StepStone is a rapidly growing Global Private Markets firm who provides customized investment and advisory solutions to some of the most sophisticated investors in the world. With $640 billion of total capital allocations, including $143 billion in AUM, we are highly diversified in the private markets across the globe and provide creative solutions to solve for the objectives of any investment program.  With a culture built on entrepreneurialism, partnership and being a team within teams, our firm offers joiners the opportunity to think out loud, collaboratively.

Position Overview

This role will oversee the day-to-day work of the StepStone fund accounting team related to US Private debt funds. It will also include the review of the loan and fund administrators for these funds. The role will be directly responsible for the monthly close process and the loan portfolio accounting for all US private debt funds.

Essential Job Functions and Responsibilities

• Review daily position and cash reconciliations prepared by Administrator
• Prepare position and cash reconciliations for internal system and monitor and review consultants as they prepare.
• Review of internal transaction booking by consultants and fund accounting teams
• Review and help maintain additional loan security data in required for valuations as it is received
• Assist with updating quarterly portfolio company reporting
• Work with valuation specialists to run the valuation engine each week as data is received and load prices
• Review and test administrator contract data and interest accruals daily
• Support all position data to notices
• Support contract data to notices
• SALT tax accrual calculations
• Analytic review of amort and interest
• Review of significant loan modifications for tax gain loss
• Sarbanes Oxley documentation support
• Assist in preparing valuation committee materials
• Work with 3rd party valuation firms to complete reports
• Create draft RIC compliance files
• Calculate draft dividend amounts and review by investors
• Prepare QII calculations and withholding estimates
• Review Administrator/TA statements for investors
• Subscriptions/Redemptions reconciliation to statements and cash
• DRIP and Tender calculations
• Prepare monthly 8ks
• Review 10Q/Ks
• Assist in board reporting package preparation

Personal Skills:

• Professionally communicate with all levels of staff, as well as clients and investment team personnel.
• Utilize effective time management skills to maintain a commitment to quality and attention to detail; ensure that all work is completed accurately and on time.
• Foster a sense of teamwork, assisting others when needed/required, and collaborating with colleagues across asset classes to ensure consistency of StepStone approach and best practices.
• Flourish in a challenging, fast-paced, and professional environment with frequent shifts in priorities as business needs dictate.
• Have a strong sense of integrity, behaving consistently with expressed values and ethical principles of StepStone.
• Focus on specific goals and demonstrate a sense of personal growth, accountability and urgency for achieving results.

Education and/or Work Experience Requirements

• Must have experience in accounting for funds with a credit strategy.
• Four-year college degree
• Minimum of five years of experience as an accountant, public accountant, fund administrator, or auditor.
• Ideal candidates have experience with SEC registered credit vehicles like BDCs

Salary Range - $140,000.00 - $200,000.00

The salary range is an estimate of pay for this position.  Actual pay may vary depending on job-related factors that can include location, education, skill, and experience.  The salary range does not include any benefits or other forms of possible compensation that may be available to employees.

About us

Working out of 26 offices in 15 countries, StepStone has a truly global viewpoint.  As people are our biggest asset, we offer resources to help our employees reach their full potential.  Our principles are based on integrity, transparency, respect and creativity, which together define how we do business.  

Join us

When you choose to work at StepStone, you'll find a group of professionals who are passionate about anticipating changes, solving problems and working together to make it all happen. Our integrated global team shares insights into how managers think and operate, as well as how they might perform.  

StepStone offers a competitive compensation package including salary and incentive compensation for all full time hires, as well as a comprehensive benefits package.

Benefits

We offer a range of benefits which include comprehensive healthcare, strong retirement plan, a mental health well-being program, paid time off, student loan repayment program for our US office locations, and several wellness initiatives.

Disclaimer / Policy Statements

At StepStone, diversity, equity and inclusion are an integral part of our culture. We are an Equal Opportunity Employer that strives to create an inclusive environment that empowers our employees and allows them to be heard, regardless of title or tenure.  Our organizational community features multiple Employment Resource Groups representing our dedication to Diversity, Equity & Inclusion.  

As an Equal Opportunity Employer, StepStone does not discriminate on the basis of race, creed, color, religion, sex, national origin, citizenship status, age, disability, marital status, sexual orientation, gender identity, gender expression, genetic information or any other characteristic protected by law.

Developing People at StepStone

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