Fund Accounting Manager

Ascendo Resources; Miami (FL); On-site; USD 110,000 - 150,000; Full time

Job summary

Ascendo Resources is seeking an experienced Fund Accounting Manager with specialization in credit funds to oversee financial operations and reporting for our investment portfolios.

The role emphasizes leadership, deep knowledge of credit fund structures, and a proven track record of accurate GAAP reporting. You will ensure regulatory compliance and guide the fund accounting team to excellence.

Qualifications

• Minimum 5-7 years of fund accounting experience.
• At least 3 years focused on credit funds (e.g., private credit, leveraged loans, high-yield bonds, or distressed debt).
• Proficiency in fund accounting software and advanced Excel.
• Strong GAAP/IFRS regulatory knowledge for credit funds.

Responsibilities

• Oversee Fund Accounting Operations for credit funds, including NAV calculations and investor reporting.
• Prepare financial statements in accordance with GAAP/IFRS or applicable standards.
• Oversee valuation of credit fund investments ensuring fair value accounting.

Skills

Fund accounting

Leadership

Analytical skills

Communication

Attention to detail

Regulatory knowledge

Education

Bachelor's degree in Accounting or Finance

CPA or CFA (preferred)

Tools

Advent Geneva

Investran

Bloomberg

Job description

We are seeking an experienced Fund Accounting Manager with specialized expertise in credit funds to oversee the financial operations and reporting for our investment portfolios. The ideal candidate will have a strong background in fund accounting, exceptional leadership skills, and a deep understanding of credit fund structures and strategies. This role will ensure accurate financial reporting, compliance with regulatory requirements, and effective management of the fund accounting team.

Key Responsibilities

• Oversee Fund Accounting Operations: Manage all aspects of fund accounting for credit funds, including net asset value (NAV) calculations, financial statement preparation, and investor reporting.
• Financial Reporting: Ensure timely and accurate preparation of financial statements, including balance sheets, income statements, and cash flow statements, in accordance with GAAP, IFRS, or other relevant standards.
• Valuation and Pricing: Oversee the valuation of credit fund investments, including loans, bonds, and other fixed-income instruments, ensuring compliance with fair value accounting principles.
• Investor and Stakeholder Communication: Prepare and review investor reports, capital account statements, and performance metrics, ensuring transparency and accuracy.
• Compliance and Regulatory Oversight: Ensure adherence to regulatory requirements, including SEC, IRS, and other relevant guidelines, and coordinate with auditors during annual audits.
• Team Leadership: Manage and mentor a team of fund accountants, providing guidance on complex accounting issues and fostering a collaborative work environment.
• Process Improvement: Identify opportunities to enhance accounting processes, implement best practices, and leverage technology to improve efficiency and accuracy.
• Liaison with Service Providers: Collaborate with third-party administrators, custodians, and auditors to ensure seamless operations and accurate reporting.
• Risk Management: Monitor and mitigate financial and operational risks related to fund accounting activities.
• Performance Analysis: Support portfolio managers by providing detailed financial analysis and performance metrics for credit fund investments.

Qualifications

• Education: Bachelor's degree in Accounting, Finance, or a related field; CPA, CFA, or equivalent certification preferred.
• Experience: Minimum of 5-7 years of fund accounting experience, with at least 3 years focused on credit funds (e.g., private credit, leveraged loans, high-yield bonds, or distressed debt).
• Technical Skills: Proficiency in fund accounting software (e.g., Advent Geneva, Investran, or similar), advanced Excel skills, and familiarity with Bloomberg or other financial data platforms.
• Regulatory Knowledge: Strong understanding of GAAP, IFRS, and regulatory requirements specific to credit funds.
• Leadership: Proven experience managing and developing a team of accounting professionals.
• Analytical Skills: Ability to analyze complex financial data and provide actionable insights.
• Communication: Excellent verbal and written communication skills, with the ability to interact effectively with internal teams, investors, and external stakeholders.
• Attention to Detail: Strong organizational skills and a meticulous approach to financial reporting and compliance.

Preferred Skills

• Experience with private credit or direct lending funds.
• Familiarity with tax implications and structuring for credit fund investments.
• Knowledge of portfolio management and risk assessment for credit strategies.

Ascendo is a certified minority owned staffing firm, we welcome and celebrate diversity. Ascendo is an Equal Opportunity Employer and does not discriminate on the basis of race, color, religion, sex (including pregnancy and gender identity), national origin, political affiliation, sexual orientation, marital status, disability, genetic information, age, retaliation, parental status, military service or any non-merit factor.