Senior Associate, Private Debt Financial Reporting

Audax Private Debt; Boston (MA); Hybrid; USD 99,000 - 140,000; Full time

Job summary

Audax Private Debt in Boston, MA is seeking a Senior Finance Associate to lead financial reporting and fund-level accounting for multiple Private Debt funds. You will collaborate with Investor Relations, CLO, FP&A, Tax and deal teams to ensure accurate and timely reporting and compliance.

The role requires a self-motivated, detail-oriented team player who can thrive in a fast-paced environment, support external auditors, prepare MD&A, capital calls, distributions, and investor materials.

Qualifications

• Bachelor’s degree in accounting/finance with CPA required.
• 3–5+ years of experience, preferably in asset management or private debt.
• SEC/BDC reporting and CLO experience is a plus.

Responsibilities

• Prepare and review monthly, quarterly, and annual financial statements and fund-level returns.
• Prepare monthly and quarterly MD&A on fund performance for senior management.
• Review fund administrator’s work on Private Debt funds.
• Prepare and review capital calls and distributions.
• Track portfolio investments and interest payments.
• Daily cash management, reconciliation with banks.
• Coordinate with external auditors for year-end audits.
• Support investor materials and quarterly tax estimates.

Skills

Advanced GAAP reporting

Effective communication

Strong organizational skills

Professional and energetic

Microsoft Office proficiency

Self-starter

Leadership

Deadline-driven

Education

Bachelor’s degree in accounting/finance with a CPA

Tools

Microsoft Excel

Word

Job description

The position is responsible for the financial reporting and accounting for Audax Private Debt based in Boston. The Senior 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 prioritiesDemonstrated consistency in meeting deadlines with quality work product

REQUIREMENTS/QUALIFICATIONS

• Bachelor’s degree in accounting/finance with a CPA
• 3-5 plus years of experience, including public accounting, preferably focusing on alternative investment asset managers
• SEC/BDC reporting and CLO experience is a plus

LOCATION: Boston, MA. 3 days/week in office

OTHER DUTIES

For Massachusetts: The base salary range for this position is $99,000- $140,000. 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.