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Assistant Controller - Credit Funds

Employer
Tandym Group
Location
Grand Central, New York, United States
Closing date
Dec 1, 2022

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Job Role
Accounts Assistant
Sector
Finance
Contract Type
Permanent
Hours
Full Time
A financial services firm in New York City is actively seeking an experienced and hardworking professional to join their staff as their new Assistant Controller of Credit Funds. In this role, the Assistant Controller of Credit Funds will research and propose potential solutions to improve process and reporting efficiency to discuss with senior team members and technology teams.

Responsibilities

The Assistant Controller of Credit Funds will:
  • Assist with the validation of any enhancements to system reports and/or implemented functionality
  • Participate in monitoring all investments and analyze the related performance
  • Engage directly with the investment and origination professionals to handle multifaceted inquiries
  • Assist Controller with determining appropriate accounting decisions based on research done on new/proposed accounting guidance
  • Manage the liquidity of the Funds to assist with IRR optimization to LPs
  • Monitor the deal pipelines for several strategies and cash availability from fund credit facilities
  • Review and provide feedback on fund legal agreements (PPMs, LPAs and investor letters)
  • Model new waterfalls, management fee and carried interest calculations and other fund-specific calculations for new structures
  • Review call/distribution notices
  • Assist in the quarterly review in conjunction with the valuation team in determining fair value of investments
  • Ensure changes in valuation period-over-period are supported and documented
Qualifications
  • Undergraduate or Post-Graduate degree in Accounting
  • 10-15 years of experience related to alternative investments in private industry (e.g., hedge fund, private equity, bank, administrator, etc.) or public accounting
  • CPA
  • Solid understanding of Investment Company financial reporting
  • Strong Excel skills
  • Able to teach, coach, and effectively work with inhouse and offshore accounting personnel
  • Strong understanding of credit instruments and fund accounting concepts
Desired skills
  • Experience with directly originated loans, broadly syndicated loans, and other private credit instruments, as well as foreign-currency investments and derivatives
  • Knowledge or exposure to Investran and/or Virtual Portfolio Manager ("VPM") or similar portfolio accounting system

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