Associate, Private Debt Finance

Audaxgroup; Boston (MA); Hybrid; USD 99,000 - 120,000; Full time

Job summary

Audax Group is seeking a Finance Associate in Boston to handle financial reporting and accounting for Audax Private Debt funds. You will prepare statements and MD&A, and work with Investor Relations, Tax, and FP&A teams to ensure accuracy and timely delivery.

The role requires a Bachelor’s degree in accounting/finance and 2–3+ years of experience, with CPA candidacy a plus. 3 days/week in office in Boston, with opportunities to grow as the private debt business expands.

Qualifications

• Bachelor’s degree in accounting/finance required.
• 2–3+ years of experience, including public accounting, preferably in alt investment asset managers.
• Working towards CPA a plus.

Responsibilities

• Prepare and review monthly, quarterly, and annual financial statements for Private Debt funds.
• Prepare MD&A on fund performance for senior management.
• Track and reconcile capital calls and distributions for funds.
• Coordinate with Investor Relations, Tax, and FP&A teams.

Skills

GAAP reporting

Communication

Organization

Leadership

Microsoft Office

Independence

Deadline management

Education

Bachelor's degree in accounting/finance

CPA candidate a plus

Tools

Microsoft Excel

Microsoft Word

Job description

Founded in 1999, Audax Group is a leading alternative investment manager with offices in Boston, New York, San Francisco, London and Hong Kong. With approximately $42 billion of assets under management and more than 475 employees, Audax is a leading capital partner for middle market companies, operating through three business lines: Audax Private Equity, Audax Private Debt, and Audax Strategic Capital.

For more information, visit www.audaxgroup.com or follow Audax Group on LinkedIn.

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.

Audax Management Co. is an equal opportunity employer.

Please note that Audax Group and its affiliated entities do not accept unsolicited resumes from a third-party recruiting agency not currently under a signed agreement. Any unsolicited resume that is sent to directly to Audax Group or one of its affiliated entities, or its employees, including those submitted to hiring managers by a third-party recruiting agency not currently under a signed agreement, will be considered property of Audax Group. Any third-party recruiting agency submits a resume without an agreement, Audax Group or its affiliated entities explicitly reserves the right to pursue and hire those candidate(s) without any financial obligation to the third-party recruiting agency. Any third-party recruiting agency should contact either a member of the Talent Acquisition or Human Resource team at Audax Group, in conjunction with a valid, fully executed contract for service based upon a specific job opening.