Finance Associate, Co-Invest

Audaxgroup; Boston (MA); On-site; USD 72,000 - 120,000; Full time

Benefits offered by this job

Health insurance

401(k)

Paid time off

Job summary

Audax Group in Boston is seeking a professional for their fund accounting team. The role involves daily cash monitoring, capital calls, and financial reporting. Candidates should possess a BS in Management, have 1-3 years of relevant experience, and excel in interpersonal communication.

With a salary range of $72,000 to $120,000, Audax also provides comprehensive benefits including health insurance, 401(k), and paid time off.

Qualifications

• 1-3 years of professional experience in fund accounting or alternative investment operations.
• Experience with accounting software and online banking platforms.
• Strong organizational skills and the ability to meet tight deadlines.

Responsibilities

• Cash monitoring and reconciliation with bank on a daily basis.
• Prepare capital calls and distributions based on fund cash projections.
• Assist with quarterly financial reporting and provide account statements to investors.

Skills

Fund accounting

Advanced Excel

Interpersonal skills

Detail-oriented

Organizational skills

Education

BS in Management

Advanced degree or certification

Tools

Investran

Bank of America CashPro

Kyriba

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 the Audax Group website www.audaxgroup.com or follow us on LinkedIn.

POSITION SUMMARY

This team of 7 individuals is responsible for the operational, accounting, tax, and reporting aspects of the co‑invest portfolio. The role requires maintaining scalable accounting functions, completing daily, weekly, and quarterly accounting for various funds, and working closely with internal teams to provide quarterly deliverables, assist in deal‑level allocations, and fulfill other internal ad‑hoc requests.

RESPONSIBILITIES

• Cash monitoring and reconciliation with bank on a daily basis
• Record journal entries in accounting system on a daily basis for all investment activity in Co‑Invest and General Partnership entities
• Prepare capital calls and distributions based on Fund cash projections
• Communicate with investors on a regular basis to provide documents related to capital activity, tax, compliance and account statements
• Coordinate with management company team for reconciliation of payables
• Communicate directly with bank representatives to maintain accounts and provide documentation for new accounts on an ad‑hoc basis
• Assist with quarterly financial reporting and provide quarterly account statements to investors
• Use DocuSign to produce Subscription documents for the Co‑Investors
• Work with investors to complete ad‑hoc reporting requests
• Collaborate with Business Solutions team and FP&A team to implement system solutions/efficiencies in accounting systems and recurring reporting requests. Assist in testing and implementation of reporting solutions. Propose new reporting initiatives and projects as challenges arise.

REQUIREMENTS/QUALIFICATIONS

• BS in Management with an advanced degree or certification a plus
• 1‑3 years professional experience in fund accounting, alternative investment operations, or audit with primary focus on partnerships and investment
• Advanced Excel user with a high level of attention‑to‑detail
• Experience with accounting software (Investran experience a plus)
• Experience with online banking platforms and treasury management systems/applications preferred (experience with Bank of America CashPro, Kyriba a plus)
• Understanding or experience with Private Equity or other alternative investment structures preferred
• Strong organizational skills with the ability to manage and prioritize multiple workstreams in order to meet tight deadlines
• Professional individual with strong interpersonal and communication skills, with the ability to effectively engage and lead a team and colleagues
• Detail‑oriented and able to research discrepancies

Other duties: 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.

SALARY AND BENEFITS

For Massachusetts: The base salary range for this position is $72,000- $120,000.

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.

Audax Management Co. is an equal opportunity employer.