Associate Director, Private Credit Accounting

About the role

Associate Directors on the Private Markets/Credit Accounting team manage and lead teams in monitoring client deliverables while developing and executing strategic plans for continued business development.

Responsibilities

• Lead and manage the private credit accounting team, setting priorities, reviewing deliverables, and ensuring all reporting deadlines are met.
• Supervise, mentor, and develop junior and mid-level accountants, fostering a culture of accountability, accuracy, and professional growth.
• Oversee the preparation and review of quarterly and annual financial statements, investor reports, and management reporting packages.
• Manage general ledger maintenance, NAV calculations, and portfolio performance reporting for private credit funds and SPVs.
• Ensure accurate accounting for capital calls, distributions, management fees, incentive allocations, and fund expenses.
• Oversee accounting and reporting for private credit instruments including senior secured loans, unitranche, mezzanine, subordinated debt, structured credit, and co-investments.
• Partner with valuation teams to ensure appropriate methodologies for illiquid credit instruments are applied.
• Provide technical accounting guidance on complex transactions and investment structures.
• Manage external relationships with fund administrators and auditors, reviewing their work and ensuring timely deliverables.
• Review and approve investor notices (capital calls, distributions, statements).
• Support fundraising efforts by preparing accounting-related sections of offering materials and responding to investor due diligence requests.
• Drive process efficiency through automation, system enhancements, and best practices in fund accounting.
• Act as a key point of contact for investment teams, offering accounting insights to deal structuring and portfolio management.

Requirements

• Bachelor’s degree in Accounting
• 7-10+ years’ of progressive experience in fund accounting, audit or financial reporting within Private Credit, Direct Lending or Alternative Investment Funds
• Proven leadership and supervisory experience with a track record of managing, training and developing accounting teams.

Qualifications

• CPA / Master's degree are pluses
• Proficient with fund accounting systems (e.g., Allvue, Investran, eDFront, Geneva) and advanced Excel skills
• Experience with complex waterfall and carried interest structures
• Excellent client relationship and project management skills
• Knowledge of multi-currency and cross-border fund structures (e.g. Cayman, Luxembourg, Delaware)
• Excellent verbal and written communication skills with the ability to interact with all levels of the organization

Skills

• Technical accounting guidance on complex transactions and investment structures
• Management of external relationships with fund administrators and auditors
• Reviewing and approving investor notices (capital calls, distributions, statements)
• Supporting fundraising efforts by preparing accounting-related sections of offering materials and responding to investor due diligence requests
• Driving process efficiency through automation, system enhancements, and best practices in fund accounting
• Offering accounting insights to deal structuring and portfolio management

Benefits

• Comprehensive total rewards package including medical, dental, and vision coverage; a 401(k) plan with company match; paid time off, holidays, and parental leave; and professional development reimbursement opportunity.
• Discretionary bonus and/or equity awards, such as restricted stock units or stock options, based upon individual and business performance at the company’s discretion.

Pay

• New Jersey: The expected base salary for the position is between 94000 USD to 205000 USD.
• New York: The expected base salary for the position is between 95,000 USD to 205000 USD.
• Massachusetts: The expected base salary for the position is between 95000 USD to 190000 USD.

Schedule

• Hybrid schedule available in New York, NY and Union, NJ.