Senior Associate Fund Accountant

Firm Overview

CIFC Asset Management LLC (together with its affiliates, “CIFC”) is a corporate and structured credit investment firm serving institutional investors globally. The firm manages over $40 billion in assets across collateralized loan obligations, corporate credit funds, structured credit funds, and separately managed accounts. CIFC’s investors include pension funds, sovereign wealth funds, endowments, insurance companies, banks and family offices. The firm emphasizes fundamental credit analysis, whereby CIFC’s highly experienced investment research team applies industry expertise and knowledge of leveraged finance to assess risk.

Summary

CIFC is seeking a Fund Accountant to join a growing Finance team. The fund accounting team works closely with operations, legal, compliance, tax, technology, and marketing on a consistent basis. The individual will also have diverse product exposure to private equity structures as well as hedge funds and co-investments, fixed income investments, and derivatives.

A successfully candidate will be mentored as the firm continues to grow and increase in complexity. Responsibilities will increase with the continued professional development of the individual.

Responsibilities

• Oversee all other matters of the fund from start to finish including: onboarding, accounts receivable and payable processes, reporting, compliance/regulatory reporting, valuation, investor requests, internal reporting requests, etc…
• Assisting the management company with quarterly consolidation of applicable funds under GAAP, working with the corporate GL system
• Responsible for Ad Hoc requests and special projects as necessary from management.
• Liaise with outside service providers (servicers, administrators, auditors, and tax consultants) and other functional areas of including Trade Operations, Investor Relations, Compliance, Legal, Tax and Investment Team.
• Review of monthly/periodic accounting records from administrator, including reconciling all trade activity (purchases and sales) to in-house Wall Street Office application, revenue, expense accruals, recalculation of management and incentive fees, and reconciling capital activities to subscription and redemption documents.
• Managing third-party administrators to provide accurate and timely deliverables (including, but not limited to, NAV, Statements, Financials, regulatory, etc.) on a periodic basis for credit-focused funds. Financial products include bank debt, warrants, and structured products (collateralized loan obligations (“CLOs”)) for credit-focused hedge funds.

Requirements

• Strong analytical skills
• Process and detail oriented
• Strong work ethic and team player
• Strong appreciation for technological advancement
• Advanced proficiency with Microsoft Excel. VBA/Macro knowledge a plus.
• Bachelor's degree and 6+ years of work experience in fund accounting (public and private mix preferred)
• Able to adapt and be flexible in response to an evolving business
• CPA Preferred