Manager, Accounting Close - BDC Fund Accounting

Position Information

Hiring Manager:

Assistant Controller

Department:

Executive - Split

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 technical 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 Manager’s responsibilities include, but are not limited to: 

• Lead the accounting and financial reporting for one or more BDCs:
  • Lead the month end close process, which includes the reconciliation of the portfolio level investment ledger to the general ledger
  • Lead the calculation and booking of fund level expenses including management fees, incentive fees and accruals in accordance with GAAP and applicable Investment Advisory Agreements
  • Review the preparation of the BDC fund’s consolidated balance sheet, income statement and monthly reporting package
  • Lead / assist in investor level capital activity such as periodic capital calls, dividend distributions and IRR statements with self-administered funds
  • Assist with coordinating and managing third-party transfer agent activities associated with shareholder activity (new capital, dividend distributions and share redemptions), along with collaborating with internal teams and the transfer agent to address and resolve investor issues
  • Ensure the BDCs maintain RIC status for tax purposes throughout the year and at quarter-ends
  • Prepare and review quarterly forecasts for senior management to provide preview of BDC performance before the month-end reconciliation process is completed
  • Prepare and review forecasts for the liquidity positions of one or more BDC funds to enhance investor returns and support capital call recommendations
  • Support one or more growing BDC funds, which may include assisting on ad hoc projects for new debt initiatives, providing requested financial information to prospective investors and working closely with Technology Services to automate processes to accommodate larger sets of data
  • Review / prepare the Schedule of Investments and supporting schedules to provide specific portfolio company data used in footnotes, MD&A and investor presentations
  • Review / prepare various Board Materials for senior management
  • Ensure the execution of monthly and quarterly controls in accordance with firm’s control matrix
  • Coach and develop junior team members

• Lead / assist various ad-hoc projects and requests including, but not limited to:  rating agency forecasts, testing of technology changes and upgrades, projections and metrics, proxy statement due diligence and filings related to fund level strategic initiatives
• Work closely with other Golub Capital shared services functions (e.g., Treasury, Operations, Tax, Portfolio Monitoring and Investor Communications) as it relates to the ongoing operational and reporting needs of the BDC Fund Accounting Team
• Lead / assist the BDC Fund Accounting Team drive operational efficiencies and strong controllership throughout all processes

Candidate Requirements

Qualifications & Experience:

• Bachelor’s degree required (Accounting or Finance preferred)
• At least 5 years of relevant experience in financial services or a similar business is strongly desired (BDC / private equity / leveraged finance / hedge