Fund Accountant Private Debt
Mid level opportunity for a qualified or nearly-qualified finance professional to take ownership of day to day fund accounting operations across private credit fund structures for a $20 billion AUM private debt credit fund.
The Fund Accountant will work across commingled funds and single mandate structures, taking responsibility for a defined set of funds and reporting deliverables.
Key Responsibilities
Cash Management & Reconciliations
- Own and maintain fund cash books, including daily reconciliations of cash movements across all fund bank accounts with accurate split of principal and interest
- Prepare and deliver regular cash capacity updates to the team, liaising with the administrator to confirm all reported balances are correctly stated
- Coordinate utilisation requests in respect of bridge loan facilities
- Liaise with the Loan Operations team on available deployment capacity for assigned funds, ensuring cash positions are accurately reflected and communicated
- Initiate and coordinate cash sweeps between fund bank accounts as required, ensuring timely execution and accurate recording
- Prepare and maintain cash flow forecasts for assigned funds, projecting inflows and outflows across capital calls, distributions, interest receipts, and fee payments
Administrator Oversight
- Serve as the primary day-to-day liaison with third-party fund administrators ensuring all accounting and administrative tasks are completed accurately and on time
- Review and challenge administrator-prepared NAV calculations, trial balances, and periodic reports before sign-off
- Monitor service levels and escalate any recurring issues to the Financial Controllers
- Coordinate with administrators on capital call and distribution processing, ensuring all notices are accurate and issued on schedule
- Support the documentation and cross-training of fund administration processes and procedures
Reporting
- Take primary responsibility for the end-to-end accounting and reporting cycle for one or two single mandate (fund of one) structures
- Review quarterly management accounts for assigned funds prepared by the fund administrator, ensuring consistency with underlying records and LP agreements
- Prepare and review periodic financial statements for assigned single mandate funds, ensuring compliance with relevant accounting standards (IFRS) and LP agreements
- Maintain accurate and up-to-date fund data for assigned structures, including interest vs. principal cash, IRRs, and portfolio-level metrics
- Assist with ad-hoc reporting and Investor queries when required
- Prepare or review annual financial statements for assigned funds in accordance with IFRS and relevant fund documentation, working closely with the administrator and Financial Controllers
- Coordinate the collation of all supporting documentation and sign-off packs required for financial statement sign-off
Audit and Tax
- Act as a key point of contact for external auditors during the annual audit process.
- Liaise with tax advisors to provide information, reconcile tax accruals, and support/review the preparation of tax returns for assigned funds. Review VAT returns
- Maintain strong working relationships with all external service providers, escalating issues to the Financial Controllers where appropriate
Qualifications and Skills
- A degree in Accounting, Finance, or a related discipline
- Qualified or nearly-qualified ACA, ACCA, or CIMA (or equivalent)
- 2-4 years’ experience in fund accounting,
- Strong numerical aptitude and high attention to detail, particularly in reconciliation and transaction-level work
- Proficiency in Microsoft Excel; experience with fund accounting or loan book systems (e.g. eFront, Geneva, Investran, or similar)
- Clear and professional communication skills, with the ability to liaise effectively with internal teams, administrators, and external agents
Desirable
- Experience with Luxembourg-based fund structures
- Familiarity with private debt, credit fund structures, or loan book management
- Experience preparing or reviewing management accounts or annual financial statements for investment funds
- Exposure to IFRS 9 ECL frameworks or fund valuation processes
- Experience with AIFMD reporting or regulatory fund filings
- Experience working with external auditors or tax advisors in a fund context
Personal Attributes
- Ownership mindset – takes accountability for assigned funds and deliverables end-to-end
- High attention to detail with a structured, methodical approach to complex reconciliations
- Proactive and well-organised, able to manage multiple deadlines across fund structures simultaneously
- Confident communicator – able to challenge administrators constructively and liaise effectively with senior colleagues
- Team player who supports peers and is willing to assist across functions as needed
- Adaptable and resilient in a fast-paced, deadline-driven environment
- Eager to develop technical expertise and grow within the fund finance function
