Senior Finance Associate - Accounts Receivable

BAIN CAPITAL OVERVIEW

With approximately $185 billion of assets under management, Bain Capital is one of the world’s leading private investment firms. We create lasting impact for our investors, teams, businesses, and the communities in which we live. Over four decades we have strategically grown our platform to focus on Private Equity, Growth & Venture, Capital Solutions, Credit & Capital Markets, and Real Assets. Today, our team includes 1,880+ employees in 24 offices on four continents. 

We partner differently to help people and companies embrace possibility and realize potential. Founded as a private partnership in 1984, we have fostered a culture of innovation, entrepreneurialism, and agility, empowering our people to define and own their career trajectories. Today, our partnership approach enables us to pursue strategic growth, build enduring relationships with a robust external network, and collaborate across our integrated platform to connect the deep and diverse expertise that unlocks breakthrough insights.

Our people are the heart of our advantage. Colleagues at all levels have a seat at the table as they tackle business challenges with a principal investor mindset. By asking incisive questions, respectfully challenging one another, and remaining intellectually agile, we work together to achieve exceptional outcomes. 

CORPORATE FINANCE GROUP

The Corporate Finance Group consists of 25 individuals and is responsible for the day to day accounting for the Global Management Company.  Our current Enterprise Risk Platform (general ledger system) is Workday Financials. The Global Management Company consolidates the operations of the Investment Advisors (one for each business – Private Equity, Credit, Ventures, Public Equity, Double Impact, Life Sciences, Real Estate, and Partnership Strategies) and the entities by geography including Asia Pacific (Hong Kong, Tokyo, Shanghai, and Australia), Europe (London, Dublin, Munich and South Africa) and India (Mumbai and Mauritius).  The Corporate Finance Group is also responsible for tax accounting and works closely with the Tax Department on Tax Reporting. Various other responsibilities within the group include the treasury and cash management function, internal reporting, external reporting, accounts receivable, accounts payable and fixed assets.

POSITION DESCRIPTION

The Senior Finance Associate, as a member of the Corporate Finance team, is primarily responsible for the process of allocating and invoicing capital markets deal related costs between the Advisor and the Global Special Situations, Credit, Partnership Strategies & Public Equity funds. The Senior Finance Associate shall develop and use subject matter expertise to manage and execute all aspects of the process, including the following key tasks:

• Manage the process of allocating capital markets deal related costs and transaction fees to ensure compliance with prescribed methodologies, accuracy of all allocation calculations, effectiveness of the capital markets allocation system, administration of treatment intricacies and the completion of all supporting tasks and schedules

• Allocate dead deal costs and transaction fees between Advisor, capital markets funds, business units, and outside parties using various data sources

• Prepare and deliver the fee and cost sharing invoices to Managed Account funds, including supporting calculations and transaction detail

• Perform detailed and analytical reviews for accuracy of allocations and costs using the expense allocation system and payment tracker; research, resolve and document any discrepancies

• Use the expense allocation system throughout procedures to complete monthly system tasks, prepare reconciliations, input of data updates, review results, complete fund sharing calculations, compile invoices and for reporting deliverables

• Work closely with IT to resolve system related issues and to implement enhancements and new functionality

• Work closely with key stakeholders (Global teams including Corporate Finance, Business Unit Finance, General Counsel, Compliance, Tax and Investment professionals) on points impacting the cost allocation and invoice processes

• Review coding and payments for invoices received from external suppliers

• Reconcile wires on a weekly basis to ensure fund ledger aligns with bank statements for all fund payments

• Communicate with internal teams and outside service providers to prepare and deliver monthly and ad hoc reporting, field inquiries and provide additional explanations and data as needed

• Understand the capital markets investment life cycle, prescribed cost sharing methodologies, limited partner agreement provisions, and tax guidance in order to ensure co