Private Credit Fund Controller/Compliance Officer

Key Responsibilities

• Fund Accounting & Financial Reporting
• Oversee fund accounting operations for private credit funds and related vehicles performed by the fund administrator.
• Review and approve quarterly and annual financial statements.
• Ensure compliance with U.S. GAAP and ASC – Investment Companies.
• Manage NAV calculations, maintain records of investor commitments and capital activity, and investor reporting.
• Cook up and distribute monthly, quarterly, and annual financial statements.
• Coordinate with the administrator to manage capital calls, distributions, and investor capital account balances.
• Track investor subscriptions and capital movements across fund vehicles.
• Reconcile fund cash balances with the custodian.
• Portfolio & Investment Accounting Support
• Operational execution of fund investments including funding investments into SPVs, tracking investment allocations, monitoring portfolio cash flows and repayments.
• Maintain internal investment tracking and reporting.
• Coordinate closing logistics for portfolio investments.
• Monitor covenant compliance reporting of fund portfolios.
• Review loan accruals, non-accruals, and impairment analysis.
• Review waterfall models and carried interest allocations.
• Valuation Oversight
• Coordinate quarterly valuation process for private credit assets.
• Work with valuation committees and third-party valuation firms.
• Ensure valuation methodology compliance with International Private Equity and Venture Capital Valuation Guidelines (IPEV).
• Operational and Service Provider Oversight
• Manage relationships with key fund service providers including fund administrators, custodian and legal counsel.
• Ensure service providers deliver timely and accurate reporting.
• Audit & Tax Coordination
• Manage annual audits with external auditors.
• Cook up and distribute annual audit reports.
• Cook up and distribute annual tax returns.
• Coordinate with tax advisors for partnership tax filings and investor K-1s.
• Investor Reporting
• Cook up and distribute quarterly investor reports including: Portfolio performance, Risk metrics, NAV changes, Attribution analysis.
• Regulatory Compliance
• Serve as the firm’s Compliance Officer in connection with its FINRA registration and maintain and administer the firm’s compliance program under Investment Advisers Act.
• Assist the Chief Risk Officer /Compliance Officer with regulatory oversight.
• In conjunction with our external compliance firm, monitor compliance with U.S. Securities and Exchange Commission regulations.
• Policies & Procedures
• Ensure adherence to compliance manual and policies related to the firm and funds.
• Conduct annual compliance program reviews.
• Implement regulatory updates affecting private credit funds.
• Monitoring & Testing
• Perform compliance testing including: Trade surveillance, Marketing materials review, MNPI controls, Personal trading monitoring.
• Coordinate with our external compliance firm to prepare and support filings such as: Form ADV, Form PF, Form D, Form 10-K, Form 10-Q, Form 8-K.
• Ensure fund documentation adherence (LPAs, side letters).
• Monitor investment restrictions and concentration limits.
• Oversee investor onboarding processes including coordination of KYC/AML procedures with the administrator.
• Advise investment teams on regulatory considerations.

Qualifications

• CPA preferred
• 6–12+ years of experience in fund accounting and compliance experience
• Experience with private credit, direct lending, or private debt, and private funds
• Knowledge of loan accounting and credit instruments
• Experience with fund administrators and complex fund structures
• Familiarity with SEC examinations
• Typical Background: private credit fund accounting or operations teams, fund administrators servicing private credit funds, Big 4 asset management audit or advisory groups, private fund compliance roles
• Preferred Certifications: Certified Public Accountant (CPA), Certified Regulatory and Compliance Professional (CRCP), Chartered Financial Analyst (CFA)