SVP - Private Credit Fund Administration

Connect Search, LLC; Chicago (IL); Hybrid; USD 117,000 - 138,000; Full time

Job summary

Connect Search, LLC is seeking a Senior Vice President – Private Credit Fund Administration in Downtown Chicago, IL, offering a hybrid schedule (2 days onsite). The role leads fund administration and accounting for closed-end private credit funds and oversees GAAP financial statements and audits.

The ideal candidate has deep private credit fund accounting experience, strong knowledge of GAAP, and a track record of improving fund reporting controls.

Qualifications

• Bachelor's degree in finance, accounting or related field.
• Progressive experience in fund accounting and administration.
• Direct exposure to private credit or private debt funds.
• Experience as final reviewer and approver of GAAP fund financial statements.
• Strong understanding of loan-level accounting and investment activity.
• Experience coordinating audits with external auditors.

Responsibilities

• Oversee administration and accounting for closed-end private credit and alternative funds.
• Review GAAP fund financial statements and approve for audit readiness.
• Review loan-level accounting including amortized cost and interest accruals.
• Oversee fund-level GL, reconciliations, NAV calculations, and reporting.
• Ensure proper accounting treatment under U.S. GAAP for private investments.
• Coordinate annual financial statement audits and respond to accounting inquiries.
• Collaborate with investment, finance, and external stakeholders on reporting.
• Identify opportunities to strengthen fund accounting processes and controls.

Skills

Fund accounting

GAAP reporting

Private credit funds

Audit coordination

Leadership

Education

Bachelor's Degree in Finance/Accounting

Job description

Senior Vice President – Private Credit Fund Administration

Contract-to-Hire

Downtown Chicago, IL | Hybrid (2 Days Onsite)

Pay Range: $85-100/hour W2

Our client, a well established investment organization, is seeking a SVP of Private Credit Fund Administration with deep expertise in private credit fund accounting, closed-end fund structures, and GAAP financial reporting. This opportunity is ideal for a technically strong fund administration leader who has progressed beyond traditional NAV and investor reporting responsibilities and has direct experience overseeing the full accounting and financial reporting lifecycle of private credit investment funds. The successful candidate will bring hands-on experience with private credit loan accounting, financial statement review and approval, and the complexities of administering private investment vehicles.

Key Responsibilities

• Oversee fund administration and accounting activities for closed-end private credit and alternative investment funds.
• Serve as the senior-level reviewer and final approver of complete GAAP fund financial statements, ensuring accuracy, completeness, and audit readiness.
• Review loan-level accounting activities, including amortized cost, interest accruals, principal activity, and investment-related transactions.
• Oversee fund-level general ledger activity, reconciliations, NAV calculations, and financial reporting.
• Ensure proper accounting treatment of private credit investments and related transactions under U.S. GAAP.
• Coordinate annual financial statement audits, respond to technical accounting inquiries, and maintain appropriate financial reporting controls.
• Partner with investment, finance, and external stakeholders to ensure accurate accounting and reporting across private fund structures.
• Identify opportunities to strengthen fund accounting processes, reporting accuracy, and operational controls.

Required Qualifications

• Bachelor's Degree required in either Finance, Accounting, or a related discipline.
• Significant progressive experience in fund accounting and fund administration, with direct exposure to private credit or private debt investment funds.
• Administrator-side experience supporting closed-end private investment vehicles, including private credit funds, limited partnerships, or comparable structures.
• Demonstrated responsibility as the final reviewer and approver of complete GAAP fund financial statements, rather than exclusively preparing NAV calculations or investor reports.
• Strong understanding of loan-level accounting, including amortized cost, accrued interest, and investment transaction activity.
• Experience supporting annual audits and working with external auditors on private fund financial statements.
• Comprehensive understanding of fund-level accounting, financial controls, and reporting requirements.
• Ability to operate at both a strategic and hands-on technical accounting level.

Preferred Qualifications

• Experience with third-party fund administrators specializing in private credit, private debt, or alternative investments.
• Prior experience administering multiple closed-end investment funds or complex fund structures.
• CPA designation or comparable technical accounting expertise.
• Experience improving fund accounting processes, controls, and reporting workflows.

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