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- Tasks: Manage private credit accounting, prepare financial statements, and oversee fund cash.
- Company: Leading Private Credit hedge fund in London with a high-performance culture.
- Benefits: Competitive salary, discretionary bonuses, and opportunities for professional growth.
- Other info: Collaborative environment with exposure to senior leadership and innovative technologies.
- Why this job: Join a dynamic team and work on sophisticated credit investment strategies.
- Qualifications: Qualified accountant with 5-10 years in Private Credit Fund Accounting.
The predicted salary is between 65000 - 80000 £ per year.
Private Credit Fund Accountant – Hedge Fund
London
Permanent Vacancy
Compensation / Salary - £65,000 to £80,000 (max) base salary plus benefits and bonus (discretionary bonus 25% to 50% based on fund performance)
Working Model – 4:1 days in office (1 day WFH - working directly with the PMs and business)
Right to Work – FULL UK Right to Work – please note no Student Visa’s (time limited) or Dependant Visa’s will be considered due to 3rd party risk and no client sponsorship is offered.
My client, a leading Private Credit hedge fund based in London, is looking to hire a Private Credit Fund Accountant to support its growing Private Credit and Distressed Banking Loans business. This is an excellent opportunity for a Qualified Accountant to join a high-performing Private Credit and Distressed Banking Loans investment environment with exposure to complex distressed bank loans, private credit strategies, including direct lending, structured bank loans, credit, and special situations.
Key Responsibilities
- Oversee the end-to-end Private Credit accounting and reporting for private credit funds and related vehicles.
- Prepare and review NAV calculations, investor capital statements, and financial statements.
- Tax expertise and experience covering K-1 schedules / PFIC (Passive Foreign Investment Company) tax reporting for US entities.
- Manage fund cash, including capital calls, distributions, and reconciliations.
- Liaise with fund administrators, auditors, custodians, and internal stakeholders.
- Support deal lifecycle accounting, including investment bookings, valuations, and exits.
- Assist with regulatory reporting and compliance requirements.
- Contribute to process improvements and system enhancements – champion process automation, leveraging new technologies such as Power BI, Python, and Tableau.
Requirements
- Qualified accountant (ACA, ACCA, or equivalent).
- 5-10 years of experience in Private Credit Fund Accounting, ideally with exposure to private credit, debt funds, or hedge funds.
- Strong understanding of Tax - K-1 schedules / PFIC (Passive Foreign Investment Company) tax reporting for US entities.
- Prior Systems Coverage PMS / OMS namely - Enfusion, Broadridge, Front Arena will be advantageous.
- Financial instruments, loan structures, and valuation principles.
- Experience working with fund administrators and external auditors.
- Excellent attention to detail and organisational skills.
- Proficiency in Excel; experience with fund accounting systems is advantageous.
Compensation - Salary - £65,000 to £80,000 (max) base salary plus benefits and bonus (discretionary bonus 25% to 50% based on fund performance).
Working Model – in office, 4:1 days in the office supporting the PMs and business directly and building infrastructure.
Opportunity to work closely with front office and senior leadership.
Exposure to a diverse and sophisticated credit investment strategy.
Collaborative and high-performance culture.
If you are a motivated Private Credit fund accountant looking to deepen your experience in private credit within a dynamic hedge fund environment, we would welcome your application. Please apply early to avoid disappointment!
Private Credit Fund Accountant - Hedge Fund - Associate employer: Black Swan Group
Contact Detail:
Black Swan Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Private Credit Fund Accountant - Hedge Fund - Associate
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance world, especially those in hedge funds or private credit. A friendly chat can lead to insider info about job openings that aren't even advertised yet.
✨Tip Number 2
Prepare for interviews by brushing up on your technical skills and industry knowledge. Be ready to discuss K-1 schedules and PFIC tax reporting like it's second nature. We want to see you shine!
✨Tip Number 3
Show off your tech-savvy side! If you've got experience with tools like Power BI or Python, make sure to highlight that. Employers love candidates who can embrace technology and drive process improvements.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we’re always on the lookout for passionate candidates who are eager to join our dynamic team.
We think you need these skills to ace Private Credit Fund Accountant - Hedge Fund - Associate
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to highlight your experience in Private Credit Fund Accounting. Use keywords from the job description, like 'NAV calculations' and 'K-1 schedules', to show we’re on the same page.
Showcase Your Skills: Don’t just list your qualifications; showcase your skills! If you’ve got experience with systems like Enfusion or Broadridge, make it pop. We want to see how you can contribute to our tech-savvy environment.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Explain why you’re passionate about Private Credit and how your background makes you a perfect fit for us. Keep it engaging and professional!
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It helps us keep track of applications and ensures you don’t miss out on any updates. Let’s get started on this journey together!
How to prepare for a job interview at Black Swan Group
✨Know Your Numbers
As a Private Credit Fund Accountant, you'll need to be comfortable with financial statements and NAV calculations. Brush up on your accounting principles and be ready to discuss specific examples from your experience that demonstrate your expertise in these areas.
✨Tax Talk
Since tax expertise is crucial for this role, make sure you can confidently discuss K-1 schedules and PFIC tax reporting. Prepare to explain how you've managed tax documentation in previous roles, as this will show your understanding of the complexities involved.
✨Tech Savvy
This position values process automation and technology. Familiarise yourself with tools like Power BI, Python, and Tableau. Be prepared to share how you've used technology to improve processes in your past roles, as this will highlight your ability to adapt and innovate.
✨Collaborative Spirit
The job involves liaising with various stakeholders, so emphasise your teamwork skills. Think of examples where you've successfully collaborated with fund administrators or auditors, and be ready to discuss how you handle communication and problem-solving in a team setting.