Fund Accountant, Private Credit

At Barings, we are as invested in our associates as we are in our clients. We recognize those who work diligently for us and reward them for personal and professional integrity, communication skills, distinct competencies and expertise in specific strategies, ability to collaborate as a team member and true dedication to the interests of our clients.

We thank you for your interest in joining the Barings team, and invite you to explore our current employment opportunities.

Barings is a leading global financial services firm dedicated to meeting the evolving investment and capital needs of our clients and customers. Through active asset management and direct origination, we provide innovative solutions and access to differentiated opportunities across public and private capital markets. A subsidiary of MassMutual, Barings maintains a strong global presence with business and investment professionals located across North America, Europe, and Asia Pacific.

Job Summary

This role will support the day-to-day operations and reporting for Private Credit Funds and fulfill other ad-hoc Projects working closely with the Client and Finance Operations team in Australia. In supporting the Funds, the candidate will be required to liaise with various internal stakeholders and service providers including auditors on operational BAUs typically monthly, quarterly and annual processes, maintaining controls and procedures, fund accounting and client reporting. Collaborating and building relations with third-party fund administrators (TPAs) is essential to ensure smooth fund operations and timely client deliverables is paramount for this role.

Primary Responsibilities

• Solid technical and working knowledge over fund oversight model, financial and fund accounting, ability to document, justify, and demonstrate complex fund financial, accounting, and fund operation matters.
• Oversee daily cash forecasting, monitoring investment activities and fund expenses, and managing liquidity requirements.
• Oversee capital call and distribution processes and working schedules and notices prepared by TPAs.
• Manage credit and leverage facility operations such as drawdown, repayment, payment process, and covenant reporting.
• Oversee quarterly NAV reporting package and its supporting schedules from TPAs.
• Oversee and approve investor statements.
• Oversee annual financial statements and its supporting schedules.
• Oversee management fee and performance fee calculations.
• Oversee fund performance metrics at both fund and asset level.
• Produce investor reporting package such as investment manager's report, portfolio details report and various ad-hoc reporting.
• Aid investment team for deal funding process to ensure timely funding.
• Ensure fund budget and expenses are in-line with fund document and expectations and payments are approved and processed in a timely manner.
• Working with various internal and external parties for the fund's external audit.
• Prepare investor reporting for them to meet their regulatory reporting requirements.
• Proactively address queries and resolve issues from both internal and external stakeholders.
• Assist in various ad-hoc projects to improve fund oversight models, processes, and controls.

We have recently transitioned to Aladdin for our in-house global reporting needs, post training:

• Review and resolve accounting exceptions sourced from Aladdin Accounting.
• Work closely with both internal partners (including, but not restricted to Private Operations, Cash Reconciliations, Transaction Management, Income & Corporate Actions) to ensure timely and accurate resolution of accounting exceptions in Aladdin.
• Follow the processes and controls set out by team management.
• Demonstrate credibility with a proven competency and knowledge of the related operational activities, as well as drive efficiency and accuracy to reduce risk in our processes.

Qualifications

• Accounting qualification required.
• 5+ years' experience in financial services.
• Recent and relevant experience covering responsibilities stated above.
• Prior experience working on closed and open-end funds/Private Credit fund accounting/administration/audit with experience in funds management, fund accounting, fund administration or fund audit.
• Experience in multi-currency reporting, hedging strategy and new fund launches.
• Proactive with the ability to work autonomously.
• Attention to detail while functioning within global processes.
• Analytical and keen problem-solving skills.
• Understanding of trial balances, reconciliations, TPA operating models and financial statements.
• Good understanding of operational risks and controls.
• Able to multitask and prioritize effectively to meet deadlines.
• Effective communication skills, both written and verbal.
• Aladdin (preferred) but not essential. Prior experience across Fund Accounting software.
• Excellent Power BI and Excel skills.

#LI-GA1

Requisite Skills

Additional Skills

Barings is an Equal Employment Opportunity employer; Minority/Female/Age/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply.