Fund Accountant Private Debt Credit

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 elevate 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 such as 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.