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Finance Associate, Private Debt

Boston, MA

Audax Group is a leading alternative investment manager with offices in Boston, New York, San Francisco, and London. Since its founding in 1999, the firm has raised over $40 billion in capital across its Private Equity and Private Debt businesses. With more than 400 employees and approximately 180 investment professionals, the firm is a leading capital partner for North American middle market companies. For more information, visit the Audax Group website www.audaxgroup.com.

POSITION SUMMARY:

The position is responsible for the accounting and reporting for Audax Senior Debt. The candidate is also responsible for the compliance and control processes related to several Private Debt Funds. Senior Debt invests in debt securities of middle market companies backed by private equity sponsors via a variety of different investment vehicles. The candidate will provide financial support to Senior Debt, FP&A, Tax, and Investor Relations teams through the timely and accurate completion of investment and financial reporting, compliance with accounting standards and legal requirements, and review of financial and operational controls.

The ideal candidate is a self-motivated and detail-oriented team player who will thrive in a fast-paced environment. In this role, the candidate has a “can do” attitude, and must be able to prioritize and complete all projects given to them by their deadlines while ensuring each one is completed according to the guidelines. As Audax Senior Debt continues to grow, the position may evolve with the direction of the business’ needs.

 

RESPONSIBILITIES:

  • All accounting, reporting and compliance of certain Senior Debt funds
  • Responsible for coaching and developing junior team members
  • Calculate fund level returns and communicate the funds’ performance to the Investor Relations team
  • Prepare monthly and quarterly MD&A on fund performance for senior management
  • Administration of certain funds: prepare/review, coordinate, calculate capital calls and distributions
  • Review fund administrator’s work on various Private Debt funds
  • Account for daily activity in general ledger and portfolio accounting system
  • Track and update the portfolio of investments for the various Private Debt funds
  • 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
  • Exhibit resolved demeanor when working with compressed deadlines
  • Work cooperatively with team members toward a shared goal
  • Be available to provide timely communication to internal and external stakeholders on projects when required
  • Independently manage competing timelines and priorities accordingly on engagements

 

COMPETENCIES: 

  • Self-starter with ability to work independently and in a team environment
  • Strong leadership skills
  • Ability to work in a fast-paced environment
  • Ability to adapt in a dynamic environment and manage competing priorities
  • Demonstrated consistency in meeting deadlines with quality work product
  • Effective communication skills and ability interact with Senior Management and outside parties
  • Strong organizational skills
  • Professional and energetic attitude

 

QUALIFICATIONS/EXPERIENCE: 

  • Master’s degree in accounting
  • 3+ years of related experience including experience with financial reporting, 4+ years’ experience to be considered for the Senior Associate level
  • CPA and prior experience with a Big 4 accounting firm is a plus
  • Strong GAAP financial reporting experience
  • Excellent verbal and written communication skills
  • SEC related experience / BDC related experience is a plus
  • Private equity or private debt valuation experience a plus
  • Expert knowledge of Microsoft Office suite (Excel, Word, etc.)
  • Investran, WSO, Advent Geneva experience a plus

 

OTHER DUTIES:  

This position is hybrid, 3-4 days/week in the office.

The base salary range for this position is $85,000 - $100,000. 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.

 

 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. 

Audax Management Co. is an equal opportunity employer.

Please note that Audax Group and its affiliated entities do not accept unsolicited resumes from a third-party recruiting agency not currently under a signed agreement. Any unsolicited resume that is sent to directly to Audax Group or one of its affiliated entities, or its employees, including those submitted to hiring managers by a third-party recruiting agency not currently under a signed agreement, will be considered property of Audax Group. If a third-party recruiting agency submits a resume without an agreement, Audax Group or its affiliated entities explicitly reserves the right to pursue and hire those candidate(s) without any financial obligation to the third-party recruiting agency. Any third-party recruiting agency should contact either a member of the Talent Acquisition or Human Resource team at Audax Group, in conjunction with a valid, fully executed contract for service based upon a specific job opening.

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