plus benefits and bonus (discretionary bonus 25% to 50% based on fund performance)
• Working Model – 4:1 days in office (1 day WFH - working directly with the PMs and business)
• Right to Work – FULL UK Right to Work –
• ****please note no Student Visa’s (time limited) or Dependant Visa’s will be considered due to 3rd party risk and no client sponsorship in offered***

My client a leading Private Credit hedge fund based in London that is looking to hire a Private Credit Fund Accountant to support its growing Private Credit and Distressed Banking Loans business.

This is an excellent opportunity for a Qualified Accountant to join a high-performing Private Credit and Distressed Banking Loans investment environment with exposure to complex distressed bank loans, private credit strategies, including direct lending, structured bank loans, credit, and special situations.

Key Responsibilities

• Oversee the end-to-end Private Credit accounting and reporting for private credit funds and related vehicles.
• Prepare and review NAV calculations, investor capital statements, and financial statements.
• Tax expertise and experience covering K-1 schedules / PFIC (Passive Foreign Investment Company) tax reporting for US entities. Tax documentation and managing tax requirements for the business.
• Manage fund cash, including capital calls, distributions, and reconciliations.
• Liaise with fund administrators, auditors, custodians, and internal stakeholders
• Support deal lifecycle accounting, including investment bookings, valuations, and exits
• Assist with regulatory reporting and compliance requirements
• Contribute to process improvements and system enhancements – champion process automation, the business is looking for Fund Accountant that can embrace technology and process automation leverage new technologies, Power BI, Python, Tableau.

Requirements

• Qualified accountant (ACA, ACCA, or equivalent)
• 5- 10 years of experience in Private Credit Fund Accounting, ideally with exposure to private credit, debt funds, or hedge funds is a prerequisite.
• Strong understanding of Tax - K-1 schedules / PFIC (Passive Foreign Investment Company) tax reporting for US entities is a key requirement and candidates are asked to highlight this in their CV.
• Prior Systems Coverage PMS / OMS namely - Enfusion, Broadridge, Front Arena will be advantageous.
• Financial instruments, loan structures, and valuation principles
• Experience working with fund administrators and external auditors
• Excellent attention to detail and organisational skills
• Proficiency in Excel; experience with fund accounting systems is advantageous

Compensation -

• Salary - £90,000 to £115,000 (max) base salary plus benefits and bonus (discretionary bonus 25% to 50% based on fund performance)
• Working Model – in office, 4:1 days in the office supporting the PMs and business directly and building infrastructure.
• Opportunity to work closely with front office and senior leadership
• Exposure to a diverse and sophisticated credit investment strategy
• Collaborative and high-performance culture

If you are a motivated Private Credit fund accountant looking to deepen your experience in private credit within a dynamic hedge fund environment, we would welcome your application.