Alcentra Direct Lending Fund Accountant
Alcentra Direct Lending Fund Accountant
Miejsce pracy: Poznań
Founded in 2002, Alcentra is one of the largest European headquartered credit and private debt managers, with over $35 billion of assets under management and global expertise in Senior Secured Loans, High Yield Bonds, Private Credit, Structured Credit, Special Situations and Multi-Strategy credit.
Alcentra’s objective is to deliver strong, risk-adjusted returns that are less correlated, through a complementary suite of traditional and alternative credit strategies. In pursuing this objective, the investment strategy and approach to credit selection are based on intensive fundamental research and credit analysis, combined with active portfolio management to minimize credit losses.
The Alcentra Direct Lending Operations and Fund Accounting team are looking for an experienced and highly motivated fund accountant to join the team. The scope of the role is broad and will be suitable to someone who wants to build on their fund accounting and/or fund control experience and contribute towards the continued growth of the strategy. The successful applicant will primarily be involved with fund accounting activities on the core fund LP/GP structures but there is also the opportunity for involvement in the wide range of other activities that the Direct Lending Operations team is responsible for.
This is a fantastic opportunity to join a growing team and gain experience on a wide range of fund structures and financial instruments within the rapidly growing Direct Lending space.
Working with us, you will be responsible for:
The successful applicant will be joining a team, which is integral to continued success of the Direct Lending strategy. Applicants should be a team player, have a pro-active mindset and the ability to manage multiple workflows whilst contributing to a positive culture within the team.
The role is responsible for a portfolio of funds and the key requirements for these funds will be:
- Managing the Quarterly Reporting Cycle for a portfolio of funds. Delivery of relevant and accurate information to investors on a timely basis is a core requirement of this role :
- Working with Fund Administrators & AIFM towards meeting each of the agreed reporting deadlines and ad hoc deliverables for investors and other stakeholders.
- Quarterly NAV file preparation for a portfolio of funds. Primarily for LP / GP and master feeder structures.
- Investigate and resolve all discrepancies and reconciling differences with the administrator’s files.
- Review Financial Statements (Lux GAAP, UK GAAP, US GAAP and IFRS) and Capital Statements (ILPA) ahead of distribution to investors.
- Calculation and review of fund management and performance fees/carried interest.
- Prepare fund-by-fund KPI and performance analysis including IRR’s, MOIC, TER.
- Preparation of regulatory reporting as required by the funds.
- Fund Liquidity and Fund Control: In addition to the quarterly reporting cycle, the role will also involve:
- Managing fund liquidity through cash management & Capital Calls / Distributions.
- Maintenance of the portfolio management system – Wall Street Office.
- Review of Fund Docs (LPA, IMA, side letters etc).
- Supporting Deal Closing/Settlement team to ensure the Deals close on time
We are looking for candidates who:
- Fund Accounting Background in Private Credit.
- Experience with LP / GP structures and/or Master Feeder structures.
- Minimum of a 2.1 (or equivalent) at degree level & ACCA qualified (or equivalent).
- Minimum 3 years’ experience working as a fund accountant on either LP / GP structures.
- Demonstrate strong excel and communication skills
- Ability to manage and prioritize multiple workflows .
- Efficient Decision Making
- Strong Attention to Detail
- Flexible approach towards office / hybrid work arrangement (3 days minimum in-office)
We guarantee:
- Possibility to develop your career in a global environment
- Attractive location in the center of Poznań (New Market)
- Private Healthcare and Life Insurance
- Office gym
- MultiSport Program or MultiSport Cafeteria
- Investment Programs
- Learning resources (LinkedIn Learning, online and in-person trainings)
- Recommendation program (Employee Referral Network)
- Friendly and supportive working environment
- Participation in international projects
- Possibility to lead or support charity events
- Onsite kindergarten and creche
- Onsite canteen, discounted prices
