Senior Fund Accountant | Boston MA | Private Credit

Senior Fund Accountant | Boston, MA | Private Credit

 

Our team is working with a leading credit fund based in Boston, looking to hire a Senior Fund Accountant to their growing fund finance team. The Senior Fund Accountant will support fund accounting and operations for alternative investment vehicles, overseeing the review of NAVs, investor capital accounts, financial reporting, and fund administrator deliverables to ensure accuracy and compliance with fund governing documents. Responsibilities include supporting close processes, monitoring fund expenses and allocations, tracking investment activity, managing shadow accounting records, and analyzing complex transactions such as restructurings, recapitalizations, PIK income, OID, and valuation adjustments. The position works closely with auditors, tax advisors, fund administrators, offshore teams, and internal stakeholders across Legal, Compliance, Investor Relations, Operations, Tax, and Investment teams to support reporting, audits, and operational initiatives.

 

This role is a full-time hybrid (3 days in 2 at home) position that will offer between 115K-125K base, bonus, & strong benefits. If you are interested in this opportunity, please reach out to Vincenzo Kulturides directly at vkulturides@daleyaa.com  

 

Responsibilities:

• Review fund NAVs, investor capital account statements, and financial reports prepared by third-party fund administrators 

• Support recurring monthly and quarterly close processes, including review of administrator packages, reconciliations, and supporting workpapers.

• Monitor and validate fund-level expenses, management fees, performance allocations, accruals, and other key calculations.

• Maintain internal fund data, dashboards, reporting calendars, and workpapers to track capital activity, distributions, valuation events, and recurring reporting deliverables.

• Assist in the review of capital call and distribution notices

• Support the tracking of investment holdings, cash flows, and portfolio activity across fund structures.

• Manage fund activity within the shadow accounting environment, including VPM, maintaining complete accounting records and supporting the accurate calculation of fund accruals, NAV components, and recurring fund-level reporting.

• Assist in the analysis and processing of complex investment activity, including restructurings, amendments, forbearances, recapitalizations, PIK income, OID, and valuation adjustments.

• Coordinate with offshore teams

• Coordinate with external administrators, auditors, and tax advisors 

• Support internal and external audit processes by managing timelines, organizing support, and facilitating information exchange.

• Work closely with internal teams, including Legal, Compliance, Investor Relations, Operations, Tax, Valuation, and Investment teams

• Contribute to the ongoing refinement of internal controls, processes, documentation, and review procedures related to fund operations and financial reporting.

• Participate in reporting calendar, workflow, and documentation initiatives to enhance scalability, accountability, review transparency, and control effectiveness.

• Evaluate opportunities to responsibly use AI-enabled tools and workflow automation
   

Qualifications:

• Bachelor's degree in Accounting, Finance, or related discipline.

• Minimum of 3 years of relevant professional experience, with public accounting, fund administration, asset management, private credit, private equity, hedge fund, or financial services experience preferred.

• Experience supporting recurring close, reporting, audit, fund accounting, or fund administration deliverables.

• Solid understanding of the U.S. GAAP, with a focus on investment fund accounting and financial reporting.

• CPA designation or active progress toward CPA certification strongly preferred.

• Experience working with third-party fund administrators.

• Familiarity with partnership accounting, complex fund structures, and U.S. tax considerations for investment funds.

• Exposure to debt investments and structured products, including bank loans, bonds, PIK income, OID, restructurings, amendments, and valuation adjustments.

• Experience with accounting, trade, or shadow accounting systems, including VPM, Investran, Geneva, or similar platforms.

• Familiarity with AI-enabled tools or workflow automation, with an interest in using technology

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