Atlas Search
Credit Fund Controller
Private Credit / Direct Lending Platform
Base pay range
$200,000.00/yr - $300,000.00/yr
Overview The Credit Fund Controller will lead the fund accounting, reporting, and control environment for a private credit investment platform. This role is responsible for overseeing NAV, financial statements, investor reporting, and complex credit‑related accounting while partnering closely with investment, risk, compliance, and operations teams. The ideal candidate has deep experience in credit fund structures, loan accounting, and managing fund administrators and auditors.
Key Responsibilities Fund Accounting & Financial Reporting
Oversee accounting and financial reporting for private credit funds, SMAs, and SPVs in accordance with US GAAP
Review and approve monthly and quarterly NAVs, including income accruals, amortization of OID and fees, realized and unrealized gains/losses, and expense allocations
Lead preparation and review of annual audited financial statements and related disclosures
Ensure accurate accounting for complex credit instruments, including senior secured loans, mezzanine debt, PIK interest, revolvers, delayed draw facilities, and restructurings
Valuation & Investment Oversight
Oversee the valuation process for illiquid credit investments in coordination with the investment team and valuation committee
Review fair value methodologies and assumptions for compliance with ASC 820
Ensure timely and accurate reflection of credit events, amendments, impairments, and write‑downs
Investor Reporting & Capital Activity
Oversee capital calls, distributions, and waterfall calculations
Support investor reporting, performance metrics, and ad hoc investor requests
Partner with IR and FP&A on fund‑level analytics and reporting
Administrator, Audit & Tax Management
Manage relationships with third‑party fund administrators, auditors, and tax advisors
Coordinate annual audits, including PBCs and technical accounting support
Oversee delivery of K‑1s and tax reporting for fund investors
Controls, Compliance & Governance
Design and maintain internal controls over fund accounting and NAV reporting
Support regulatory reporting and compliance requirements (e.g., Form PF, ADV reporting inputs)
Ensure policies and procedures align with best practices and investor expectations
Manage and develop fund accounting professionals
Establish scalable processes to support fund growth and new product launches
New Products & Special Projects
Support new fund launches, CLOs, SPVs, and co‑investment vehicles
Assist with financing arrangements, leverage facilities, and lender reporting
Partner with technology teams on system implementations and enhancements
Qualifications
Bachelor’s degree in Accounting or Finance; CPA strongly preferred
10–15+ years of experience in fund accounting or public accounting with a focus on credit funds
Deep understanding of private credit instruments and partnership accounting
Strong knowledge of US GAAP, including ASC 820 and credit‑specific accounting considerations
Experience managing administrators, audits, and investor reporting
Preferred Experience
Prior experience at a private credit, direct lending, or structured credit manager
Experience with fund accounting platforms (e.g., Allvue, Geneva, Investran)
Seniority level Director
Employment type Full‑time
Job function Accounting/Auditing
Industries Investment Management
Benefits
Medical insurance
Vision insurance
401(k)
Pension plan
Child care support
Paid maternity leave
Paid paternity leave
Tuition assistance
Disability insurance
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Overview The Credit Fund Controller will lead the fund accounting, reporting, and control environment for a private credit investment platform. This role is responsible for overseeing NAV, financial statements, investor reporting, and complex credit‑related accounting while partnering closely with investment, risk, compliance, and operations teams. The ideal candidate has deep experience in credit fund structures, loan accounting, and managing fund administrators and auditors.
Key Responsibilities Fund Accounting & Financial Reporting
Oversee accounting and financial reporting for private credit funds, SMAs, and SPVs in accordance with US GAAP
Review and approve monthly and quarterly NAVs, including income accruals, amortization of OID and fees, realized and unrealized gains/losses, and expense allocations
Lead preparation and review of annual audited financial statements and related disclosures
Ensure accurate accounting for complex credit instruments, including senior secured loans, mezzanine debt, PIK interest, revolvers, delayed draw facilities, and restructurings
Valuation & Investment Oversight
Oversee the valuation process for illiquid credit investments in coordination with the investment team and valuation committee
Review fair value methodologies and assumptions for compliance with ASC 820
Ensure timely and accurate reflection of credit events, amendments, impairments, and write‑downs
Investor Reporting & Capital Activity
Oversee capital calls, distributions, and waterfall calculations
Support investor reporting, performance metrics, and ad hoc investor requests
Partner with IR and FP&A on fund‑level analytics and reporting
Administrator, Audit & Tax Management
Manage relationships with third‑party fund administrators, auditors, and tax advisors
Coordinate annual audits, including PBCs and technical accounting support
Oversee delivery of K‑1s and tax reporting for fund investors
Controls, Compliance & Governance
Design and maintain internal controls over fund accounting and NAV reporting
Support regulatory reporting and compliance requirements (e.g., Form PF, ADV reporting inputs)
Ensure policies and procedures align with best practices and investor expectations
Manage and develop fund accounting professionals
Establish scalable processes to support fund growth and new product launches
New Products & Special Projects
Support new fund launches, CLOs, SPVs, and co‑investment vehicles
Assist with financing arrangements, leverage facilities, and lender reporting
Partner with technology teams on system implementations and enhancements
Qualifications
Bachelor’s degree in Accounting or Finance; CPA strongly preferred
10–15+ years of experience in fund accounting or public accounting with a focus on credit funds
Deep understanding of private credit instruments and partnership accounting
Strong knowledge of US GAAP, including ASC 820 and credit‑specific accounting considerations
Experience managing administrators, audits, and investor reporting
Preferred Experience
Prior experience at a private credit, direct lending, or structured credit manager
Experience with fund accounting platforms (e.g., Allvue, Geneva, Investran)
Seniority level Director
Employment type Full‑time
Job function Accounting/Auditing
Industries Investment Management
Benefits
Medical insurance
Vision insurance
401(k)
Pension plan
Child care support
Paid maternity leave
Paid paternity leave
Tuition assistance
Disability insurance
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