Ascendo Resources · 1 week ago
Fund Accounting Manager
Miami, FL
Full-time
Onsite
Senior Level
$135K/yr - $165K/yr
5+ years expAscendo Resources is seeking an experienced Fund Accounting Manager with specialized expertise in credit funds to oversee the financial operations and reporting for their investment portfolios. The role involves managing fund accounting operations, ensuring compliance with regulatory requirements, and leading a team of fund accountants.
Human ResourcesStaffing Agency
Hiring Manager
Ronei Foumia
Responsibilities
Oversee Fund Accounting Operations : Manage all aspects of fund accounting for credit funds, including net asset value (NAV) calculations, financial statement preparation, and investor reporting
Financial Reporting : Ensure timely and accurate preparation of financial statements, including balance sheets, income statements, and cash flow statements, in accordance with GAAP, IFRS, or other relevant standards
Valuation and Pricing : Oversee the valuation of credit fund investments, including loans, bonds, and other fixed-income instruments, ensuring compliance with fair value accounting principles
Investor and Stakeholder Communication : Prepare and review investor reports, capital account statements, and performance metrics, ensuring transparency and accuracy
Compliance and Regulatory Oversight : Ensure adherence to regulatory requirements, including SEC, IRS, and other relevant guidelines, and coordinate with auditors during annual audits
Team Leadership : Manage and mentor a team of fund accountants, providing guidance on complex accounting issues and fostering a collaborative work environment
Process Improvement : Identify opportunities to enhance accounting processes, implement best practices, and leverage technology to improve efficiency and accuracy
Liaison with Service Providers : Collaborate with third-party administrators, custodians, and auditors to ensure seamless operations and accurate reporting
Risk Management : Monitor and mitigate financial and operational risks related to fund accounting activities
Performance Analysis : Support portfolio managers by providing detailed financial analysis and performance metrics for credit fund investments
Qualification
Required
Bachelor's degree in Accounting, Finance, or a related field; CPA, CFA, or equivalent certification preferred
Minimum of 5-7 years of fund accounting experience, with at least 3 years focused on credit funds (e.g., private credit, leveraged loans, high-yield bonds, or distressed debt)
Proficiency in fund accounting software (e.g., Advent Geneva, Investran, or similar), advanced Excel skills, and familiarity with Bloomberg or other financial data platforms
Strong understanding of GAAP, IFRS, and regulatory requirements specific to credit funds
Proven experience managing and developing a team of accounting professionals
Ability to analyze complex financial data and provide actionable insights
Excellent verbal and written communication skills, with the ability to interact effectively with internal teams, investors, and external stakeholders
Strong organizational skills and a meticulous approach to financial reporting and compliance
Preferred
Experience with private credit or direct lending funds
Familiarity with tax implications and structuring for credit fund investments
Knowledge of portfolio management and risk assessment for credit strategies
Company
Ascendo Resources
Ascendo Resources is a staffing and recruiting company providing accounting, finance, and it recruiting services.
201-500 employees
Funding
Current Stage
Growth StageLeadership Team
Scott Berger
Co-Founder of Healthcare Operations
Brandie Jimenez
Partner at Ascendo Resources
Recent News
2022-02-01
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