Hedge Fund and Private Credit Accountant

Stone Coast Fund Services•Portland, ME

8d•$70,000 - $105,000•Hybrid

About The Position

As a member of the Fund Accounting team, the Private Credit Fund Accountant prepares accounting and reporting for Private Credit funds and some traditional hedge funds. The role includes daily, monthly, and quarterly NAV preparation; reconciliation of cash and portfolios; investment valuation; and income and expense accruals. It requires familiarity with a range of credit asset classes and with the accounting and valuation policies for illiquid and complex assets. The accountant processes interest accruals and payments, servicer-based remittances, fund expenses, and cash wire requests. The role also allocates profit and loss to investors and shareholders, calculates management and performance fees, prepares private-credit-specific financial statements, and reviews fund offering and commitment materials to understand their effects throughout the fund lifecycle. The accountant generates reports for fund managers and investors, supports board meetings, audits, financial statements, and regulatory requests, and communicates with internal and external parties to resolve fund accounting matters. The role offers hybrid work flexibility in Maine, with at least two in-office days each week. Fully remote work may be considered for residents of the listed eligible states. The position has an expected salary range of $70,000–$105,000 and is eligible for a discretionary bonus based on individual and company performance.

Requirements

At least three years of fund accounting experience in a Private Credit fund, Private Credit administrator, or other financial institution, with knowledge of Private Credit processes and products.
Familiarity with the types of investments and strategies held by Private Credit funds.
Ability to learn complicated concepts quickly.
Proficiency with Microsoft Office, including advanced Excel skills with formulas, pivot tables, and filtering.
Superior verbal and written communication skills.
Four-year college degree, preferably in Accounting, Finance, Business Management, or Economics.

Nice To Haves

Familiarity with bank debt and credit functionality in Advent Geneva.
Experience with portfolio and investor accounting systems, particularly Advent Geneva World Investor.
Experience working with internal control procedures, operating procedures, workflows, control checklists, and other elements of an internal control system.
Experience with financial reporting, information security, and client, vendor, and risk management.

Responsibilities

Prepare daily, monthly, and quarterly NAVs for Private Credit funds and some traditional hedge funds, including cash and portfolio reconciliations, investment valuations, and income and expense accruals.
Verify, calculate, and process interest accruals and payments in accounting systems and offline workbooks.
Verify, calculate, and process remittances based on servicer data.
Allocate profit and loss to investors and shareholders, including calculating management and performance fees for hedge funds, Private Credit funds, and their investors.
Prepare Private Credit-specific financial statements in accordance with regulatory and industry standards.
Review fund offering documents, PPMs, commitment documents, and other materials, and understand their effects on the fund throughout its lifecycle.
Process and record fund expense payments and ensure cash wire requests are completed accurately and on time.
Generate and deliver fund and investor reports to fund managers and investors for assigned clients.
Prepare and deliver supporting materials for board meetings, financial statements, audits, and regulatory requests related to assigned clients.
Communicate with internal and external parties about fund accounting matters and assist with issue resolution.

Benefits

Medical plans, including HSA options
Dental insurance
Vision insurance
Company-paid life insurance and AD&D, with additional voluntary coverage options
401(k) with employer match and immediate vesting
Student loan repayment support
Health savings accounts and flexible spending accounts for medical and dependent care
Paid time off and holidays aligned with the NYSE market calendar
Employee assistance program
Commuter benefits with employer contribution
Employee referral program
Optional critical illness, accident, and hospital insurance coverage
Paid community service time
Discretionary bonus based on individual and company performance