Associate Manager, Private Credit Fund Accounting

Ultimus-Leverpoint-Private-Fund-Solutions; United States; Remote; USD 90,000 - 130,000; Full time

Job summary

Ultimus-Leverpoint-Private-Fund-Solutions seeks an Associate Manager for Private Credit Fund Accounting to oversee monthly and quarterly closes, general ledger, trial balances, and related schedules, ensuring accuracy and timeliness.

You will interact with General Partners, review loan-originations accounting, interest income, PIK, OID/premium, and coordinate with auditors, while managing multiple client deliverables in a fast-paced environment.

Qualifications

• 3–5+ years’ experience in Accounting or related field.
• Bachelor’s Degree in Accounting or related field.
• Advanced degree (MBA or MSA) preferred.
• CPA license strongly preferred.
• Strong knowledge of private credit instruments and related concepts (interest accruals, PIK, OID/premium).

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 with General Partners and respond promptly to information requests.
• Review and approve accounting for loan originations, purchases, sales, and paydowns.
• Oversee calculation and recording of interest income, PIK income, OID/premium, and amortization.
• Interact with auditors and provide reports to assist during the audit.
• Ability to multi-task between different tasks, client deliverables and internal demands.
• 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).

Skills

Private credit accounting

Financial analysis

GAAP knowledge

Auditing support

Attention to detail

Time management

Client communication

Multitasking

Leadership

Education

Bachelor's Degree in Accounting

MBA/MSA in Accounting or related field

Tools

Microsoft Excel

FIS HFPM

Job description

Associate Manager – Private Credit Fund Accounting

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.