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 is responsible for accounting and administration for private credit funds and some traditional hedge funds. The role includes preparing net asset values, reconciling cash and portfolios, valuing investment holdings, recording income and expense accruals, processing interest and remittances, allocating profit and loss and calculating fees, and preparing fund financial statements and reports. The accountant reviews fund documents and considers their impact throughout a fund’s lifecycle, processes expense payments and wire requests, supports board meetings, audits and regulatory requests, and communicates with internal and external parties to resolve fund accounting issues. The position offers hybrid work within Maine, with at least two days per week in the office. Fully remote work may be considered for residents of the listed eligible states. The expected salary range is $70,000–$105,000, with eligibility for a discretionary bonus based on individual and company performance.

Requirements

Three or more years of fund accounting experience in a private credit fund, private credit administrator, or other financial institution, with private credit process and product knowledge.
Familiarity with investment types and strategies held by private credit funds.
Ability to learn complicated concepts quickly.
Proficiency with Microsoft Office.
Advanced Excel skills, including 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 and expertise across credit asset classes, including bonds, asset-backed securities, credit derivatives, real estate, mortgages, direct lending, mezzanine debt, asset-based lending, factoring, and private and syndicated loans.
Familiarity with accounting and valuation policies for illiquid and complex assets.
Familiarity with bank debt and credit functionality in Advent Geneva.
Experience with portfolio and investor accounting systems, particularly Advent Geneva World Investor.
Experience 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, including their impacts during different phases of a fund’s 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 entities about fund accounting matters and assist with issue resolution.

Benefits

Medical, dental, and vision plans, including HSA options.
Company-paid life insurance and AD&D, with optional short- and long-term disability coverage.
401(k) with employer match and immediate vesting.
Student loan repayment support.
HSA 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.
Dedicated paid time for community service and supporting meaningful causes.
Discretionary bonus based on individual and company performance.