BDC Operations & SEC Reporting, Senior Associate/Associate Director

Barings•Charlotte, NC

2d•Onsite

About The Position

A Business Development Company (“BDC”) is a closed-end investment company that has filed an election to be treated as a BDC pursuant to the Investment Company Act of 1940. All BDCs, both public and private must file annual reports on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K as well as proxy statements. Currently, Barings LLC is the investment adviser to three BDCs, Barings BDC, Inc. (“BBDC”), Barings Private Credit Corporation (“BPCC”) and Barings Capital Investment Corporation (“BCIC”). BBDC is publicly traded on the NYSE under the ticker BBDC, BPCC is a non-traded perpetual BDC and BCIC is a private BDC. Both BPCC and BCIC are not listed but still have similar SEC and Board requirements. The financial reporting team that supports the BDCs is the liaison with our third-party fund administrator for general ledger accounting and reporting, responsible for all SEC filings, board of director meetings support, investor relations support, day-to-day operational support and other ad hoc information to support the BDCs’ Chief Financial Officer (“CFO”) & Chief Accounting Officer (“CAO”). This position is responsible for supporting the timely and accurate reporting of BBDC, BPCC and BCIC 10-Q/K with the SEC and support the CAO in the day-to-day operations of the BDCs. Position will require an analytical person who can prepare, process and review information for the inclusion in publicly filed documents with the SEC, board of director meetings and investor presentations. Position will also require a person with strong ability to multitask and juggle different work activities and shift attention from one task to another. The position will reside in our corporate headquarters in Charlotte, NC, reporting to the CAO.

Requirements

3-8 years of experience in SEC reporting, financial reporting, public accounting, fund accounting, or related accounting and finance functions.
Bachelor's degree in Accounting, Finance, or a related discipline.
Strong knowledge of U.S. GAAP, SEC reporting requirements, and financial statement preparation.
Advanced Excel skills and proficiency with Microsoft Office applications.
Strong understanding of internal controls, SOX compliance, and external audit processes.
Demonstrated ability to manage multiple priorities and meet recurring reporting deadlines.
Excellent analytical, organizational, and communication skills with a strong attention to detail.

Nice To Haves

CPA with public accounting experience preferred.
Experience supporting or preparing Forms 10-Q, 10-K, 8-K, proxy statements, and related disclosures preferred.
Experience within asset management, alternative investments, BDCs, private credit, closed-end funds, or public company reporting environments preferred.
Experience with Workiva and SEC reporting software preferred.

Responsibilities

Responsible for month- and quarter-end close review of third party administrator reports.
Responsible for SEC reporting requirements including Forms 10-Q, 10-K, 8-K and proxy filings by preparing supporting schedules and related analysis and ensuring consistency among the SEC filings.
Ensure the accurate compilation and reporting of financial data in accordance with US GAAP and SEC reporting guidance.
Support the preparation of deliverables related to the earnings release, board of director presentations and working cooperatively with BDC CFO & CAO.
Coordinate with internal and external auditors for corporate SOX requests and walkthroughs.
Work with external auditors during quarterly reviews, annual audits and interim test work.
Assist in managing external auditors' requests and schedules in order to complete quarterly reviews and annual audits in accordance with reporting deadlines, Board of Director meetings, Audit Committee meetings, etc.
Maintain disclosure checklists, reporting calendars, supporting documentation, and appropriate controls documentation.
Ad hoc support and analysis for BDC CFO & CAO.
Identify opportunities to automate reporting, strengthen controls, and improve data quality and reporting efficiency.

Benefits

Medical (including Virtual Care), Prescription, Dental, and Vision Coverage
Fitness Center Reimbursement Program (Including Online Memberships)
Employee Assistance Program (EAP)
Fertility Benefits
Highly competitive 401(k) Plan with Company Match
Health Savings Account (HSA) with Company Contributions
Flexible Spending Accounts (FSA) - Health Care & Dependent Care
Retirement Health Reimbursement Account
Basic and Supplemental Life Insurance
Spouse and Child Life Insurance
Paid Vacation, Sick Days and Annual Holidays
Paid Leave of Absences (Maternity Leave, Parental Leave, Caregiver Leave, Bereavement Time)
Short and Long Term Disability Plans
Paid Volunteer Time
Education Assistance Program
Charitable Matching Gifts Program
Commuter Reimbursement Program
Adoption and Surrogacy Reimbursement Program