Principal, Fund Operations – Private Credit

Oliver James Group; New York (NY); Hybrid; USD 250,000 - 300,000; Full time

Benefits offered by this job

Total cash compensation between $250,0

Hybrid working

Future equity opportunity

Excellent benefits package

Clear route for progression to the Exe

Job summary

Oliver James Group, in partnership with a leading global asset manager, is seeking a Principal to join the Private Credit fund operations team in Manhattan. You will own the operational and financial oversight of a growing $45B platform and drive the launch of a multi-jurisdictional open-ended vehicle, running it day to day.

This senior role requires 10+ years in private credit, direct lending or distressed credit, with a strong track record of cross-functional leadership and implementing

Qualifications

• 10+ years in private credit fund operations or similar role.
• Degree in accounting, finance or business; CPA or advanced degree a plus.
• Hands-on knowledge of direct lending and distressed credit; open-ended fund structures.
• Experience launching or running complex private credit products with multiple vehicles.
• Track record leading across teams and embedding scalable processes.
• Experience using technology, automation or AI to improve fund operations.

Responsibilities

• Lead the build and ongoing management of a new open-ended private credit fund, including vehicle setup, administrator onboarding, governance and controls.
• Manage liquidity and cash flow across the fund range, forecasting, subscriptions and redemptions, capital calls and distributions, and credit facility monitoring.
• Build and maintain fund models and dashboards, including performance metrics, fee calculations, waterfalls and investor allocations.
• Monitor compliance with fund documents, side letters, investment guidelines, lender covenants and regulatory obligations with Legal, Tax and Compliance.
• Prepare and review investor and management reporting, due diligence responses and regulatory filings.
• Improve the operating environment by tightening procedures, reconciliations and data controls, using automation and AI to reduce manual work.
• Partner with Portfolio, Product, Accounting, Investor Relations and external advisers, raising risks and decisions promptly.

Skills

Private credit operations

Fund governance

Cross-functional leadership

Automation/AI in ops

Direct lending/distressed credit

Education

Degree in accounting/finance/business

CPA or advanced degree (preferred)

Tools

Fund accounting systems

Automation tools

Job description

Oliver James have recently partnered with a leading global asset manager as they seek to hire a Principal to join their Private Credit fund operations team. The role, based in Manhattan, will see this individual take ownership of the operational and financial oversight of a growing $45B private credit platform, with a particular focus on bringing a newly launched, multi-jurisdictional open-ended vehicle to market and running it day to day. You will be a key point of contact for teams across the business, making sure the product runs smoothly and that issues are resolved quickly.

Our client is ideally seeking a senior private credit professional with 10+ years of experience and a background in direct lending and/or distressed credit. They are offering a competitive compensation package up to $300,000, hybrid working, excellent benefits, a clear route for progression and much more!

Responsibilities

• Lead the build and ongoing management of a new open-ended private credit fund, covering vehicle and share-class set-up, administrator onboarding, governance and controls.
• Manage liquidity and cash flow across the fund range, including forecasting, subscriptions and redemptions, capital calls and distributions, and credit facility and borrowing base monitoring.
• Build and maintain fund models and dashboards, including performance metrics, fee calculations, waterfalls and investor allocations.
• Monitor compliance with fund documents, side letters, investment guidelines, lender covenants and regulatory obligations, working closely with Legal, Tax and Compliance.
• Prepare and review investor and management reporting, due diligence responses and regulatory filings, ensuring accuracy and timeliness.
• Improve the operating environment by tightening procedures, reconciliations and data controls, and using automation and AI to cut manual work.
• Partner with Portfolio, Product, Accounting, Investor Relations and external advisors, raising risks and decisions promptly.

Requirements

• 10+ years in private credit fund operations, fund finance, fund accounting oversight or a similar role.
• Degree in accounting, finance or business; a CPA or advanced degree is a plus.
• Hands-on knowledge of direct lending and distressed credit, and of how open-ended fund structures operate.
• Experience launching or running complex private credit products, including multiple vehicles, feeders or share classes.
• A track record of leading across teams, managing third-party providers and embedding scalable processes.
• Experience using technology, automation or AI to improve fund operations and reporting.

Benefits

• Total cash compensation between $250,000 and $300,000
• Hybrid working
• Future opportunity for equity
• Excellent benefits package
• A clear route for progression to the Executive level
• Much more!