Assistant Controller - Private Credit Fund

• Work alongside senior investors on complex credit vehicles
• Shape a growing private credit platform with high visibility

About Our Client

The client is a well‑established, independently owned investment manager with a strong reputation for disciplined active investing and a collaborative, performance‑driven culture. They are expanding their private credit capabilities and investing heavily in people, processes, and technology to build a best‑in‑class platform with significant opportunities for impact and career growth.

Job Description

A leading global investment manager is seeking a Private Credit Controller to join its growing alternatives platform. This role plays a key part in overseeing financial reporting, NAV processes, valuations, and capital activity across private credit vehicles. You will partner closely with investment teams, operations, auditors, and third‑party administrators to ensure accurate GAAP‑compliant reporting and strong internal controls as the platform scales into more complex credit strategies.Key Responsibilities

• Oversee quarterly and annual financial reporting, including GAAP financial statements, management reporting packages, and supporting schedules.
• Review and validate NAV calculations, valuation inputs, pricing, and accruals prepared by fund administrators.
• Manage capital activity, including capital calls, distributions, investor allocations, management fees, and incentive/performances fees.
• Oversee credit‑related accounting, including interest accruals, PIK, amortized cost, fair‑value adjustments, and credit instrument lifecycle events.
• Support the preparation of regulatory deliverables such as 10‑Q/10‑K reporting for BDC‑style structures.
• Coordinate year‑end audits, acting as the primary point of contact for external auditors and tax advisors.
• Review partnership agreements (LPAs/PPMs) to ensure accurate application of waterfalls, fee terms, and capital‑account mechanics.
• Strengthen internal controls, improve processes, and help develop scalable reporting infrastructure for a growing private credit platform.
• Partner with investment teams to understand deal activity, credit facilities, borrowing base mechanics, and fund‑level liquidity.
• Collaborate cross‑functionally with operations, compliance, legal, investor relations, and administrators to ensure timely, accurate reporting.

The Ideal Candidate

• 7-12 years of experience in private credit, private equity, or alternative fund accounting within an asset manager, fund administrator, or audit firm.
• Strong technical knowledge of U.S. GAAP, credit‑instrument accounting, and valuation frameworks used for Level II/III assets.
• Hands‑on experience with NAV oversight, GAAP financial statements, footnotes, and audit preparation.
• Deep familiarity with carried interest, waterfalls, capital accounts, fee structures, and interpreting LPA language.
• Exposure to BDC reporting, 10‑Q/10‑K cycles, or regulated credit vehicles is highly beneficial.
• Proficiency with fund accounting systems such as Investran, eFront, Allvue, or Geneva.
• Strong communication skills and the ability to partner effectively with investment teams and senior leadership.
• CPA preferred (or significant progress toward CPA).
• Detail‑oriented, analytical, and comfortable operating in a fast‑paced, high‑growth alternatives environment.

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.

The Successful Applicant

The Ideal Candidate

• 7-12 years of experience in private credit, private equity, or alternative fund accounting within an asset manager, fund administrator, or audit firm.
• Strong technical knowledge of U.S. GAAP, credit‑instrument accounting, and valuation frameworks used for Level II/III assets.
• Hands‑on experience with NAV oversight, GAAP financial statements, footnotes, and audit preparation.
• Deep familiarity with carried interest, waterfalls, capital accounts, fee structures, and interpreting LPA language.
• Exposure to BDC reporting, 10‑Q/10‑K cycles, or regulated credit vehicles is highly beneficial.
• Proficiency with fund accounting systems such as Investran, eFront, Allvue, or Geneva.
• Strong communication skills and the ability to partner effectively with investment teams and senior leadership.
• CPA preferred (or significant progress toward CPA).
• Detail‑oriented, analytical, and comfortable operating in a fast‑paced, high‑growth alternatives environment.

What's on Offer

• Competitive salary ranging from $198,000 to $242,000 annually.
• Comprehensive benefits package (details to be provided).
• Opportunities for professional growth within the Financial Services industry.
• A supportive work environment in New Jersey.

This is an excellent opportunity for a skilled Private Credit Controller to make a significant impact. Interested candidates are encouraged to apply today!

Contact

Charlotte Rooney

Quote job ref

JN-022026-6948017