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  • Location: Orange County, CA
  • $140000 base salary
  • Type: Direct Hire
  • Job #1193
  • Salary: $140,000 - $230,000

Title: VP BDC Fund Controller
Industry: Investment Management
Location: Orange County, CA or New York, NY
Overview: Pacific Executive Search has been engaged on a search for a The Alternative Funds Finance Team is seeking to add a dynamic professional with strong investment company and alternative asset accounting experience to the Financial Control Team. This team member will be responsible for the financial control of a sub-set of private credit funds, including a BDC, and will work with the existing team to design and execute an oversight model to ensure accurate and timely financial reporting. This team member will lead the financial accounting and reporting to all internal and external constituents of this fund group. A significant component of this role will be oversight of illiquid investment activity over a diverse asset class range, including commercial and residential real estate equity and debt, bank loans, asset-backed loans and other specialty finance structured products, subordinated debt, and preferred and common equity in privately-held companies, as well as fixed income and derivative products and other unique securities. The role requires a highly proficient accountant with alternatives experience and product exposure to manage the complexities of diversified hybrid funds.

Description: **Responsibilities**
  • Oversee the monthly NAV close process conducted by the Fund Administrator, focusing on complex and illiquid asset accounting, valuation, fee and expense review, and performance reporting.
  • Manage the investment closing process for illiquid assets, involving finance, treasury, accounting, and reporting functions. Collaborate with various stakeholders, including portfolio management, tax and legal professionals, operations team, and third-party Fund Administrator.
  • Conduct analysis on fund investment pipeline and liquidity.
  • Handle fund treasury and forecast future fund cash flows for liquidity management, including capital calls, distributions, and coordination with the financing team.
  • Assist the tax and legal teams in designing and setting up investment structures for illiquid investments.
  • Effectively communicate with the Fund Administrator and other stakeholders to identify and resolve issues.
  • Contribute to managing and overseeing the Fund Administrator through SLAs/KPIs and site visits.
  • Control the fund expense process.
  • Supervise the external audit, regulatory reporting, and other financial reporting requirements.
  • Ensure completion of various regulatory, debt covenant compliance, and other reporting requirements.
  • Manage financial information for key client deliverables, including investor reports, capital statements, and annual audited financial statements.
  • Prepare and review materials for the BDC Board of Directors.
  • Utilize internal and external resources to respond to client, prospective client, and client consultant requests for information promptly and accurately.
  • Lead coordination and project management of various Alternative Funds Finance team projects and initiatives.
  • Assist with technology initiatives.
  • Conduct research on new accounting pronouncements and their impact on financial statements.
  • 9-12 years of experience in financial accounting, audit, or finance function for an alternative investment manager with exposure to credit, real estate, private equity funds, or hedge funds.
  • Ability to implement accounting and reporting for investment structures across different asset classes.
  • Desire to understand transaction process flows and requirements and develop processes to address complexities as they arise.
  • Experience with private equity and hedge fund structures.
  • Knowledge of accounting principles, including US GAAP and Investment Company Accounting.
  • Bachelor’s degree in Accounting or Finance.
  • Active or Inactive CPA license.

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