POSITION SUMMARY:The position is responsible for the financial reporting and accounting for Audax Private Debt based in
Boston. The
Finance Associate is a key contributor to the Private Debt 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 Investor Relations, CLO, FP&A, Tax and Private 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.
RESPONSIBILITIES:- Preparation and review of the monthly, quarterly, and annual financial statements, fund level returns and investor deliverables for various Private Debt funds
- Prepare monthly and quarterly MD&A on fund performance for senior management
- Review fund administrator's work on various Private Debt funds
- Prepare and review capital calls and distributions
- 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
- 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
- Work with the Tax team in preparing quarterly tax estimates as well as year-end tax allocations
- Be available to provide timely communication to internal and external stakeholders on projects when required
COMPETENCIES: - 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
REQUIREMENTS/QUALIFICATIONS:- Bachelor's degree in accounting/finance
- Working towards CPA a plus
- 2-3 plus years of experience, including public accounting, preferably focusing on alternative investment asset managers
LOCATION: Boston, MA. 3 days/week in office. These in office requirements may change based on the needs of the business.
OTHER DUTIES:For Massachusetts: The base salary range for this position is $99,000- $120,000. The base salary range represents the estimated low and high end for this position at the time of this posting. Consistent with applicable law, compensation may vary and will be determined based on but not limited to, the skills, qualifications, and experience of the applicant along with the requirements of the position, and Audax reserves the right to modify this pay range at any time. An employee may also be eligible for annual discretionary incentive compensation based on performance.
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.
This job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee. Duties, responsibilities and activities may change or new ones may be assigned at any time with or without notice.
