Job Description

The successful candidate will take ownership and be responsible for the monitoring and oversight of various closed ended limited partnership structures in the direct lending space, liaising with the external administrators & service providers on the daily, monthly and quarterly processes and controls as well as internal stakeholders e.g. PMs to ensure smooth delivery. The candidate will report into a director, who heads a team of 7.

Responsibilities

• Review of financial statements and accounting packages for complex clients, including all supporting work papers and disclosure documents; using multi-currency at both the share class and portfolio level as well as review distribution calculations, management fees, carry interest, expenses and interest payments to the Limited Partners.
• Manage fund launch process working closely with internal teams and administrator/custodian to ensure all parties deliver on time, cover new funds prior to reallocating funds to junior team members
• Quarterly and annual investor reporting and financial modelling
• Monitor investment activity, review cash flow projections and manage liquidity requirements
• Provide support to investment teams across deal transactions and fund closing process
• Ensure fund operating expenses and budgets are in-line with documentation and perform quarterly budget reviews
• Assist with co-ordination of external audit and associated offshore entities across multiple jurisdictions
• Produce and review of board packs to attend and present at board meetings to the Directors of the funds in various jurisdictions.
• Analyze movements and trends in performance (IRRs, multiples) at asset and fund levels including the use of share class and portfolio hedging, as well as understand and apply the mechanics of multi-currency tranche level hedging gains and losses and their associated impact on returns;
• Review work and reporting produced by junior accountants, assist with developing and training new/junior accountants, identifying knowledge gaps, and provide feedback to manager - opportunity to contribute to new team build out.
• Support the sales team in responding to regular client enquiries and requests
• A commitment to delivering an exceptional service to clients, with ability to work quickly and establish effective working relationships
• Experience in ad hoc project work, system implementation/upgrade and process improvements and effecting change where needed.
• Daily cash management and co-ordination of drawings on the credit facility and from investor drawdowns (including multi-currency tranche level equalizations before the Final Closes life cycle of new funds).
• Preparation of monthly information on KRIs, in order to help senior management analyze, attribute & comment on operational performance.
• As a senior member of the team, help to build out a positive culture
• Help train team members and educate internal support teams on fund knowledge and Barings operational processes
• Keep technical, regulatory and personal skills and knowledge up to date, maintain records to evidence how this has been achieved

Required Knowledge, Skills, and Abilities

• Significant experience working in fund management on private credit and direct lending strategies, in a comparable sized organization with similar interactions and challenges of a larger business; or a smaller size manager, with more complete ownership and looking to move to a larger, multi-asset investment manager. In all cases, the day to day responsibility and oversight of a number of funds
• Proactive and ability to work with minimum supervision with the essential skill to think outside the box and see the bigger picture focusing on not only BAU but also process enhancements from a local and global perspective;
• Ability to develop and maintain relationships with key internal Barings stakeholders including direct exposure to other business lines e.g. Portfolio Managers, Sales, Legal, Compliance, Corporate functions across the organization, both in Europe and US, as well as supporting effective external working relationships through timely communications with a range of related third parties e.g. TPAs, auditors, investors.
• Significant experience of analyzing and providing query resolutions on private credit funds e.g. performing deep dives into returns and valuation movements
• Demonstrable experience of cash management and/or treasury functions e.g. cash forecasting, FX hedging requirements etc.
• Detailed understanding and interpretation of legal documentation including prospectus, Limited Partnership Agreements, Credit and other third party agreements.
• Significant experience of managing TPA relationships with a proven track record in resolving any associated operational issues e.g. KPI client service meetings, high level interactions with relationship managers etc.
• Strong communication skills both verbally and written, to liaise with Legal/Tax/PMs/Sales and other demanding stakeholders across the firm and ability to work to tight deadlines and flexible to meet workload
• Numerate with high attention to detail, accounting experience required as well as advanced Excel skills.