What are the responsibilities and job description for the VP, Credit Fund Controller position at Liberty Credit?
Company Overview :
Liberty SBF Manager LLC is a commercial real estate and business credit manager focusing on structured finance investments and direct lending strategies (including loan servicing). We are seeking a versatile accounting professional to join our team as Credit Fund Controller. This role requires a strong background in accounting and treasury operations, particularly in handling loan assets and managing balance sheets for specialty finance or financial services organizations.
Summary :
We are seeking a highly skilled and experienced Financial Controller to join our Finance team. This position offers a unique opportunity to contribute to the growth and success of a rapidly expanding Non-Bank Commercial Finance company. The Financial Controller will work closely with and report directly to the Director of Finance, playing a key role in the organization’s financial operations.
The responsibilities of this role will vary and may include managing critical projects such as audits, developing budget and projection models, and ensuring compliance with governmental reporting requirements.
To excel in this position, candidates must have significant experience as a Financial Controller in the United States, with a strong command of US GAAP. Familiarity or prior experience with fund accounting and / or loan accounting is highly desirable.
Responsibilities :
Closing Process Management : Oversee the monthly, quarterly, and annual financial close process, including preparing journal entries, performing account reconciliations, ensuring compliance with internal controls, and preparing consolidated financial statements in accordance with US GAAP.
- Accounting Operations : Supervise, track, and evaluate daily accounting activities, ensuring alignment with management's objectives and business priorities.
- Loan and Investment Accounting : Track and record interest income, principal repayments, and valuation adjustments for loan investments
- Net Asset Value (NAV) Calculation : Accurately calculate NAVs for funds, including valuation of portfolio investments, income accruals, and expense allocations.
- Preparation of Financial Statements : Compile and prepare monthly financial statements for multiple entities, including recording and reconciling intercompany transactions, ensuring accuracy and compliance with relevant standards (e.g., GAAP, IFRS).
- Variance Analysis : Conduct variance analyses, provide detailed explanations to management, and recommend actionable steps to address identified issues.
- Third-Party Oversight : Oversee key third-party resources to address accounting, tax, legal, equity, and compliance-related needs for the organization.
- Technical Accounting Support : Analyze applicable accounting standards, provide well-supported documentation of positions, and deliver clear recommendations and conclusions.
- Strategic Collaboration : Serve as a key cross-functional partner to the Director of Finance and other departments, contributing to strategic initiatives and preparing critical deliverables.
- Audit Management : Lead the annual GAAP audit process, including conducting ongoing risk assessments and implementing measures to mitigate audit risks throughout the year.
- Stakeholder Support : Respond to and manage investor and bank requests, ensuring timely and accurate reporting to meet external stakeholder requirements.
Key Qualifications :
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