What are the responsibilities and job description for the Jr. Fund Accountant position at CIFC Asset Management?
CIFC Asset Management LLC (together with its affiliates, “CIFC”) is an alternative credit specialist offering investment solutions across CLOs, corporate, structured, opportunistic credit and direct lending. The firm currently manages over $45 billion in assets and employs more than 200 professionals in the U.S. and Europe.
Role Overview:
We are seeking a highly motivated and detail-oriented fund accounting analyst to join our dynamic fund accounting team. This is a unique opportunity for a candidate with 2-3 years of experience. The successful candidate will be mentored and given increasing responsibility as the firm continues to grow in scale and complexity.
Key Responsibilities:
- Preparation of monthly closes for funds or reconciliation of shadow books and records with the fund administrators.
- Involved in all aspects of NAV reconciliation. Including capital activity processing, cash and position reconciliation, P&L reconciliation, manage treasury/cash needs, fund expense accrual, invoicing and collections, fee/waterfall calculations, reconciliation and data maintenance in in-house systems
- Review daily performance and assist in preparing performance metrics or other ad hoc fund related information for committees/board meetings and/or senior management.
- Support the monthly and quarterly close of the firm’s fees, investment gain/losses, and NAV pursuant to management reporting and GAAP.
- Liaise with off-shore resource team daily and participate in automation and system implementation initiatives/projects.
- Liaise directly with external auditors to support the completion of annual audits.
- Engage in ad hoc projects and cross-functional initiatives across the finance team.
Qualifications:
- Bachelor’s degree in Accounting, Finance, or Economics.
- 2-3 years of experience of relevant experience
- Active CPA designation preferred, but not required.
- Proficiency in Excel is a must
- Excellent analytical, organizational, and communication skills.
- Ability to multi-task, work independently, and meet tight deadlines.
- Exposure to alternative investment funds (credit, private equity, real estate).
- Experience with financial statement preparation and audit coordination.
- Interest in process improvement and technology-driven solutions.
- 3.0 GPA or higher
Hybrid Schedule:
Monday- Thursday: In office
Friday: Remote