Senior Associate, Financial Reporting & Valuation Private Debt

Audaxgroup; Boston (MA); Hybrid; USD 99,000 - 155,000; Full time

Benefits offered by this job

Health insurance

Life insurance

Disability insurance

Paid time off

401(k) plan

Job summary

Audaxgroup is looking for a Senior Finance Associate based in Boston who will be responsible for financial reporting and the valuation process for Private Debt funds. This role involves preparing financial statements, coordinating capital calls, and offering support to junior team members. The ideal candidate will possess a Bachelor’s in Accounting/Finance and a CPA with at least 5 years of relevant experience in the field.

The position offers a competitive salary range of $99K to $155K along with various employee benefits.

Qualifications

• 5+ years of experience in accounting with focus on alternative investment asset managers.
• Extensive experience with Private Equity/Debt valuation.
• SEC/BDC reporting and CLO experience is a plus.

Responsibilities

• Preparation and review of financial statements for Private Debt funds.
• Contribute to the valuation process for debt and equity investments.
• Work with Investor Relations on fundraising and performance data.
• Daily cash management and reconciliation with the bank.
• Coaching and developing junior team members.

Skills

GAAP financial reporting

Effective communication

Strong organizational skills

Microsoft Office suite

Leadership skills

Education

Bachelor’s Degree in Accounting/Finance

CPA

Job description

Based in New York, Audax Private Debt is a leading debt capital partner for North American middle market companies. The firm has invested more than $42 billion in support of over 290 private equity sponsors and offers a comprehensive range of debt and equity solutions.

POSITION SUMMARY

The Senior Finance Associate is responsible for the financial reporting and accounting for Audax Private Debt based in Boston. The role is also a key contributor to the Private Debt valuation process and oversees compliance and control processes for several Private Debt Funds. The candidate will work closely with the Valuation, Investor Relations, CLO, FP&A, Tax and Senior Debt Deal teams.

RESPONSIBILITIES

• Preparation and review of the monthly, quarterly, and annual financial statements, fund level returns and investor deliverables for various Private Debt funds
• Work with the Investor Relations team in preparing fundraising materials and providing information for investor requests, including fund performance data, fee information and portfolio financial information
• Prepare monthly and quarterly MD&A on fund performance for senior management
• Contribute to the valuation process for debt, equity and CLO investments
• Review fund administrator’s work on various Private Debt funds
• Administration of assigned funds: prepare/review, coordinate, calculate capital calls and distributions
• Work with the Tax team in preparing quarterly tax estimates as well as year‑end tax allocations
• 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
• Be available to provide timely communication to internal and external stakeholders on projects when required
• Responsible for coaching and developing junior team members

COMPETENCIES

• Advanced GAAP financial reporting experience
• Effective communication skills and ability to 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 with a CPA
• 5+ years of experience, including public accounting, preferably focusing on alternative investment asset managers
• Extensive experience with Private Equity/Debt valuation
• SEC/BDC reporting and CLO experience is a plus

LOCATION

Boston, MA – 3 days/week in office (requirements may change based on business needs).

COMPENSATION & BENEFITS

For Massachusetts: The base salary range for this position is $99,000 – $155,000. The base salary range represents the estimated low and high end for this position at the time of this posting. Compensation may vary and will be determined based on skills, qualifications and experience of the applicant and the requirements of the position. 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), a 401(k) plan and other benefits.

Audax Management Co. is an equal opportunity employer.