What are the responsibilities and job description for the Senior Fund Accountant, Private Credit position at RA Capital?
RA Capital Management is a multistage investment manager dedicated to evidence-based investing in public and private healthcare and life science companies developing drugs, medical devices and diagnostics. Our flexible strategy allows us to provide seed funding to start-ups and lead private, IPO and follow-on financings for our portfolio companies, thereby driving value creation from idea inception through commercialization. As we expand our equity investment expertise into private credit, we are launching our first commitment-based private credit strategy fund in 2025. We are seeking a Senior Fund Accountant to join our private credit finance team, reporting directly to the Controller. This role combines dual responsibilities: supporting our commitment-based funds while taking the lead on critical financial reporting initiatives.
Key Responsibilities:
- Manage month-end/quarter-end/year-end process with fund admin including fund NAV cals, PCAPs generation.
- Maintain full internal shadow coverage on JE (Enfusion), NAV & allocations (carried interests, management fee, waterfall. Calculate and verify interest and dividend income accruals, payment in kind (PIK) interests, fee interests and other investment-related income
- Coordinate investor capital account activities with admin/service providers: planning of capital calls, distributions, managing transfers
- Collaborate with IR team on investor communications & fundraising activities as needed
- Monitor loan covenant compliance; maintain documentations for loan restructuring and amendments
- Perform cash control procedures and assist in managing banking relationships
- Assist in credit-specific valuations, including valuations in complex bilateral loans & illiquid equity instruments
- Assist in regulatory reporting /SEC filings (Form PF, Form ADV, 13F, 13D/G, etc.)
- Support year-end audit effort with external auditors across interim and year-end periods; assist in tax filings (K-1 review)
- Maintain detailed tracking of portfolio performance metrics and assist in analysis and ad hoc reporting
- Participate in team projects as needed
Qualifications:
- Bachelor’s degree required; MS education preferred; CPA a plus
- 4 years of progressive accounting experience, with significant exposure to private credit & closed-ended funds. Big 4 experience preferred but not required. Experience at credit funds strongly preferred.
- Deep understanding of bilateral loan structures, credit documentation, and fund waterfall calculations
- Strong knowledge of fair value measurements and financial reporting for credit & illiquid investments
- Advanced Excel modeling skills, particularly in developing waterfall models and loan tracking systems
- Proficiency in major fund accounting, loan admin, investor reporting systems; experience with Enfusion, Geneva, Partners (Global Wealth Investors), Precision LMS is a plus
- Experienced in smaller, entrepreneurial companies with a focus on results
- Ability to work independently, both under supervision and as a contributing team member
- Detailed orientation with exceptional organizational skills
- Strong analytical and problem-solving skills
- Ability to work a hybrid schedule in our Boston headquarters
