Senior Associate, Private Debt Internal Audit
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 Senior Associate role in Internal Audit is responsible for assessing, documenting, and testing the control environment as Audax Private Debt moves towards SOC1 certification. This position will include the following responsibilities:
RESPONSIBILITIES:
- Participation in status meetings with external audit firm(s) as well as partnering with Finance, IT, and Compliance.
- Adhere to the internal framework for monitoring the in-scope activities of the SOC 1 program.
- Demonstrate an understanding of Finance, IT, and Compliance processes to proactively identify and evaluate scope changes to SOC reports based on changes in organizational alignment, product offerings, and technology
- Provide recommendations to Internal Audit management to address control gaps or testing exceptions, and develop remediation, as necessary
- Assess the design and conduct testing of various control areas within finance, operations, and information technology, including documenting work performed.
- Review subservice organization SOC 1 and/or SOC 2) reports to assess the adequacy of the vendor’s control environment.
- Review SOC report drafts and recommend changes in line with AICPA guidance.
- Participate in various SOC strategic initiatives and projects, as assigned
- Responsible for contributions toward the successful completion of the annual SOC 1 Type 1 certification and subsequently, Type 2 certification.
- As the firm grows, participate in the development of the internal audit function broadly
REQUIREMENTS/QUALIFICATIONS:
- BS or BA degree required
- Ideal candidate has 3-6 years of audit experience in public accounting or internal audit
- Must have SOC1 experience (either in an audit capacity or in-house)
- Background in Finance/Information Technology controls
- CPA, CIA, or CISA a plus
- Preferred industry experience includes Financial Services, Banking and/or Insurance
- Asset manager, in particular, Private debt experience, a major plus
- Excellent analytical, client service, time management, and communication skills
- Ability to multi-task and manage projects in a fast paced environment
- Proficiency in developing, evaluating, and testing internal controls
- A proven self-starter who can manage long term projects
- Deadline and detail orientated.
LOCATION: Boston, MA. This position is in the office 3 days/week. These in-office requirements may be adjusted based on the needs of the business
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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