Finance Associate - GP

3M HEALTHCARE; Boston; On-site; PHP 4,926,108 - 5,233,989; Full time

Job summary

Bain Capital is seeking a General Partner Group professional to support the operations and administration of the firm’s partnerships. You will handle cash management, capital calls and distributions, and lead fair market value reporting across GP entities, interfacing with fund accounting, tax, legal, and other teams.

The role requires a bachelor’s in accounting or finance, 1–2 years in financial services accounting, and strong Excel/ MS Office skills.

Qualifications

• 1–2 years accounting experience in financial services.
• Bachelor’s degree in Accounting or Finance.
• Strong ownership and follow-through skills.
• Excellent project management and organizational abilities.
• Advanced MS Office, especially Excel.
• Ability to handle confidential information with discretion.

Responsibilities

• Oversee cash management and capital calls for partnerships.
• Manage cash distributions and reconciliations.
• Prepare quarterly and annual fair market value reporting.
• Prepare quarterly tax estimates and tax books for partnerships.
• Post journal entries into Investran and other systems.
• Respond to investor inquiries and prepare reports for GP investors.
• Collaborate with Finance teams and grow responsibilities over time.

Skills

Accounting

Financial services

Excel

Education

Bachelor's degree in Accounting or Finance

Tools

Investran

Job description

BAIN CAPITAL OVERVIEW

With approximately $215 billion of assets under management, Bain Capital is one of the world’s leading private investment firms. We create lasting impact for our investors, teams, businesses, and the communities in which we live. Over four decades we have strategically grown our platform to focus on Private Equity, Growth & Venture, Capital Solutions, Credit, and Real Assets. Today, our team includes 1,985+ employees in 24 offices on four continents. We partner differently to help people and companies embrace possibility and realize potential. Founded as a private partnership in 1984, we have fostered a culture of innovation, entrepreneurialism, and agility, empowering our people to define and own their career trajectories. Today, our partnership approach enables us to pursue strategic growth, build enduring relationships with a robust external network, and collaborate across our integrated platform to connect the deep and diverse expertise that unlocks breakthrough insights. Our people are the heart of our advantage. Colleagues at all levels have a seat at the table as they tackle business challenges with a principal investor mindset. By asking incisive questions, respectfully challenging one another, and remaining intellectually agile, we work together to achieve exceptional outcomes.

GENERAL PARTNER GROUP

The General Partner Group is responsible for the operational, accounting, tax, and reporting aspects of each of the general partner entities. These entities invest across all of the firm’s business units giving the team the unique opportunity to gain exposure throughout the company. Members of the team also regularly collaborate with several internal departments, including fund accounting, tax, legal, compliance, HR, corporate, and IT, as well as third-party service providers such as the firm’s tax advisors.

KEY RESPONSIBILITIES

• Operations and administrative activity of the partnerships, including cash management, capital calls, cash distributions, cash reconciliations, bank account openings and related regulatory requirements
• Carry, vesting, and profit/loss allocations to the partners and members of the General Partner entities
• Quarterly and annual fair market value reporting, including supporting documentation for capital accounts, trial balances and other financial reconciliations
• Quarterly tax estimates and annual tax books and reporting for the partnerships
• Cash, book and tax journal entries into Investran, the third party portfolio management and accounting software
• Assist in generating responses to investor inquiries and requests for information
• Create reports for GP investors including fair market value, tax basis activity, and partnership investment reports
• Interact with other teams within Finance to determine appropriate treatment of transactions and investment earnings
• Work with all levels from Associates to Partners on projects to enhance the performance of the team, department, and firm
• Opportunities for additional responsibilities where performance allows

GENERAL QUALIFICATIONS

• 1-2 years accounting experience in the financial service industry, with a solid understanding of investment partnerships preferred
• Reliable and collaborative team member with strong sense of ownership and follow-through skills
• Excellent project management and organizational skills; ability to effectively prioritize multiple projects with high attention to detail
• Creative problem solving ability and sound judgment; ability to use own initiative and take responsibility for decisions and propose solutions
• Strong interpersonal and communication skills with capacity to interact with all levels
• Enjoys working in a service environment and understands the demands of a high paced, high quality firm
• Ability to handle highly confidential and sensitive information with discretion
• Works well independently and capitalizes on opportunities to learn and grow
• Advanced MS Office, particularly Excel

DESIRED BACKGROUND/EDUCATION

Bachelor’s degree in Accounting or Finance; Public accounting, partnership and/or financial services experience a plus, but not required.

Compensation

Expected Annual Base Salary $80,000 – 85,000

Bain Capital is an equal opportunity employer. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or Veteran status.