Fund Accounting, Private Financing Solutions, Associate

PFS Investment Partners, a part of BlackRock, is a leading global, credit-focused alternative investment manager that seeks to provide creative capital solutions and generate attractive risk-adjusted returns for our clients. We manage various strategies across the capital structure, including privately negotiated senior debt; privately negotiated junior capital solutions in debt, preferred and equity formats; liquid credit including syndicated leveraged loans, collateralized loan obligations and high yield bonds; asset-based finance and real estate. The scale and breadth of our platform offer the flexibility to invest in companies large and small, through standard or customized solutions. At our core, we share a common thread of intellectual rigor and discipline that enables us to create value for our clients. 

Department Description

The Fund Accounting team’s primary responsibility is the books and records of the HPS funds.  This responsibility includes oversight, review and reconciliation of the books and records with internal teams including Middle Office, Cash Management, and Asset Management / Valuation as well as with external, third-party fund administrators.  This responsibility includes NAV calculation and review, management and performance fees, expense review and management and capital calls and distributions.  In addition to the core books and records, Fund Accounting works closely with Legal on fund setup and operation, with Product Specialist and Investor Relations on ongoing and ad hoc analysis and with Management Company Accounting on AUM, performance and fee reporting and revenue recognition.

Position Description                                                

                                      
The Fund Accounting Associate performs an integral role within the Fund Accounting team and is responsible for review and reconciliation of the funds’ books and records, liaising with both internal HPS departments and external third-party fund administrators, reporting to a Vice President in the Fund Accounting department.  The Fund Accounting Analyst will be involved in the closing of the books including NAV review and reconciliation and partners’ capital statement review among other responsibilities.  Additionally, the Fund Accounting Analyst will be involved in fund setup and operation and ad hoc internal and investor requests.

Specific responsibilities will include but not be limited to the following:

• Monthly and quarterly closing of the funds’ books with fund administrators

• Preparation and review of partners’ capital statements

• Preparation and review of capital call and distribution calculations and notices

• Review of fund expenses for accuracy and coordination of accruals and payments

• Calculation and review of monthly investor return and NAV estimates

• Preparation and review of quarterly and annual GAAP financial statements

• Ad hoc reporting and projects

Candidate Profile

• Bachelor’s Degree in Accounting or Finance

• 5+ years of combined experience in a Fund Accounting role, and/or public accounting role supporting clients within the financial services industry (preferably within Private Credit, Public Credit, Private Equity or Hedge Funds)

• Big four public accounting experience preferred

• Chartered Accountant (or equivalent) preferred

• Strong verbal and written communication skills.

• Positive attitude and willingness to continuously learn.

• Self-motivated with the ability to work in a fast-paced environment with minimal supervision.

• Ability to consistently be attentive to detail while meeting critical deadlines and handling multiple tasks simultaneously.

• Strong organizational skills.

• Thorough knowledge of internal controls

• Ability to work with large volumes of data and maintain high levels of accuracy

Hybrid Work Schedule and Shift Timings

• 4/1 split

• This role requires working a late shift to support stakeholders across EMEA and US time zones (e.g. 2 PM to 11 PM or 3 PM to 12 AM)