Principal, Fund Operations – Private Credit

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 $300,000Hybrid workingFuture opportunity for equityExcellent benefits packageA clear route for progression to the Executive levelMuch more! If you are interested in exploring this opportunity further, please send a copy of your resume to [email protected] Apply Now