Associate Manager, Private Credit Fund Accounting

Ultimus Leverpoint • Milwaukee, WI

3d

About The Position

The Associate Manager, Private Credit Fund Accounting oversees accounting close activities and financial reporting support for private credit funds. The role reviews fund transactions and income accounting, prepares and reviews accounting schedules, responds to General Partner requests, and coordinates with auditors. It also supports borrowing-base reporting and lender-compliance deliverables and requires interpreting fund governing documents.

Requirements

• 3–5+ years of relevant experience in accounting or a related field.
• Bachelor’s degree in accounting or a related field.
• Strong technical knowledge of private credit instruments and related accounting concepts, including interest accruals, PIK, OID/premium, and amortized cost versus fair value.
• Proficiency in Microsoft Office Suite.
• Ability to multitask, manage time, pay attention to detail, plan, and solve problems.
• Strong written and oral communication skills, with the ability to interact professionally and effectively with current and potential clients.
• Ability to work in a fast-paced environment and manage multiple team and individual priorities and deadlines.

Nice To Haves

• Advanced degree (MBA or MSA) in accounting or a related field.
• Certified Public Accountant (CPA) license.
• Knowledge of FIS HFPM or other partnership accounting software.

Responsibilities

• Oversee monthly and quarterly closes for private credit funds, including preparation and review of the general ledger, trial balance, and supporting schedules.
• Oversee preparation of schedules supporting general ledger balances reported in financial statements.
• Communicate directly with General Partners and respond promptly to requests for information.
• Review and approve accounting for loan originations, purchases, sales, and paydowns, including trade-date versus settlement-date considerations where applicable.
• Oversee calculation and recording of interest income, paid-in-kind (PIK) income, original issue discount (OID) or premium accretion, and amortization.
• Interact with auditors and provide reports and support during audits.
• Manage multiple tasks, client deliverables, and internal demands throughout the day.
• Review borrowing-base reporting and lender-compliance deliverables for funds using subscription lines, warehouse facilities, or leverage structures.
• Understand and interpret fund governing documents, including LPAs, credit agreements, and side letters.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager