Director, Fund Accounting

Position Type:

Reports to:
CFO & COO, Chief Economist and Portfolio Manager & Associate Portfolio Manager

Job Location:
El Segundo, CA

Position Overview
Oversight of fund accounting for existing interval fund and future fund launches, including managing third party service providers, internal accounting team and sub-advisors. Able to collaborate with other fund accountants and counsel senior management on technical accounting issues. Focus on processes and procedures that assure compliance with policies.

Essential Duties and Responsibilities
All areas of responsibility listed below are essential to the satisfactory performance of this position by any/all incumbents, with reasonable accommodation, if necessary. Any non-essential functions are assumed to be other related duties.

  • Provide immediate oversight of Griffin Institutional Access Credit Fund (Credit Fund), including accounting for foreign exchange transactions; collateralized loan obligations (CLO); non-performing loans (NPL), derivatives (SWAP, forwards, futures); and direct credit transactions.
  • Oversee placement of, or participation in the placement of, a credit facility of any type.
  • Manage coordination of audit and tax engagement.
  • Develop and implement processes and procedures to assure sound internal controls and compliance with underlying policies.
  • Act as a direct manager for Credit Fund team members. Oversee job duties, coach/mentor individual career development, and perform administrative approvals.
  • Oversee the operations and daily exception research associated with liquidity resources (lines of credit, interfund lending, total return swaps), custodian and subadvisor cash management, collateral management, and large asset transitions
  • Design and review quarterly Board of Trustees materials, other routine reports, and create and or assist with ad-hoc reports for senior and portfolio management such as Funds’ exposure to various instruments, operational impact of regulatory changes, or performance of overnight cash investments.
  • Act as department relationship contact for the Funds’ service providers. Design and enhance oversight of vendor supported programs. Vendors include sub-advisers, custodian banks, transfer agents, and securities lending agents.
  • Represent Fund Administration in cross-departmental Committee meetings, Fund Event strategy sessions, due diligence meetings, and industry conferences
  • Direct team research related to accounting guidance/treatment, derivatives exposure, sub-adviser cash management, securities lending, and other topics as requested by senior and portfolio management. Remain up to date on news and regulatory matters impacting PCS tasks and assist with policy development. Champion the implementation of industry best practices within the department.
  • Coordinate the cash management function in the review, approval, and monitoring of liquidity facilities, subadvisor cash management, and securities lending program activities
  • Structure transition strategies and project plans for fund events such as mergers, fund launches, mergers, liquidations, and large asset transitions
  • Oversee documentation required for foreign account openings, maintenance, and tax relief
  • Oversee the documentation of team procedures and workflows; identify opportunities and drive initiatives for process improvements
  • Support internal and external audits of funds and team processes
  • Work with Tax Department to ensure Funds are filing tax documents with local sub-custodians timely
  • Oversee and assure compliance with all regulatory and tax compliance requirements

Qualifications and Experience
The ideal candidate will have the following qualifications and experience:

  • Eight (8) plus years of credit fund or related experience; Investment Company (1940 Act) experience, including reporting requirements; prior experience managing an accounting team
  • Bachelor's degree (B. A.) from four-year college or university with degree or area of study in Accounting, Finance or Economics; MBA or advanced degree a plus; or equivalent combination of education and experience
  • CPA a plus
  • Strong accounting skills, especially with credit instruments
  • Investment company, registered fund experience, both accounting and reporting
  • Able to multi-task and be flexible with priorities and projects
  • Able to meet deadlines - daily NAV, reporting
  • Solid communications skills, both written and verbal with the ability to interact with internal and external partners
  • Experience with CLO, NPL, foreign exchange, derivatives and direct credit
  • Able to work with, and communicate to, senior executives in a concise and meaningful manner
  • Exposure to tax matters specific to a credit fund and investment companies (i.e. RIC)

To apply for this position, please email your resume to:

Griffin Capital Corporation is an Equal Opportunity Employer.