Assistant Fund Controller, Private Credit

Business Unit: Global Portfolio Services

Location: Charlotte, NC; Chicago, IL

Barings is a leading global financial services firm dedicated to meeting the evolving investment and capital needs of our clients and customers. Through active asset management and direct origination, we provide innovative solutions and access to differentiated opportunities across public and private capital markets. A subsidiary of MassMutual, Barings maintains a strong global presence with business and investment professionals located across North America, Europe, and Asia Pacific.

Job Summary

Barings’ Global Client Operations team has an opening for a motivated individual who would like to join our team of financial professionals. This individual will be responsible for oversight of multiple portfolios, client reporting and providing support to both internal and external clients. The candidate may at times support multiple assets classes under the private investment platform, which includes Private Credit, Real Estate Equity, Real Estate Debt, Private Equity and Funds and Co-Investments.  The ideal candidates will have broad accounting expertise as well as be knowledgeable of operational best practices.  Our teams consist of highly skilled CPAs, MBAs, and CFAs who are expected to provide accurate, timely, and efficient services.  This individual will be responsible for the following areas:

Primary Responsibilities

• Private credit fund accounting expertise

• Strong understanding of NAV calculation, capital accounts, income allocations, and fee mechanics for private credit funds (open- and closed-ended).

• Complex fund structures experience

• Ability to support multi-entity, multi-currency, and feeder/master structures, including coordination across administrators, auditors, and internal stakeholders.

• Financial reporting and close management

• Proven ability to manage quarterly closes, review financial statements, and ensure accuracy and timeliness under tight deadlines.

• Strong control mindset and attention to detail

• Demonstrated focus on controls, reconciliations, issue identification, and resolution to mitigate operational and reporting risk.

• Systems proficiency

• Experience working with fund accounting platforms and data tools, with the ability to navigate, review, and validate outputs from complex systems.

• Stakeholder communication skills

• Ability to communicate clearly with portfolio managers, administrators, auditors, and internal teams to resolve issues efficiently.

• Ability to operate independently

• Comfortable owning funds or processes end-to-end with limited supervision while knowing when to escalate issues appropriately.

• Oversee daily cash forecasting, monitoring investment activities and fund expenses, and managing liquidity requirements.

• Oversee entire capital call and distribution process and working schedules and notices prepared by TPAs.

• Work effectively with third party service providers

• Maintain the general ledger and various sub-ledgers, where applicable

• Prepare and review trial balances

• Assist with the quarterly close process

• Manage and monitor the timing and quality of client deliverables

• Manage workflow for capital calls and distributions

• Production of client reports (month/quarterly cycles)

• Produce account level financial performance metrics

• Interact with senior management, portfolio management team and investment analysts

• Proactively communicate and coordinate with various internal groups

• Interact with pricing team on valuations and price analysis

• Assist in various ad-hoc projects to improve fund oversight models, processes, and controls.

Qualifications

• 2-7 years of experience in fund accounting and preparation of financial statements is preferred.

• Project management skills with attention to detail and proven ability to multi-task

• Bachelor’s degree in Accounting preferred, (CPA designation preferred)

• Strong written and verbal communication skills

• Working knowledge of Excel and Word essential, Investran experience is a plus

• Experience with fund launches

• Prior involvement in launching new funds, including onboarding administrators, setting up reporting processes, and supporting initial closes.

• Exposure to leverage and financing structures

• Familiarity with subscription facilities, portfolio-level leverage, borrowing base mechanics, and related reporting.

• Process improvement mindset

• Interest in improving workflows, documentation, and controls as the platform scales, including automation and standardization where possible.

• Prior closed-end fund experience is desirable and ideally experience was gained in fund management, fund accounting, fund administration, or fund audit.

• Experience in private credit and infrastructure debt are highly desirable.

• Extensive experience in multi-currency equalization, hedging strategy, and new fund launch are highly desirable.

Base Salary Range: $95,000- 130,000 plus additional incentive program. (Salary will vary on experience level, location and skill set)