BDC Controller

Atlantic Group; Boston (MA); On-site; USD 200,000 - 275,000; Full time

Job summary

A financial services firm is seeking a BDC Controller to manage all financial aspects of the Business Development Company. Responsibilities include financial reporting, budgeting, and ensuring compliance with regulations. The ideal candidate will have over 6 years of relevant experience, a Bachelor's degree in Finance or Accounting, and strong communication skills. This position offers a competitive salary ranging from $200,000 to $275,000 and demands expertise in alternative investments.

Qualifications

• 6+ years of experience with focus on alternative investment asset managers.
• Thorough understanding of loans and previous experience in valuations.
• Strong multitasking and prioritization skills.

Responsibilities

• Manage and oversee all financial aspects of the BDC.
• Ensure compliance with SEC and IRS regulations.
• Prepare analysis of fund performance and manage financial reporting.

Skills

Financial analysis

Regulatory compliance

Accounting principles

Interpersonal communication

Organizational skills

Education

Bachelor’s degree in Finance or Accounting

CPA (preferred)

Job description

Base pay range: $200,000.00/yr - $275,000.00/yr

As the BDC Controller, you are responsible for managing and overseeing all financial aspects of the Business Development Company, supporting the ongoing management of various direct lending platforms. This includes financial reporting, budgeting, forecasting, and ensuring compliance with financial regulations.

Responsibilities

• Drive and manage day-to-day accounting, administration, and reporting of the business development company, reporting to the CFO and senior leadership
• Prepare analysis of fund performance and key fund metrics, tracking returns and delivering regular management updates
• Lead month‑end and quarterly close process
• Monitor compliance with the SEC and IRS regulatory needs applicable to BDCs and ensure coordination with legal, compliance and tax teams
• Preparation/review of all required SEC filings including 10‑K, 10‑Q, and other financial reports
• Performing research on new transactions and new accounting pronouncements and assess their impact on financial statements
• Partnering with other internal teams, ensure consistency between accounting systems and administrator data and accurate reporting of fund investments
• Lead and manage discussion with various vendors and third‑party providers of services including sub‑administrators, custodians, transfer agents and valuation firms
• Identify and analyze daily cash activity for various fund entities and coordinate with administrator and the deal team for activities
• Verify portfolio pricing to internal model and third‑party sources
• Supervision of third‑party valuation firms on quarterly valuation process in partnership
• Coordinate with the Investor Relations team to ensure timely and accurate response to inquiries from existing and prospective investors; support marketing efforts around business development
• Collaborate with the FP&A group and provide information to develop complex analyses in support of management initiatives and quarterly valuation process

Requirements/Qualifications

• Bachelor’s degree in Finance, Accounting, or a related field
• CPA is preferred
• 6+ years of experience, including public accounting, preferably focusing on alternative investment asset managers
• Thorough understanding of loans
• Previous experience with alternative investments, BDC/Registered Funds or CLOs is a must
• Previous experience evaluating process controls, procedures, and flows
• Previous experience with valuation of illiquid and liquid assets
• Strong organizational skills with the ability to multitask and prioritize workload
• Strong interpersonal and communication skills