Fund Accountant

$125K – $175K total compensation (base + discretionary bonus) | New York, NY (hybrid) | 2 openings

Fund Accountant

Two seats on the fund finance team of a top-tier global credit manager. Openings like this don't come in pairs often.

About the Firm

Our client is a long-established, New York-headquartered alternative investment manager with a multi-decade track record in global credit. The firm manages multi-billion-dollar portfolios for pensions, endowments, foundations, sovereign wealth funds, and other institutional investors, with offices across the U.S., Europe, and Asia. Its strategies span corporate credit, distressed and special situations, structured credit, and opportunistic investments, run through commingled master-feeder funds, drawdown vehicles, and separately managed accounts.

To support continued growth, the fund finance team is adding two Fund Accountants. Each will own the books for a set of funds and accounts end to end, working closely with the controller, operations, investor relations, tax, and the fund administrator.

What You Will Do

NAV and administrator oversight

• Review monthly and periodic NAV packages from the third-party administrator for accuracy and sign off before release.
• Reconcile cash, positions, and P&L across the administrator, prime brokers, custodians, and internal systems, and resolve breaks.
• Analyze P&L and performance by fund, strategy, and share class, and explain significant movements to the controller.

Fund accounting and investor activity

• Calculate and review management fees, incentive fees and allocations, and expense accruals under fund documents and side letters.
• Process subscriptions, redemptions, capital calls, and distributions across master-feeder structures and drawdown vehicles.
• Account for credit instruments including bank debt, high yield and distressed bonds, CDS, and structured credit, along with accrued interest, paydowns, and restructurings.
• Maintain investor capital accounts and support investor relations with LP reporting and due diligence requests.

Financial reporting, audit and controls

• Prepare and review annual U.S. GAAP financial statements and footnotes for assigned funds.
• Act as a primary contact for external auditors during interim and year-end fieldwork.
• Provide schedules to tax for partnership returns and K-1s, and support regulatory filings such as Form PF.
• Help improve close procedures, controls, and automation as the platform grows.

What You Bring

• Bachelor's degree in accounting or finance.
• Roughly 3 to 6 years of experience in Big 4 or national-firm asset management audit, fund administration, or in-house hedge fund or private credit accounting.
• Strong grasp of partnership accounting, investor allocations, and fee and incentive calculations.
• Exposure to credit instruments; experience with bank debt or distressed securities is a strong plus.
• Advanced Excel skills; familiarity with Geneva, Investran, Allvue, or a similar fund accounting system is helpful.
• CPA (or progress toward it) preferred.
• Detail-oriented, organized under month-end deadlines, and comfortable working with investment, operations, and administrator teams.

Why This Role

• Ownership of complete fund books, not a narrow slice of a process.
• Direct exposure to complex credit and distressed investments at a highly respected institutional manager.
• A hybrid schedule in Midtown Manhattan.
• A clear growth path toward senior fund accountant and controller roles.

A strong move for audit and fund-admin professionals ready to go in-house at a top credit fund. Apply below; all discussions are confidential.