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
- 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.
- 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.
- 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.
- 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.
- 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.
Requirements
- Bachelor's degree and 4+ years of work experience in fund accounting (public and private mix preferred)
- CPA Preferred
- Advanced proficiency with Microsoft Excel. VBA/Macro knowledge a plus.
- Strong appreciation for technological advancement
- Process and detail oriented.
- Strong work ethic and team player
- Able to adapt and be flexible in response to an evolving business.
- Strong analytical skills