Senior Associate, Fund Administration (Loan Operations)

The Senior Associate, Fund Administration (Loan Operations) owns day-to-day accounting and servicing for a portfolio of private credit funds, loan facilities, and structured credit vehicles. You will process and review loan activity, prepare fund financials and investor reporting, and act as a first point of contact for clients, agents, and counterparties. This is a senior individual contributor role. You will review the work of Associates, coach them on technical questions, and partner with your manager on client delivery, process improvement, and team development.

Responsibilities

Record and reconcile loan-level activity for direct lending and private credit funds, including fundings, repayments, PIK, amendments, restructurings, and fee events; Calculate and review interest, commitment fee, and OID/discount accruals, and tie them to agent notices and borrower statements; Maintain loan positions, cost basis, and fair value inputs, and support valuation and month-end close processes; Prepare and review capital activity, including capital calls, distributions, and fund-level expenses, and support NAV calculation and monthly or quarterly financial statements; Process borrower payments and agent notices, confirm rate resets, and monitor payment due dates and covenant reporting deadlines; Track amendments, waivers, and consents, and make sure loan terms are reflected accurately in the books and records; Resolve cash, position, and interest breaks with agents, custodians, banks, and clients; Support waterfall calculations, coverage and collateral quality testing, and trustee or manager reporting for CLO and structured credit vehicles; Review reports for accuracy and completeness before they reach clients, and escalate exceptions; Serve as a day-to-day contact for clients, auditors, and counterparties, and respond to inquiries within agreed service levels; Review the work of Associates, give clear feedback, and help them build technical skills; Support audit and tax requests with schedules and documentation; Identify process gaps, document procedures, and help improve controls and automation

Requirements

Bachelor's degree in accounting, finance, economics, or a related field; 4 to 7 years of experience in fund administration, loan servicing or agency, private credit, or structured finance operations; Working knowledge of loan lifecycle events, including syndicated and bilateral loans, delayed draw and revolving facilities, PIK, and amendments; Strong grasp of US GAAP for investment companies and of fund accounting concepts such as NAV, accruals, and capital activity; Hands-on experience reconciling positions and cash, and investigating breaks to resolution; Advanced Excel skills, including lookups, pivot tables, and reconciliation models; Clear written and verbal communication, with comfort working directly with clients and agents; Attention to detail, ownership of deadlines, and sound judgment about when to escalate; Ability to work independently in a remote environment and keep core hours aligned with US time zones

Nice to have

CPA, CFA, or progress toward either; Experience with CLO or CDO trustee reporting, waterfall modeling, or collateral compliance testing; Familiarity with loan servicing and fund accounting platforms such as Allvue, Geneva, Wall Street Office, Clearpar, or Investran; Experience at a fund administrator, agent bank, or private credit manager; Exposure to SQL, Python, or workflow automation tools for reconciliation and reporting

Benefits

Health, dental, and vision care for you and your family; Life insurance; Mental wellness coverage; Fertility and growing family support; Flex Time Off in addition to company-paid holidays; Paid family leave, medical leave, and bereavement leave policies; Retirement saving plans; Allowance to customize your work and technology setup at home; Annual professional development stipend; Equity and bonus eligibility