Portfolio Administration - Fund Analyst

Crescent Capital Group•New York, NY

About The Position

Responsible for supporting the day-to-day finance and accounting functions of various types of Closed-End Private Credit Funds. This role involves reviewing the work of fund administrators, monitoring expenses and accruals, processing invoices and payments, and preparing financial statements and performance metrics. The analyst will also manage liquidity, serve as a liaison with third parties, and assist with new fund setups, capital activity, and audits.

Requirements

Bachelor’s Degree in Finance or Accounting.
Experience with private credit investments such as bank loans as well as private equity.
Knowledge of various types of loan facilities, including term loan, delayed draw and revolving loan facilities.
Strong MS Office skills especially MS Excel.
Strong interpersonal, verbal, and written communication skills including the ability to work in a team environment and be detail oriented.
Strong analytical and organizational skills.
Ability to multi-task and problem-solve in a fast pace environment.

Nice To Haves

3-5 years of experience in asset management/fund accounting role is preferred.

Responsibilities

Review the work completed by fund administrators and provide direction and feedback where necessary.
Monitor and review all fund related expenses and accruals.
Provide direction for proper posting of investment related activities.
Review and process invoices and wire payments.
Review management fee and carried interest calculations as prepared by fund administrators.
Review the quarter-end closing workbooks.
Review quarterly and/or annual financial statements.
Prepare and review quarterly portfolio level performance metrics collaborating with deal team members.
Maintain liquidity analysis including managing the leverage facilities to ensure sufficient cash for upcoming funding activity, distributions, etc.
Serve as a liaison between fund administrators, custodian, portfolio teams, auditors, tax preparers and other third parties engaged on the Crescent Funds.
Collaborating with various teams to address investor requests and inquiries.
Help set-up and administer new Funds and Separately Managed Accounts.
Assist with investment fundings as well as all capital activity (capital calls/ distributions).
Prepare various reporting packages as requested by clients and portfolio teams.
Assist with the year-end audits.
Participate in ad hoc projects as assigned.