Fund Controller - Private Credit

Madison-Davis, LLC; New York (NY); On-site; USD 140,000 - 210,000; Full time

Job summary

Madison-Davis, LLC is seeking an experienced fund accounting professional to lead accounting, financial reporting, and compliance for private credit and CLO vehicles. You will oversee fund administrators, NAV calculations, allocations, waterfalls, and investor reporting, while coordinating with PMs, IR, and leadership.

A CPA with 10–12 years in asset management and strong CLO/private credit experience is required.

Qualifications

• Bachelor's degree required in Accounting, Finance, or related field.
• CPA is required.
• 10–12 years of accounting, fund accounting, or finance experience in asset management or alternative investments.
• Strong CLOs, private credit funds, or structured credit experience.
• Experience overseeing fund administrators and reviewing investor reporting packages.
• Solid understanding of partnership accounting, waterfalls, allocations, NAV calculations, and fund financial reporting.
• Experience with credit-related products, portfolio reconciliations, and performance reporting preferred.
• Experience designing and implementing accounting policies, procedures, and controls.
• Strong analytical, organizational, and problem-solving skills.
• Advanced Excel and Microsoft Office proficiency.
• Excellent communication skills with investors, portfolio managers, and senior leadership.

Responsibilities

• Oversee accounting, financial reporting, and operational activities for private credit and CLO vehicles.
• Manage NAV calculations, allocations, waterfalls, fund returns, and close packages.
• Oversee external fund administrators responsible for investor reporting and audits.
• Review investor statements, capital calls, distributions, and performance reporting deliverables.
• Monitor liquidity, cash forecasts, budgets, and debt facility compliance.
• Review portfolio data, reconciliations, and investment performance metrics.
• Perform portfolio compliance testing and concentration analysis.
• Review performance fee calculations and partnership allocations.
• Collaborate with investor relations to respond to investor inquiries on performance and NAVs.
• Support year-end audits, tax reporting, and regulatory compliance.

Skills

CPA

CLOs knowledge

Fund accounting

Private credit

NAV calculations

Investor reporting

Advanced Excel

Communication skills

Education

Bachelor's degree in Accounting, Finance, or a related field

Tools

Excel

Microsoft Office

Job description

ABOUT THE ROLE

A leading alternative investment platform is seeking an experienced fund accounting professional to support the finance, accounting, and reporting functions for complex private credit and CLO investment vehicles. This role will oversee fund administrators, investor reporting, fund performance reporting, credit facility compliance, and portfolio analytics while partnering closely with portfolio managers, investor relations, and senior leadership. The ideal candidate will bring a combination of public accounting and asset management experience, strong private credit or CLO knowledge, and the ability to operate independently in a highly visible environment.

RESPONSIBILITIES

• Oversee fund accounting, financial reporting, and operational activities for private credit and CLO investment vehicles.
• Manage the financial reporting process, including NAV calculations, allocations, waterfalls, fund returns, and close packages.
• Oversee external fund administrators responsible for investor reporting, capital activity, audits, and due diligence requests.
• Review investor statements, capital calls, distributions, and performance reporting deliverables.
• Monitor fund liquidity, cash forecasts, budgets, and debt facility compliance.
• Review and analyze portfolio data, reconciliations, and investment performance metrics.
• Perform portfolio compliance testing, including concentration and portfolio quality analysis.
• Review performance fee calculations and partnership allocations.
• Partner with investor relations to respond to investor inquiries regarding performance, NAVs, and fund operations.
• Support year-end audits, tax reporting, and regulatory compliance requirements.
• Assist with process improvements, policy development, and operational enhancement initiatives.

QUALIFICATIONS

• Bachelor s degree in Accounting, Finance, or a related field.
• 10 12 years of accounting, fund accounting, or finance experience within asset management, hedge funds, private equity, private credit, BDCs, or alternative investments.
• CPA required.
• Strong experience with CLOs, private credit funds, structured credit products, or similar alternative investment vehicles.
• Experience overseeing fund administrators and reviewing investor reporting packages.
• Strong understanding of partnership accounting, waterfalls, allocations, NAV calculations, and fund financial reporting.
• Experience with credit-related products, portfolio reconciliations, and investment performance reporting preferred.
• Experience designing and implementing accounting policies, procedures, and controls.
• Strong analytical, organizational, and problem-solving skills.
• Advanced Excel and Microsoft Office proficiency.
• Excellent communication skills with the ability to interact effectively with investors, portfolio managers, senior leadership, auditors, and external service providers.