Associate Fund Controller, Private Credit

Carta • Chicago, IL

20d

About The Position

Carta connects founders, investors, and limited partners through world-class software, purpose-built for everyone in venture capital, private equity and private credit. Trusted by 65,000+ companies in 160+ countries, Carta's platform of software and services lays the groundwork so you can build, invest, and scale with confidence. Carta's Fund Administration platform supports 9,000+ funds and SPVs, representing nearly $185B in assets under management, with tools designed to enhance the strategic impact of fund CFOs. Recognized by Fortune, Forbes, Fast Company, Inc. and Great Places to Work, Carta is shaping the future of private market infrastructure. Together, Carta is creating the end-to-end ERP platform for private markets. Traditional ERP solutions don't work for Private Funds. Private capital markets need a comprehensive software solution to replace outdated spreadsheets and fragmented service providers. Carta's software for the Office of the Fund CFO does just that - it's a new category of software to make private markets look more like public markets - a connected ERP for private capital. For more information about our offices and culture, check out our Carta careers page . As an Associate Fund Controller with a strong background in Private Credit, you will help provide leverage to our clients by understanding and prioritizing their needs while effectively scaling our CFO services. Some of the strategic support we provide includes: Capital calls and distributions Audit/tax support Pre- and post-close services Quarterly and annual financials Limited Partner communications You will bring transparency to founders, VCs, General Partners, Limited Partners, and now private credit managers by helping them utilize Carta's tools and resources such as: Real-time IRR Real-time portfolio data Additional data points (TVPI, RVPI) specific to Private Credit Credit investment performance metrics and exposure reporting You'll also: Improve our product and software through collaborating with product and engineering teams to continue to develop our Private Credit and Venture Capital product suite Turn a service industry into a software business through consulting with clients and implementing our fund administration software Interact with clients on a daily basis and manage effective client relationships Interact with external auditors and tax providers Review all client deliverables, including financial packages, capital calls, distributions, credit facility reporting, and ad-hoc client requests Assist Directors to execute new and current processes within the team Ensure the accounting team is SOC-compliant in all processes and procedures

Requirements

• 4+ years of experience in Fund Administration with recent hands-on Private Credit fund experience
• You have hands-on experience in Fund Administration with a specialization in Private Credit fund structures, including direct lending, credit opportunities funds, and structured credit vehicles
• You understand the unique aspects of accounting for Private Credit transactions, including loan servicing, interest income accruals (PIK, cash), covenant tracking, deal structuring, and credit facility borrowings
• You have experience maintaining, managing, and nurturing multiple client relationships
• You're interested in providing best-in-class service
• You have experience interpreting and understanding Limited Partnership Agreements (LPAs)
• You can review financial statements and footnotes, ensuring consistency with relevant GAAP (US GAAP, IFRS) and industry practice
• You are experienced with Waterfall calculations, management fees, and carried interest allocations in both Private Credit and VC/PE structures
• You have worked on complex entity structures, including master-feeder and parallel fund structures, and are comfortable with consolidated reporting
• You possess strong critical thinking, problem solving, and decision-making skills
• You are an effective communicator, excel at multi-tasking, and are deadline-driven
• You have a deep understanding of Venture Capital, Private Equity, Hedge Funds, and Private Credit markets
• You're proficient in Microsoft Office and have experience with relevant systems such as Xero, Investran, QuickBooks, and other Private Credit-specific platforms
• You have worked with general ledger systems and have implemented new systems or workflows
• You enjoy working in projects in a fast-paced environment, both independently and within a collaborative team
• You leverage technology to automate processes, improve efficiency, and enhance the client experience
• You enjoy mentoring and developing talent within the team

Nice To Haves

• CPA or CMA preferred
• Prior experience working with or within a fund administrator or private credit investment firm preferred

Responsibilities

• Improve our product and software through collaborating with product and engineering teams to continue to develop our Private Credit and Venture Capital product suite
• Turn a service industry into a software business through consulting with clients and implementing our fund administration software
• Interact with clients on a daily basis and manage effective client relationships
• Interact with external auditors and tax providers
• Review all client deliverables, including financial packages, capital calls, distributions, credit facility reporting, and ad-hoc client requests
• Assist Directors to execute new and current processes within the team
• Ensure the accounting team is SOC-compliant in all processes and procedures

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed
• Number of Employees: 1-10 employees