Fund Accountant

Hercules Capital; New York (NY); On-site; USD 65,000 - 95,000; Full time

Job summary

Hercules Capital, Inc. in New York seeks a Fund Accountant to support private funds reporting and capital activity. You will coordinate loan administration, assist in investor reporting, and contribute to portfolio performance analytics for senior management.

The role involves preparing monthly shadow NAVs, coordinating with 3rd party fund administrators and auditors, and delivering accurate financial statements and regulatory filings in a fast-paced, collaborative environment.

Qualifications

• 1-3 years in audit, finance, or accounting role with exposure to private funds.
• CPA or advanced degree in Finance or Accounting preferred.
• Strong understanding of basic private fund reporting and US GAAP.

Responsibilities

• Prepare and oversee fund reporting with 3rd party fund administrators and external auditors.
• Coordinate Capital Call & Distribution communications to investors.
• Lead monthly shadow NAV preparation and assist in investor reporting and financial statements.
• Monitor cash activities and perform cash reconciliations and portfolio yield analysis.

Skills

Audit experience

Finance

Accounting

US GAAP

Education

CPA (exam passed)

Advanced degree in Finance or Accounting

Job description

Hercules Capital, Inc. (“Hercules”) is an internally managed, publicly traded BDC, providing financing solutions to high-growth, innovative venture capital-backed and institutional-backed companies. Hercules and its wholly owned subsidiary, Hercules Adviser, manage approximately $5 billion of assets. The Fund Accountant role is important in supporting the continued growth and expansion of Hercules’ private credit funds (the “Adviser Funds”). The Fund Accountant will be involved in all aspects of fund reporting including coordinating loan administration, supporting capital activity, liquidity management, shadow NAV preparation, oversight of the 3rd party fund administrators, and assisting in the preparation of investor reporting, financial statements, and portfolio performance analytics to senior management.

• Support Fund Senior Manager in preparation, review, oversight and management of 3rd party fund administrator and external auditors. Key deliverables include:
• Capital Call & Distribution communications to investors
• Monthly & quarterly investor reporting and reporting to regulatory bodies as well as external 3rd parties
• Quarterly reporting to senior management
• Preparation of annual financial statements and performance reporting sent to investors
• Lead preparation of monthly shadow NAVs and assist in review/oversight of the monthly reporting prepared by fund administrators.
• Monitor cash activities and oversee cash reconciliation process.
• Assist with loan administration review including collection, tracking, and review of funding and amendment documents, paydowns, and payoff activity.
• Perform and review portfolio yield analysis by investment and calculate overall fund key performance indicators
• Collaborate with multiple Hercules teams in tracking investment activity, expenses and other intercompany activity.
• Develop and enhance tracking and reporting materials for the expanding Hercules Adviser business.

Qualifications

• 1-3 years in audit, finance, or accounting role with exposure to private funds required.
• CPA (full or parts of exam passed), or advanced degree in Finance or Accounting is preferred.
• Strong understanding of basic private fund reporting and understanding of US GAAP.
• Professional or significant personal experience using Microsoft Excel to consolidate and analyze data.
• Organized individual that can adapt to shifting and competing priorities and works well with remote teams.
• Individual that excels in a very fast paced environment, take personal initiative to improve processes, and takes pride with personal accountability.