Senior Associate, Finance Private Debt Origination

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.

Based in New York, Audax Private Debt is a leading debt capital partner for North American middle market companies. Since its inception in 2000, the firm has invested more than $42 billion in support of over 290 private equity sponsors. Audax Private Debt works collaboratively to build tailored financing solutions for its clients through a comprehensive range of offerings that includes first lien, stretch senior, unitranche, second lien, and subordinated debt, as well as equity co-investments. Audax Private Debt is an experienced and trusted partner with senior leadership averaging more than 26 years in private credit and 15 years working together at the firm through multiple economic cycles. For more information, please visit audaxprivatedebt.com or follow us on LinkedIn.  
This role is based in the Boston office of Audax Private Debt

POSITION SUMMARY:

The position is responsible for the accounting and reporting for Private Debt Origination.  Private Debt Origination invests in junior/unitranche debt and equity securities of middle market companies that are owned by private equity firms. The candidate will provide financial support to Private Debt Origination, 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.

RESPONSIBILITIES:

• Preparation of quarterly and annual financial statements of various Private Debt funds
• Review fund administrator’s work on various Private Debt funds
• All accounting, reporting, and compliance of certain Private Debt funds
• Administration of these funds: prepare, coordinate, calculate capital calls and distributions
• Work with Investor Relations group in preparing fundraising offering materials and in providing information for due diligence requests, including fund performance data, fee information and underlying portfolio financial information
• Work closely with firms outside auditor in preparation of year-end audited financials
• Work with tax group in preparing quarterly tax estimates as well as year-end tax allocations
• Cash monitoring and reconciliation with bank
• Track and update the portfolio of investments for the Various Private Debt funds
• Track interest payment receipts across portfolio
• Account for daily activity in the general ledger and portfolio accounting system

COMPETENCIES: 

• Self-starter with ability to work independently and in a team environment
• 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

REQUIREMENTS/QUALIFICATIONS:

• Bachelor's in accounting
• 5-8 years’ experience primarily focused on partnerships and investment (public accounting experience with private debt clients strongly preferred)
• Strong GAAP financial reporting experience
• Expert knowledge of Microsoft Office suite (Excel, Word, etc.)
• Investran experience a plus
• Excellent verbal and writing skills
• CPA or advanced certification a plus

 LOCATION: Boston, MA. 3 days/week in office. These in office requirements may change based on the needs of the business.

OTHER DUTIES: 

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.

 

 

 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, respon