The Principal, Fund Operations

Invesco • Dallas, TX

10d • Hybrid

About The Position

The Principal, Fund Operations – Private Credit provides financial management and operational oversight for private credit funds, with a primary focus on launching and operating a new cross-border evergreen fund. The role works with stakeholders in the United States and Europe to coordinate fund operations, resolve issues, and deliver accurate, timely reporting and support. It serves as a central coordination point and requires a broad understanding of the product’s operational, financial, investor, and governance requirements, along with expertise in direct lending, distressed credit, and evergreen fund structures.

The position supports fund readiness and ongoing oversight, cash and liquidity management, fund modeling and analytics, governance and compliance, investor and management reporting, and process and control improvements. It coordinates across internal teams and external advisors and uses systems, automation, and artificial intelligence to improve operational efficiency, accuracy, insight, and control.

The role is based in New York City. Under Invesco’s workplace policy, employees are expected to work at least four full days each week in an Invesco office. The stated salary range is $170,000–$200,000 per year; total compensation includes salary and incentive pay and varies based on skills, experience, and location.

Requirements

• Bachelor’s degree in accounting, finance, business, or a related field.
• At least 10 years of progressive experience in private credit fund operations, fund finance, fund accounting oversight, or a related role.
• Knowledge of direct lending and distressed credit investments and the operational requirements of evergreen fund structures.
• Strong understanding of private credit fund structures, investment and investor allocations, capital activity, management and incentive fees, credit facilities, liquidity management, valuation, and third-party administrator operating models.
• Experience launching or operating complex private credit products and managing multiple vehicles, feeders, sleeves, or share classes.
• Ability to lead cross-functional work, oversee external providers, resolve complex issues, and implement scalable processes and controls.
• Ability to apply systems, automation, and artificial intelligence to improve fund operations and reporting.
• Comply with Invesco’s workplace policy, which as of October 1, 2025, requires at least four full days each week working in an Invesco office.

Nice To Haves

• Advanced degree.
• CPA.
• Registered Investment Company experience.

Responsibilities

• Assist with operational readiness and ongoing oversight of a new cross-border evergreen fund, including fund structuring, vehicle and share-class setup, administrator implementation, governance, controls, reporting, and lifecycle management.
• Oversee cash forecasting, capital calls, distributions, subscriptions, redemptions, credit facilities, borrowing bases, covenant compliance, and liquidity planning across evergreen and related vehicles.
• Establish and maintain fund models, projections, performance metrics, management and incentive fee calculations, waterfalls, investor allocations, and dashboards.
• Ensure compliance with governing documents, side letters, investment guidelines, regulatory requirements, debt agreements, and internal policies; coordinate complex matters with legal, tax, compliance, and accounting teams.
• Support investor and management reporting, fund presentations, due diligence requests, regulatory filings, and other client deliverables, ensuring accuracy, consistency, and timeliness.
• Design and strengthen operating procedures, reconciliations, review controls, data governance, and issue-management processes.
• Use systems, automation, and artificial intelligence to improve efficiency, accuracy, insight, and control while reducing manual effort.
• Coordinate across Portfolio, Product, Accounting, Legal, Tax, Compliance, Investor Relations, and external advisors; escalate decisions and risks clearly and promptly.
• Perform other duties as deemed appropriate by the manager from time to time.

Benefits

• Flexible paid time off.
• Hybrid work schedule.
• 401(k) matching of 100% up to the first 6%, with a discretionary supplemental contribution.
• Health and wellbeing benefits.
• Parental leave benefits.
• Employee stock purchase plan.

What This Job Offers

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