Acuity Knowledge Partners logo

Associate- Private Credit

4 years

0 Lacs

gurugram haryana india

Posted:1 week ago| Platform: Linkedin logo

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Skills Required

reports support portfolio communication recording transactions calculations maintenance reconciliation calculation analysis accounting processing reconciliations management excel

Work Mode

On-site

Job Type

Full Time

Job Description

Job Purpose:


As an associate in our private equity/ Debt services fund administration team, you will be responsible for administering private equity /Debt funds including preparing and reviewing financial statements and reports and providing support for investor relations activities.


Key Responsibilities:


  • Able to manage an assigned portfolio of loans, ensuring the smooth operations of the loan life cycle by interpreting loan documents and overseeing deadlines.
  • Baseline knowledge or equivalent expertise in loan servicing instruments (Term loan, Revolving loans, PIKs, Drawdown, loan restructures).
  • Facilitates communication with internal and external stakeholders, addressing conflicts and queries related to loan servicing.
  • Expertise in understanding different types of capital commitments, Investor calls and distributions notices.
  • The team is also involved in various aspects of recording and maintaining all middle and operation roles of loan cycle included trade support, trade documentation.
  • Understanding over fund agreements (Offering memorandum, Valuations statements, Side letters).
  • Preparing and review fund level financial statements including consolidated balance sheets, statements of partners’ capital, income statement, Investments.)
  • Carry out relatively high-level review over transactions surrounding PE fund such as Capital calls, distributions, carried interest calculations etc.
  • Daily IBOR Maintenance, Monthly Cash and Position Reconciliation to third Party Administrator and Quarterly Fair Value Processing.
  • Preparations of quarterly unaudited financial statements and statements of partners’ capital.
  • Calculation and Analysis of monthly/quarterly net asset value (NAV) of the fund and run waterfall model.
  • Preparation of capital call and distribution allocations upon client directives and generation of these notices (ILPA) to Investors.
  • Understanding on treatment of drawdowns, repayments, interest accruals, commitment fees, and review of instruments such as Term Loans, Delayed Draws, and Revolvers.
  • Reading the loan agreements setting up loan securities in the accounting tool IBOR and processing Borrow, Drawdown, loan Payment and Interest transactions.


Desired Experience:


  • The candidate should have a minimum work experience of 4+ years in reconciliations, Fund Accounting. Should have a sound knowledge on term loan, revolver loan, Secondary loan, drawdowns, different types of fund structures, Performance Fee calculations, management fee and excel knowledge is a must.

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Acuity Knowledge Partners logo
Acuity Knowledge Partners

Financial Services

London United Kingdom

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