Fund Accountant

Hercules Technology Growth Capital, Inc.; New York, Northern (NY, KY); Hybrid; USD 65,000 - 85,000; Full time

Job summary

Hercules Capital, Inc. is seeking a Fund Accountant to support private credit funds, coordinate loan administration, and assist in investor reporting and portfolio analytics.

You will work with external fund administrators, prepare shadow NAVs, monitor cash activity, and help produce financial statements and KPI analysis for senior management. 1-3 years in audit/finance, CPA or advanced degree preferred, strong Excel skills, and US GAAP knowledge are required to succeed in a fast-paced,

Qualifications

• 1-3 years in audit, finance, or accounting with private funds exposure.
• CPA (full or parts of exam) or advanced degree preferred.
• Strong understanding of private fund reporting and US GAAP.
• Proficiency with Excel to consolidate and analyze data.

Responsibilities

• Support senior manager in coordinating 3rd party fund admin and external audit processes.
• Prepare capital call & distribution communications to investors.
• Produce monthly and quarterly investor reporting and regulatory reporting.
• Lead monthly shadow NAV preparation and oversight of fund reporting by administrators.
• Monitor cash activities and conduct cash reconciliations.
• Assist with loan administration, including tracking funding and amendments.
• Perform portfolio yield analysis and KPI calculations.
• Collaborate across Hercules teams on investment activity and intercompany activity.
• Develop reporting materials for the expanding Adviser business.

Skills

Financial analysis

US GAAP understanding

Excel proficiency

Attention to detail

Education

CPA or advanced degree

Tools

Microsoft Excel

Job description

Description

Position Summary

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.

Essential Responsibilities

• 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.

Requirements

• 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.