Financial Accountant, BDC Fund Accounting

Golub Capital; Chicago (IL); On-site; USD 72,000 - 115,000; Full time

Job summary

A leading company in private equity is seeking a Financial Accountant to join their BDC Fund Accounting team in Chicago. The role involves managing financial reporting, maintaining the general ledger, and collaborating with various teams to ensure accurate financial operations. Ideal candidates will have a Bachelor's degree in Accounting or Finance, strong analytical skills, and a passion for operational excellence.

Benefits

401(k) eligibility

Paid time off benefits

Medical benefits

Qualifications

• 1+ years of relevant experience in private equity or similar.
• CPA strongly encouraged.
• Public accounting experience is desired.

Responsibilities

• Maintaining the general ledger and optimizing automated entries.
• Preparing monthly and quarterly close packages.
• Assisting in various ad-hoc projects and requests.

Skills

Strong accounting skills

Analytical skills

Communication skills

Education

Bachelor’s degree in Accounting or Finance

Tools

Excel

PowerPoint

Workday

Job description

Financial Accountant, BDC Fund Accounting

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Department Overview

The BDC Fund Accounting Department is responsible for the financial and investor reporting associated with Golub Capital’s Business Development Companies (“BDCs”) which includes Golub Capital BDC, Inc. (NASDAQ: GBDC), Golub Capital Direct Lending Corporation, Golub Capital Direct Lending Unlevered Corporation, Golub Capital BDC 4, Inc and Golub Capital Private Credit Fund. The team provides accounting and SEC reporting for the BDCs and their subsidiaries pursuant to the governing operating and investment management agreements and in accordance with United States Generally Accepted Accounting Principles. BDC Fund Accounting also provides Golub Capital’s management companies and leadership with reporting and analysis in support of existing business and new initiatives. Key responsibilities within the group include monthly closes and ongoing maintenance of each BDC’s general ledger; preparation of monthly internal management reports, preparation of quarterly financial statements on Form 10-Q or 10-K, production of quarterly investor reporting; support of annual external audits; forecasting fund performance; setup and ongoing maintenance of investor capital accounts for Golub Capital Direct Lending Corporation, Golub Capital Direct Lending Unlevered Corporation, and Golub Capital BDC 4, Inc., and coordinating I.T. system implementations while focusing on process automation. The BDC Fund Accounting Department interacts extensively with Golub Capital’s Operations, Treasury, Tax, Investor Relations, Business Development, Compliance, Technology Solutions and Valuation Teams.

Position Information

Hiring Manager

Assistant Controller

Department

BDC Fund Accounting

Department Overview

The BDC Fund Accounting Department is responsible for the financial and investor reporting associated with Golub Capital’s Business Development Companies (“BDCs”) which includes Golub Capital BDC, Inc. (NASDAQ: GBDC), Golub Capital Direct Lending Corporation, Golub Capital Direct Lending Unlevered Corporation, Golub Capital BDC 4, Inc and Golub Capital Private Credit Fund. The team provides accounting and SEC reporting for the BDCs and their subsidiaries pursuant to the governing operating and investment management agreements and in accordance with United States Generally Accepted Accounting Principles. BDC Fund Accounting also provides Golub Capital’s management companies and leadership with reporting and analysis in support of existing business and new initiatives. Key responsibilities within the group include monthly closes and ongoing maintenance of each BDC’s general ledger; preparation of monthly internal management reports, preparation of quarterly financial statements on Form 10-Q or 10-K, production of quarterly investor reporting; support of annual external audits; forecasting fund performance; setup and ongoing maintenance of investor capital accounts for Golub Capital Direct Lending Corporation, Golub Capital Direct Lending Unlevered Corporation, and Golub Capital BDC 4, Inc., and coordinating I.T. system implementations while focusing on process automation. The BDC Fund Accounting Department interacts extensively with Golub Capital’s Operations, Treasury, Tax, Investor Relations, Business Development, Compliance, Technology Solutions and Valuation Teams.

Position Responsibilities

The candidate will join the BDC Fund Accounting Team’s mission to support a growing firm, build a best-in-class, customer focused finance team and drive operational excellence. The Financial Accountant will have primary responsibility for the accounting and reporting for one or more funds and assist in the support of various other funds, new initiatives and ad-hoc requests.

Primary Duties And Responsibilities Include

• Assisting in the accounting and financial reporting for the BDCs:
• Maintaining the general ledger and working with the Operations Team to optimize automated entries as well as controlling and minimizing manual entries
• Preparing the monthly and quarterly close package that is reviewed and distributed to senior management
• Preparing quarterly and annual forecasts
• Assisting the Investor Communications Team with the preparation of periodic capital calls, distributions and IRR statements
• Understanding the structure of the BDC including its subsidiaries and debt facilities
• Quarterly and annual debt compliance
• Completing SOX controls associated with month end close process and quarterly reporting
• Understanding private credit environment, trends and portfolio metrics
• Supporting BDC Financial Reporting Team in providing information and support for the Firm’s independent auditors
• Helping to prepare quarterly reporting materials including quarterly investor presentations
• Assisting with the launch of potential new BDCs by collaborating with team members to implement and perform the close process, preparing early reporting for upper management and document execution of controls in accordance with existing framework
• Working cross functionally with colleagues from Treasury, Operations, Tax and Portfolio Monitoring Teams as it relates to the ongoing operational and reporting needs of the BDC Fund Accounting Group
• Assisting in various ad-hoc projects and requests
  
  

Candidate Requirements

Qualifications & Experience:

• Bachelor’s degree or equivalent education required (Accounting or Finance preferred), CPA strongly encouraged
• 1+ years of relevant experience preferably in a similar business or industry (private equity / leveraged finance / hedge fund or similar)
• Public accounting is strongly desired and SEC experience is a plus
• Proficiency in Excel required, proficiency in PowerPoint, Wall Street Office, Workday or other general ledger packages is a strong plus
• Strong accounting skills and instincts
• Comfortable working in a fluid environment under the direction of various managers depending on the task at hand
• Strong analytical skills and ability to operationalize complex agreements and account for investments, incentive fee arrangements and partner allocations
• Ability to learn new concepts and technology quickly while seeking assistance from a strong and committed peer group
• Strong verbal and written communication skills
• Enthusiastic about working in office and creating a Gold Standard hybrid work culture
  
  

Critical Competencies for Success

Our Gold Standards Model defines key behaviors and competencies across 4 dimensions: Leadership, Achieving Results, Personal Effectiveness and Thinking Critically. These behaviors and competencies drive our ability to win together.

• Leadership: Role models in this area consistently focus on the right goals and priorities and continually develop themselves and others. Always team players, they influence and engage with others to contribute to a supportive and inclusive culture where all feel welcome.
• Achieving Results: Role models in this area are high achievers who develop careful plans and deliver consistently and effectively. They hold themselves and others accountable for delivering high quality results, and they remove barriers to ensure others can contribute and grow.
• Personal Effectiveness: Role models in this area build strong relationships, treat others with respect and communicate effectively. They are driven to exceed expectations and are adaptable to changing circumstances.
• Thinking Critically: Role models in this area understand our business, rely on analytical reasoning and seek diverse perspectives to solve problems. They are forward thinking, anticipating issues and addressing them in advance.
  
  

The department-specific competencies define the knowledge, skills and abilities that are needed to successfully perform the functional or technical work of this role.

• Innovative Mindset: Leverages a detailed, agile and creative mindset to master processes and responsibilities, as well as drive value-added enhancements, continuous process improvement and proactive learning through new technology, processes and people.
• GAAP and Internal Policy: Ensures deliverables and processes are executed in accordance with internal procedures, policy and Generally Accepted Accounting Principles (“GAAP”).
• Financial Analysis: Leverages financial policies, accounting principles, technology, financial analytics and other metrics to produce accurate work products and generate insights.
• Industry and Firm / Product Knowledge: Demonstrates an understanding of the Firm's position in the industry, including its products, complex structure and competitive advantage in the marketplace. Monitors industry trends and industry regulations and changes and recognizes their relevancy and implications.
• Investor Focus and Communications: Demonstrates an understanding of investor interests, deliverables and communications.
• Communication and Documentation: Documents processes and procedures and communicates in area of specialty to stakeholders. Adapts the level of detail and specificity based on the needs of the intended audience.
  
  

Compensation & Benefits

For Illinois Only: It is expected that the base salary range for this position will be $72,000 - $115,000. Actual salaries may vary based on factors such as skills, experiences and qualifications for the role. The total compensation package for this position may also include other elements and discretionary awards in addition to a full range of medical, financial and / or other benefits (including 401(k) eligibility and various paid time off benefits such as vacation, sick time and parental leave) dependent on the position offered. Details of participation in these benefit plans will be provided if an employee receives an offer of employment. If hired, the employee will be in an ‘at-will position’ and the Firm reserves the right to modify base salary (as well as any other discretionary payment or compensation program) at any time including for reasons related to individual performance, Firm or individual department / team performance and market factors.

Golub Capital is an Equal Opportunity Employer.

Due to the highly regulated nature of Golub Capital’s business and because of the sensitivity of the information that all personnel have access to, Golub Capital performs extensive and thorough pre-hire screens to ensure that its personnel act with expected levels of integrity, professionalism and personal responsibility.

Seniority level

• Seniority level

  Entry level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Accounting/Auditing and Finance

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