Description

Robert Half Financial Services are hiring for a Private Credit Head of Accounting role for a global Investment firm with offices in Manhattan and White Plains New York. Our client requires an active CPA with 20+ years Fund Accounting experience at an Investment firm or Big 4/Public firm, with knowledge of Private Credit or CLO Funds. The role requires 4 days per week in the downtown Manhattan or White Plains office, with 1 day work from home.

The Private Credit Head of Accounting role reports directly in the CFO and manages a team across multiple US office locations.

Responsibilities

1. Lead and manage the in-house accounting oversight team responsible for private credit funds and carry vehicles.
2. Act as subject matter expert for the business and provide sound accounting guidance on complex transactions, including deal structuring, valuation, and fair value accounting.
3. Oversee relationships with third-party fund administrators in conjunction with operations team, ensuring service quality, timeliness, and compliance.
4. Ensure appropriate internal oversight review procedures, taking into consideration operational efficiencies, risk areas, and materiality thresholds.
5. Develop and maintain accounting policies and procedures tailored to private credit.
6. Oversee treasury management activities performed internally and externally.
7. Ensure alignment between investment objectives and accounting treatment, including implications for financial reporting, tax, and investor communications.
8. Contribute to cost control initiatives by identifying process improvements and optimizing resource allocation.
9. Support the development of infrastructure, systems, and processes to scale business growth and complexity.
10. Contribute to RFPs, due diligence and onboarding of new products/clients.
11. Maintain an understanding of each fund's/portfolio's financial positions and business plans and actively identify and implement opportunities to leverage synergies across portfolio companies to enhance efficiency and value creation.
12. Partner with operations to develop and implement a comprehensive liquidity management framework that incorporates accurate funding projections, FX hedge monitoring, and efficient utilization of fund-level financing, including lender selection and management
13. Lead and ensure accuracy and integrity of performance calculations to support investor reporting and decision-making.
14. Liaise and coordinate with the corporate office, ensuring efficient, accurate, and timely flow of information, effective accounts payable/receivable management, and proactive risk management.
15. Oversee auditor selections and relationships; serve as escalation point.
16. Participate in private markets-wide initiatives and integration.
17. Collaborate with legal, tax, and operations teams.

Qualifications:

1. Active CPA license
2. 20+ years Fund Accounting experience at an Investment firm or Big 4/Public firm
3. Knowledge of Private Credit, CLO Funds or Distressed Credit
4. Deep understanding of fund structures, carry vehicles, investment accounting, and valuation methodologies.
5. Experience managing both internal accounting teams and third-party administrators.
6. Strong leadership and stakeholder management skills.
7. Bachelors or Masters in Accounting

The Private Credit Head of Accounting role requires 4 days per week in the downtown Manhattan or White Plains office, so please only apply if you are able to travel to this location, have relevant experience for the role and are eligible to work in the United States. The salary is $250-275k base plus bonus and great benefits. If your profile matches the above criteria, please email me [email protected]