Senior Associate, Financial Reporting & Valuation Private Debt
About The Position
The position is responsible for the financial reporting and accounting for Audax Private Debt based in Boston. The Senior Finance Associate is also a key contributor to the Private Debt valuation process and is responsible for the compliance and control processes related to several Private Debt Funds. Private Debt invests in debt securities of middle market companies backed by private equity sponsors via a variety of different investment vehicles. The candidate will work closely with the Valuation, Investor Relations, CLO, FP&A, Tax and Senior Debt Deal teams. The ideal candidate is a self-motivated and detail-oriented team player who will thrive in a fast-paced environment and must be able to prioritize and complete all projects with precision in a timely manner. As Audax Private Debt continues to grow, the position will evolve with the direction of the business’ needs.
Requirements
- Advanced GAAP financial reporting experience
- Effective communication skills and ability interact with Senior Management and outside parties
- Strong organizational skills
- Professional and energetic attitude
- Expert knowledge of Microsoft Office suite (Excel, Word, etc.)
- Self-starter with ability to work independently and in a team environment
- Exemplary leadership skills
- Ability to work in a fast-paced environment and manage competing priorities
- Demonstrated consistency in meeting deadlines with quality work product
- Bachelor’s Degree in Accounting/Finance with a CPA
- 5 plus years of experience, including public accounting, preferably focusing on alternative investment asset managers
- Extensive experience with Private Equity/Debt valuation
Nice To Haves
- SEC/BDC reporting and CLO experience is a plus
Responsibilities
- Preparation and review of the monthly, quarterly, and annual financial statements, fund level returns and investor deliverables for various Private Debt funds
- Work with the Investor Relations team in preparing fundraising materials and in providing information for investor requests, including fund performance data, fee information and underlying portfolio financial information
- Prepare monthly and quarterly MD&A on fund performance for senior management
- Contribute to the valuation process for debt, equity and CLO investments
- Review fund administrator’s work on various Private Debt funds
- Administration of assigned funds: prepare/review, coordinate, calculate capital calls and distributions
- Work with the Tax team in preparing quarterly tax estimates as well as year-end tax allocations
- Track and update the portfolio of investments for the various Private Debt funds
- Track interest payment receipts across portfolio team
- Daily cash management, monitoring, and reconciliation with the bank
- Take a lead role with the firm’s outside auditor in preparation/review of year-end audited financials
- Be available to provide timely communication to internal and external stakeholders on projects when required
- Responsible for coaching and developing junior team members
Benefits
- Audax offers a wide range of employee benefits, including health insurance, life insurance, disability insurance, paid time off (including sick leave, parental leave, volunteer leave, and vacation), charitable donation match, family support services (including Bright Horizons and Benefit Advocate Center), and a 401(k) in addition to other benefits.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Number of Employees
251-500 employees
