Senior Fund Accounting Manager

Lead a high-performing team in our financial services environment, driving fund accounting operations and process efficiencies to support business growth in Private Equity.

As Team Leader, you will oversee all closed-ended fund accounting operations, working closely with the client's Fund Administrators, Relationship Managers, and Operations Heads within the U.S. The team provides comprehensive fund accounting services for Private Credit Funds.

The ideal candidate will have extensive experience in Private Credit Funds, specifically within the financial services sector. This position requires hands-on experience with Cash Reconciliation, Expense Reimbursement, and Loan Accounting including JE's – Interest Accruals, PIK, Paydowns, Prepayments, Defaults, Amortization of OID, Premium, Discount.

Key Responsibilities:

• Oversee fund administrators and team members, ensuring accurate and efficient delivery of fund accounting services.
• Manage a variety of funds, including Private Equity Credit Funds.
• Handle complex P&L allocations across multiple entities within fund structures (Master-Feeder, SPVs, Blockers).
• Assist teams in performing waterfall calculations and ensure their accuracy.
• Ensure compliance with mandated operational procedures and checklists.
• Provide leadership, coaching, and professional development to team members.
• Oversee task allocation and delegation to ensure optimal team efficiency.
• Foster a culture of continuous improvement within fund accounting operations.
• Manage team capacity to support new business growth.
• Act as a primary escalation point for client inquiries and issue resolution.
• Maintain effective communication with internal stakeholders and external counterparts.
• Participate in new business pitches and assist in resource planning for service delivery.
• Contribute to projects and product development initiatives within fund accounting.

Bachelor's degree in Accounting, Finance, Business, or Economics (or international equivalent). 10+ years of experience in fund accounting, with at least 6+ years in Private Credit Funds Accounting. Experience specifically in Private Credit Funds.

Hands-on with Cash Reconciliation, Expense Reimbursement. Has worked on Term Loans / Revolvers / Unitranche / Bridge Loans / DDTL / CLOs. Exposure to Loan Accounting including JE's – Interest Accruals, PIK, Paydowns, Prepayments, Defaults, Amortization of OID, Premium, Discount.

Understanding of Loan Lifecycle / Letter of Credit / Covenant Tracking / Loan Settlements. Knowledge of Capital Calls, Distributions and Mfee. Knowledge of NAV computation for Credit Funds. Exposure to Performance Reporting, IRR (Gross & Net).

Hands-on with Partners Capital allocations, Partner Transfers, PCAP. Worked on Financial Reporting (Balance Sheet, Income Statement, Cash Flow Statement, TB). Exposure to Waterfall Calculations, Hurdle Rate, Catch-up and Carry.

Familiar with Compliance Reporting, Investor related reportings. Worked with Investran or similar fund accounting systems (Geneva, Efront etc.,). Ability to prepare SOPs / identify Process Improvement opportunities.

Exposure to Audit support and client deliverables. Worked on multi-entity / multi-currency structures.

This role offers the opportunity to lead a high-performing team within a dynamic and evolving financial services environment. You will play a critical role in managing fund accounting operations, driving process efficiencies, and supporting business growth in Private Equity.