Senior Finance Associate - Accounts Recievable

Bain Capital•Boston, MA

38d•$85,000 - $95,000

About The Position

The Senior Finance Associate, as a member of the Corporate Finance team, is primarily responsible to own the process of allocating and invoicing private equity deal related costs between the Advisor and the private equity funds. The Senior Finance Associate shall develop and use subject matter expertise to manage and execute all aspects of the process, including the following key tasks:

Requirements

3-4 years of FP&A or accounting experience preferably in the financial services industry
Bachelors degree in Finance or Accounting with a strong academic background
Self-starter with strong project management and follow-through skills. Works well independently.
Excellent organizational skills. Ability to effectively prioritize with a high attention to detail.
Highly analytical and with strong problem-solving skills. Ability to use own initiative and take responsibility for decisions and solutions
Strong interpersonal and communication skills (email and verbal) with ability to interact with all levels
Strong Excel skills; experience with Anaplan and/or Workday a plus

Responsibilities

Act as lead business owner and main point of contact for the end-to-end cost allocation and invoice processes; responsible for all deliverables including the accuracy of all calculations and the completion of supporting tasks and schedules
Work closely with key stakeholders (Global teams including Corporate Finance, Business Unit Finance, PE Operations, Compliance, Tax and Investment professionals) on points impacting the cost allocation and invoice processes
Allocate dead deal costs and transaction fees between Advisor, private equity funds, business units, and outside parties using various data sources
Prepare and deliver the fee and cost sharing invoices to the private equity funds, including supporting calculations and transaction detail
Perform detailed and analytical reviews for accuracy of costs and allocations using the cost allocation system, general ledger and deal tracking system; research, resolve and document any discrepancies
Use the cost allocation system throughout procedures to complete monthly system tasks, prepare reconciliations, input of data updates, review results, complete fund sharing calculations, compile invoices and for reporting deliverables
Communicate with internal teams and outside service providers to prepare and deliver monthly and ad hoc reporting, field inquiries and provide additional explanations and data as needed
Understand the private equity investment life cycle, prescribed cost sharing methodologies, limited partner agreement provisions, and tax guidance in order to ensure compliance throughout all processes
Review and reconcile relevant general ledger transactions monthly
Work closely with Corporate Finance team members for private equity deal-related costs, invoices, and reimbursements, coordinating proper cost sharing treatment, accurate general ledger coding, journal entry posting, and invoicing outside parties
Calculate cash forecast estimates, accrual estimates and prepare journal entries as needed
Demonstrate use of internal controls by thoroughly documenting review and results
Responsible for the cost allocation system to ensure its design, performance and calculations are correct in order to meet operational needs; working closely with IT to resolve system related issues and to implement enhancements and new functionality
Oversee Corporate Finance Associate in the preparation of portfolio company invoices on a quarterly basis
Oversee Corporate Finance Associate in the preparation of fund invoices on a quarterly basis
Develop and refine essential procedures as business needs evolve
Opportunities for additional responsibilities where performance allows