What are the responsibilities and job description for the Controller/Director of Finance (Private Credit) position at Coda Search│Staffing?
Our client is a Private Investment Firm based in NYC currently seeking to add a talented Director of Finance/Controller to their growing Accounting and Finance Team, this position will straddle the following responsibilities; Tax, Reporting, Accounting and Financial Operations, reporting directly to CFO.
About the job
Responsibilities
- Oversee staff in New York and Boston, with direct reports providing capital calls, waterfall distributions, quarterly and annual financials statements with related workpapers, and other ad-hoc projects
- Manage and oversee close process and financial reporting for BDC, collaterized loan obligation (CLO) portfolios and variable interest entities
- Responsible for financial reporting process, including but not limited to monthly performance estimates, close packages/NAV, allocations, waterfalls and fund returns
- Develop and lead annual budget and forecast process
- Strike NAV quarterly in order to provide periodic liquidity and investing
- Perform financial statement preparation, cash and position reconciliations, entering income/expense accruals, preparing capital allocation schedules, and sending investor correspondence regarding account balances
- Assist in cash management forecasts and budgets along with debt facility oversight to establish capital available for investment.
- Collaborate with CFO/Controller on preparation of firm reporting and intracompany reconciliation process
- Oversight and compliance of fund credit facilities by accurately comprehending and interpreting the agreement, while maintaining a thorough knowledge of the assets in the portfolio
Qualifications
- Minimum 10 years of experience in accounting function in fund accounting and/or auditor roles
- Bachelor of Science Degree in Accounting and CPA
- Understand fair value accounting for alternative asset classes
- Experience with fund accounting / financial reporting for alternative asset manager including BDC’s, multi-investor vehicles, and CLO’s
- Experience in, or exposure to, middle market lending and private equity activity including first lien and junior capital types of structures
- Knowledge of structuring and launch of new asset classes/vehicles. Assist in risk management
- Team player with excellent relationship building skills
- Experience with finance company accounting and private credit funds
- Proficient in Microsoft Office applications, advanced Excel skills
- Experience using and/or developing data warehouses desired
- Excellent analytical and problem-solving skills with the ability to work under pressure and meet tight deadlines in a changing environment with a high level of flexibility
Salary : $300,000 - $500,000
