Accel-KKR Overview

For over 20 years, Accel-KKR (“AKKR”) has been investing in mid-market software and technology enabled services firms. AKKR has brought capital, expertise and a network of relationships to our portfolio companies, enabling them to grow faster and more profitably. Throughout the years, the firm has taken a collaborative approach to working with our management teams so that, together, we can build value and help our companies reach their full potential. Today, the firm invests across four primary platforms: majority buyout equity, minority growth capital, strategic equity capital, and senior secured debt capital. The various platforms allow AKKR to provide flexibility depending on the needs of the underlying portfolio companies and their ownership structures.

About Accel-KKR Credit Partners

AKKR Credit Partners was founded in 2017 and is focused on direct lending to middle market technology companies that are either founder-owned and bootstrapped, private equity backed, or public. Opportunistically, the fund also invests in the secondary market, broadly syndicated deals, or participations in debt supporting AKKR buy-outs.

The ideal candidate has strong credit fundamentals and is knowledgeable about investing in technology companies with recurring revenue streams. AKKR’s culture is built on a strong work ethic and drive to succeed and is one that values authenticity and collaboration. The Credit Fund is looking for a seasoned mid-level candidate with an intrapreneurial spirit that will lead our portfolio monitoring and assist in managing 3-4 Associates. Must also have underwriting, sourcing, and operational skills.

Primary Responsibilities and Duties

I. Portfolio Management

· Assist in leading and training 3-4 Associates to:

Spread financial statements on a timely basis
Validate quarterly covenants and compliance certificates
Validate annual collateral compliance
Identify revenue, expense, and margin financial trends
Proactively interact with mgmt. teams (monthly or quarterly touchpoints with agendas annual in-person visits)

· Improve, or develop, processes to ensure rigorous portfolio monitoring

Borrower financial and collateral reporting is complete, received on time, and in appropriate format
Tracking loan balances, interest and principal payments

· Portfolio reviews

Send agenda and lead quarterly portfolio reviews with investment committee
Send agenda and lead semi-annual secondary portfolio reviews with investment committee

· Portfolio modifications and managed exits

Oversee Associates on term and legal negotiations for amendment, waiver, extension, modification, etc. processes
Co-lead with MD or Principal any managed exits

· Operations

Assist Associates and work with internal operations team and third-party loan administrator to ensure loans are accurately setup, tracked, and invoiced
Work with a/p team to ensure all legal fees and other expenses are properly billed to borrower or fund
Work with our Director of Tax on foreign borrowers withholding tax calculations and filings

II. Portfolio Monitoring

· Secondary coverage on ~1/3 of the portfolio; primary coverage is with the Associates

Take the lead on monthly or quarterly calls if new Associate is ramping or out of office
Advise Associate, or take lead if Associate is ramping, on term and legal negotiations for amendment, waiver, extension, modification, etc. processes

Secondary Responsibilities and Duties

III. Sourcing

Coordinate with internal sourcing team and regular mining of Pitchbook, LCD News, and syndication desks to identify qualified and actionable leads
Develop and maintain relationships with investment bankers, lenders, syndication desks, private equity sponsors, and directly with companies
Review and screening of new prospects and brainstorming on structure and terms
Routine and timely entries into CRM platform
Monitor secondary debt markets and identify potential investment opportunities

IV. Operational/Administrative

Calculate monthly leverage borrowing base, covenants, and submit reporting requirements
Assist in producing annual LP meeting and fundraising materials
Participate in the annual LP meeting as well as fundraising meetings/calls
Lead annual loan valuation with third-party valuation firm
Lead annual audit in conjunction with our internal operations team and third-party audit firm

V. Underwriting

Evaluate and screen new loan opportunities
Lead management meetings and diligence calls
Present deal opportunities to investment committee
Work with Associate on building the model / case analysis and validating assumptions
Complete business due diligence including customer calls, industry calls and financial analysis
Lead legal documentation and funding process

Position Qualifications and Skills

Solid credit fundamentals with ability to provide accurate and thorough analysis of credit risk
Familiarity with senior secured loan documents
Proven ability to build repeatable processes that improve portfolio monitoring
Advanced writing and financial modeling
Superior organizational and time management skills
Good communication skills and attention to detail
Self-motivator and ability to execute with little oversight
Alignment with AKKR’s ITRUST mission and values (https://www.accel-kkr.com/about/)
BA/BS Degree
U.S. citizen or permanent resident status

Salary

$175k - $225k/ year (Does not include annual performance bonus or other compensation benefits)

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