Controller

The controller will facilitate the implementation of various technology systems, establishment of control environment, development of accounting/operating policies and procedures as well as compilation of such in a process manual for the newly formed team

Client Details

Our client specializes in a growing private credit strategy (approx. $3bn in AUM), focusing on financing originators of high-yield, short-duration debt, such as consumer and small business loans and receivables. Our client offers bespoke financing solutions that go beyond the traditional direct lending model, utilizing a diverse array of methods such as asset-backed credit facilities and whole loan acquisitions in addition to corporate debt and equity investments, etc

Description

• Develop a deep and thorough understanding of funds' investments, structure, operations and reporting to prepare for the new fund launch
• Facilitate launch of the 1940 Act registered private credit fund, including the implementation of various technology systems, establishment of control environment, development of accounting/operating policies and procedures as well as compilation of such in a process manual for the newly formed team
• Ensure accurate and timely submission of all public filings, including but not limited to semi -annual, annual, NPORT, N-CEN and N-CSR
• Review daily NAVs, monthly/quarterly financial reporting process, including close packages, allocations, waterfalls, and fund returns; oversee and lead discussions with vendors and third-party service providers (sub-administrator, TA, custodian, valuation firm, etc)
• Assist in producing quarterly board materials, marketing presentations, and other reporting
• Monitoring compliance with the SEC and IRS regulatory tests in coordination with legal and tax teams
• Conduct data analysis on large asset portfolios, performing data reconciliation and calculating portfolio compliance tests, such as portfolio quality and concentration ratios
• Review management and incentive fee calculations to ensure accuracy
• Assist in liquidity management including but not limited to cashflow forecasts and budgets, multiple leverage facilities oversight, credit facilities compliance monitoring
• Respond to investor inquiries regarding fund performance, NAVs, taxes, and other relevant areas
• Ensure oversight and compliance of fund credit facilities by accurately interpreting agreements and maintaining comprehensive portfolio asset knowledge
• Handle various ad-hoc requests from senior management, portfolio managers, and investor relations.

Profile

• Bachelor's or higher degree in Accounting or Finance
• 7 - 12 years accounting/finance experience; CPA preferred
• Experience with SEC reporting for Registered Investment Companies required
• Credit-related product experience required
• Experience with daily NAV funds a plus
• Exceptionally detail-oriented, organized, and resourceful
• Experience designing and implementing new policies and procedures
• Possesses excellent time management skills to meet daily deliverables; ability to work well in a high-pressure environment
• Experience managing and training staff
• Advanced excel skills preferred (macros a plus)

Job Offer

• Amazing opportunity to work for a leading Investment Management firm.
• Competitive hourly rates
• Hybrid work schedule

MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.