Founded in 1999, Audax Group is a leading alternative investment manager with
offices in Boston, New York, San Francisco, London and Hong Kong. With
approximately $42 billion of assets under management and more than 475
employees, Audax is a leading capital partner for middle market companies,
operating through three business lines: Audax Private Equity, Audax Private
Debt, and Audax Strategic Capital.
For more information, visit www.audaxgroup.com [http://www.audaxgroup.com] or
follow Audax Group on LinkedIn
[https://www.linkedin.com/company/audaxgroup/posts/?feedView=all].
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
[https://www.audaxprivatedebt.com/] or follow us on LinkedIn
[https://www.linkedin.com/company/audax-private-debt/].
POSITION SUMMARY:
The position is responsible for the financial reporting and accounting for Audax
Private Debt based in Boston. The Finance Manager is also a key contributor to
the Private Debt valuation process and is responsible for the compliance and
control processes related to several Private Debt Funds. Private Debt invests in
debt securities of middle market companies backed by private equity sponsors via
a variety of different investment vehicles. The candidate will work closely with
the Valuation, Investor Relations, CLO, FP&A, Tax and Senior Debt Deal teams.
The ideal candidate is a self-motivated and detail-oriented team player who will
thrive in a fast-paced environment and must be able to prioritize and complete
all projects with precision in a timely manner. As Audax Private Debt continues
to grow, the position will evolve with the direction of the business’ needs.
RESPONSIBILITIES:
* Preparation and review of the monthly, quarterly, and annual financial
statements, fund level returns and investor deliverables for various Private
Debt funds
* Work with the Investor Relations team in preparing fundraising materials and
in providing information for investor requests, including fund performance
data, fee information and underlying portfolio financial information
* Prepare monthly and quarterly MD&A on fund performance for senior management
* Contribute to the valuation process for debt, equity and CLO investments
* Review fund administrator’s work on various Private Debt funds
* Administration of assigned funds: prepare/review, coordinate, calculate
capital calls and distributions
* Work with the Tax team in preparing quarterly tax estimates as well as
year-end tax allocations
* Track and update the portfolio of investments for the various Private Debt
funds
* Track interest payment receipts across portfolio team
* 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
* Be available to provide timely communication to internal and external
stakeholders on projects when required
* Responsible for coaching and developing junior team members
COMPETENCIES:
* Advanced GAAP financial reporting experience
* Effective communication skills and ability interact with Senior Management
and outside parties
* Strong organizational skills
* Professional and energetic attitude
* Expert knowledge of Microsoft Office suite (Excel, Word, etc.)
* Self-starter with ability to work independently and in a team environment
* Exemplary leadership skills
* Ability to work in a fast-paced environment and manage competing priorities
* Demonstrated consistency in meeting deadlines with quality work product
REQUIREMENTS/QUALIFICATIONS:
* Bachelor’s Degree in Accounting/Finance with a CPA
* 5 plus years of experience, including public accounting, preferably focusing
on alternative investment asset managers
* Extensive experience with Private Equity/Debt valuation
* SEC/BDC reporting and CLO experience is 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:
For Massachusetts: The base salary range for this position is $125,000-
$150,000. 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.