Staff Accountant (First Eagle Alternative Credit)

Finance Boston, Massachusetts


What we do:

First Eagle Alternative Credit (FEAC) is a leading manager of direct lending and tradable credit investments, with $20 billion of assets under management as of June 30, 2021. It offers a full range of public and private investment vehicles, including collateralized loan obligations, separately managed accounts and comingled funds. FEAC is the alternative capital platform of First Eagle Investment Management, an independent, privately owned investment management firm headquartered in New York City with $113 billion of assets under management as of June 30, 2021. Dedicated to providing prudent stewardship of client assets, First Eagle focuses on active, fundamental and benchmark-agnostic investing, with a strong emphasis on down-side protection. With a heritage dating back to 1864, First Eagle has helped its clients avoid permanent impairment of capital and earn attractive returns through widely varied economic cycles—a tradition that is central to its mission today. The firm’s investment capabilities include equity, fixed income, alternative credit and multi-asset strategies.

 

What drives us:

At First Eagle, clients come first, always. To deliver on this commitment, it is incumbent upon us to nurture an environment that both attracts, develops and retains a talented, inclusive workforce, and inspires each of our employees to do their life’s best work on behalf of our clients. Inherent in this dynamic is a culture that promotes equality, diversity and respect and holds every member of the organization to the highest standards of integrity and accountability.

 

Who we are looking for:

First Eagle is seeking a Staff Accountant for the FEAC Registered Funds business. They will be responsible for general accounting and fiscal-period closings. The successful candidate will be a team-player who also works well independently. They will be responsible for the below responsibilities and have the following qualifications for this role:

 

What you will do:

  • Collaborate with administrators on monthly and quarterly financial reporting
  • Review monthly and quarterly reporting provided by fund administrator for multiple debt funds
  • Prepare monthly and/or quarterly financial packages and annual audited financial statements for multiple credit funds
  • Monitor and review daily cash activity and manage invoice payments and accruals
  • Work with loan operations team on investment closings, payment and interest reconciliations, and portfolio reporting
  • Interact with auditors on internal controls and annual audit work
  • Prepare management fee and incentive fee calculations
  • Coordinate with performance analytics team and investor relations to provide relevant information to fund investors
  • Ad-hoc analytical projects

 

What qualities you will have:

  • Undergraduate degree in accounting or related field required
  • 2+ years of relevant work experience in public accounting or in the financial services industry
  • CPA, or progress towards obtaining a CPA, a plus
  • Highly motivated team player with a strong work ethic, willingness to roll up their sleeves and work independently
  • Excellent written and verbal communication skills
  • Strong computer skills, proficiency in Microsoft office

 

First Eagle Investment Management, LLC (FEIM) and First Eagle Alternative Credit, LLC (FEAC) is an Affirmative Action and Equal Opportunity Employer. Equal employment opportunity has been, and will continue to be, a fundamental principle at FEIM/FEAC, where employment is based upon personal capabilities and qualifications without regard to race, color, religious belief (including dress and grooming practices), sex, sexual orientation, gender identity, gender expression, age, national origin, marital status, citizenship, disability, veteran status, pregnancy, breastfeeding or medical conditions related to breastfeeding, status as a victim of domestic violence, sexual assault, or stalking, genetic information or characteristics (or those of a family member) or any other basis protected by applicable federal, state or local law.